Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
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| Three Months Ended |
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(in millions) |
|
| March 31, |
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|
| 2005 |
|
| 2004 |
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Operating revenues |
| $ | 880.1 |
| $ | 809.9 |
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Operating expenses: |
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Purchased power, cost of gas and demand |
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|
side management |
|
| 539.7 |
|
| 488.5 |
|
Operations and maintenance |
|
| 120.1 |
|
| 106.4 |
|
Depreciation and amortization |
|
| 74.7 |
|
| 65.5 |
|
Taxes |
|
| 59.4 |
|
| 62.0 |
|
Total operating expenses |
|
| 793.9 |
|
| 722.4 |
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|
Operating income |
|
| 86.2 |
|
| 87.5 |
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Other income (expense): |
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Interest charges |
|
| (40.1 | ) |
| (38.1 | ) |
Other income, net |
|
| 0.7 |
|
| 0.8 |
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|
|
Preferred dividends of subsidiary |
|
| 0.5 |
|
| 0.5 |
|
Net income |
| $ | 46.3 |
| $ | 49.7 |
|
NSTAR
Condensed Consolidated Balance Sheets (Unaudited)
(in millions) |
|
| March 31, |
|
| December 31, |
|
|
| 2005 |
|
| 2004 |
Assets |
|
|
|
|
|
|
Property, plant and equipment, net |
| $ | 3,609.6 |
| $ | 3,580.0 |
Investments |
|
| 74.6 |
|
| 73.0 |
Current assets |
|
| 1,102.1 |
|
| 777.7 |
Regulatory assets and goodwill |
|
| 2,217.8 |
|
| 2,303.6 |
Other deferred debits |
|
| 379.1 |
|
| 382.9 |
Total assets |
| $ | 7,383.2 |
| $ | 7,117.2 |
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Capitalization and Liabilities |
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Common equity |
| $ | 1,459.4 |
| $ | 1,440.9 |
Long-term debt and preferred stock |
|
| 2,548.1 |
|
| 2,144.4 |
Current liabilities |
|
| 1,080.4 |
|
| 961.1 |
Deferred taxes and unamortized investment tax credits |
|
| 1,056.2 |
|
| 840.5 |
Other deferred credits |
|
| 1,239.1 |
|
| 1,730.3 |
Total capitalization and liabilities |
| $ | 7,383.2 |
| $ | 7,117.2 |
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NSTAR
Energy Sales - Three Month Periods Ended March 31,
Retail Electric Sales - gWh
|
|
|
| % | |||
|
| 2005 |
| 2004 |
| Change | |
Residential |
| 1,724 |
| 1,766 |
| (2.4 | )% |
Commercial |
| 3,215 |
| 3,136 |
| 2.5 | % |
Industrial and other |
| 441 |
| 440 |
| 0.2 | % |
Total |
| 5,380 |
| 5,342 |
| 0.7 | % |
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Firm Gas Sales and Transportation - BBTU
|
|
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| % | |||
|
| 2005 |
| 2004 |
| Change | |
Residential |
| 10,791 |
| 11,690 |
| (7.7 | )% |
Commercial and other |
| 8,286 |
| 8,565 |
| (3.3 | )% |
Industrial |
| 1,895 |
| 1,828 |
| 3.7 | % |
Total |
| 20,972 |
| 22,083 |
| (5.0 | )% |
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