Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
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| Three Months Ended |
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(in millions) |
|
| June 30, |
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| 2005 |
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| 2004 |
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Operating revenues |
| $ | 692.0 |
| $ | 649.8 |
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Operating expenses: |
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Purchased power, cost of gas and demand |
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side management |
|
| 373.2 |
|
| 362.3 |
|
Operations and maintenance |
|
| 111.3 |
|
| 103.2 |
|
Depreciation and amortization |
|
| 84.9 |
|
| 61.1 |
|
Taxes |
|
| 46.5 |
|
| 49.8 |
|
Total operating expenses |
|
| 615.9 |
|
| 576.4 |
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Operating income |
|
| 76.1 |
|
| 73.4 |
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Other income (expense): |
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Interest charges |
|
| (43.4 | ) |
| (38.3 | ) |
Other income, net |
|
| 1.0 |
|
| 2.9 |
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Preferred dividends of subsidiary |
|
| 0.5 |
|
| 0.5 |
|
Net income |
| $ | 33.2 |
| $ | 37.5 |
|
NSTAR
Condensed Consolidated Balance Sheets (Unaudited)
(in millions) |
|
| June 30, |
|
| December 31, |
|
|
| 2005 |
|
| 2004 |
Assets |
|
|
|
|
|
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Property, plant and equipment, net |
| $ | 3,675.9 |
| $ | 3,580.0 |
Investments |
|
| 75.3 |
|
| 73.0 |
Goodwill |
|
| 420.7 |
|
| 426.9 |
Current assets |
|
| 1,033.2 |
|
| 777.7 |
Regulatory assets |
|
| 1,751.0 |
|
| 1,876.7 |
Other deferred debits |
|
| 398.3 |
|
| 382.9 |
Total assets |
| $ | 7,354.4 |
| $ | 7,117.2 |
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Capitalization and Liabilities |
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Common equity |
| $ | 1,455.2 |
| $ | 1,440.9 |
Long-term debt and preferred stock |
|
| 2,545.9 |
|
| 2,144.4 |
Current liabilities |
|
| 1,109.6 |
|
| 961.1 |
Deferred taxes and unamortized investment tax credits |
|
| 1,036.5 |
|
| 840.5 |
Other deferred credits |
|
| 1,207.2 |
|
| 1,730.3 |
Total capitalization and liabilities |
| $ | 7,354.4 |
| $ | 7,117.2 |
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NSTAR
Energy Sales - Three Month Periods Ended June 30,
Retail Electric Sales - gWh
|
|
|
| % | |||
|
| 2005 |
| 2004 |
| Change | |
Residential |
| 1,489 |
| 1,480 |
| 0.6 | % |
Commercial |
| 3,075 |
| 3,098 |
| (0.7 | )% |
Industrial and other |
| 442 |
| 457 |
| (3.3 | )% |
Total |
| 5,006 |
| 5,035 |
| (0.6 | )% |
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Firm Gas Sales and Transportation - BBTU
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| % | |||
|
| 2005 |
| 2004 |
| Change | |
Residential |
| 3,135 |
| 2,905 |
| 7.9 | % |
Commercial and other |
| 3,037 |
| 2,801 |
| 8.4 | % |
Industrial |
| 1,136 |
| 1,185 |
| (4.1 | )% |
Total |
| 7,308 |
| 6,891 |
| 6.1 | % |
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