Nstar 8-K NSTAR Reports Second Quarter Results for 2005

Exhibit 99.2

NSTAR
Condensed Consolidated Statements of Income (Unaudited)

		Three Months Ended
(in millions)		June 30,
		2005			2004
Operating revenues	$	692.0		$	649.8
Operating expenses:
Purchased power, cost of gas and demand
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
Operating income		76.1			73.4
Other income (expense):
Interest charges		(43.4	)		(38.3	)
Other income, net		1.0			2.9
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
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 =========
Capitalization and Liabilities
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 =========

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	)%

Firm Gas Sales and Transportation - BBTU

			%
	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	%