Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
|
|
| Three Months Ended |
| |||
(in millions) |
|
| September 30, |
| |||
|
|
| 2005 |
|
| 2004 |
|
|
|
|
|
|
|
|
|
Operating revenues |
| $ | 858.5 |
| $ | 781.5 |
|
|
|
|
|
|
|
|
|
Operating expenses: |
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|
|
|
|
|
|
Purchased power, cost of gas and demand |
|
|
|
|
|
|
|
side management |
|
| 480.9 |
|
| 448.9 |
|
Operations and maintenance |
|
| 104.8 |
|
| 103.2 |
|
Depreciation and amortization |
|
| 85.7 |
|
| 62.0 |
|
Taxes |
|
| 67.6 |
|
| 66.1 |
|
Total operating expenses |
|
| 739.0 |
|
| 680.2 |
|
|
|
|
|
|
|
|
|
Operating income |
|
| 119.5 |
|
| 101.3 |
|
|
|
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
|
Interest charges |
|
| (43.7 | ) |
| (39.2 | ) |
Other income, net |
|
| 2.7 |
|
| 1.7 |
|
|
|
|
|
|
|
|
|
Preferred dividends of subsidiary |
|
| 0.5 |
|
| 0.5 |
|
Net income |
| $ | 78.0 |
| $ | 63.3 |
|
NSTAR
Condensed Consolidated Balance Sheets (Unaudited)
(in millions) |
|
| September 30, |
|
| December 31, |
|
|
| 2005 |
|
| 2004 |
Assets |
|
|
|
|
|
|
Property, plant and equipment, net |
| $ | 3,753.2 |
| $ | 3,580.0 |
Investments |
|
| 75.4 |
|
| 73.0 |
Current assets |
|
| 953.6 |
|
| 797.8 |
Regulatory assets |
|
| 2,343.5 |
|
| 2,555.4 |
Other deferred debits |
|
| 393.9 |
|
| 385.2 |
Total assets |
| $ | 7,519.6 |
| $ | 7,391.4 |
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Capitalization and Liabilities |
|
|
|
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Common equity |
| $ | 1,498.1 |
| $ | 1,440.9 |
Long-term debt and preferred stock |
|
| 2,467.5 |
|
| 2,144.4 |
Current liabilities |
|
| 1,114.2 |
|
| 961.1 |
Deferred taxes and unamortized investment tax credits |
|
| 1,265.2 |
|
| 1,114.6 |
Other deferred credits |
|
| 1,174.6 |
|
| 1,730.4 |
Total capitalization and liabilities |
| $ | 7,519.6 |
| $ | 7,391.4 |
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NSTAR
Energy Sales - Three Month Periods Ended September 30,
Retail Electric Sales - gWh
|
|
|
| % | |||
|
| 2005 |
| 2004 |
| Change | |
Residential |
| 1,948 |
| 1,715 |
| 13.6 |
|
Commercial |
| 3,688 |
| 3,428 |
| 7.6 |
|
Industrial and other |
| 472 |
| 479 |
| (1.5 | ) |
Total |
| 6,108 |
| 5,622 |
| 8.7 |
|
|
|
|
|
|
|
|
|
Firm Gas Sales and Transportation - BBTU
|
|
|
| % | |||
|
| 2005 |
| 2004 |
| Change | |
Residential |
| 1,427 |
| 1,462 |
| (2.4 | ) |
Commercial and other |
| 1,721 |
| 1,667 |
| 3.2 |
|
Industrial |
| 859 |
| 965 |
| (11.0 | ) |
Total |
| 4,007 |
| 4,094 |
| (2.1 | ) |
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