Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
| | | Three Months Ended | |
(in millions, except earnings per share) | | | March 31, | |
| | | 2006 | | | 2005 | |
| | | | | | | |
Operating revenues | | $ | 1,034.8 | | $ | 880.1 | |
| | | | | | | |
Operating expenses: | | | | | | | |
Purchased power, cost of gas and demand- | | | | | | | |
side management and renewable energy programs | | | 690.6 | | | 539.7 | |
Operations and maintenance | | | 106.8 | | | 120.1 | |
Depreciation and amortization | | | 93.9 | | | 76.7 | |
Taxes | | | 56.1 | | | 57.4 | |
Total operating expenses | | | 947.4 | | | 793.9 | |
| | | | | | | |
Operating income | | | 87.4 | | | 86.2 | |
| | | | | | | |
Financing costs and other income and deductions, net | | | (43.4 | ) | | (39.9 | ) |
| | | | | | | |
Net income | | $ | 44.0
====== | | $ | 46.3
======= | |
| | | | | | | |
Earnings per common share: | | | | | | | |
Basic | | $ | 0.41 | | $ | 0.43 | |
Diluted | | $ | 0.41 | | $ | 0.43 | |
NSTAR
Condensed Consolidated Balance Sheets
(in millions) | | March 31, | | December 31, |
| | | 2006 | | | 2005 |
| | (Unaudited) | | | |
Assets | | | | | | |
Property, plant and equipment, net | | $ | 3,892.8 | | $ | 3,840.0 |
Investments | | | 77.1 | | | 77.1 |
Current assets | | | 1,080.5 | | | 1,036.3 |
Regulatory assets | | | 2,212.3 | | | 2,266.4 |
Other deferred debits | | | 428.3 | | | 425.8 |
Total assets | | $ | 7,691.0
====== | | $ | 7,645.6
======= |
| | | | | | |
| | | | | | |
Capitalization and Liabilities | | | | | | |
Common equity | | $ | 1,521.0 | | $ | 1,535.0 |
Long-term debt and preferred stock | | | 2,559.9 | | | 2,445.4 |
Current liabilities | | | 1,138.6 | | | 1,169.5 |
Deferred taxes and unamortized investment tax credits | | | 1,266.6 | | | 1,273.4 |
Other deferred credits | | | 1,204.9 | | | 1,222.3 |
Total capitalization and liabilities | | $ | 7,691.0
====== | | $ | 7,645.6
======= |
NSTAR
Energy Sales - Three Month Periods Ended March 31,
Retail Electric Sales - gWh
| | | | % |
| | 2006 | | 2005 | | Change |
Residential | | 1,656 | | 1,724 | | (3.9 | ) |
Commercial | | 3,154 | | 3,215 | | (1.9 | ) |
Industrial and other | | 438 | | 441 | | (0.7 | ) |
Total | | 5,248
===== | | 5,380
===== | | (2.4
== | ) |
| | | | | | | |
Firm Gas Sales and Transportation - BBTU
| | | | % |
| | 2006 | | 2005 | | Change |
Residential | | 9,092 | | 10,791 | | (15.7 | ) |
Commercial and other | | 7,360 | | 8,286 | | (11.2 | ) |
Industrial | | 1,641 | | 1,895 | | (13.4 | ) |
Total | | 18,093
===== | | 20,972
===== | | (13.7
=== | ) |
| | | | | | | |
