Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
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| Three Months Ended |
| |||
(in millions, except earnings per share) |
|
| June 30, |
| |||
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|
| 2006 |
|
| 2005 |
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|
|
|
Operating revenues |
| $ | 784.6 |
| $ | 692.0 |
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|
|
Operating expenses: |
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|
|
|
|
|
|
Purchased power, cost of gas and energy efficiency programs |
|
| 450.8 |
|
| 373.2 |
|
Operations and maintenance |
|
| 106.7 |
|
| 111.3 |
|
Depreciation and amortization |
|
| 88.7 |
|
| 86.8 |
|
Taxes |
|
| 50.7 |
|
| 44.6 |
|
Total operating expenses |
|
| 696.9 |
|
| 615.9 |
|
|
|
|
|
|
|
|
|
Operating income |
|
| 87.7 |
|
| 76.1 |
|
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|
Financing costs and other income and deductions, net |
|
| (42.0 | ) |
| (42.9 | ) |
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|
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Net income |
| $ | 45.7 |
| $ | 33.2 |
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Earnings per common share: |
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|
Basic and Diluted |
| $ | 0.43 |
| $ | 0.31 |
|
NSTAR
Condensed Consolidated Balance Sheets
(in millions) |
| June 30, |
| December 31, | |||
|
|
| 2006 |
|
| 2005 | |
|
| (Unaudited) |
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| ||
Assets |
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|
|
|
|
| |
Property, plant and equipment, net |
| $ | 3,963.0 |
| $ | 3,840.0 | |
Investments |
|
| 78.0 |
|
| 77.1 | |
Current assets |
|
| 980.2 |
|
| 1,036.3 | |
Regulatory assets |
|
| 2,187.1 |
|
| 2,266.4 | |
Other deferred debits |
|
| 421.4 |
|
| 425.8 | |
Total assets |
| $ | 7,629.7 |
| $ | 7,645.6 | |
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Capitalization and Liabilities |
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Common equity |
| $ | 1,538.4 |
| $ | 1,535.0 | |
Long-term debt and preferred stock |
|
| 2,557.6 |
|
| 2,445.4 | |
Current liabilities |
|
| 1,101.3 |
|
| 1,169.5 | |
Deferred taxes and unamortized investment tax credits |
|
| 1,253.2 |
|
| 1,273.4 | |
Other deferred credits |
|
| 1,179.2 |
|
| 1,222.3 | |
Total capitalization and liabilities |
| $ | 7,629.7 |
| $ | 7,645.6 |
NSTAR
Energy Sales - Three Month Periods Ended June 30,
Retail Electric Sales - gWh
|
|
|
| % | |||
|
| 2006 |
| 2005 |
| Change | |
Residential |
| 1,447 |
| 1,489 |
| (2.8 | ) |
Commercial |
| 3,214 |
| 3,075 |
| 4.5 |
|
Industrial and other |
| 423 |
| 442 |
| (4.3 | ) |
Total |
| 5,084 |
| 5,006 |
| 1.6 |
|
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|
|
|
|
|
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|
Firm Gas Sales and Transportation - BBTU
|
|
|
| % | |||
|
| 2006 |
| 2005 |
| Change | |
Residential |
| 3,215 |
| 3,135 |
| 2.6 |
|
Commercial and other |
| 3,158 |
| 3,037 |
| 4.0 |
|
Industrial |
| 1,037 |
| 1,136 |
| (8.7 | ) |
Total |
| 7,410 |
| 7,308 |
| 1.4 |
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