Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
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| Three Months Ended |
| |||
(in millions, except earnings per share) |
|
| September 30, |
| |||
|
|
| 2006 |
|
| 2005 |
|
|
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|
|
|
|
|
|
Operating revenues |
| $ | 956.3 |
| $ | 858.5 |
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|
|
|
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|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
Purchased power, cost of gas and energy efficiency programs |
|
| 568.4 |
|
| 480.9 |
|
Operations and maintenance |
|
| 108.0 |
|
| 104.8 |
|
Depreciation and amortization |
|
| 87.8 |
|
| 85.7 |
|
Taxes |
|
| 70.8 |
|
| 67.6 |
|
Total operating expenses |
|
| 835.0 |
|
| 739.0 |
|
|
|
|
|
|
|
|
|
Operating income |
|
| 121.3 |
|
| 119.5 |
|
|
|
|
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|
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|
|
Financing costs and other income and deductions, net |
|
| (44.6 | ) |
| (41.5 | ) |
|
|
|
|
|
|
|
|
Net income |
| $ | 76.7 |
| $ | 78.0 |
|
|
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Earnings per common share: |
|
|
|
|
|
|
|
Basic |
| $ | 0.72 |
| $ | 0.73 |
|
Diluted |
| $ | 0.72 |
| $ | 0.72 |
|
NSTAR
Condensed Consolidated Balance Sheets
(in millions) | September 30, |
| December 31, | ||||
|
|
| 2006 |
|
| 2005 | |
|
| (Unaudited) |
|
|
| ||
Assets |
|
|
|
|
|
| |
Property, plant and equipment, net |
| $ | 4,026.8 |
| $ | 3,840.0 | |
Investments |
|
| 78.6 |
|
| 77.1 | |
Current assets |
|
| 958.8 |
|
| 1,036.3 | |
Regulatory assets |
|
| 2,074.2 |
|
| 2,266.4 | |
Other deferred debits |
|
| 524.8 |
|
| 425.8 | |
Total assets |
| $ | 7,663.2 |
| $ | 7,645.6 | |
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|
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| |
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| |
Capitalization and Liabilities |
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|
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| |
Common equity |
| $ | 1,583.5 |
| $ | 1,535.0 | |
Long-term debt and preferred stock |
|
| 2,404.5 |
|
| 2,445.4 | |
Current liabilities |
|
| 1,230.8 |
|
| 1,169.5 | |
Deferred taxes and unamortized investment tax credits |
|
| 1,255.2 |
|
| 1,273.4 | |
Other deferred credits |
|
| 1,189.2 |
|
| 1,222.3 | |
Total capitalization and liabilities |
| $ | 7,663.2 |
| $ | 7,645.6 |
NSTAR
Energy Sales - Three Month Periods Ended September 30,
Retail Electric Sales - gWh
|
|
|
| % | |||
|
| 2006 |
| 2005 |
| Change | |
Residential |
| 1,833 |
| 1,948 |
| (5.9 | ) |
Commercial |
| 3,619 |
| 3,688 |
| (1.9 | ) |
Industrial and streetlighting |
| 455 |
| 472 |
| (3.6 | ) |
Total |
| 5,907 |
| 6,108 |
| (3.3 | ) |
|
|
|
|
|
|
|
|
Firm Gas Sales and Transportation - BBTU
|
|
|
| % | |||
|
| 2006 |
| 2005 |
| Change | |
Residential |
| 1,454 |
| 1,427 |
| 1.9 |
|
Commercial and other |
| 1,899 |
| 1,721 |
| 10.3 |
|
Industrial |
| 840 |
| 859 |
| (2.2 | ) |
Total |
| 4,193 |
| 4,007 |
| 4.6 |
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