Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
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| Three Months Ended |
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(in millions, except earnings per share) |
|
| June 30, |
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| 2007 |
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| 2006 |
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Operating revenues |
| $ | 725.1 |
| $ | 784.6 |
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Operating expenses: |
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|
Purchased power, cost of gas and energy efficiency programs |
|
| 386.4 |
|
| 453.1 |
|
Operations and maintenance |
|
| 103.6 |
|
| 106.7 |
|
Depreciation and amortization |
|
| 90.7 |
|
| 88.8 |
|
Taxes |
|
| 51.7 |
|
| 48.3 |
|
Total operating expenses |
|
| 632.4 |
|
| 696.9 |
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|
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|
Operating income |
|
| 92.7 |
|
| 87.7 |
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Financing costs and other income and deductions, net |
|
| (42.6 | ) |
| (42.0 | ) |
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Net income |
| $ | 50.1 |
| $ | 45.7 |
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Earnings per common share: |
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Basic and Diluted |
| $ | 0.47 |
| $ | 0.43 |
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NSTAR
Condensed Consolidated Balance Sheets
(in millions) |
| June 30, |
| December 31, | |||
|
|
| 2007 |
|
| 2006 | |
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| (Unaudited) |
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| ||
Assets |
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| |
Property, plant and equipment, net |
| $ | 4,166.2 |
| $ | 4,086.1 | |
Investments |
|
| 90.0 |
|
| 82.6 | |
Current assets |
|
| 878.9 |
|
| 959.5 | |
Regulatory assets |
|
| 2,255.8 |
|
| 2,434.7 | |
Other deferred debits and refundable income taxes |
|
| 211.9 |
|
| 206.2 | |
Total assets |
| $ | 7,602.8 |
| $ | 7,769.1 | |
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Capitalization and Liabilities |
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Common equity |
| $ | 1,649.0 |
| $ | 1,582.6 | |
Long-term debt and preferred stock |
|
| 2,322.0 |
|
| 2,403.8 | |
Current liabilities |
|
| 1,218.0 |
|
| 1,272.3 | |
Deferred taxes and unamortized investment tax credits |
|
| 1,223.0 |
|
| 1,231.5 | |
Other deferred credits |
|
| 1,190.8 |
|
| 1,278.9 | |
Total capitalization and liabilities |
| $ | 7,602.8 |
| $ | 7,769.1 |
NSTAR
Energy Sales - Three Month Periods Ended June 30,
Retail Electric Sales - gWh
|
|
|
| % | |||
|
| 2007 |
| 2006 |
| Change | |
Residential |
| 1,452 |
| 1,447 |
| 0.4 |
|
Commercial |
| 3,243 |
| 3,214 |
| 0.9 |
|
Industrial and other |
| 409 |
| 423 |
| (3.3 | ) |
Total |
| 5,104 |
| 5,084 |
| 0.4 |
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Firm Gas Sales and Transportation - BBTU
|
|
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| % | |||
|
| 2007 |
| 2006 |
| Change | |
Residential |
| 3,475 |
| 3,215 |
| 8.1 |
|
Commercial and other |
| 3,136 |
| 3,158 |
| (0.7 | ) |
Industrial |
| 1,002 |
| 1,037 |
| (3.4 | ) |
Total |
| 7,613 |
| 7,410 |
| 2.7 |
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