The Connecticut Light and Power Company (CNLTP) 8-K Eversource Energy Reports Third Quarter 2017 Results

EXHIBIT 99.2

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Thousands of Dollars)	As of September 30, 2017		As of December 31, 2016
ASSETS
Current Assets:
Cash and Cash Equivalents	$	125,761	$	30,251
Receivables, Net	919,959		847,301
Unbilled Revenues	146,634		168,490
Fuel, Materials, Supplies and Inventory	305,035		328,721
Regulatory Assets	746,142		887,625
Prepayments and Other Current Assets	159,939		215,284
Total Current Assets	2,403,470		2,477,672
Property, Plant and Equipment, Net	22,537,304		21,350,510
Deferred Debits and Other Assets:
Regulatory Assets	3,505,901		3,638,688
Goodwill	3,519,401		3,519,401
Marketable Securities	570,255		544,642
Other Long-Term Assets	627,289		522,260
Total Deferred Debits and Other Assets	8,222,846		8,224,991
Total Assets	$	33,163,620	$	32,053,173
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes Payable	$	18,238	$	1,148,500
Long-Term Debt – Current Portion	957,697		773,883
Accounts Payable	794,195		884,521
Obligations to Third Party Suppliers	149,789		122,806
Regulatory Liabilities	170,215		146,787
Other Current Liabilities	530,297		562,108
Total Current Liabilities	2,620,431		3,638,605
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes	6,001,589		5,607,207
Regulatory Liabilities	700,207		702,255
Derivative Liabilities	391,910		413,676
Accrued Pension and SERP	946,629		1,141,514
Other Long-Term Liabilities	881,056		853,260
Total Deferred Credits and Other Liabilities	8,921,391		8,717,912
Capitalization:
Long-Term Debt	10,468,193		8,829,354
Noncontrolling Interest – Preferred Stock of Subsidiaries	155,568		155,568
Equity:
Common Shareholders' Equity:
Common Shares	1,669,392		1,669,392
Capital Surplus, Paid In	6,235,846		6,250,224
Retained Earnings	3,474,185		3,175,171
Accumulated Other Comprehensive Loss	(63,615)		(65,282)
Treasury Stock	(317,771)		(317,771)
Common Shareholders' Equity	10,998,037		10,711,734
Total Capitalization	21,621,798		19,696,656
Total Liabilities and Capitalization	$	33,163,620	$	32,053,173

The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(Thousands of Dollars, Except Share Information)	2017		2016		2017		2016
Operating Revenues	$	1,988,512	$	2,039,706	$	5,856,458		$	5,862,525
Operating Expenses:
Purchased Power, Fuel and Transmission	651,776		665,810		1,955,129		2,001,929
Operations and Maintenance	300,421		324,734		933,400		965,584
Depreciation	194,466		181,288		571,152		531,781
Amortization of Regulatory Assets, Net	41,848		43,942		58,058		56,223
Energy Efficiency Programs	129,205		149,121		391,761		405,962
Taxes Other Than Income Taxes	168,193		164,942		479,648		479,219
Total Operating Expenses	1,485,909		1,529,837		4,389,148		4,440,698
Operating Income	502,603		509,869		1,467,310		1,421,827
Interest Expense	108,719		99,865		319,477		298,568
Other Income, Net	21,184		13,641		56,304		23,689
Income Before Income Tax Expense	415,068		423,645		1,204,137		1,146,948
Income Tax Expense	152,818		156,446		447,921		428,186
Net Income	262,250		267,199		756,216		718,762
Net Income Attributable to Noncontrolling Interests	1,880		1,880		5,639		5,639
Net Income Attributable to Common Shareholders	$	260,370	$	265,319	$	750,577		$	713,123
Basic and Diluted Earnings Per Common Share	$	0.82	$	0.83	$	2.36		$	2.24
Dividends Declared Per Common Share	$	0.48	$	0.45	$	1.43		$	1.34
Weighted Average Common Shares Outstanding:
Basic	317,393,029		317,787,836		317,415,848		317,696,823
Diluted	317,949,396		318,577,079		318,007,042		318,511,609

The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Nine Months Ended September 30,
(Thousands of Dollars)	2017		2016
Operating Activities:
Net Income		756,216		718,762
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:
Depreciation	571,152		531,781
Deferred Income Taxes	374,863		301,413
Pension, SERP and PBOP Expense, Net	16,891		31,627
Pension and PBOP Contributions	(197,900)		(121,854)
Regulatory Overrecoveries, Net	185,952		152,808
Amortization of Regulatory Assets, Net	58,058		56,223
Other	(148,741)		(27,671)
Changes in Current Assets and Liabilities:
Receivables and Unbilled Revenues, Net	(107,473)		(191,454)
Fuel, Materials, Supplies and Inventory	23,686		25,425
Taxes Receivable/Accrued, Net	88,856		347,898
Accounts Payable	(96,551)		(121,513)
Other Current Assets and Liabilities, Net	(32,874)		(53,077)
Net Cash Flows Provided by Operating Activities	1,492,135		1,650,368
Investing Activities:
Investments in Property, Plant and Equipment	(1,642,280)		(1,359,171)
Proceeds from Sales of Marketable Securities	520,664		444,209
Purchases of Marketable Securities	(506,302)		(437,197)
Other Investing Activities	(10,177)		(9,463)
Net Cash Flows Used in Investing Activities	(1,638,095)		(1,361,622)
Financing Activities:
Cash Dividends on Common Shares	(451,562)		(423,471)
Cash Dividends on Preferred Stock	(5,639)		(5,639)
Decrease in Notes Payable	(231,500)		(426,453)
Issuance of Long-Term Debt	1,250,000		800,000
Retirements of Long-Term Debt	(320,000)		(200,000)
Other Financing Activities	171		(17,074)
Net Cash Flows Provided by/(Used in) Financing Activities	241,470		(272,637)
Net Increase in Cash and Cash Equivalents	95,510		16,109
Cash and Cash Equivalents - Beginning of Period	30,251		23,947
Cash and Cash Equivalents - End of Period	$	125,761	$	40,056

The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.