Eversource Energy (ES) 8-K Results of Operations and Financial Condition

Exhibit 99.2

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)				&nbs p;
		September 30,		December 31,
(Thousands of Dollars)		2010		2009
ASSETS
Current Assets:
Cash and Cash Equivalents	$	41,179	$	26,952
Receivables, Net		526,280		512,770
Unbilled Revenues		151,923		229,326
Fuel, Materials and Supplies		247,254		277,085
Marketable Securities		79,969		66,236
Derivative Assets		10,651		31,785
Prepayments and Other Current Assets		178,739		123,700
Total Current Assets		1,235,995		1,267,854
Property, Plant and Equipment, Net		9,318,017		8,839,965
Deferred Debits and Other Assets:
Regulatory Assets		3,085,019		3,244,931
Goodwill		287,591		287,591
Marketable Securities		45,727		54,905
Derivative Assets		134,704		189,751
Other Long-Term Assets		190,535		172,682
Total Deferred Debits and Other Assets		3,743,576		3,949,860
Total Assets	$	14,297,588	$	14,057,679

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

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
&nbs p;		September 30,			December 31,
(Thousands of Dollars)		2010			2009
&nbs p;
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes Payable to Banks	$	156,000		$	100,313
Long-Term Debt - Current Portion		66,286			66,286
Accounts Payable		379,184			457,582
Obligations to Third Party Suppliers		71,995	&n bsp;		44,978
Accrued Taxes		69,870			50,246
Accrued Interest		107,828			83,763
Derivative Liabilities		61,317			37,617
Other Current Liabilities		144,668			138,627
Total Current Liabilities		1,057,148			979,412
Rate Reduction Bonds		246,711			442,436
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes		1,546,255			1,380,143
Regulatory Liabilities		434,498			485,706
Derivative Liabilities		996,209			955,646
Accrued Pension		759,263			781,431
Other Long-Term Liabilities		781,246			845,868
Total Deferred Credits and Other Liabilities		4,517,471			4,448,794
Capitalization:
Long-Term Debt		4,635,960			4,492,935
Noncontrolling Interest in Consolidated Subsidiary:
Preferred Stock Not Subject to Mandatory Redemption		116,200			116,200
Equity:
Common Shareholders' Equity:
Common Shares		978,677			977,276
Capital Surplus, Paid In		1,772,959			1,762,097
Deferred Contribution Plan		-			(2,944)
Retained Earnings		1,368,956			1,246,543
Accumulated Other Comprehensive Loss		(40,979)			(43,467)
Treasury Stock		(356,950)			(361,603)
Common Shareholders' Equity		3,722,663			3,577,902
Noncontrolling Interest		1,435			-
Total Equity		3,724,098			3,577,902
Total Capitalization		8,476,258			8,187,037
Total Liabilities and Capitalization	$	14,297,588		$	14,057,679

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

NORTHEAST UTILITIES AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME 

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
(Thousands of Dollars, Except Share Information)	2010			2009			2010		2009
Operating Revenues	$	1,243,337		$	1,306,173		$	3,694,182	$	4,124,087
Operating Expenses:
Fuel, Purchased and Net Interchange Power		494,125			611,632			1,539,703		2,034,151
Other Operating Expenses		233,472			250,296			688,409		732,562
Maintenance		49,951			61,609			162,405		166,812
Depreciation		70,954			77,074			228,685		231,825
Amortization of Regulatory Assets, Net		50,341			10,542			50,908		19,194
Amortization of Rate Reduction Bonds		60,434			56,669			175,000		163,871
Taxes Other Than Income Taxes		84,427			75,798			244,431		216,651
Total Operating Expenses		1,043,704			1,143,620			3,089,541		3,565,066
Operating Income		199,633			162,553			604,641		559,021
Interest Expense:
Interest on Long-Term Debt		57,802			55,733			173,594		168,191
Interest on Rate Reduction Bonds		4,661			8,657			16,985		28,889
Other Interest		3,435			5,245			9,778		8,490
Interest Expense		65,898			69,635			200,357		205,570
Other Income, Net		10,118	;		9,490			19,726		26,081
Income Before Income Tax Expense		143,853			102,408			424,010		379,532
Income Tax Expense		41,918			36,230			161,126		130,047
Net Income		101,935			66,178			262,884		249,485
Net Income Attributable to Noncontrolling Interests		1,411			1,390			4,204		4,169
Net Income Attributable to Controlling Interests	$	100,524		$	64,788		$	258,680	$	245,316
						;
Basic Earnings Per Common Share	$	0.57		$	0.37		$	1.47	$	1.43
Fully Diluted Earnings Per Common Share	$	0.57		$	0.37		$	1.46	$	1.43
Dividends Declared Per Common Share	$	0.26		$	0.24		$	0.77	$	0.71
Weighted Average Common Shares Outstanding:
Basic		176,752,714			175,358,776			176,557,889		170,958,396
Fully Diluted		177,012,278		&nb sp;	175,995,506			176,762,088		171,532,913

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

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
		Nine Months Ended September 30,
(Thousands of Dollars)		2010			2009
Operating Activities:
Net Income	$	262,884		$	249,485
Adjustments to Reconcile Net Income to Net Cash Flows
Provided by Operating Activities:
Bad Debt Expense		24,632			31,519
Depreciation		228,685			231,825
Deferred Income Taxes		105,070			77,617
Pension and PBOP Expense, Net of PBOP Contributions		41,709			10,197
Pension Contribution		(45,000)			-
Regulatory Overrecoveries, Net		44,479			44,519
Amortization of Regulatory Assets, Net		50,908			19,194
Amortization of Rate Reduction Bonds		175,000			163,871
Derivative Assets and Liabilities		(9,228)			(18,519)
Other		(46,190)			(13,485)
Changes in Current Assets and Liabilities:
Receivables and Unbilled Revenues, Net		20,905			122,700
Fuel, Materials a nd Supplies		33,337			18,900
; Taxes Receivable/(Accrued)		(12,904)			59,641
;    Other Current Assets		(6,379)			(7,490)
;     Accounts Payable		(59,601)			(242,179)
Other Current Liabilities		35,340			13,335
Net Cash Flows Provided by Operating Activities		843,647			761,130
Investing Activities:
Investments in Property and Plant		(677,579)			(634,446)
Proceeds from Sales of Marketable Securities		146,305			182,131
Purchases of Marketable Securities		(148,075)			(183,814)
Other Investing Activities		(10,412)			4,298
Net Cash Flows Used in Investing Activities		(689,761)	;		(631,831)
Financing Activities:
Issuance of Common Shares		-			388,529
Cash Dividends on Common Shares		(135,349)			(120,647)
Cash Dividends on Preferred Stock		(4,169)			(4,169)
Increase/(Decrease) in Short-Term Debt		55,687			(293,663)
Issuance of Long-Term Debt		145,000			312,000
Retirements of Long-Term Debt		(4,286)			(54,286)
Retirements of Rate Reduction Bonds		(195,724)			(183,208)
Other Financing Activities		(818)			(14,694)
Net Cash Flows (Used in)/Provided by Financing Activities		(139,659)			29,862
Net Increase in Cash and Cash Equivalents		14,227			159,161
Cash and Cash Equivalents - Beginning of Period		26,952			89,816
Cash and Cash Equivalents - End of Period	$	41,179		$	248,977

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