CONNECTICUT LIGHT & POWER CO - FORM 8-K - EX-99 - BALANCE SHEETS - May 6, 2011

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8-K - FINANCIAL REPORT (BALANCE SHEET) - CONNECTICUT LIGHT & POWER COf8k1qearnings2e.htm

Exhibit 99.1

NORTHEAST UTILITIES AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

March 31,

 

 

December 31,

(Thousands of Dollars)

 

2011

 

 

2010

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

Current Assets:

 

 

 

 

 

   Cash and Cash Equivalents

$

15,359

 

$

23,395

   Receivables, Net

 

540,127

 

 

523,644

   Unbilled Revenues

 

166,505

 

 

208,834

   Taxes Receivable

 

86,695

 

 

89,638

   Fuel, Materials and Supplies

 

202,561

 

 

244,043

   Regulatory Assets

 

221,029

 

 

238,699

   Marketable Securities

 

79,337

 

 

78,306

   Prepayments and Other Current Assets

 

95,352

 

 

100,441

Total Current Assets

 

1,406,965

 

 

1,507,000

 

 

 

 

 

 

Property, Plant and Equipment, Net

 

9,716,414

 

 

9,567,726

 

 

 

 

 

 

Deferred Debits and Other Assets:

 

 

 

 

 

   Regulatory Assets

 

2,683,788

 

 

2,756,580

   Goodwill

 

287,591

 

 

287,591

   Marketable Securities

 

52,854

 

 

51,201

   Derivative Assets

 

88,554

 

 

123,242

   Other Long-Term Assets

 

182,366

 

 

179,261

Total Deferred Debits and Other Assets

 

3,295,153

 

 

3,397,875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets

$

14,418,532

 

$

14,472,601

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

 

 

 

 

March 31,

 

 

December 31,

(Thousands of Dollars)

 

2011

 

 

2010

 

 

 

 

 

 

LIABILITIES AND CAPITALIZATION

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

   Notes Payable to Banks

$

189,000 

 

$

267,000 

   Long-Term Debt - Current Portion

 

66,286 

 

 

66,286 

   Accounts Payable

 

352,606 

 

 

417,285 

   Obligations to Third Party Suppliers

 

76,509 

 

 

74,659 

   Accrued Taxes

 

116,226 

 

 

107,067 

   Accrued Interest

 

76,852 

 

 

74,740 

   Regulatory Liabilities

 

114,216 

 

 

99,403 

   Derivative Liabilities

 

84,836 

 

 

71,501 

   Other Current Liabilities

 

130,656 

 

 

167,206 

Total Current Liabilities

 

1,207,187 

 

 

1,345,147 

 

 

 

 

 

 

Rate Reduction Bonds

 

164,704 

 

 

181,572 

 

 

 

 

 

 

Deferred Credits and Other Liabilities:

 

 

 

 

 

   Accumulated Deferred Income Taxes

 

1,709,012 

 

 

1,636,750 

   Regulatory Liabilities

 

313,256 

 

 

339,655 

   Derivative Liabilities

 

885,680 

 

 

909,668 

   Accrued Pension

 

810,265 

 

 

802,195 

   Other Long-Term Liabilities

 

694,672 

 

 

695,915 

Total Deferred Credits and Other Liabilities

 

4,412,885 

 

 

4,384,183 

 

 

 

 

 

 

Capitalization:

 

 

 

 

 

   Long-Term Debt

 

4,630,724 

 

 

4,632,866 

 

 

 

 

 

 

   Noncontrolling Interest in Consolidated Subsidiary:

 

 

 

 

 

     Preferred Stock Not Subject to Mandatory Redemption

 

116,200 

 

 

116,200 

 

 

 

 

 

 

   Equity:

 

 

 

 

 

     Common Shareholders' Equity:

 

 

 

 

 

       Common Shares

 

979,876 

 

 

978,909 

       Capital Surplus, Paid In

 

1,781,419 

 

 

1,777,592 

       Retained Earnings

 

1,518,099 

 

 

1,452,777 

       Accumulated Other Comprehensive Loss

 

(41,267)

 

 

(43,370)

       Treasury Stock

 

(352,792)

 

 

(354,732)

     Common Shareholders' Equity

 

3,885,335 

 

 

3,811,176 

     Noncontrolling Interests

 

1,497 

 

 

1,457 

   Total Equity

 

3,886,832 

 

 

3,812,633 

Total Capitalization

 

8,633,756 

 

 

8,561,699 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Liabilities and Capitalization

$

14,418,532 

 

$

14,472,601 

 

 

 

 

 

 

 

 

 

 

 

 

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.