EVERSOURCE ENERGY - FORM 8-K - EX-99 - BROKER'S STATEMENT

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EX-99 - NEWS RELEASE - EVERSOURCE ENERGY	newsrelease.htm
8-K - FORM 8-K - EVERSOURCE ENERGY	form8k.htm

EXHIBIT 99.2


NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)


		June 30,		December 31,
(Thousands of Dollars)		2013		2012

ASSETS

Current Assets:
	Cash and Cash Equivalents	$	36,055	$	45,748
	Receivables, Net		789,410		792,822
	Unbilled Revenues		193,534		216,040
	Fuel, Materials and Supplies		280,600		267,713
	Regulatory Assets		577,010		705,025
	Prepayments and Other Current Assets		174,484		199,947
Total Current Assets			2,051,093		2,227,295

Property, Plant and Equipment, Net			16,931,448		16,605,010

Deferred Debits and Other Assets:
	Regulatory Assets		4,817,305		5,132,411
	Goodwill		3,519,401		3,519,401
	Marketable Securities		501,876		400,329
	Derivative Assets		89,309		90,612
	Other Long-Term Assets		286,460		327,766
Total Deferred Debits and Other Assets			9,214,351		9,470,519



Total Assets		$	28,196,892	$	28,302,824



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)


			June 30,		December 31,
(Thousands of Dollars)			2013		2012

LIABILITIES AND CAPITALIZATION

Current Liabilities:
	Notes Payable		$	794,500	$	1,120,196
	Long-Term Debt - Current Portion			888,346		763,338
	Accounts Payable			532,036		764,350
	Regulatory Liabilities			216,422		134,115
	Other Current Liabilities			650,206		861,691
Total Current Liabilities				3,081,510		3,643,690

Rate Reduction Bonds				-		82,139

Deferred Credits and Other Liabilities:
	Accumulated Deferred Income Taxes			3,745,144		3,463,347
	Regulatory Liabilities			511,737		540,162
	Derivative Liabilities			788,929		882,654
	Accrued Pension, SERP and PBOP			1,956,726		2,130,497
	Other Long-Term Liabilities			899,270		967,561
Total Deferred Credits and Other Liabilities				7,901,806		7,984,221

Capitalization:
	Long-Term Debt			7,651,396		7,200,156

	Noncontrolling Interest - Preferred Stock of Subsidiaries			155,568		155,568

	Equity:
	Common Shareholders' Equity:
		Common Shares		1,664,833		1,662,547
		Capital Surplus, Paid In		6,176,366		6,183,267
		Retained Earnings		1,969,755		1,802,714
		Accumulated Other Comprehensive Loss		(69,469)		(72,854)
		Treasury Stock		(334,873)		(338,624)
	Common Shareholders' Equity			9,406,612		9,237,050
Total Capitalization				17,213,576		16,592,774

Total Liabilities and Capitalization			$	28,196,892	$	28,302,824



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)


				For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Thousands of Dollars, Except Share Information)				2013		2012		2013		2012

Operating Revenues				$	1,635,862	$	1,628,684	$	3,630,885	$	2,728,307

Operating Expenses:
	Purchased Power, Fuel and Transmission				488,302		542,014		1,236,111		937,358
	Operations and Maintenance				357,169		529,977		703,261		791,940
	Depreciation				159,553		144,485		314,530		225,324
	Amortization of Regulatory Assets, Net				54,574		25,590		108,623		31,016
	Amortization of Rate Reduction Bonds				8,082		40,752		42,581		59,100
	Energy Efficiency Programs				94,142		73,489		199,913		110,762
	Taxes Other Than Income Taxes				123,464		112,862		256,345		198,899
			Total Operating Expenses		1,285,286		1,469,169		2,861,364		2,354,399
Operating Income					350,576		159,515		769,521		373,908

Interest Expense:
	Interest on Long-Term Debt				85,999		86,925		171,294		146,892
	Interest on Rate Reduction Bonds				(189)		2,056		422		3,487
	Other Interest				1,040		66		(8,610)		5,116
		Interest Expense			86,850		89,047		163,106		155,495
Other Income, Net					4,944		1,806		12,710		10,580
Income Before Income Tax Expense					268,670		72,274		619,125		228,993
Income Tax Expense					95,606		26,055		216,093		82,019
Net Income					173,064		46,219		403,032		146,974
Net Income Attributable to Noncontrolling Interests					2,043		1,880		3,922		3,373
Net Income Attributable to Controlling Interest				$	171,021	$	44,339	$	399,110	$	143,601

Basic Earnings Per Common Share				$	0.54	$	0.15	$	1.27	$	0.60

Diluted Earnings Per Common Share				$	0.54	$	0.15	$	1.26	$	0.60

Dividends Declared Per Common Share				$	0.37	$	0.34	$	0.74	$	0.63

Weighted Average Common Shares Outstanding:
	Basic				315,154,130		301,047,753		315,141,956		239,551,735
	Diluted				315,962,619		301,816,884		315,982,578		240,127,169



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)



			For the Six Months Ended June 30,
(Thousands of Dollars)			2013		2012

Operating Activities:
	Net Income		$	403,032	$	146,974
	Adjustments to Reconcile Net Income to Net Cash Flows
		Provided by Operating Activities:
		Depreciation		314,530		225,324
		Deferred Income Taxes		256,294		59,509
		Pension, SERP and PBOP Expense		97,671		97,378
		Pension and PBOP Contributions		(122,826)		(164,294)
		Regulatory Underrecoveries, Net		(4,793)		(54,491)
		Amortization of Regulatory Assets, Net		108,623		31,016
		Amortization of Rate Reduction Bonds		42,581		59,100
		Other		19,932		19,520
	Changes in Current Assets and Liabilities:
		Receivables and Unbilled Revenues, Net		(101,229)		83,395
		Fuel, Materials and Supplies		10,964		40,695
		Taxes Receivable/Accrued, Net		(58,350)		17,709
		Accounts Payable		(127,379)		(176,533)
		Other Current Assets and Liabilities, Net		(70,026)		(64,899)
Net Cash Flows Provided by Operating Activities				769,024		320,403

Investing Activities:
	Investments in Property, Plant and Equipment			(700,252)		(690,376)
	Proceeds from Sales of Marketable Securities			342,251		132,580
	Purchases of Marketable Securities			(424,096)		(143,225)
	Decrease/(Increase) in Special Deposits			65,121		(11,852)
	Other Investing Activities			(843)		23,126
Net Cash Flows Used in Investing Activities				(717,819)		(689,747)

Financing Activities:
	Cash Dividends on Common Shares			(232,069)		(159,708)
	Cash Dividends on Preferred Stock			(3,922)		(3,269)
	(Decrease)/Increase in Short-Term Debt			(720,500)		558,500
	Issuance of Long-Term Debt			1,350,000		300,000
	Retirements of Long-Term Debt			(360,635)		(267,699)
	Retirements of Rate Reduction Bonds			(82,139)		(36,439)
	Other Financing Activities			(11,633)		(117)
Net Cash Flows (Used in)/Provided by Financing Activities				(60,898)		391,268
Net (Decrease)/Increase in Cash and Cash Equivalents				(9,693)		21,924
Cash and Cash Equivalents - Beginning of Period				45,748		6,559
Cash and Cash Equivalents - End of Period			$	36,055	$	28,483

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.

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EVERSOURCE ENERGY - FORM 8-K - EX-99 - BROKER'S STATEMENT - July 29, 2013

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