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NU Reports Year-End 2012 Results

Three months ended:

(in millions, except EPS)    

December 31,

2012
   

December 31, 2011
   

Increase/ (Decrease)
   

2012 EPS 1
Electric Distribution/Generation     $ 80.3       $ 54.2       $ 26.1       $ 0.25  
Natural Gas Distribution     $ 22.5       $ 11.0       $ 11.5       $ 0.07  
Electric Transmission     $ 68.6       $ 71.2         ($2.6 )     $ 0.22  
NU Parent and Other Companies,

ex. merger expenses
   

$

5.4
       

($4.0

)
   

$

9.4
     

$

0.02
 
Earnings, ex. merger impacts     $ 176.8       $ 132.4       $ 44.4       $ 0.56  
Merger impacts       ($2.1 )       ($1.2 )       ($0.9 )       ($0.01 )
CL&P storm fund       ---         ($17.9 )     $ 17.9         ---  
Reported Earnings     $ 174.7       $ 113.3       $ 61.4       $ 0.55  

12 months ended:
(in millions, except EPS)    

December 31, 2012
   

December 31, 2011
   

Increase/ (Decrease)
   

2012 EPS 1
Electric Distribution/Generation,

ex. rate credits and storm costs

write-down
   

 

$

 

343.4
     

 

$

 

207.0
     

 

$

 

136.4
     

 

$

 

1.23
 
Natural Gas Distribution, ex. rate

Credits
   

$

32.9
     

$

31.7
     

$

1.2
     

$

0.12
 
Electric Transmission     $ 249.7       $ 199.6       $ 50.1       $ 0.90  
NU Parent and Other Companies,

ex. merger costs
   

$

7.5
       

($14.4

)
   

$

21.9
     

$

0.03
 
Earnings, ex. merger impacts     $ 633.5       $ 423.9       $ 209.6       $ 2.28  
Merger impacts       ($107.6 )       ($11.3 )       ($96.3 )       ($0.39 )
CL&P storm fund       ---         ($17.9 )     $ 17.9         ---  
Reported Earnings     $ 525.9       $ 394.7       $ 131.2       $ 1.89  

Retail sales data:

 
   

December 31, 2012
   

December 31, 2011
   

% Change Actual
   

% Change Weather Norm.
Electric distribution                        
Gwh for three months ended*     13,111     12,958     1.2 %     0.0 %
Gwh for 12 months ended*     54,808     55,314     (0.9 %)     (0.2 %)
                         
Natural Gas Distribution                        
Firm volumes in mmcf for three

months ended**
   

27,492
   

24,955
   

10.2

%
   

2.4

%
Firm volumes in mmcf for 12

months ended**
   

87,527
   

92,363
   

(5.2

%)
   

2.7

%

* Pre-merger sales data for NSTAR Electric are included for illustrative purposes.

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