XML 107 R79.htm IDEA: XBRL DOCUMENT
v3.25.0.1

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting [Abstract] |
Summary of Segment Information and Segmented Total Assets | Eversource's segment information is as follows:
| For the Year Ended December 31, 2024
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 9,066.5 |  |  | $ | 2,103.9 |  |  | $ | 2,121.0 |  |  | $ | 229.3 |  |  | $ | 1,701.3 |  |  | $ | (3,321.2) |  |  | $ | 11,900.8 |
Depreciation and Amortization | (934.7) |  |  | (216.6) |  |  | (405.1) |  |  | (32.3) |  |  | (198.7) |  |  | 11.0 |  |  | (1,776.4) |
Operations and Maintenance (1) |  |  |  |  |  |  |  |  |  |  |  |  |
Operations, Excluding Storm Costs | (447.3) |  |  | (180.9) |  |  | (135.1) |  |  |  |  |  |  |  |  |
Corporate Shared Services | (457.1) |  |  | (106.1) |  |  | (74.6) |  |  |  |  |  |  |  |  |
Storm Costs | (76.8) |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Employee Benefits | (202.5) |  |  | (76.9) |  |  | (52.7) |  |  |  |  |  |  |  |  |
Uncollectible Expense | (182.8) |  |  | (48.4) |  |  | — |  |  |  |  |  |  |  |  |
Other | (135.9) |  |  | (29.2) |  |  | (71.1) |  |  |  |  |  |  |  |  |
Total Operations and Maintenance | (1,502.4) |  |  | (441.5) |  |  | (333.5) |  |  | (98.7) |  |  | (1,350.5) |  |  | 1,713.7 |  |  | (2,012.9) |
Purchased Power, Purchased Natural Gas and Transmission, Other Taxes and Energy Efficiency (2) | (5,685.3) |  |  | (1,007.1) |  |  | (276.0) |  |  | (26.3) |  |  | (7.6) |  |  | 1,596.5 |  |  | (5,405.8) |
Loss on Pending Sale of Aquarion | — |  |  | — |  |  | — |  |  | (297.0) |  |  | — |  |  | — |  |  | (297.0) |
Operating Income/(Loss) | 944.1 |  |  | 438.7 |  |  | 1,106.4 |  |  | (225.0) |  |  | 144.5 |  |  | — |  |  | 2,408.7 |
Interest Expense | (359.1) |  |  | (99.2) |  |  | (172.4) |  |  | (36.2) |  |  | (662.7) |  |  | 218.3 |  |  | (1,111.3) |
Loss on Offshore Wind Investments | — |  |  | — |  |  | — |  |  | — |  |  | (464.0) |  |  | — |  |  | (464.0) |
Interest Income | 114.6 |  |  | 23.2 |  |  | 0.3 |  |  | 0.1 |  |  | 218.3 |  |  | (218.3) |  |  | 138.2 |
Other Income, Net | 134.7 |  |  | 22.4 |  |  | 50.5 |  |  | 7.2 |  |  | 1,416.9 |  |  | (1,359.4) |  |  | 272.3 |
Income Tax (Expense)/Benefit | (198.0) |  |  | (94.1) |  |  | (257.3) |  |  | 0.2 |  |  | 124.5 |  |  | — |  |  | (424.7) |
Net Income/(Loss) | 636.3 |  |  | 291.0 |  |  | 727.5 |  |  | (253.7) |  |  | 777.5 |  |  | (1,359.4) |  |  | 819.2 |
Net Income Attributable to Noncontrolling Interests | (4.6) |  |  | — |  |  | (2.9) |  |  | — |  |  | — |  |  | — |  |  | (7.5) |
Net Income/(Loss) Attributable to Common Shareholders | $ | 631.7 |  |  | $ | 291.0 |  |  | $ | 724.6 |  |  | $ | (253.7) |  |  | $ | 777.5 |  |  | $ | (1,359.4) |  |  | $ | 811.7 |
Total Assets (as of) | $ | 32,031.9 |  |  | $ | 9,786.7 |  |  | $ | 16,070.9 |  |  | $ | 2,515.8 |  |  | $ | 29,041.1 |  |  | $ | (29,851.9) |  |  | $ | 59,594.5 |
Cash Flows Used for Investments in Plant | $ | 1,807.4 |  |  | $ | 934.5 |  |  | $ | 1,343.3 |  |  | $ | 161.8 |  |  | $ | 233.5 |  |  | $ | — |  |  | $ | 4,480.5 |
| For the Year Ended December 31, 2023
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 8,973.5 |  |  | $ | 2,221.7 |  |  | $ | 1,915.9 |  |  | $ | 232.5 |  |  | $ | 1,636.6 |  |  | $ | (3,069.5) |  |  | $ | 11,910.7 |
Depreciation and Amortization | (18.2) |  |  | (214.2) |  |  | (371.2) |  |  | (56.0) |  |  | (158.8) |  |  | 2.7 |  |  | (815.7) |
Operations and Maintenance (1) |  |  |  |  |  |  |  |  |  |  |  |  |
Operations, Excluding Storm Costs | (418.2) |  |  | (172.8) |  |  | (124.7) |  |  |  |  |  |  |  |  |
Corporate Shared Services | (397.2) |  |  | (103.0) |  |  | (62.5) |  |  |  |  |  |  |  |  |
Storm Costs | (71.1) |  |  | — |  |  | (1.3) |  |  |  |  |  |  |  |  |
Employee Benefits | (175.6) |  |  | (76.6) |  |  | (46.1) |  |  |  |  |  |  |  |  |
Uncollectible Expense | (161.9) |  |  | (64.8) |  |  | — |  |  |  |  |  |  |  |  |
Other | (167.9) |  |  | (27.5) |  |  | (57.4) |  |  |  |  |  |  |  |  |
Total Operations and Maintenance | (1,391.9) |  |  | (444.7) |  |  | (292.0) |  |  | (93.2) |  |  | (1,325.6) |  |  | 1,651.7 |  |  | (1,895.7) |
Purchased Power, Purchased Natural Gas and Transmission, Other Taxes and Energy Efficiency (2) | (6,712.7) |  |  | (1,217.9) |  |  | (258.5) |  |  | (23.9) |  |  | (4.2) |  |  | 1,417.2 |  |  | (6,800.0) |
Operating Income | 850.7 |  |  | 344.9 |  |  | 994.2 |  |  | 59.4 |  |  | 148.0 |  |  | 2.1 |  |  | 2,399.3 |
Interest Expense | (291.7) |  |  | (85.7) |  |  | (163.7) |  |  | (38.5) |  |  | (425.3) |  |  | 149.5 |  |  | (855.4) |
Loss on Offshore Wind Investments | — |  |  | — |  |  | — |  |  | — |  |  | (2,167.0) |  |  | — |  |  | (2,167.0) |
Interest Income | 74.5 |  |  | 18.2 |  |  | 0.4 |  |  | — |  |  | 150.6 |  |  | (149.5) |  |  | 94.2 |
Other Income/(Loss), Net | 136.2 |  |  | 20.4 |  |  | 41.2 |  |  | 5.9 |  |  | (261.8) |  |  | 312.0 |  |  | 253.9 |
Income Tax (Expense)/Benefit | (157.1) |  |  | (73.0) |  |  | (225.8) |  |  | 6.3 |  |  | 289.9 |  |  | — |  |  | (159.7) |
Net Income/(Loss) | 612.6 |  |  | 224.8 |  |  | 646.3 |  |  | 33.1 |  |  | (2,265.6) |  |  | 314.1 |  |  | (434.7) |
Net Income Attributable to Noncontrolling Interests | (4.6) |  |  | — |  |  | (2.9) |  |  | — |  |  | — |  |  | — |  |  | (7.5) |
Net Income/(Loss) Attributable to Common Shareholders | $ | 608.0 |  |  | $ | 224.8 |  |  | $ | 643.4 |  |  | $ | 33.1 |  |  | $ | (2,265.6) |  |  | $ | 314.1 |  |  | $ | (442.2) |
Total Assets (as of) | $ | 29,426.4 |  |  | $ | 8,775.3 |  |  | $ | 14,806.5 |  |  | $ | 2,944.8 |  |  | $ | 26,337.7 |  |  | $ | (26,678.5) |  |  | $ | 55,612.2 |
Cash Flows Used for Investments in Plant | $ | 1,668.1 |  |  | $ | 844.1 |  |  | $ | 1,406.3 |  |  | $ | 167.0 |  |  | $ | 251.3 |  |  | $ | — |  |  | $ | 4,336.8 |
| For the Year Ended December 31, 2022
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Operating Revenues | $ | 9,405.3 |  |  | $ | 2,215.6 |  |  | $ | 1,808.7 |  |  | $ | 222.5 |  |  | $ | 1,435.5 |  |  | $ | (2,798.3) |  |  | $ | 12,289.3 |
Depreciation and Amortization | (970.4) |  |  | (157.6) |  |  | (337.4) |  |  | (50.9) |  |  | (132.6) |  |  | 5.8 |  |  | (1,643.1) |
Operations and Maintenance (1) |  |  |  |  |  |  |  |  |  |  |  |  |
Operations, Excluding Storm Costs | (416.0) |  |  | (182.5) |  |  | (117.7) |  |  |  |  |  |  |  |  |
Corporate Shared Services | (371.0) |  |  | (109.8) |  |  | (58.4) |  |  |  |  |  |  |  |  |
Storm Costs | (74.4) |  |  | — |  |  | (0.1) |  |  |  |  |  |  |  |  |
Employee Benefits | (189.6) |  |  | (79.8) |  |  | (39.6) |  |  |  |  |  |  |  |  |
Uncollectible Expense | (107.3) |  |  | (36.0) |  |  | — |  |  |  |  |  |  |  |  |
Other | (153.0) |  |  | (30.3) |  |  | (72.6) |  |  |  |  |  |  |  |  |
Total Operations and Maintenance | (1,311.3) |  |  | (438.4) |  |  | (288.4) |  |  | (88.4) |  |  | (1,184.6) |  |  | 1,445.8 |  |  | (1,865.3) |
Purchased Power, Purchased Natural Gas and Transmission, Other Taxes and Energy Efficiency (2) | (6,352.4) |  |  | (1,288.6) |  |  | (260.0) |  |  | (23.4) |  |  | (4.5) |  |  | 1,346.2 |  |  | (6,582.7) |
Operating Income | 771.2 |  |  | 331.0 |  |  | 922.9 |  |  | 59.8 |  |  | 113.8 |  |  | (0.5) |  |  | 2,198.2 |
Interest Expense | (253.1) |  |  | (71.4) |  |  | (145.5) |  |  | (34.7) |  |  | (247.8) |  |  | 74.2 |  |  | (678.3) |
Interest Income | 45.1 |  |  | 10.2 |  |  | 0.5 |  |  | — |  |  | 66.3 |  |  | (71.6) |  |  | 50.5 |
Other Income, Net | 180.4 |  |  | 33.6 |  |  | 37.9 |  |  | 8.5 |  |  | 1,600.8 |  |  | (1,565.6) |  |  | 295.6 |
Income Tax (Expense)/Benefit | (146.2) |  |  | (69.2) |  |  | (216.3) |  |  | 3.2 |  |  | (25.1) |  |  | — |  |  | (453.6) |
Net Income | 597.4 |  |  | 234.2 |  |  | 599.5 |  |  | 36.8 |  |  | 1,508.0 |  |  | (1,563.5) |  |  | 1,412.4 |
Net Income Attributable to Noncontrolling Interests | (4.6) |  |  | — |  |  | (2.9) |  |  | — |  |  | — |  |  | — |  |  | (7.5) |
Net Income Attributable to Common Shareholders | $ | 592.8 |  |  | $ | 234.2 |  |  | $ | 596.6 |  |  | $ | 36.8 |  |  | $ | 1,508.0 |  |  | $ | (1,563.5) |  |  | $ | 1,404.9 |
Cash Flows Used for Investments in Plant | $ | 1,172.6 |  |  | $ | 710.3 |  |  | $ | 1,144.0 |  |  | $ | 154.4 |  |  | $ | 260.6 |  |  | $ | — |  |  | $ | 3,441.9 |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Costs of the operations organization include labor and overtime, outside services, vehicles, vegetation management, employee expenses, fees and payments, regulatory assessments, and materials, partially offset by reimbursements. Corporate shared services include corporate centralized functions. Costs within these corporate functions primarily include labor, services by vendors, fees and payments, insurance, and regulatory assessments. Other includes information technology system depreciation at Eversource Service charged to the operating businesses, as well as storm funding, capitalization and various other corporate costs. The segment-level operating expense for information technology system depreciation is eliminated and reflected in depreciation in Eversource’s consolidation. For the water distribution segment, the chief operating decision maker is provided with total operations and maintenance expense information to manage its operations. Operations and maintenance expenses primarily include employee costs, benefits, and outside services. (2) Other segment line items for the electric distribution, electric transmission and natural gas distribution segments primarily include purchased power, purchased natural gas and transmission, taxes other than income taxes including property, payroll-related and Connecticut gross earnings taxes, and energy efficiency program expenses. Other segment line items for the water distribution business primarily include taxes other than income taxes.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration