10-Q/APeriod: Q2 FY2012

EVERSOURCE ENERGY Quarterly Report (Amendment) for Q2 Ended Jun 30, 2012

Filed August 8, 2012For Securities:ES

Summary

Eversource Energy, operating as Northeast Utilities (NU) and its subsidiaries, filed an amendment to its quarterly report for the period ending June 30, 2012. This amendment (10-Q/A) primarily serves to correct and resubmit the XBRL financial data, ensuring proper formatting for regulatory compliance. No substantive changes to the financial or operational disclosures from the original August 7, 2012 filing are made in this amendment. Investors should refer to the original 10-Q for detailed financial performance, strategic initiatives, and risk factors. The filing confirms that Northeast Utilities and its operating companies (The Connecticut Light and Power Company, NSTAR Electric Company, Public Service Company of New Hampshire, and Western Massachusetts Electric Company) are not shell companies and have met their filing requirements. The amendment's core purpose is technical, addressing the electronic submission of financial information without altering the underlying reported figures or narrative disclosures. Therefore, the financial health and operational insights remain as presented in the initial Form 10-Q.

Financial Highlights

47 data points
Beta

Revenue

$1.63B

Net Income

$46.20M

2.8% Net Margin

EPS (Diluted)

$0.15

Total Assets

$27.51B

Cash & Equivalents

$28.48M

Free Cash Flow

-$74.50M

Financial Statements
Beta
Revenue$1.63B
Operating Expenses$1.47B
Operating Income$159.50M
Interest Expense$89.05M
Net Income$46.20M
EPS (Basic)$0.15
EPS (Diluted)$0.15
Shares Outstanding (Basic)301.05M
Shares Outstanding (Diluted)301.82M

Key Highlights

  • 1Amendment to Quarterly Report (10-Q/A) filed to correct XBRL financial data submission.
  • 2No substantive changes made to the original financial or operational disclosures from the Form 10-Q filed on August 7, 2012.
  • 3The amendment focuses on the technical resubmission of eXtensible Business Reporting Language (XBRL) information.
  • 4Northeast Utilities and its subsidiaries (CL&P, NSTAR Electric, PSNH, WMECO) confirmed they are not shell companies.
  • 5All listed registrants have submitted all required reports for the preceding 12 months and have been subject to filing requirements for the past 90 days.
  • 6The companies have submitted and posted required Interactive Data Files electronically.
  • 7Lists outstanding shares as of July 31, 2012, for Northeast Utilities and its subsidiaries.

Frequently Asked Questions

The primary purpose of this Amendment No. 1 is to correct and resubmit the eXtensible Business Reporting Language (XBRL) financial information that was included in Exhibit 101 of the original Form 10-Q. This was necessary due to an issue with the XBRL data not properly merging in the initial electronic transmission.

No, this amendment does not introduce any new financial results or operational updates. It solely addresses a technical issue with the XBRL filing. All substantive disclosures regarding the company's financial performance, business, and risks remain as presented in the original Form 10-Q filed on August 7, 2012.

XBRL (eXtensible Business Reporting Language) is a standard for the electronic tagging of financial data, making it easier for investors and analysts to access, process, and analyze financial information. The correction ensures that the company's financial data is accurately and properly presented in the required electronic format for regulatory filings.

No, this filing explicitly states that Northeast Utilities and its operating companies (The Connecticut Light and Power Company, NSTAR Electric Company, Public Service Company of New Hampshire, and Western Massachusetts Electric Company) are not shell companies. It also confirms they have met all reporting requirements.