Northeast Utilities posted modest fourth-quarter profits, but saw its annual net income rise 50 percent, following its merger with Boston-based NStar last May, the utility reported.
Net income for the quarter ended Dec. 31 was $177.4 million, up 1.5 percent from $174.7 million a year ago.
Operating revenue for the quarter ticked up to $1.78 billion from $1.68 billion in the year ago period.
The quarter included $3.2 million in after-tax costs related to the NStar merger, compared to $2.1 million in the final quarter of 2012.
Those costs shaved a penny from the recent quarter’s earnings per share of 56 cents.
For the year, profits were $786 million, or $2.49 per share, up from $525.9 million, or $1.89, in 2012.
The company expects earnings per share of between $2.60 and $2.75 this year.
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