Now mostly free of the charges associated with its April 2012 merger with NStar, Northeast Utilities (NU) nearly tripled its profits in the second quarter, it reported.
The company, which is also the parent of Connecticut Light & Power, said its $171-million profit was up from $44.3 million in the same quarter a year ago, which was when its merger closed, bringing along with it an after-tax charge of $91.5 million.
For the first half of 2013, NU earned $399.1 million, compared $143.6 million in the first half of 2012.
Due to the timing of the merger, NU’s six-month results from last year exclude NSTAR’s first quarter 2012 earnings.
