Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 236

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 236
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 long-term debt as a result of debt issuances ($26.0 million), an increase in interest expense on regulatory deferrals ($5.8 million), higher interest on short-term notes payable due to increased borrowings ($4.6 million) and higher amortization of debt discounts and premiums, net ($0.9 million), partially offset by an increase in capitalized AFUDC related to debt funds ($0.4 million).

•The increase at NSTAR Electric was due to higher interest on long-term debt as a result of debt issuances ($23.2 million), an increase in interest expense on regulatory deferrals ($11.8 million), higher interest on short-term notes payable due to increased borrowings ($7.8 million) and higher amortization of debt discounts and premiums, net ($0.6 million), partially offset by an increase in capitalized AFUDC related to debt funds ($10.0 million).

•The increase at PSNH was due primarily to higher interest on long-term debt as a result of a debt issuance ($14.8 million), partially offset by a decrease in interest expense on regulatory deferrals ($4.3 million), an increase in capitalized AFUDC related to debt funds ($2.8 million), a decrease in RRB interest expense ($1.4 million), lower interest on short-term notes payable ($0.8 million) and lower amortization of debt discounts and premiums, net ($0.6 million).

Other Income, Net - the variance is due primarily to the following:

•The increase at CL&P was due primarily to an increase in interest income primarily on regulatory deferrals ($19.3 million), an increase in capitalized AFUDC related to equity funds ($2.4 million) and a decrease in investment losses driven by market volatility ($1.0 million), partially offset by a decrease related to pension, SERP and PBOP non-service income components ($6.7 million). 

•The increase at NSTAR Electric was due primarily to an increase in interest income primarily on regulatory deferrals ($16.4 million), an increase in capitalized AFUDC related to equity funds ($13.1 million) and investment income in 2024 compared to investment losses in 2023 driven by market volatility ($2.1 million), partially offset by a decrease related to pension, SERP and PBOP non-service income components ($4.6 million).

•The increase at PSNH was due primarily to an increase in interest income primarily on regulatory deferrals ($4.3 million), an increase in