Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 288

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 288
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 related components of pension, SERP and PBOP benefit income/expense, after capitalization or deferral, are presented as non-operating income and recorded in Other Income, Net on the statements of income.

94

(2)    Equity in Earnings of Unconsolidated Affiliates includes $23.4 million of pre-tax income recorded at Eversource in the second quarter of 2024 from Eversource’s wind equity method investment, North East Offshore, as a result of a vendor settlement agreement payment received by the joint venture.  In the third quarter of 2024, Eversource sold its equity method investments in three offshore wind projects.  In March 2023, Eversource’s equity method investment in a renewable energy fund was liquidated.  Liquidation proceeds in excess of the carrying value were recorded in 2023 within Other in the table above.  For the year ended December 31, 2022, pre-tax income of $12.2 million associated with the renewable energy fund investment was included in Equity in Earnings of Unconsolidated Affiliates within Other Income, Net in the table above.  See Note 6, “Investments in Unconsolidated Affiliates,” for further information on the 2024 sales of the offshore wind investments and the 2023 liquidation of the renewable energy fund.M.         Other TaxesEversource's companies that serve customers in Connecticut collect gross receipts taxes levied by the state of Connecticut from their customers.  These gross receipts taxes are recorded separately with collections in Operating Revenues and with payments in Taxes Other Than Income Taxes on the statements of income as follows: For the Years Ended December 31,(Millions of Dollars)202420232022Eversource$209.4 $202.9 $194.7 CL&P185.1 174.9 166.1 As agents for state and local governments, Eversource's companies that serve customers in Connecticut and Massachusetts collect certain sales taxes that are recorded on a net basis with no impact on the statements of income.  N.     Supplemental Cash Flow InformationEversource(Millions of Dollars)As of and For the Years Ended December 31,202420232022Cash Paid/(Received) During the Year for:  Interest, Net of Amounts Capitalized$1,014.4 $783.2 $636.2