Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 310

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 310
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 balance sheet.  As of December 31, 2023, these equity securities totaled $3.3 million and there were unrealized gains of $0.6 million recorded in Other Income, Net in 2023.  For further information, see Note 24, “Assets Held for Sale.”Available-for-Sale Debt Securities:  The following is a summary of available-for-sale debt securities, which are held in CYAPC’s and YAEC’s spent nuclear fuel trusts: As of December 31, 20242023Eversource(Millions of Dollars)AmortizedCostPre-TaxUnrealizedGainsPre-TaxUnrealizedLossesFair ValueAmortizedCostPre-TaxUnrealizedGainsPre-TaxUnrealizedLossesFair ValueDebt Securities$163.2 $0.1 $(6.1)$157.2 $169.5 $1.4 $(6.6)$164.3 Unrealized gains and losses for available-for-sale debt securities included in the CYAPC and YAEC spent nuclear fuel trusts are subject to regulatory accounting treatment and are recorded in Marketable Securities with the corresponding offset to long-term liabilities on the balance sheets, with no impact on the statements of income.    

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Any unrealized gains and losses on available-for-sale debt securities held in other trusts are recorded in Accumulated Other Comprehensive Income, excluding amounts related to credit losses or losses on securities intended to be sold, which are recorded in Other Income, Net.  The debt securities within Eversource’s non-qualified executive benefits trusts were sold during 2023.  There were $1.2 million of realized losses recorded on securities sold for the year ended December 31, 2023 that were reclassified out of Accumulated Other Comprehensive Income and recorded in Other Income, Net.  There were no credit losses for the years ended December 31, 2024 and 2023, and no allowance for credit losses as of December 31, 2024.  Factors considered in determining whether a credit loss exists include adverse conditions specifically affecting the issuer, the payment history, ratings and rating changes of the security, and the severity of the impairment.  For asset-backed debt securities, underlying collateral and expected future cash flows are also evaluated. As of December 31, 2024, the contractual maturities of available-for-sale debt securities were as follows:    Eversource(Millions of