Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 90

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 90
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 on the preferred stock of CL&P and NSTAR Electric totaled $1.9 million for each of the three months ended March 31, 2025 and 2024.  These dividends were presented as Net Income Attributable to Noncontrolling Interests on the Eversource statements of income.  Noncontrolling Interest – Preferred Stock of Subsidiaries on the Eversource balance sheets totaled $155.6 million as of March 31, 2025 and December 31, 2024.  On the Eversource balance sheets, Common Shareholders' Equity was fully attributable to Eversource parent and Noncontrolling Interest – Preferred Stock of Subsidiaries was fully attributable to the noncontrolling interest.

14.    EARNINGS PER SHARE

Basic earnings per share is computed based upon the weighted average number of common shares outstanding during each period.  Diluted earnings per share is computed on the basis of the weighted average number of common shares outstanding plus the potential dilutive effect of certain share-based compensation awards as if they were converted into outstanding common shares.  The dilutive effect of unvested RSU and performance share awards is calculated using the treasury stock method.  RSU and performance share awards are included in basic weighted average common shares outstanding as of the date that all necessary vesting conditions have been satisfied.  For the three months ended March 31, 2025 and 2024, there were no antidilutive share awards excluded from the computation of diluted EPS.The following table sets forth the components of basic and diluted earnings per share:Eversource(Millions of Dollars, except share information)For the Three Months EndedMarch 31, 2025March 31, 2024Net Income Attributable to Common Shareholders$550.8 $521.8 Weighted Average Common Shares Outstanding:  Basic367,320,246 350,717,114 Dilutive Effect357,372 280,106 Diluted367,677,618 350,997,220 Basic and Diluted Earnings Per Common Share$1.50 $1.49 

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15.    REVENUES

The following tables present operating revenues disaggregated by revenue source:For the Three Months Ended March 31, 2025Eversource(Millions of Dollars)ElectricDistributionNatural Gas DistributionElectric TransmissionWater DistributionOtherEliminationsTotalRevenues from Contracts with CustomersRetail Tariff SalesRes