Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 140

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 140
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 Yankee Gas’ capital structure.  

•On July 25, 2025, the NHPUC issued its decision in the PSNH distribution rate case and approved a permanent rate increase of $100.7 million, effective August 1, 2025, inclusive of the temporary rate increase that went into effect in August 2024.  The order established an authorized regulatory ROE of 9.5 percent with a 50 percent common equity ratio for PSNH’s capital structure.  The NHPUC approved an  alternative regulatory framework that authorizes formulaic annual revenue adjustments on August 1st of 2026, 2027 and 2028.  PSNH is required to file its next base distribution rate case for effect in June 2029 and committed not to file its next distribution rate case until 2029.   The alternative regulatory framework calculates the annual revenue adjustment using a productivity factor and an adjustment for inflation to provide PSNH with increased revenue for operations, and also contains an exogenous events recovery mechanism, a performance metric, and an earnings sharing mechanism. 

Earnings Overview

Consolidated:  Below is a summary of our earnings/(loss) by business, which also reconciles the non-GAAP financial measures of consolidated non-GAAP earnings and EPS, as well as EPS by business, to the most directly comparable GAAP measures of consolidated Net Income/(Loss) Attributable to Common Shareholders and diluted EPS.

 For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024(Millions of Dollars, Except Per Share Amounts)AmountPer ShareAmountPer ShareAmountPer ShareAmountPer ShareNet Income/(Loss) Attributable to Common   Shareholders (GAAP)$367.5 $0.99 $(118.1)$(0.33)$1,271.1 $3.44 $739.1 $2.08 Regulated Companies$409.2 $1.10 $371.9 $1.04 $1,438.3 $3.89 $1,286.4 $3.62 Eversource Parent and Other Companies (Non-GAAP)33.3 0.09 34.0 0.09 (92.2)(0.25)(23.3)(0.06)Non-GAAP Earnings$442.5 $1.19 $405.