Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 154

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 154
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153.6 — — Retail transmission39.5 66.9 — — Other distribution tracking mechanisms5.8 58.1 1.1 68.6 Wholesale Market Sales Revenue23.2 205.6 13.9 18.0 

Fluctuations in retail tariff tracked revenues are driven by adjustments to retail rates to recover costs and changes in sales volumes.

The decrease in energy supply procurement within electric distribution for the three month period was driven by lower average prices and lower average supply-related sales volumes.  The decrease in energy supply procurement within electric distribution for the six month period was driven by lower average prices, partially offset by higher average supply-related sales volumes.  The increase in energy supply procurement within natural gas distribution for the three month period was driven by higher average prices, partially offset by lower average supply-related sales volumes.  The increase in energy supply procurement within natural gas distribution for the six month period was driven by higher average prices and higher average supply-related sales volumes.

The increase in CL&P’s NBFMCC revenues was driven by an increase in the retail Non-Bypassable Federally Mandated Congestion Charge (NBFMCC) rate.  The CL&P NBFMCC rate includes the recovery of costs incurred under long-term state mandated energy purchase contracts with the Millstone and Seabrook nuclear power plants, net of the benefits received from selling this energy into the ISO-NE wholesale market.  Effective September 1, 2023, CL&P’s average NBFMCC rate changed to $0.00293 per kWh.  As a result of the April 2024 interim decision in the 2024 CL&P RAM filing, the average NBFMCC rate increased to $0.03906 per kWh effective July 1, 2024.  As a result of the August final decision in the 2024 CL&P RAM filing, the average NBFMCC rate increased to $0.04290 per kWh effective September 1, 2024.  The rate increases primarily resulted from higher net costs associated with power purchase agreements with the Millstone and Seabrook nuclear power plants. 

The increase in electric distribution wholesale market sales revenue for the three and six month periods was due primarily to higher average electricity market prices received for wholesale sales at CL&P.  ISO-NE average market prices received for CL&P’s wholesale sales increased to an average price of $39.07 per MWh and