Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 359

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 359
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1 0.1 Gross Decreases - Prior Year(0.1)— Lapse of Statute of Limitations(9.2)(3.8)Balance as of December 31, 202381.3 25.8 Gross Increases - Current Year14.2 2.9 Gross Increases - Prior Year11.0 — Gross Decreases - Prior Year(0.2)(0.2)Lapse of Statute of Limitations(12.6)(6.6)Balance as of December 31, 2024$93.7 $21.9 Interest and Penalties:  Interest on uncertain tax positions is recorded and generally classified as a component of Other Interest Expense on the statements of income.  However, when resolution of uncertainties results in the Company receiving interest income, any related interest benefit is recorded in Other Income, Net on the statements of income.  No penalties have been recorded.  The amount of interest expense recognized on uncertain tax positions was $1.3 million and $0.3 million for the years ended December 31, 2024 and 2023, respectively.  There was no interest expense/(income) recognized on uncertain tax positions for the year ended December 31, 2022.  Accrued interest payable was $1.7 million and $0.4 million as of December 31, 2024 and 2023, respectively.Tax Positions:  During 2024 and 2023, Eversource did not resolve any of its uncertain tax positions.Open Tax Years:  The following table summarizes Eversource, CL&P, NSTAR Electric, and PSNH's tax years that remain subject to examination by major tax jurisdictions as of December 31, 2024:DescriptionTax YearsFederal   2022 - 2024(1)Connecticut2021 - 2024Massachusetts2022 - 2024New Hampshire2021 - 2024(1)     The Company’s Corporate Income Tax Returns for 2022 and 2023 were reviewed and closed as part of the annual IRS CAP program, with the exception for partnership investments of the Company. The Company was recently informed of an IRS audit of one of the partnership returns for the tax year 2022 and the IRS reserves the right to audit 2023. The Company recorded in the above Unrecognized Tax Benefits a reserve associated with this Partnership audit.