Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 354

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 354
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)— Income Tax Expense$194.5 $190.6 $70.2 $170.9 $153.0 $59.0 $171.2 $140.0 $51.3 

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A reconciliation between income tax expense and the expected tax expense at the statutory rate is as follows:Eversource(Millions of Dollars, except percentages)For the Years Ended December 31,202420232022Income/(Loss) Before Income Tax Expense$1,243.8 $(275.0)$1,866.0 Statutory Federal Income Tax Expense at 21%261.2 (57.7)391.9 Tax Effect of Differences:  Depreciation(22.6)(25.8)(17.1)Investment Tax Credit Amortization(2.1)(2.1)(2.6)Other Federal Tax Credits(67.0)(42.5)— State Income Taxes, Net of Federal Impact43.2 (11.4)75.9 Dividends on ESOP(5.5)(5.3)(5.1)Tax Asset Valuation Allowance/Reserve Adjustments278.6 295.8 51.6 Tax Deficiency/(Excess Stock Benefit)2.3 0.5 (2.1)EDIT Amortization(37.0)(51.5)(49.1)Other, Net(26.4)59.7 10.2 Income Tax Expense$424.7 $159.7 $453.6 Effective Tax Rate34.1 %(58.1)%24.3 % For the Years Ended December 31, 202420232022(Millions of Dollars, except percentages)CL&PNSTARElectricPSNHCL&PNSTARElectricPSNHCL&PNSTARElectricPSNHIncome Before Income Tax Expense$707.1 $826.9 $285.1 $689.6 $697.5 $254.7 $704.1 $632.4 $222.9 Statutory Federal Income Tax Expense at 21%148.5 173.7 59.9 144.9 146.5 53.5 147.9 132.8 46.8 Tax Effect of Differences:         Depreciation0.4 (10.