Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 185

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 185
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.2 — — CL&P SBC143.7 — — Retail transmission8.9 99.7 44.3 Energy efficiency0.7 (14.6)(5.2)Other distribution tracking mechanisms56.2 78.1 (36.0)Wholesale Market Sales Revenue219.5 34.8 (1.9)

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 at CL&P for the nine month period was driven by lower average prices, partially offset by higher average supply-related sales volumes.  The decrease in energy supply procurement at NSTAR Electric for the nine month period was driven by lower average supply-related sales volumes and lower average prices.  The decrease in energy supply procurement at PSNH for the nine month period was driven by lower average supply-related sales volumes, partially offset by higher average prices.

The variance in CL&P’s NBFMCC revenues for the nine month period was driven by changes in the retail 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.  The rate changes primarily resulted from the timing of recovery of net costs associated with power purchase agreements with the Millstone and Seabrook nuclear power plants.  The average NBFMCC rates are as follows:

Effective DateSeptember 1, 2023July 1, 2024September 1, 2024May 1, 2025September 1, 2025Average NBFMCC Rate$0.00293 $0.03906 $0.04290 $0.02109 $0.01675 

The increase in electric distribution wholesale market sales revenue for the nine month period 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 $64.09 per MWh for the nine months ended September 30, 2025, as compared to $34.89 per MWh for the same period in 2024, driven primarily by higher natural gas prices in New England.  Volumes sold into the market were primarily from the