Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 301

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 301
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30, 2026, and the $24.3 million will be recovered over an eight-month period of September 1, 2024 through April 30, 2025.  In addition, PURA approved an incremental $3.5 million of 2024 Innovative Energy Solutions program costs and 

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$1.5 million of Connecticut Green Bank program costs over an eight-month period of September 1, 2024 through April 30, 2025.  These amounts are included in the “Public Benefits” portion of the customer bills in Connecticut.Yankee Gas Distribution Rate Case:  On November 12, 2024, Yankee Gas filed an application with PURA to amend its existing distribution rates for effect on November 1, 2025.  Yankee Gas’s rate application requested approval of a distribution rate increase of $209 million, which included a base distribution rate increase of $274 million partially offset by a reduction of $65 million in the combined Gas System Improvements and System Expansion Reconciliation rates.  In addition, Yankee Gas requested approval to implement a rate credit of $37.4 million to offset the PGA rate for non-firm margin credits over one year beginning November 1, 2025.  As part of the rate case, Yankee Gas proposed to implement a multi-year performance-based rate making plan with a four-year initial term from November 1, 2025 to October 31, 2029 that would adjust rates annually and includes performance metrics.  A final decision by PURA is expected in October 2025.NSTAR Electric Distribution Rates:  NSTAR Electric’s performance based regulation (PBR) mechanism allows for an annual adjustment to base distribution rates for inflation, exogenous events and future capital additions based on a historical five-year average of total capital additions.  On September 16, 2024, NSTAR Electric submitted its annual PBR Adjustment filing for a $55.8 million increase to base distribution rates, for effect on January 1, 2025.  The requested base distribution rate increase is comprised of a $35.3 million inflation-based adjustment and a $20.5 million adjustment for capital additions based on the difference between the historical five-year average of total capital additions and the base capital revenue requirement.  On December 23, 2024, the DPU approved this filing.NSTAR Electric submitted its first annual PBR Adjustment filing on September 15, 2023 and on December 26