Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 147

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 147
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 credit facility.  Effective October 11, 2025, the revolving credit facility’s termination date was extended for one additional year to October 11, 2030, pursuant to the extension provisions contained in the existing credit agreement.  This revolving credit facility serves to backstop NSTAR Electric's $650.0 million commercial paper program.

The amount of borrowings outstanding and available under the commercial paper programs were as follows:

Borrowings Outstanding as ofAvailable Borrowing Capacity as ofWeighted-Average Interest Rate as ofSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024September 30, 2025December 31, 2024(Millions of Dollars)Eversource Parent Commercial Paper Program $1,038.5 $1,538.0 $961.5 $462.0 4.50 %4.76 %NSTAR Electric Commercial Paper Program 479.0 504.8 171.0 145.2 4.30 %4.55 %

There were no borrowings outstanding on the revolving credit facilities as of September 30, 2025 and December 31, 2024.

CL&P and PSNH have uncommitted line of credit agreements totaling $375 million and $250 million, respectively, all of which will expire in either May 2026, September 2026 or October 2026.  There are no borrowings outstanding on either the CL&P or PSNH uncommitted line of credit agreements as of September 30, 2025 and December 31, 2024.

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Amounts outstanding under the commercial paper programs are included in Notes Payable and classified in current liabilities on the Eversource and NSTAR Electric balance sheets, as all borrowings are outstanding for no more than 364 days at one time.  

Intercompany Borrowings:  Eversource parent uses its available capital resources to provide loans to its subsidiaries to assist in meeting their short-term borrowing needs.  Eversource parent records intercompany interest income from its loans to subsidiaries, which is eliminated in consolidation.  Intercompany loans from Eversource parent to its subsidiaries are eliminated in consolidation on Eversource's balance sheets.   As of September 30, 2025 and December 31, 2024, there were intercompany loans from Eversource parent to PSNH of $8.1 million and $131.1 million