Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 344

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 344
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 Other Comprehensive Income amounts that have not been recognized as components of net periodic benefit expense as of December 31, 2024 and 2023:Regulatory Assets as of December 31,AOCI as of December 31,(Millions of Dollars)2024202320242023Pension and SERPActuarial Loss$956.1 $1,101.0 $47.7 $56.5 Prior Service Cost1.8 2.9 0.2 0.3 PBOPActuarial Loss$6.4 $49.8 $1.8 $2.4 Prior Service (Credit)/Cost(66.2)(87.4)0.5 0.7 Estimated Future Benefit Payments:  The following benefit payments, which reflect expected future service, are expected to be paid by the Pension, SERP and PBOP Plans:(Millions of Dollars)202520262027202820292030 - 2034Pension and SERP$367.3 $363.3 $369.5 $372.9 $375.4 $1,879.4 PBOP51.3 50.6 49.8 48.9 48.0 223.3 Eversource Contributions:  Based on the current status of the Pension Plans and federal pension funding requirements, for our Eversource Service Pension Plan there is no minimum funding requirement in 2025 and we do not expect to make pension contributions in 2025.  We do not expect to make any contributions to the Eversource Service PBOP Plan in 2025.  Eversource contributed $5.0 million and $0.9 million to the Aquarion Pension and PBOP Plans, respectively, in 2024.Fair Value of Pension and PBOP Plan Assets:  Pension and PBOP funds are held in external trusts.  Trust assets, including accumulated earnings, must be used exclusively for Pension and PBOP payments.  Eversource's investment strategy for its Pension and PBOP Plans is to maximize the long-term rates of return on these plans' assets within an acceptable level of risk.  The investment guidelines for each asset category includes a diversification of asset types, fund strategies and fund managers and it establishes target asset allocations that are routinely reviewed and periodically rebalanced.  PBOP assets are comprised of assets held in the PB