Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 239

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 239
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 timing of cash payments made on our accounts payable.  The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets on the statements of cash flows.  These unfavorable impacts were partially offset by a $9.1 million decrease in cost of removal expenditures and the timing of other working capital items.

PSNH had cash flows provided by operating activities of $321.3 million in 2024, as compared to $32.0 million in 2023.  The increase in operating cash flows was due primarily to an improvement in regulatory recoveries driven by the timing of collections for stranded costs, net metering and other regulatory tracking mechanisms, the timing of cash payments made on our accounts payable, and the timing of other working capital items.  The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets/(Liabilities) on the statements of cash flows.  These favorable impacts were partially offset by the timing of cash collections on our accounts receivable, a $23.9 million decrease in income tax refunds received in 2024 compared to 2023, a $5.6 million increase in cash payments to vendors for storm costs, and a $2.5 million increase in cost of removal expenditures.

For further information on CL&P's, NSTAR Electric's and PSNH's liquidity and capital resources, see "Liquidity" and "Business Development and Capital Expenditures" included in this Management's Discussion and Analysis of Financial Condition and Results of Operations.

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