Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 23

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 23
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) requirements, which generally require fixed percentages of our energy supply to come from renewable energy sources such as solar, wind, hydropower, landfill gas, fuel cells and other similar sources.

Connecticut's RPS statute requires increasing percentages of the electricity sold to retail customers to have direct ties to renewable sources.  In 2024, the total RPS obligation was 37.0 percent and will ultimately reach 48.0 percent in 2030.  CL&P is permitted to recover any costs incurred in complying with RPS from its customers through its generation service charge rate.

Massachusetts' RPS program requires electricity suppliers to meet renewable energy standards.  For 2024, the RPS and Clean Energy Standard (CES) requirements were 62.3 percent, and will ultimately reach 63.1 percent in 2025.  Massachusetts electric suppliers were also required to meet Alternative Energy Portfolio Standards (APS) of 6.0 percent and Clean Peak Energy Standards (CPS) of 4.0 percent in 2024.  Those requirements will reach 6.25 and 5.5 percent in 2025, respectively.  NSTAR Electric is permitted to recover any costs incurred in complying with these requirements from its customers through rates.  NSTAR Electric also owns renewable solar power facilities.  The RECs generated from NSTAR Electric's solar power facilities are sold to other energy suppliers, and the proceeds from these sales are credited back to customers.

New Hampshire's RPS provision requires increasing percentages of the electricity sold to retail customers to have direct ties to renewable sources.  In 2024, the total RPS obligation was 24.3 percent and it will ultimately reach 25.2 percent in 2025.  The costs of the RECs are recovered by PSNH through rates charged to customers.

Environmental Regulation and Matters

We are subject to various federal, state and local environmental legislation and regulation with respect to water quality, air quality, natural/working lands (wetlands, water resource areas that include land that borders a body of water, plant/animal habitat), hazardous materials and other environmental matters.  Our environmental policy includes formal procedures and a task-scheduling system in place to help ensure environmental compliance.  The Governance, Environmental and Social Responsibility Committee of Eversource’s Board of Trustees also provides oversight of climate issues, environmental matters and compliance.  We also identify and address potential environmental risks through our Enterprise Risk Management (ERM) program in addition to rigorous audits of our