Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 322

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 322
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 unsecured debt that CL&P may incur, including limiting unsecured indebtedness with a maturity of less than 10 years to 10 percent of total capitalization.  As of December 31, 2024, CL&P had $901.0 million of unsecured debt capacity available under this authorization. Yankee Gas, NSTAR Gas and EGMA are not required to obtain approval from any state or federal authority to incur short-term debt.Short-Term Debt - Commercial Paper Programs and Credit Agreements:  Eversource parent has a $2.00 billion commercial paper program allowing Eversource parent to issue commercial paper as a form of short-term debt.  Eversource parent, CL&P, PSNH, NSTAR Gas, Yankee Gas, EGMA and Aquarion Water Company of Connecticut are parties to a five-year $2.00 billion revolving credit facility, which terminates on October 11, 2029.  This revolving credit facility serves to backstop Eversource parent's $2.00 billion commercial paper program.NSTAR Electric has a $650 million commercial paper program allowing NSTAR Electric to issue commercial paper as a form of short-term debt.  NSTAR Electric is also a party to a five-year $650 million revolving credit facility, which terminates on October 11, 2029, that serves to backstop NSTAR Electric's $650 million commercial paper program.The amount of borrowings outstanding and available under the commercial paper programs were as follows:Borrowings Outstanding as of December 31,Available Borrowing Capacity as of December 31,Weighted-Average Interest Rate as of December 31,(Millions of Dollars)202420232024202320242023Eversource Parent Commercial Paper Program $1,538.0 $1,771.9 $462.0 $228.1 4.76 %5.60 %NSTAR Electric Commercial Paper Program 504.8 365.8 145.2 284.2 4.55 %5.40 %There were no borrowings outstanding on the revolving credit facilities as of December 31, 2024 or 2023.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 2025, September 2025 or October 2025.  There are no borrowings outstanding on either the CL&P or PSNH uncommitted line of credit agreements as