Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 163

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 163
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 in Regulatory Recoveries within operating activities on CL&P’s statement of cash flows.

Yankee Gas Distribution Rate Case:  On November 12, 2024, Yankee Gas filed an application with PURA to amend its existing distribution rates for effect on November 1, 2025.  Yankee Gas had subsequently amended its rate application to request approval of a distribution rate increase of $193 million.  On September 22, 2025, PURA issued a proposed final (draft) decision in Yankee Gas’s distribution rate case that included a distribution rate increase of $55.6 million, effective November 1, 2025. 

On November 5, 2025, PURA issued a final decision in the Yankee Gas distribution rate case that included a distribution rate increase of $82.2 million and a total distribution revenue requirement of $802.2 million, effective November 1, 2025.  The approved revenue requirement includes a previously recorded rate credit of $37.4 million plus carrying charges for non-firm margin credits over three years beginning November 1, 2025.  Excluding the rate credit, the distribution rate increase totaled $95.7 million.  The final decision also established an authorized net regulatory ROE of 9.32 percent, adopting a 9.48 percent ROE net of certain reductions totaling 16 basis points, and a 53 percent common equity ratio for Yankee Gas’ capital structure.  PURA declined to approve the multi-year performance-based rate making plan that would adjust rates annually as proposed by Yankee Gas.  PURA also implemented an annual cap on cost recovery of aging infrastructure replacement spending in the Distribution Integrity Management Program rate mechanism of $139.9 million, in which spending above the annual cap will be deferred for recovery until the next distribution rate case.  Yankee Gas is evaluating the need to file a motion for reconsideration within 15 days and an appeal within 45 days of the decision.

Aquarion Water Company of Connecticut Distribution Rate Case:  On August 29, 2022, Aquarion Water Company of Connecticut (AWC-CT) filed an application with PURA to amend its existing rate schedules to address an operating revenue deficiency.  AWC-CT’s rate application requested approval of rate increases of $27.5 million, an additional $13.6 million, and an additional $8.8 million, effective March 15, 2023, 2024, and 2025, respectively.  On