Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 31

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 31
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 $107.3 million into base rates, as well as other non-GSEP plant additions totaling $45.0 million.  

On October 29, 2025, the DPU issued a decision determining that NSTAR Gas was not eligible to increase its distribution rates for the rate base reset because it did not achieve certain performance metrics under its PBR plan.  For the rate-base reset, the DPU did not allow the incorporation of non-GSEP plant additions into base rates, which would have resulted in a base rate increase of $45.0 million.  The decision stated that these investments can be considered for inclusion in base distribution rates in NSTAR Gas’s next base rate proceeding.  The DPU did allow NSTAR Gas to transfer its GSEP revenues through 2024 of $107.3 million for recovery through base distribution rates effective November 1, 2025.  The DPU approved the base distribution rate increase of $10.3 million for the inflation-based adjustment.  The DPU also approved NSTAR Gas’ mitigation proposal, in which NSTAR Gas will pause recovery of the Gas System Enhancement Adjustment Factor (GSEAF) and reduce the current GSEAF to zero on November 1, 2025 in order to align this decrease with the base rate increase and to mitigate November 1, 2025 bill impacts to customers. NSTAR Gas will begin to recover the remaining 2025 GSEP revenue requirement on May 1, 2026 over 18 months.  On November 4, 2025, NSTAR Gas filed a motion requesting the DPU to reconsider its decision denying the rate base reset citing legal concerns and arguing that the decision will ultimately result in higher costs for customers.

NSTAR Electric and EGMA Settlement:  On November 3, 2025, EGMA, NSTAR Electric, and the Massachusetts Attorney General’s Office reached a settlement agreement that resolves outstanding issues in multiple open Pension Adjustment Mechanism (PAM) dockets and open Resiliency Tree Work (RTW) dockets and allows recovery of transaction and integration costs related to Eversource’s acquisition of EGMA.  The settlement agreement is contingent upon approval from the DPU, which is requested in the fourth quarter of 2025.  If approved by the DPU, certain PAM and RTW collections totaling $20.0 million would be refunded to customers over a one-year period beginning January 1, 2026 and the transaction and integration costs of $82.