Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 71

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 71
---
 liabilities for CYAPC and YAEC and are recorded in Other Income, Net for Eversource's benefit trusts.  Eversource utilizes the average cost basis method for the CYAPC and YAEC spent nuclear fuel trusts.Fair Value Measurements:  The following table presents the marketable securities recorded at fair value on a recurring basis by the level in which they are classified within the fair value hierarchy:Eversource(Millions of Dollars)As of March 31, 2025As of December 31, 2024Level 1:    Mutual Funds and Equities$163.8 $163.1 Money Market Funds9.5 10.0 Total Level 1$173.3 $173.1 Level 2:  U.S. Government Issued Debt Securities (Agency and Treasury)$91.0 $92.0 Corporate Debt Securities37.9 32.5 Asset-Backed Debt Securities8.5 7.8 Municipal Bonds6.8 6.8 Other Fixed Income Securities6.6 8.1 Total Level 2$150.8 $147.2 Total Marketable Securities$324.1 $320.3 U.S. government issued debt securities are valued using market approaches that incorporate transactions for the same or similar bonds and adjustments for yields and maturity dates.  Corporate debt securities are valued using a market approach, utilizing recent trades of the same or similar instruments and also incorporating yield curves, credit spreads and specific bond terms and conditions.  Asset-backed debt securities include collateralized mortgage obligations, commercial mortgage backed securities, and securities collateralized by auto loans, credit card loans or receivables.  Asset-backed debt securities are valued using recent trades of similar instruments, prepayment assumptions, yield curves, issuance and maturity dates, and tranche information.  Municipal bonds are valued using a market approach that incorporates reported trades and benchmark yields.  Other fixed income securities are valued using pricing models, quoted prices of securities with similar characteristics, and discounted cash flows.

6.    SHORT-TERM AND LONG-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