Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 52

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 52
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23.4 million at PSNH for the nine month period.

63

Purchased Power and Transmission expense includes costs associated with providing electric generation service supply to all customers who have not migrated to third party suppliers, the cost of energy purchase contracts entered into as required by regulation, and transmission costs.  These energy supply procurement costs, other energy-related costs, and transmission costs are recovered from customers in rates through commission-approved cost tracking mechanisms, which have no impact on earnings (tracked costs).  The variance in Purchased Power and Transmission expense is due primarily to the following: 

(Millions of Dollars)CL&PNSTAR ElectricPSNHEnergy supply procurement costs$(86.6)$(79.4)$(5.7)Other electric distribution costs14.3 87.9 4.0 Transmission costs4.5 98.8 42.4 Eliminations(38.7)(56.5)(23.4)Total Purchased Power and Transmission$(106.5)$50.8 $17.3 

The variance in energy supply procurement costs is offset in Operating Revenues (tracked energy supply procurement revenues).  The variance in other electric distribution costs at NSTAR Electric is due to an increase in the long-term renewable energy purchase contract cost deferral and higher net metering costs, at CL&P is due to higher long-term contractual energy-related costs and the cost of renewable energy credits that are recovered in the non-bypassable component of the FMCC mechanism, and at PSNH is due to higher net metering costs.

Included in transmission costs are charges that recover the cost of transporting electricity over high-voltage lines from generation facilities to substations, including costs allocated by ISO-NE to maintain the wholesale electric system.

•The increase in transmission costs at CL&P was due primarily to an increase in costs billed by ISO-NE that support regional grid investments and an increase in Local Network Service charges, which reflect the cost of transmission service provided by Eversource over our local transmission network.  These increases were partially offset by a decrease resulting from the retail transmission cost deferral, which reflects the actual costs of transmission service compared to estimated amounts billed to customers.

•The increase in transmission costs at NSTAR Electric was due primarily to an increase in costs billed by ISO-NE that support regional grid investments and an increase in the retail transmission cost deferral.  These increases were partially offset by a decrease in Local Network Service charges.

•The increase in transmission costs at PSNH was due primarily to an