Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 379

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 379
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 — As of December 31, 2024, there are no lease agreements for Eversource, CL&P, NSTAR Electric or PSNH which have been executed but have yet to commence and have not been recorded as right-of-use assets.

133

Future minimum lease payments, excluding variable costs, under long-term leases, as of December 31, 2024 are as follows:Operating LeasesFinance Leases(Millions of Dollars)EversourceCL&PNSTAR ElectricPSNHEversourceCL&PNSTAR ElectricYear Ending December 31,2025$12.5 $2.6 $4.9 $1.9 $8.3 $2.3 $0.7 202611.0 2.3 4.9 1.5 7.9 2.4 0.7 20277.0 1.8 2.9 0.1 7.9 2.5 0.7 20286.6 1.8 2.6 — 7.3 2.6 0.7 20294.5 — 2.5 — 7.3 2.6 0.7 Thereafter26.2 — 22.2 — 50.5 8.9 10.2 Future lease payments67.8 8.5 40.0 3.5 89.2 21.3 13.7 Less amount representing interest11.7 0.8 10.6 0.2 21.5 4.2 8.8 Present value of future minimum lease payments$56.1 $7.7 $29.4 $3.3 $67.7 $17.1 $4.9 

15.     FAIR VALUE OF FINANCIAL INSTRUMENTS

The following methods and assumptions were used to estimate the fair value of each of the following financial instruments:Preferred Stock, Long-Term Debt and Rate Reduction Bonds:  The fair value of CL&P's and NSTAR Electric's preferred stock is based upon pricing models that incorporate interest rates and other market factors, valuations or trades of similar securities and cash flow projections.  The fair value of long-term debt and RRB debt securities is based upon pricing models that incorporate quoted market prices for those