Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 139

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 139
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 impact of the net charge resulting from our previous offshore wind investments, compared to the previous guidance range of $4.67 per share to $4.82 per share.  We also reaffirmed our projection that our expected long-term EPS growth rate through 2029 will be in a 5 to 7 percent range, using 2024 non-GAAP EPS of $4.57 per share as the base year.  

Liquidity:

•Cash flows provided by operating activities totaled $3.20 billion in the first nine months of 2025, compared with $1.52 billion in the first nine months of 2024.  Investments in property, plant and equipment totaled $3.18 billion in the first nine months of 2025, compared with $3.29 billion in the first nine months of 2024.  

•Cash and Cash Equivalents totaled $259.3 million as of September 30, 2025, compared with $26.7 million as of December 31, 2024.  Our available borrowing capacity under our commercial paper programs totaled $1.13 billion as of September 30, 2025.  

•In the first nine months of 2025, we issued $2.04 billion of new long-term debt and we repaid $750 million of long-term debt. 

•On September 11, 2025, our Board of Trustees approved a common share dividend payment of $0.7525 per share, paid on September 30, 2025 to shareholders of record as of September 22, 2025.

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•On May 30, 2025, we entered into an equity distribution agreement pursuant to which we may offer and sell up to $1.2 billion of our common shares from time to time through an ATM equity offering program.  In the first nine months of 2025, we issued 7,130,134 common shares, which resulted in proceeds of $465.4 million, net of issuance costs.

Regulatory Developments:

•On November 5, 2025, PURA issued a final decision in the Yankee Gas distribution rate case that included a distribution rate increase of $95.7 million ($82.2 million including a previously recorded non-firm margin rate credit), effective November 1, 2025.  The final decision also established an authorized net regulatory ROE of 9.32 percent and a 53 percent common equity ratio for