Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 29

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 2
Chunk 29
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20.6 19.2 1.4 Other Income, Net17.6 16.5 1.1 46.3 47.1 (0.8)10.8 7.1 3.7 Income Before Income Tax Expense208.7 184.1 24.6 218.7 210.7 8.0 87.8 64.2 23.6 Income Tax Expense52.5 45.7 6.8 51.5 50.7 0.8 21.5 15.8 5.7 Net Income$156.2 $138.4 $17.8 $167.2 $160.0 $7.2 $66.3 $48.4 $17.9 

Operating Revenues

Sales Volumes:  A summary of our retail electric GWh sales volumes is as follows:

 For the Three Months Ended March 31, 20252024Percentage IncreaseCL&P 5,204 5,001 4.1 %NSTAR Electric5,738 5,586 2.7 %PSNH2,030 1,948 4.2 %

Fluctuations in retail electric sales volumes at PSNH impact earnings.  For CL&P and NSTAR Electric, fluctuations in retail electric sales volumes do not impact earnings due to their respective regulatory commission-approved distribution revenue decoupling mechanisms. 

Operating Revenues:  Operating Revenues, which consist of base distribution revenues and tracked revenues further described below, increased $419.9 million at CL&P, $66.6 million at NSTAR Electric, and $21.9 million at PSNH for the three month period.

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Base Distribution Revenues:

•CL&P's distribution revenues were flat for the three month period.

•NSTAR Electric's distribution revenues increased $14.0 million for the three month period due primarily to a base distribution rate increase effective January 1, 2025.

•PSNH's distribution revenues increased $21.5 million for the three month period due primarily to a temporary base distribution rate increase effective August 1, 2024.

Tracked Distribution Revenues:  Tracked distribution revenues consist of certain costs that are recovered from customers in retail rates on a fully reconciling basis through regulatory commission-approved cost tracking mechanisms and therefore, recovery of these costs has no impact on earnings