Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 87

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 87
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, and will assess the purchase option as part of the lease fair value upon commencement.  As of March 31, 2025, the lease agreement totaled $18.7 million and the estimated purchase option was $19.0 million.

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10.    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 issues or similar issues adjusted for market conditions, credit ratings of the respective companies and treasury benchmark yields.  The fair values provided in the table below are classified as Level 2 within the fair value hierarchy.  Carrying amounts and estimated fair values are as follows: EversourceCL&PNSTAR ElectricPSNH(Millions of Dollars)CarryingAmountFairValueCarryingAmountFairValueCarryingAmountFairValueCarryingAmountFairValueAs of March 31, 2025:        Preferred Stock Not Subject to Mandatory Redemption$155.6 $124.8 $116.2 $92.0 $43.0 $32.8 $— $— Long-Term Debt27,599.0 26,038.9 5,508.1 5,168.9 5,887.2 5,617.4 1,732.4 1,551.6 Rate Reduction Bonds345.7 336.7 — — — — 345.7 336.7 As of December 31, 2024:        Preferred Stock Not Subject to Mandatory Redemption$155.6 $123.8 $116.2 $90.3 $43.0 $33.5 $— $— Long-Term Debt26,704.8 24,791.4 5,111.1 4,705.8 5,094.9 4,759.4 1,732.1 1,529.7 Rate Reduction Bonds367.3