Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 261

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 261
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 Activities— 173 591 Net Cash Flows Used in Investing Activities(978,532)(1,092,948)(876,149)Financing Activities:   Cash Dividends on Common Stock(333,800)(330,400)(292,400)Cash Dividends on Preferred Stock(5,559)(5,559)(5,559)(Decrease)/Increase in Notes Payable to Eversource Parent(177,000)457,000 — Issuance of Long-Term Debt650,000 800,000 — Retirement of Long-Term Debt(139,800)(400,000)— Capital Contributions from Eversource Parent300,000 123,500 250,000 Other Financing Activities(8,856)(9,244)— Net Cash Flows Provided by/(Used In) Financing Activities284,985 635,297 (47,959)Net Decrease in Cash and Restricted Cash(10,134)(8,084)(54,461)Cash and Restricted Cash - Beginning of Year12,243 20,327 74,788 Cash and Restricted Cash - End of Year$2,109 $12,243 $20,327 

The accompanying notes are an integral part of these financial statements.

75

Management’s Report on Internal Controls Over Financial Reporting

NSTAR Electric Company

Management is responsible for the preparation, integrity, and fair presentation of the accompanying consolidated financial statements of NSTAR Electric Company and subsidiary (NSTAR Electric or the Company) and of other sections of this annual report.  

Management is responsible for establishing and maintaining adequate internal controls over financial reporting.  The Company's internal control framework and processes have been designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.  There are inherent limitations of internal controls over financial reporting that could allow material misstatements due to error or fraud to occur and not be prevented or detected on a timely basis by employees during the normal course of business.  Additionally, internal controls over financial reporting may become inadequate in the future due to changes in the business environment.  

Under the supervision and with the participation of the principal executive officer and principal financial officer, NSTAR Electric conducted an evaluation of the effectiveness of internal controls over financial reporting based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Spons