Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 199

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 199
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I by May 14, 2024, and rebuttal testimony by May 29, 2024.  CL&P witnesses filed testimony, including an updated estimate of $855 million for capital costs and operating expenses, and then subsequently participated in the AMI cost recovery hearing on June 6, 2024.  

On October 17, 2024, PURA issued a proposed final decision on recovery of the costs for AMI implementation.  Written exceptions to the proposed final decision were filed on October 31, 2024, and oral arguments were presented on November 7, 2024.  CL&P’s written exceptions focused on three main aspects of the proposed decision, which include (1) clarifying the prudence standard to be used in evaluating AMI investments, (2) timing of prudency reviews, and (3) cost recovery related to incremental O&M expenses.  On December 4, 2024, PURA issued a final decision on the recovery of costs for AMI implementation.  On December 9, 2024, CL&P filed a petition for reconsideration because PURA had not fully resolved the issues CL&P raised in its October 31, 2024 written exceptions.  On January 3, 2025, PURA stated it will evaluate the merits of CL&P’s petition for reconsideration.  Under state law, PURA is expected to issue its decision within 90 days of January 3, 2025.

Yankee Gas Distribution Rate Case:  On November 12, 2024, Yankee Gas filed an application with PURA to amend its existing distribution rates for effect on November 1, 2025.  Yankee Gas’s rate application requested approval of a distribution rate increase of $209 million, which included a base distribution rate increase of $274 million, partially offset by a reduction of $65 million in the combined Gas System Improvements and System Expansion Reconciliation rates.  In addition, Yankee Gas requested approval to implement a rate credit of $37.4 million to offset the PGA rate for non-firm margin credits over one year beginning November 1, 2025.  As part of the rate case, Yankee Gas proposed to implement a multi-year performance-based rate making plan with a four-year initial term from November 1, 2025 to October 31, 2029 that would adjust rates annually and includes performance metrics.  A final decision by PURA is expected in October 2025.

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