Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 69

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 69
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 receivable balances attributable to qualified customers under financial or medical duress (uncollectible hardship accounts receivable) outstanding for greater than 180 days and 90 days, respectively.  The DPU allows NSTAR Electric, NSTAR Gas and EGMA to recover in rates amounts associated with certain uncollectible hardship accounts receivable.  These uncollectible hardship customer account balances are included in Regulatory Assets or Other Long-Term Assets on the balance sheets.  Hardship customers are protected from shut-off in certain circumstances, and historical collection experience has reflected a higher default risk as compared to the rest of the receivable population.  Management uses a higher credit risk profile for this pool of trade receivables as compared to non-hardship receivables.  The allowance for uncollectible hardship accounts is included in the total uncollectible allowance balance.The total allowance for uncollectible accounts is included in Receivables, Net on the balance sheets.  The activity in the allowance for uncollectible accounts by portfolio segment as of June 30th is as follows:EversourceCL&PNSTAR ElectricPSNH(Millions of Dollars)Hardship AccountsRetail (Non-Hardship), Wholesale, and OtherTotal AllowanceHardship AccountsRetail (Non-Hardship), Wholesale, and OtherTotal AllowanceHardship AccountsRetail (Non-Hardship), Wholesale, and OtherTotal AllowanceTotal AllowanceBalance as of April 1, 2025$371.5 $194.1 $565.6 $240.3 $35.9 $276.2 $57.8 $58.2 $116.0 $14.3 Uncollectible Expense— 18.6 18.6 — 5.4 5.4 — 6.5 6.5 1.1 Uncollectible Costs Deferred (1)14.9 11.8 26.7 3.2 2.9 6.1 3.2 5.8 9.0 1.2 Write-Offs(9.6)(29.6)(39.2)(7.3)(8.1)(15.4)(0.7)(12.1)(12.8)(1.8)Recoveries Collected0.2 3.7 3.9 0.1 1.2 1.3 — 1.5 1