Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 386

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 386
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 1958$102.80 250,000 250,000 25.0 25.0 Total NSTAR Electric 430,000 430,000 $43.0 $43.0 Fair Value Adjustment due to Merger with NSTAR (3.6)(3.6)Total Eversource - Noncontrolling Interest - Preferred Stock of Subsidiaries$155.6 $155.6 

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20.     COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS

Dividends on the preferred stock of CL&P and NSTAR Electric totaled $7.5 million for each of the years ended December 31, 2024, 2023 and 2022.  These dividends were presented as Net Income Attributable to Noncontrolling Interests on the Eversource statements of income.  Noncontrolling Interest – Preferred Stock of Subsidiaries on the Eversource balance sheets totaled $155.6 million as of December 31, 2024 and 2023.  On the Eversource balance sheets, Common Shareholders' Equity was fully attributable to Eversource parent and Noncontrolling Interest – Preferred Stock of Subsidiaries was fully attributable to the noncontrolling interest. 

For the years ended December 31, 2024, 2023 and 2022, there was no change in ownership of the common equity of CL&P and NSTAR Electric.  

21.     EARNINGS/(LOSS) PER SHARE

Basic earnings/(loss) per share is computed based upon the weighted average number of common shares outstanding during each period.  Diluted earnings/(loss) per share is computed on the basis of the weighted average number of common shares outstanding plus the potential dilutive effect of certain share-based compensation awards as if they were converted into outstanding common shares.  The dilutive effect of unvested RSU and performance share awards is calculated using the treasury stock method.  RSU and performance share awards are included in basic weighted average common shares outstanding as of the date that all necessary vesting conditions have been satisfied.  For the years ended December 31, 2024, 2023 and 2022, there were no antidilutive share awards excluded from the computation. The following table sets forth the components of basic and diluted earnings/(loss) per share:Eversource(Millions