Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 31

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 2
Chunk 31
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 Months Ended June 30:Traditional3,846 3,784 1.6 %— — — %684 719 (4.9)%Decoupled21,064 20,639 2.1 %94,448 86,349 9.4 %10,541 10,408 1.3 %Total Sales Volumes24,910 24,423 2.0 %94,448 86,349 9.4 %11,225 11,127 0.9 %

Weather, fluctuations in energy supply rates, conservation measures (including utility-sponsored energy efficiency programs), and economic conditions affect customer energy usage and water consumption.  Industrial sales volumes are less sensitive to temperature variations than residential and commercial sales volumes.  In our service territories, weather impacts both electric and water sales volumes during the summer and both electric and natural gas sales volumes during the winter; however, natural gas sales volumes are more sensitive to temperature variations than electric sales volumes.  Customer heating or cooling usage may not directly correlate with historical levels or with the level of degree-days that occur.

Fluctuations in retail electric sales volumes at PSNH impact earnings ("Traditional" in the table above).  For CL&P, NSTAR Electric, NSTAR Gas, EGMA, Yankee Gas, and our Connecticut water distribution business, fluctuations in retail sales volumes do not materially impact earnings due to their respective regulatory commission-approved distribution revenue decoupling mechanisms ("Decoupled" in the table above).  These distribution revenues are decoupled from their customer sales volumes, which breaks the relationship between sales volumes and revenues recognized. 

Operating Revenues:  The variance in Operating Revenues by segment is as follows:

(Millions of Dollars)Three Months Ended Six Months EndedElectric Distribution$200.1 $716.1 Natural Gas Distribution67.3 302.6 Electric Transmission34.6 74.6 Water Distribution3.6 3.6 Other10.6 6.1 Eliminations(11.6)(12.7)Total Operating Revenues$304.6 $1,090.3 

Electric and Natural Gas Distribution Revenues:  

Base Distribution Revenues:

•Base electric distribution revenues increased $26.8 million and $62.2 million for the three and six month periods, due primarily to a temporary base distribution rate increase at PSNH effective August 1,