Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 76

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 76
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-Vantage) that effective January 1, 2025, a Cash Balance Pension Plan is established, which replaces employer K-Vantage contributions.  Eversource transferred into the Cash Balance Pension Plan employees who are participants in the K-Vantage plan, with the exception of one union group with ongoing negotiations, and will credit employees a set percentage of an employee’s eligible pay based on age and years of service on the employee’s behalf.  This benefit is a new, additional obligation of the existing Pension Plan and will be funded through the existing assets of the Eversource Pension Plan.  The liability began accruing benefits upon the effective date of January 1, 2025.Pension and SERPPBOPFor the Three Months Ended March 31, 2025For the Three Months Ended March 31, 2025(Millions of Dollars)EversourceCL&PNSTARElectricPSNHEversourceCL&PNSTARElectricPSNHService Cost$16.4 $3.8 $2.5 $1.6 $1.6 $0.2 $0.2 $0.1 Interest Cost63.2 12.8 13.0 6.8 8.0 1.4 2.2 0.8 Expected Return on Plan Assets(113.3)(22.9)(27.7)(11.9)(21.2)(2.4)(10.5)(1.4)Actuarial Loss/(Gain)10.0 1.2 3.2 0.5 (0.3)— — — Prior Service Cost/(Credit)0.3 — 0.1 — (5.4)0.3 (4.2)0.1 Settlement Loss3.3 — — — — — — — Total Net Periodic Benefit Plan Income$(20.1)$(5.1)$(8.9)$(3.0)$(17.3)$(0.5)$(12.3)$(0.4)Intercompany Expense/(Income) AllocationsN/A$0.1 $0.3 $0.1 N/A$(0.5)$(0.7)$(0.2)Pension and SERPPBOPFor the Three Months Ended March 31, 2024For the Three Months Ended