Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 187

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 187
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 Power and Transmission$(106.5)$50.8 $17.3 

The variance in energy supply procurement costs is offset in Operating Revenues (tracked energy supply procurement revenues).  The variance in other electric distribution costs at NSTAR Electric is due to an increase in the long-term renewable energy purchase contract cost deferral and higher net metering costs, at CL&P is due to higher long-term contractual energy-related costs and the cost of renewable energy credits that are recovered in the non-bypassable component of the FMCC mechanism, and at PSNH is due to higher net metering costs.

Included in transmission costs are charges that recover the cost of transporting electricity over high-voltage lines from generation facilities to substations, including costs allocated by ISO-NE to maintain the wholesale electric system.

•The increase in transmission costs at CL&P was due primarily to an increase in costs billed by ISO-NE that support regional grid investments and an increase in Local Network Service charges, which reflect the cost of transmission service provided by Eversource over our local transmission network.  These increases were partially offset by a decrease resulting from the retail transmission cost deferral, which reflects the actual costs of transmission service compared to estimated amounts billed to customers.

•The increase in transmission costs at NSTAR Electric was due primarily to an increase in costs billed by ISO-NE that support regional grid investments and an increase in the retail transmission cost deferral.  These increases were partially offset by a decrease in Local Network Service charges.

•The increase in transmission costs at PSNH was due primarily to an increase in costs billed by ISO-NE that support regional grid investments, an increase in Local Network Service charges, and an increase in the retail transmission cost deferral. 

Operations and Maintenance expense includes tracked costs and costs that are part of base distribution rates with changes impacting earnings (non-tracked costs).  The variance in Operations and Maintenance expense is due primarily to the following:

(Millions of Dollars)CL&PNSTAR ElectricPSNHBase Electric Distribution (Non-Tracked Costs): Storm costs$5.9 $(3.2)$0.5 Uncollectible Expense4.7 (5.2)0.1 Shared corporate costs (including IT system depreciation at Eversource Service)2.7 6.9 1.4 Employee-related expenses (including labor and benefits)2.1 6.6 (1.1)Vegetation Management (5.3)(4.1)7.8