Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 161

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 161
---
 summary of our retail electric GWh sales volumes is as follows:

 For the Six Months Ended June 30, 20252024Percentage IncreaseCL&P 9,881 9,732 1.5 %NSTAR Electric11,183 10,907 2.5 %PSNH3,846 3,784 1.6 %

Fluctuations in retail electric sales volumes at PSNH impact earnings.  For CL&P and NSTAR Electric, fluctuations in retail electric sales volumes do not impact earnings due to their respective regulatory commission-approved distribution revenue decoupling mechanisms. 

Operating Revenues:  Operating Revenues, which consist of base distribution revenues and tracked revenues further described below, increased $587.5 million at CL&P, $90.5 million at NSTAR Electric, and $37.7 million at PSNH for the six month period.

56

Base Distribution Revenues:

•CL&P's distribution revenues were flat for the six month period.

•NSTAR Electric's distribution revenues increased $26.6 million for the six month period due primarily to a base distribution rate increase effective January 1, 2025.

•PSNH's distribution revenues increased $35.6 million for the six month period due primarily to a temporary base distribution rate increase effective August 1, 2024.

Tracked Distribution Revenues:  Tracked distribution revenues consist of certain costs that are recovered from customers in retail rates on a fully reconciling basis through regulatory commission-approved cost tracking mechanisms and therefore, recovery of these costs has no impact on earnings.  Costs recovered through cost tracking mechanisms include, among others, energy supply procurement, state mandated energy purchase agreements and other energy-related costs, retail transmission charges, energy efficiency program costs, electric restructuring and stranded cost recovery revenues (including securitized RRB charges), certain capital tracking mechanisms for infrastructure improvements, and additionally for NSTAR Electric, pension and PBOP benefits, net metering for distributed generation, and solar-related programs.  Revenues from certain of these cost tracking mechanisms also include certain incentives earned, return on capital tracking mechanisms, and carrying charges that are billed in rates to customers, which do impact earnings.  Tracked revenues also include wholesale market sales transactions, such as sales of energy and energy-related products into the ISO-NE wholesale electricity market and the sale of RECs to various counterparties.

Customers have the choice to purchase electricity from their Eversource electric utility or from a competitive third party supplier.  For customers who have contracted