Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 142

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 142
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174.9 0.49 593.0 1.60 540.6 1.52 Natural Gas Distribution(16.8)(0.05)(30.2)(0.09)236.9 0.64 187.4 0.53 Water Distribution18.9 0.05 23.7 0.07 36.8 0.10 37.1 0.10 Net Income - Regulated Companies$409.2 $1.10 $371.9 $1.04 $1,438.3 $3.89 $1,286.4 $3.62 

Our electric distribution segment earnings increased $18.1 million and $50.3 million in the third quarter and the first nine months of 2025, respectively, as compared to the third quarter and first nine months of 2024, due primarily to higher revenues from base distribution rate increases at PSNH effective August 1, 2024 and August 1, 2025 and at NSTAR Electric effective January 1, 2025 and from CL&P's capital tracking mechanism due to increased electric system improvements.  Earnings also benefited from the impact of the PSNH rate case decision in July 2025.  

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Those earnings increases were partially offset by higher property tax expense, higher interest expense, higher depreciation expense, lower net interest income on regulatory deferrals, and higher operations and maintenance expense.

Our electric transmission segment earnings increased $10.6 million and $52.4 million in the third quarter and the first nine months of 2025, respectively, as compared to the third quarter and the first nine months of 2024, due primarily to a higher transmission rate base as a result of our continued investment in our transmission infrastructure.  Earnings in the nine month period also benefited from lower interest expense.

Our natural gas distribution segment losses decreased $13.4 million and earnings increased $49.5 million in the third quarter and the first nine months of 2025, respectively, as compared to the third quarter and the first nine months of 2024, due primarily to higher revenues from base distribution rate increases effective November 1, 2024 at EGMA and at NSTAR Gas and from capital tracking mechanisms due to continued investments in natural gas infrastructure.  Those earnings increases were partially offset by higher interest expense, higher depreciation expense, and higher property tax expense.  The earnings increase