Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 83

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 83
---
 liabilities.  Significant observable inputs for valuations of these contracts include energy-related product prices in future years for which quoted prices in an active market exist.  Valuations incorporate estimates of premiums or discounts that would be required by a market participant to arrive at an exit price, using historical market transactions adjusted for the terms of the contract.  Fair value measurements were prepared by individuals with expertise in valuation techniques, pricing of energy-related products, and accounting requirements.  All derivative contracts were classified as Level 2 in the fair value hierarchy as of both June 30, 2025 and December 31, 2024.

23

5.    MARKETABLE SECURITIES

Eversource’s marketable securities include the CYAPC and YAEC legally restricted trusts that each hold equity and available-for-sale debt securities to fund the spent nuclear fuel removal obligations of their nuclear fuel storage facilities.  Equity and available-for-sale debt marketable securities are recorded at fair value.  CYAPC and YAEC’s spent nuclear fuel trusts are restricted and are classified in long-term Marketable Securities on the balance sheets.Eversource’s water business also holds a trust.  Securities held in this trust as of June 30, 2025 and December 31, 2024 of $4.2 million and $4.1 million, respectively, were reclassified to Assets Held for Sale on the Eversource balance sheets. Equity Securities:  Eversource's equity securities include CYAPC's and YAEC's marketable securities held in spent nuclear fuel trusts, which had fair values of $159.8 million and $163.1 million as of June 30, 2025 and December 31, 2024, respectively.  Unrealized gains and losses for these spent nuclear fuel trusts are subject to regulatory accounting treatment and are recorded in Marketable Securities with the corresponding offset to long-term liabilities on the balance sheets, with no impact on the statements of income.  Available-for-Sale Debt Securities:  The following is a summary of available-for-sale debt securities, which are held in CYAPC’s and YAEC’s  spent nuclear fuel trusts:As of June 30, 2025As of December 31, 2024Eversource(Millions of Dollars)Amortized CostPre-TaxUnrealized GainsPre-TaxUnrealizedLossesFair ValueAmortized CostPre-TaxUnrealized GainsPre-TaxUnrealizedLossesFair Value