Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 110

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 110
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 Results of Operations," of the Eversource 2024 Form 10-K.  There have been no material changes to our cash requirements from contractual obligations and payment schedules previously disclosed in our 2024 Form 10-K.

Business Development and Capital Expenditures

Our consolidated capital expenditures, including amounts incurred but not paid, cost of removal, AFUDC, and the capitalized and deferred portions of pension and PBOP income/expense (all of which are non-cash factors), totaled $1.04 billion in the first quarter of 2025, compared to $1.09 billion in the first quarter of 2024.  These amounts included $51.4 million and $75.6 million in the first quarter of 2025 and 2024, respectively, related to information technology and facilities upgrades and enhancements, primarily at Eversource Service and The Rocky River Realty Company.

Electric Transmission Business:  Our consolidated electric transmission business capital expenditures decreased by $131.1 million in the first quarter of 2025, as compared to the first quarter of 2024.  A summary of electric transmission capital expenditures by company is as follows:  

 For the Three Months Ended March 31,(Millions of Dollars)20252024CL&P$79.8 $133.5 NSTAR Electric89.4 117.6 PSNH62.5 111.7 Total Electric Transmission$231.7 $362.8 

Our transmission projects are designed to improve the reliability of the electric grid, meet customer demand for power, and strengthen the electric grid's resilience against extreme weather and other safety and security threats.  In Connecticut, Massachusetts and New Hampshire, our transmission projects include transmission line upgrades, the installation of new transmission interconnection facilities, substations and lines, and transmission substation enhancements.

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Greater Cambridge Energy Program:  The Greater Cambridge Energy Program will construct Eversource’s first underground transmission substation in Cambridge, Massachusetts, along with associated transmission and distribution lines.  The project will address the increased electric demand in the region, enhance the resiliency of the transmission system, and ensure a flexible grid to reliably serve customers.  The flexibility to transmit and distribute mixed energy sources will support the decarbonization and electrification goals of both the City of Cambridge and the state of Massachusetts.  The new 115/13.8-kV, 35,000 square foot substation will be located in an underground vault and includes three distribution