Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 119

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 119
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ion water distribution business met the criteria to be classified as held for sale and have been classified separately as current or long-term assets and liabilities held for sale on the Eversource balance sheets as of June 30, 2025 and December 31, 2024.  As Eversource concluded this is the sale of a business, all goodwill held by the water distribution reporting unit was included in the carrying amount of the business and is also classified within assets held for sale.  Long-term debt will be repaid by Eversource upon closing and is therefore excluded from liabilities held for sale.  Assets and liabilities classified as held for sale are measured at the lower of carrying amount or fair value less costs to sell.  The water distribution business did not and will not meet the criteria to be presented as a discontinued operation. The major classes of Aquarion’s assets and liabilities presented in current and long-term Assets Held for Sale and Liabilities Held for Sale on the Eversource balance sheets, which are included in the Water Distribution reportable segment, were as follows: (Millions of Dollars)As of June 30, 2025As of December 31, 2024Restricted Cash$5.9 $5.8 Receivables, Net19.3 14.4 Unbilled Revenues11.2 11.5 Prepayments and Other Current Assets20.4 24.6    Total Current Assets Held for Sale$56.8 $56.3 Property, Plant and Equipment, Net$1,934.8 $1,885.2 Regulatory Assets47.9 51.2 Goodwill662.4 662.5 Other Long-Term Assets16.5 12.2    Total Long-Term Assets Held for Sale$2,661.6 $2,611.1 Accounts Payable$27.6 $24.2 Other Current Liabilities31.3 28.4    Total Current Liabilities Held for Sale$58.9 $52.6 Regulatory Liabilities$128.4 $132.2 Other Long-Term Liabilities270.7 266.7    Total Long-Term Liabilities Held for Sale$399.1 $398.9 

For the three months ended June 30, 2025 and 2024, pre-tax income associated with the held for sale water distribution business was $