Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 347

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 347
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Fixed Income61.8 44.6 127.5 233.9 33.4 43.0 159.8 236.2 Private Equity— — 99.0 99.0 — — 87.7 87.7 Real Assets83.7 — 37.5 121.2 70.5 — 33.9 104.4 Total$330.3 $44.6 $430.3 $805.2 $243.0 $43.0 $493.5 $779.5 Add:  401(h) PBOP Assets (3)  231.1   244.9 Total PBOP Assets  $1,036.3   $1,024.4 (1)     As of December 31, 2024, the funded status of the Aquarion water distribution business’s Pension and PBOP benefit plans have been reclassified in held for sale presentation on the Eversource balance sheet.  Therefore, these Pension and PBOP asset balances have been excluded from the table above as of December 31, 2024.  (2)     Fixed Income investments classified as Level 1 as of December 31, 2023 include pending purchases and pending redemption settlements of  $31 million.(3)     The assets of the Pension Plan include a 401(h) account that has been allocated to provide health and welfare postretirement benefits under the PBOP Plan.

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The Company values assets based on observable inputs when available.  Equity securities, fixed income exchange traded funds and real asset futures contracts classified as Level 1 in the fair value hierarchy are priced based on the closing price on the primary exchange as of the balance sheet date. Fixed income securities, such as government issued securities and corporate bonds, are included in Level 2 and are valued using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.  The pricing models utilize observable inputs such as recent trades for the same or similar instruments, yield curves, discount margins and bond structures.  Swaps are valued using pricing models that incorporate interest rates and equity and fixed income index closing prices to determine a net present value of the cash flows.  Certain investments, such as commingled funds, private equity investments, fixed income funds, real asset funds and hedge funds are valued using