Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 95

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 95
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 Investment Service Company LLC and South Fork Class B Member, LLCOffshore wind funding and indemnification obligations  (2)202.6 Eversource Investment LLCLetters of Credit (3)4.3 Eversource TEI LLCSouth Fork Wind Tax Equity (4)50.0 South Fork Wind, LLCPower Purchase Agreement Security (5)7.1 Various Eversource subsidiariesSurety bonds (6)34.1 (1)    Eversource parent issued guarantees on behalf of its previously 50 percent-owned affiliate, Revolution Wind, LLC, and on behalf of TurbineCo, LLC (successor in interest to North East Offshore, LLC (NEO)), under which Eversource parent agreed to guarantee each entity’s performance of obligations under certain construction-related purchase agreements with third-party contractors, in an aggregate amount not to exceed $745.2 million.  Eversource parent’s obligations under the guarantees expire upon the earlier of (i) dates ranging between September 2025 and November 2027 and (ii) full performance of the guaranteed obligations.(2)     Eversource parent issued guarantees on behalf of its wholly-owned subsidiary Eversource Investment LLC (EI), which held Eversource's previous investments in offshore wind-related equity method investments until sale, and on behalf of its previously 50 percent-owned affiliate, South Fork Class B Member, LLC, whereby Eversource parent will guarantee each entity’s performance of certain funding obligations of the South Fork and Revolution Wind projects.  Eversource parent also guaranteed certain indemnification obligations of EI associated with third party credit support for EI’s investment in NEO.  On September 30, 2024, Eversource parent issued a guaranty on behalf of its wholly-owned subsidiary, Eversource Investment Service Company LLC, whereby Eversource parent will guarantee Eversource Investment Service Company LLC’s performance of certain indemnification obligations during the onshore construction phase of the Revolution Wind project, in an amount not to exceed $100.0 million.  These guarantees will not exceed $1.62 billion and expire upon the full performance of the guaranteed obligations.  (3)    Eversource parent entered into a guarantee on behalf of EI, under which Eversource parent would guarantee EI's obligations under a letter of credit facility with a financial institution that EI may request in an aggregate amount of up to approximately $25 million.  As of June 30,