Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 183

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 183
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 follows:

 Years(Millions of Dollars)202520262027202820292025 - 2029 TotalCL&P Transmission$441 $497 $341 $269 $260 $1,808 NSTAR Electric Transmission611 635 675 861 854 3,636 PSNH Transmission354 260 347 204 198 1,363   Total Electric Transmission1,406 1,392 1,363 1,334 1,312 6,807 Electric Distribution1,965 2,231 2,143 1,958 1,918 10,215 Natural Gas Distribution1,094 1,164 1,184 1,259 1,297 5,998   Total Electric and Natural Gas Distribution3,059 3,395 3,327 3,217 3,215 16,213 Information Technology and All Other256 222 222 225 227 1,152 Total$4,721 $5,009 $4,912 $4,776 $4,754 $24,172 

Actual capital expenditures could vary from the projected amounts for the companies and years above.

The projected capital expenditures reflect a reduction in planned capital expenditures for Connecticut’s electric and natural gas distribution businesses due to regulatory policies in Connecticut that discourage investment, including ensuring the timely recovery of costs and the ability to earn a fair return. The continuing pattern of adverse regulatory outcomes for Connecticut utilities and associated credit downgrades from our credit rating agencies necessitated a reduction to Connecticut’s electric and natural gas distribution projected capital expenditures.  These capital reductions do not impact Eversource’s commitment to safety, reliability, or critical staffing structure. 

Projected capital expenditures for the water distribution business of $130 million are expected until the time of sale in late 2025 and have been factored into the water business impairment recorded as of December 31, 2024.

Offshore Wind Business:  Eversource’s previous offshore wind business included 50 percent ownership interests in each of North East Offshore and South Fork Class B Member, LLC.  During 2024, Eversource sold its interest in these entities, and in doing so, sold its interests in the Revolution Wind project, the South Fork Wind project, and the Sunrise Wind project.  Eversource’s current offshore wind business is now comprised only of a noncontrolling tax equity investment in South Fork Wind