Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 362

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 362
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 2024, for 8 environmental sites (1 for NSTAR Electric) that are included in the Company's reserve for environmental costs, the information known and the nature of the remediation options allow for the Company to estimate the range of losses for environmental costs.  As of December 31, 2024, $29.5 million has been accrued as a liability for these sites, which represents the low end of the range of the liabilities for environmental costs.  Management believes that additional losses of up to approximately $17.5 million may be incurred in executing current remediation plans for these sites. As of December 31, 2024, for the remaining 40 environmental sites (including 6 for CL&P, 11 for NSTAR Electric and 8 for PSNH) that are included in the Company's reserve for environmental costs, the $67.8 million accrual (including $7.7 million for CL&P, $5.2 million for NSTAR Electric and $6.3 million for PSNH) represents management's best estimate of the probable liability and no additional loss is estimable at this time. 

PSNH, NSTAR Gas, EGMA and Yankee Gas have rate recovery mechanisms for MGP related environmental costs, therefore, changes in their respective environmental reserves do not impact Net Income.  CL&P is allowed to defer certain environmental costs for future recovery.  NSTAR Electric does not have a separate environmental cost recovery regulatory mechanism. 

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B.     Long-Term Contractual Arrangements

Estimated Future Annual Costs:  The estimated future annual costs of significant executed, non-cancelable, long-term contractual arrangements in effect as of December 31, 2024 are as follows: Eversource       (Millions of Dollars)20252026202720282029ThereafterTotalRenewable Energy Purchase Contracts$771.8 $865.2 $919.9 $918.0 $785.5 $6,289.9 $10,550.3 Natural Gas Procurement532.6 486.1 364.6 308.1 294.9 1,004.4 2,990.7 Capacity and Purchased Power75.2 2.9 2.7 2.7 2.3 2.3 88.1 Peaker CfDs28.3 27.7 23.1 23.3 24