Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 120

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 120
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PercentageIncreaseSales Volumes (MMcf)PercentageIncreaseSales Volumes (MG)PercentageIncrease/(Decrease)Three Months Ended March 31:202520242025202420252024Traditional2,030 1,948 4.2 %— — — %320 344 (7.0)%Decoupled10,942 10,587 3.4 %68,286 61,535 11.0 %4,976 4,807 3.5 %Total Sales Volumes12,972 12,535 3.5 %68,286 61,535 11.0 %5,296 5,151 2.8 %

Weather, fluctuations in energy supply rates, conservation measures (including utility-sponsored energy efficiency programs), and economic conditions affect customer energy usage and water consumption.  Industrial sales volumes are less sensitive to temperature variations than residential and commercial sales volumes.  In our service territories, weather impacts both electric and water sales volumes during the summer and both electric and natural gas sales volumes during the winter; however, natural gas sales volumes are more sensitive to temperature variations than electric sales volumes.  Customer heating or cooling usage may not directly correlate with historical levels or with the level of degree-days that occur.

Fluctuations in retail electric sales volumes at PSNH impact earnings ("Traditional" in the table above).  For CL&P, NSTAR Electric, NSTAR Gas, EGMA, Yankee Gas, and our Connecticut water distribution business, fluctuations in retail sales volumes do not materially impact earnings due to their respective regulatory commission-approved distribution revenue decoupling mechanisms ("Decoupled" in the table above).  These distribution revenues are decoupled from their customer sales volumes, which breaks the relationship between sales volumes and revenues recognized. 

Operating Revenues:  The variance in Operating Revenues by segment is as follows:

(Millions of Dollars)Three Months EndedElectric Distribution$516.0 Natural Gas Distribution235.4 Electric Transmission40.0 Water Distribution0.2 Other(4.6)Eliminations(1.2)Total Operating Revenues$785.8 

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Electric and Natural Gas Distribution Revenues:  

Base Distribution Revenues:

•Base electric distribution revenues increased $35.5 million for the three month period, due primarily to a temporary base distribution rate increase at PSNH effective August 1, 2024 and a base distribution rate increase