Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 32

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 32
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3 million would be collected from customers over a ten year period from the time of the next EGMA rate case.  

New Hampshire:

PSNH Distribution Rate Case:  On June 11, 2024, PSNH filed an application with the NHPUC for approval of a temporary annual base distribution rate increase.  On July 31, 2024, the NHPUC approved a settlement agreement that was reached by PSNH, New Hampshire Department of Energy, and the Office of the Consumer Advocate to implement a temporary annual base distribution rate increase of $61.2 million effective August 1, 2024.  Temporary rates were in effect until permanent rates were approved and took effect August 1, 2025.  

Also on June 11, 2024, PSNH filed an application with the NHPUC to request an increase in permanent base distribution rates of $181.9 million, which is inclusive of the temporary rate increase.  Throughout the course of the proceeding, PSNH amended the requested revenue requirement to account for developments in the case, and arrived at a final proposed rate increase of $103 million, which primarily reflects the removal of deferred storm costs that will be addressed in a separate proceeding.  On July 25, 2025, the NHPUC issued its decision on permanent rates and approved a permanent rate increase of $100.7 million, effective August 1, 2025, inclusive of the temporary rate increase referenced above.  The total base distribution revenue requirement effective August 1, 2025 is $519 million.  The order also established an authorized regulatory ROE of 9.5 percent with a 50 percent common equity ratio for PSNH’s capital structure. 

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This revenue requirement also contains an alternative regulation revenue requirement adjustment.  This adjustment was part of the NHPUC’s alternative regulatory framework that the NHPUC adopted as an alternative to PSNH’s proposed performance-based regulation plan.  The alternative regulatory framework authorizes formulaic annual revenue adjustments on August 1st of 2026, 2027 and 2028.  PSNH is required to file its next base distribution rate case for effect in June 2029 and committed not to file its next distribution rate case until 2029.  The alternative regulatory framework calculates the annual revenue adjustment using a productivity factor and an adjustment for inflation to provide PSNH with increased revenue for operations.  The framework also contains an exogenous events recovery mechanism for certain unforeseen events out of PSNH