Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 39

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 2
Chunk 39
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)Other0.5 (1.1)Total Other Income, Net$(19.9)$(18.6)

Income Tax Expense increased for the three month period due primarily to higher pre-tax earnings ($3.9 million), higher state taxes ($4.3 million), and a decrease in amortization of EDIT ($0.3 million), partially offset by a decrease in items that impact our tax rate as a result of regulatory treatment (flow-through items) and permanent differences ($7.2 million).

Income Tax Expense increased for the six month period due primarily to higher pre-tax earnings ($10.6 million), higher state taxes ($11.0 million), a decrease in amortization of EDIT ($1.0 million), and a higher share-based payment tax deficiency ($0.6 million), partially offset by a decrease in items that impact our tax rate as a result of regulatory treatment (flow-through items) and permanent differences ($19.1 million).

RESULTS OF OPERATIONS – 

THE CONNECTICUT LIGHT AND POWER COMPANY

NSTAR ELECTRIC COMPANY AND SUBSIDIARY

PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES

The following provides the amounts and variances in operating revenues and expense line items in the statements of income for CL&P, NSTAR Electric and PSNH for the six months ended June 30, 2025 and 2024 included in this combined Quarterly Report on Form 10-Q:

 For the Six Months Ended June 30,CL&PNSTAR ElectricPSNH(Millions of Dollars)20252024Increase/(Decrease)20252024Increase/(Decrease)20252024Increase/(Decrease)Operating Revenues$2,673.4 $2,085.9 $587.5 $1,883.2 $1,792.7 $90.5 $651.1 $613.4 $37.7 Operating Expenses:     Purchased Power and Transmission874.5 1,046.4 (171.9)534.7 482.7 52.0 119.3 124.9 (5.6)Operations and Maintenance390.9 384.2 6.7 342.5 337.3 5.2 138.0 138.4 (0.4)Depreciation214.4 198.9 15.5 217.4 197.2 20.2