Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 282

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 282
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Write-Offs(74.3)(129.5)(203.8)(55.1)(30.9)(86.0)(4.6)(52.4)(57.0)(10.9)Recoveries Collected0.7 13.3 14.0 0.6 4.5 5.1 — 3.6 3.6 0.9 Decrease due to Assets Held   for Sale (2)— (2.3)(2.3)— — — — — — — Balance as of December 31, 2024$364.6 $191.6 $556.2 $240.7 $38.4 $279.1 $55.2 $59.7 $114.9 $14.1 (1)    These expected credit losses are deferred as regulatory costs on the balance sheets, as these amounts are ultimately recovered in rates.  Amounts include uncollectible costs for hardship accounts and other customer receivables, including uncollectible amounts related to uncollectible energy supply costs.  (2)    As of December 31, 2024, the allowance for uncollectible accounts attributable to the Aquarion water distribution business has been reclassified to Assets Held for Sale on the Eversource balance sheet.  As of December 31, 2023, this balance was recorded within Receivables, Net on the Eversource balance sheet.  For further information, see Note 24, “Assets Held for Sale.”(3)    In connection with PSNH’s pole purchase agreement on May 1, 2023, the purchase price included the forgiveness of previously reserved receivables for reimbursement of operation and maintenance and vegetation management costs.F.    Transfer of Energy Efficiency LoansCL&P transferred a portion of its energy efficiency customer loan portfolio to outside lenders in order to make additional loans to customers.  CL&P remains the servicer of the loans and will transmit customer payments to the lenders, with a maximum amount outstanding under this program of $70 million.  The amounts of the loans are included in Receivables, Net and Other Long-Term Assets, and are offset by Other Current Liabilities and Other Long-Term Liabilities on CL&P’s balance sheet. The current and long-term portions totaled $9.4 million and $17.3 million, respectively,