Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 311

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 311
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 Dollars)Amortized CostFair ValueLess than one year$11.3 $11.7 One to five years35.6 35.6 Six to ten years43.5 42.6 Greater than ten years72.8 67.3 Total Debt Securities$163.2 $157.2 Realized Gains and Losses:  Realized gains and losses are offset in long-term liabilities for CYAPC and YAEC and are recorded in Other Income, Net for Eversource's benefit trusts.  Eversource utilizes the average cost basis method for the CYAPC and YAEC spent nuclear fuel trusts and the specific identification basis method for the Eversource non-qualified benefit trusts to compute the realized gains and losses on the sale of marketable securities.Fair Value Measurements:  The following table presents the marketable securities recorded at fair value on a recurring basis by the level in which they are classified within the fair value hierarchy:Eversource(Millions of Dollars)As of December 31,20242023Level 1:    Mutual Funds and Equities$163.1 $176.9 Money Market Funds10.0 13.7 Total Level 1$173.1 $190.6 Level 2:  U.S. Government Issued Debt Securities (Agency and Treasury)$92.0 $90.1 Corporate Debt Securities32.5 34.0 Asset-Backed Debt Securities7.8 5.6 Municipal Bonds6.8 9.8 Other Fixed Income Securities8.1 11.1 Total Level 2$147.2 $150.6 Total Marketable Securities$320.3 $341.2 U.S. government issued debt securities are valued using market approaches that incorporate transactions for the same or similar bonds and adjustments for yields and maturity dates.  Corporate debt securities are valued using a market approach, utilizing recent trades of the same or similar instruments and also incorporating yield curves, credit spreads and specific bond terms and conditions.  Asset-backed debt securities include collateralized mortgage obligations, commercial mortgage backed securities, and securities collateralized by auto loans, credit card loans or receivables.  Asset-backed debt securities are valued using recent trades of similar instruments, prepayment assumptions, yield curves, issuance and maturity dates, and tranche information.  Municipal bonds are valued using