Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 24

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 2
Chunk 24
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  On June 16, 2025, NSTAR Gas submitted its annual PBR Adjustment filing reflecting a $163.1 million increase to base distribution rates for effect on November 1, 2025.  The base distribution rate increase is comprised of a $10.8 million inflation-based adjustment and, in accordance with the DPU’s final decision in the 2020 NSTAR Gas rate case, a $152.3 million rate-base reset to incorporate capital additions for the period 2021 through 2024, which includes the transfer of GSEP investments totaling $107.3 million into base rates, as well as other non-GSEP plant additions totaling $45.0 million.  As part of this filing, NSTAR Gas proposed to pause recovery of the Gas System Enhancement Adjustment Factor (GSEAF) and reduce the current GSEAF to zero on November 1, 2025 in order to align this decrease with the base rate increase, and to mitigate November 1, 2025 bill impacts to customers. NSTAR Gas would begin to recover the remaining 2025 GSEP revenue requirement, estimated at $72 million, on May 1, 2026 over 18 months with applicable carrying charges estimated at $2.5 million.  DPU approval is expected by October 31, 2025.

NSTAR Electric’s Electric Sector Modernization Plan (ESMP) Filing:  On August 29, 2024, the DPU approved the overall ESMP as a strategic plan for a five-year period commencing July 1, 2025 through June 30, 2030.  The initial five-year plan proposed incremental distribution capital investments of $608 million and incremental distribution expense of $211 million.  On November 21, 2024, the DPU opened a second phase of the proceeding (Phase II) to consider a short-term ESMP-focused cost recovery mechanism and metrics.  The DPU limited the review of investment in this docket and excluded NSTAR Electric’s ESMP capital proposals regarding the EV Phase II extension and the new capital investment projects, and expense for the funding of low and moderate income solar.  These investments will be reviewed in separate proceedings.  This reduced the amount of company-proposed incremental capital investment to $295 million and the incremental expense to $44 million related to resiliency and grid modernization for a total spending cap of $339 million. NSTAR Electric filed its proposed tariff and testimony on December 18,