Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 84

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 84
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 AFUDC equity and AFUDC debt amounts recognized on the statement of income in the third quarter of 2025 in accordance with the AFUDC policy.(2)    Equity in Earnings of Unconsolidated Affiliates includes $23.4 million of pre-tax income recorded at Eversource in the second quarter of 2024 from Eversource’s previous wind equity method investment, North East Offshore, as a result of a vendor settlement agreement payment received by the joint venture.  This settlement payment reduced the required capital contributions to be made by Eversource to North East Offshore during the second quarter of 2024.F.    Other TaxesEversource's companies that serve customers in Connecticut collect gross receipts taxes levied by the state of Connecticut from their customers.  These gross receipts taxes are recorded separately with collections in Operating Revenues and with payments in Taxes Other Than Income Taxes on the statements of income as follows: For the Three Months EndedFor the Nine Months Ended(Millions of Dollars)September 30, 2025September 30, 2024September 30, 2025September 30, 2024Eversource$62.4 $59.3 $176.8 $157.2 CL&P58.8 56.0 157.3 139.6As agents for state and local governments, Eversource's companies that serve customers in Connecticut and Massachusetts collect certain sales taxes that are recorded on a net basis with no impact on the statements of income. G.    Supplemental Cash Flow InformationNon-cash investing activities include plant additions included in Accounts Payable as follows:(Millions of Dollars)As of September 30, 2025As of September 30, 2024Eversource$423.8 $458.6 CL&P88.0 73.0 NSTAR Electric128.0 164.8 PSNH60.9 67.5 

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The following table reconciles cash and cash equivalents as reported on the balance sheets to the cash, cash equivalents and restricted cash balance as reported on the statements of cash flows: As of September 30, 2025As of December 31, 2024(Millions of Dollars)EversourceCL&PNSTAR ElectricPSNHEversourceCL&PNSTAR ElectricPSNHCash and Cash Equivalents as reported on the Balance Sheets$259.3