Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 44

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 44
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 costs increased for the nine month period due primarily to higher average prices and higher average purchased volumes, partially offset by a decrease in the retail cost deferral.

Included in transmission costs are charges that recover the cost of transporting electricity over high-voltage lines from generation facilities to substations, including costs allocated by ISO-NE to maintain the wholesale electric system.  The increase in transmission costs for the three month period was primarily the result of an increase in costs billed by ISO-NE that support regional grid investments and an increase in Local Network Service charges, which reflect the cost of transmission service provided by Eversource over our local transmission network.  These increases were partially offset by a decrease in the retail transmission cost deferral, which reflects the actual cost of transmission service compared to estimated amounts billed to customers.  The increase in transmission costs for the nine month period is the result of an increase in costs billed by ISO-NE that support regional grid investments, partially offset by a decrease in the retail transmission cost deferral and a decrease in the Local Network Service charge. 

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Operations and Maintenance expense includes tracked costs and costs that are part of base electric, natural gas and water distribution rates with changes impacting earnings (non-tracked costs).  The variance in Operations and Maintenance expense is due primarily to the following:(Millions of Dollars)Three Months Ended Nine Months EndedBase Electric Distribution (Non-Tracked Costs):Employee-related expenses (including labor and benefits)$7.7 $7.6 Shared corporate costs (including IT system depreciation at Eversource Service)6.2 11.0 Storm costs5.0 3.2 Operations-related expenses (including vegetation management, vendor services, vehicles and materials)0.6 (9.0)Uncollectible Expense(6.5)(0.4)General corporate costs (including vendor services in corporate areas, insurance, fees and assessments)(3.9)— Total Base Electric Distribution (Non-Tracked Costs)9.1 12.4 Tracked Electric Costs (Electric Distribution and Electric Transmission)13.8 22.2 Total Electric Distribution and Electric Transmission22.9 34.6 Natural Gas Distribution:Base (Non-Tracked Costs) - Increase for nine months ended due primarily to higher uncollectible expense and employee-related expenses(0.7)19.6 Tracked Costs 1.0 6.1 Total Natural Gas Distribution0.3 25.7 Water Distribution1.3 (