Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 173

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 173
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,751 5.6 %Total Sales Volumes13,727 13,921 (1.4)%16,986 16,633 2.1 %8,775 8,314 5.5 %Nine Months Ended September 30:Traditional5,907 5,908 — %— — — %1,275 1,283 (0.6)%Decoupled32,729 32,435 0.9 %111,433 102,982 8.2 %18,726 18,257 2.6 %Total Sales Volumes38,636 38,343 0.8 %111,433 102,982 8.2 %20,001 19,540 2.4 %

Weather, fluctuations in energy supply rates, conservation measures (including utility-sponsored energy efficiency programs), and economic conditions affect customer energy usage and water consumption.  Industrial sales volumes are less sensitive to temperature variations than residential and commercial sales volumes.  In our service territories, weather impacts both electric and water sales volumes during the summer and both electric and natural gas sales volumes during the winter; however, natural gas sales volumes are more sensitive to temperature variations than electric sales volumes.  Customer heating or cooling usage may not directly correlate with historical levels or with the level of degree-days that occur.

Fluctuations in retail electric sales volumes at PSNH impact earnings ("Traditional" in the table above).  For CL&P, NSTAR Electric, NSTAR Gas, EGMA, Yankee Gas, and our Connecticut water distribution business, fluctuations in retail sales volumes do not materially impact earnings due to their respective regulatory commission-approved distribution revenue decoupling mechanisms ("Decoupled" in the table above).  These distribution revenues are decoupled from their customer sales volumes, which breaks the relationship between sales volumes and revenues recognized. 

Operating Revenues:  The variance in Operating Revenues by segment is as follows:

(Millions of Dollars)Three Months Ended Nine Months EndedElectric Distribution$85.1 $801.2 Natural Gas Distribution39.9 342.6 Electric Transmission36.1 110.7 Water Distribution2.1 5.8 Other13.6 19.6 Eliminations(19.4)(32.2)Total Operating Revenues$157.4 $1,247.7 

Electric and Natural