Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 176

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 176
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5)$8.6 $144.2 CL&P NBFMCC(76.9)267.2 — — CL&P SBC(9.9)143.7 — — Retail transmission86.0 152.9 — — Energy efficiency24.7 (19.1)10.7 60.7 Other distribution tracking mechanisms(3.6)98.3 (1.4)17.2 Wholesale Market Sales Revenue46.8 252.4 0.6 18.7 

Fluctuations in retail tariff tracked revenues are driven by adjustments to retail rates to recover costs and changes in sales volumes.

The decreases in energy supply procurement within electric distribution for the three and nine month periods were driven by lower average prices, partially offset by higher average supply-related sales volumes.  The increase in energy supply procurement within natural gas distribution for the three month period was driven by higher average prices, partially offset by lower average supply-related sales volumes.  The increase in energy supply procurement within natural gas distribution for the nine month period was driven by higher average prices and higher average supply-related sales volumes.

The variance in CL&P’s NBFMCC revenues for the three and nine month periods was driven by changes in the retail NBFMCC rate.  The CL&P NBFMCC rate includes the recovery of costs incurred under long-term state mandated energy purchase contracts with the Millstone and Seabrook nuclear power plants, net of the benefits received from selling this energy into the ISO-NE wholesale market.  The rate changes primarily resulted from the timing of recovery of net costs associated with power purchase agreements with the Millstone and Seabrook nuclear power plants.  The average NBFMCC rates are as follows:

Effective DateSeptember 1, 2023July 1, 2024September 1, 2024May 1, 2025September 1, 2025Average NBFMCC Rate$0.00293 $0.03906 $0.04290 $0.02109 $0.01675 

The increase in electric distribution wholesale market sales revenue for the three and nine month periods was due primarily to higher average electricity market prices received for wholesale sales at CL&P.  ISO-NE average market prices received for CL&P’s wholesale sales increased to an average price of $48.79 per MWh and $64.09 per