Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 55

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 55
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 balances and higher mill rates. 

•The increase at PSNH was due to higher property taxes as a result of higher utility plant balances. 

Interest Expense - the variance is due primarily to the following:

(Millions of Dollars)CL&PNSTAR ElectricPSNHLong-term debt$16.1 $36.5 $7.6 Capitalized AFUDC related to debt funds(7.4)(0.9)2.3 Amortization of debt discounts and premiums, net0.8 1.1 0.2 Regulatory deferrals(26.1)(15.2)(3.3)Short-term notes payable(12.2)(2.8)(3.0)RRBs— — (1.2)Other0.2 0.1 (0.1)Total Interest Expense$(28.6)$18.8 $2.5 

Other Income, Net - the variance is due primarily to the following: 

(Millions of Dollars)CL&PNSTAR ElectricPSNHPension, SERP and PBOP Non-Service Income Components, Net of Deferred Portion$5.5 $6.3 $2.0 Interest Income (primarily on regulatory deferrals)(13.8)(3.6)3.3 Capitalized AFUDC related to equity funds(13.0)(1.3)5.5 Investment Income/(Loss)(0.1)(3.4)(0.2)Other0.1 0.1 — Total Other Income, Net$(21.3)$(1.9)$10.6 

Income Tax Expense - the variance is due primarily to the following:

•The increase at CL&P was due primarily to higher pre-tax earnings ($7.1 million), higher share-based payment tax deficiency ($0.2 million), higher state taxes ($4.4 million), and an increase in items that impact our tax rate as a result of regulatory treatment (flow-through items) and permanent differences ($5.8 million), partially offset by an increase in amortization of EDIT ($1.0 million), a decrease in return to provision adjustments ($1.3 million), and a decrease in reserves ($8.8 million).

•The increase at NSTAR Electric was due primarily to higher pre-tax earnings ($8.2 million), higher state taxes ($2.5 million), higher share-based payment tax deficiency ($0.3 million),