Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 32

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 2
Chunk 32
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’s NBFMCC retail revenues and CL&P’s wholesale market sales, as compared to the actual costs incurred, are deferred on the income statement by an offset to amortization expense.  

Transmission Revenues:  Transmission revenues increased $12.2 million at CL&P, $15.6 million at NSTAR Electric, and $12.2 million at PSNH for the three month period, due primarily to a higher transmission rate base as a result of our continued investment in our transmission infrastructure.

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Eliminations:  Eliminations are primarily related to the Eversource electric transmission revenues that are derived from ISO-NE regional transmission charges to the distribution businesses of CL&P, NSTAR Electric and PSNH that recover the costs of the wholesale transmission business in rates charged to their customers.  The impact of eliminations decreased revenues by $16.3 million at CL&P, $20.4 million at NSTAR Electric, and $11.1 million at PSNH for the three month period.

Purchased Power and Transmission expense includes costs associated with providing electric generation service supply to all customers who have not migrated to third party suppliers, the cost of energy purchase contracts entered into as required by regulation, and transmission costs.  These energy supply procurement costs, other energy-related costs, and transmission costs are recovered from customers in rates through commission-approved cost tracking mechanisms, which have no impact on earnings (tracked costs).  The variance in Purchased Power and Transmission expense is due primarily to the following: 

(Millions of Dollars)CL&PNSTAR ElectricPSNHEnergy supply procurement costs$(52.5)$(26.9)$(8.5)Other electric distribution costs20.7 47.4 (4.6)Transmission costs(23.7)35.5 16.3 Eliminations(16.3)(20.4)(11.1)Total Purchased Power and Transmission$(71.8)$35.6 $(7.9)

The variance in energy supply procurement costs is offset in Operating Revenues (tracked energy supply procurement revenues).  The variance in other electric distribution costs for the three month period is due to higher long-term contractual energy-related costs that are recovered in the non-bypassable component of the FMCC mechanism at CL&P, an increase in the long-term renewable energy contract cost deferral and higher net metering costs at NSTAR Electric, partially offset by a decrease in long-term renewable energy purchase contract costs at both NSTAR Electric and PSNH.

Included in transmission costs