Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 7

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 7
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ution in the third quarter of 2025 and $0.14 earnings per share dilution in the first nine months of 2025, as compared to the third quarter of 2024 and the first nine months of 2024, respectively.

Regulated Companies:  Our regulated companies comprise the electric distribution, electric transmission, natural gas distribution, and water distribution segments.  A summary of our segment earnings/(loss) and EPS is as follows: 

 For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024(Millions of Dollars, Except Per Share Amounts)AmountPer ShareAmountPer ShareAmountPer ShareAmountPer ShareElectric Distribution$221.6 $0.60 $203.5 $0.57 $571.6 $1.55 $521.3 $1.47 Electric Transmission185.5 0.50 174.9 0.49 593.0 1.60 540.6 1.52 Natural Gas Distribution(16.8)(0.05)(30.2)(0.09)236.9 0.64 187.4 0.53 Water Distribution18.9 0.05 23.7 0.07 36.8 0.10 37.1 0.10 Net Income - Regulated Companies$409.2 $1.10 $371.9 $1.04 $1,438.3 $3.89 $1,286.4 $3.62 

Our electric distribution segment earnings increased $18.1 million and $50.3 million in the third quarter and the first nine months of 2025, respectively, as compared to the third quarter and first nine months of 2024, due primarily to higher revenues from base distribution rate increases at PSNH effective August 1, 2024 and August 1, 2025 and at NSTAR Electric effective January 1, 2025 and from CL&P's capital tracking mechanism due to increased electric system improvements.  Earnings also benefited from the impact of the PSNH rate case decision in July 2025.  

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Those earnings increases were partially offset by higher property tax expense, higher interest expense, higher depreciation expense, lower net interest income on regulatory deferrals, and higher operations and maintenance expense.

Our electric transmission segment earnings increased $