Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 41

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 41
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 without mark-up from, its customers, and records offsetting amounts in revenues and purchased power related to this energy supply procurement.  CL&P, NSTAR Electric and PSNH each remain as the distribution service provider for all customers and charge a regulated rate for distribution delivery service recorded in revenues.  Certain eligible natural gas customers may elect to purchase natural gas from their Eversource natural gas utility or may contract separately with a gas supply operator.  Revenue is not recorded for the sale of the natural gas commodity to customers who have contracted separately with these operators, only the delivery to a customer, as the utility is acting as an agent on behalf of the gas supply operator.

The variance in tracked distribution revenues for the three and nine month periods is due primarily to the following:

Electric DistributionNatural Gas Distribution(Millions of Dollars)Three Months Ended Nine Months EndedThree Months EndedNine Months EndedRetail Tariff Tracked Revenues:Energy supply procurement$(7.2)$(180.5)$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