Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 3

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 3
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 to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.  New factors emerge from time to time and it is not possible for us to predict all of such factors, nor can we assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.  For more information, see Item 1A, Risk Factors, included in this combined Quarterly Report on Form 10-Q and in Eversource's 2024 combined Annual Report on Form 10-K.  This combined Quarterly Report on Form 10-Q and Eversource's 2024 combined Annual Report on Form 10-K also describe material contingencies and critical accounting policies in the accompanying Management's Discussion and Analysis of Financial Condition and Results of Operations and Combined Notes to Financial Statements.  We encourage you to review these items.

Financial Condition and Business Analysis

Executive Summary

Eversource Energy is a public utility holding company primarily engaged, through its wholly-owned regulated utility subsidiaries, in the energy delivery business.  Eversource Energy's wholly-owned regulated utility subsidiaries consist of CL&P, NSTAR Electric and PSNH (electric utilities), Yankee Gas, NSTAR Gas and EGMA (natural gas utilities) and Aquarion (water utilities).  Eversource is organized into the electric distribution, electric transmission, natural gas distribution, and water distribution reportable segments. 

The following items in this executive summary are explained in more detail in this combined Quarterly Report on Form 10-Q:

Earnings Overview and Future Outlook: 

•We earned $367.5 million, or $0.99 per share, in the third quarter of 2025, compared with a loss of $118.1 million, or $0.33 per share, in the third quarter of 2024.  We earned $1.27 billion, or $3.44 per share, in the first nine months of 2025, compared with $739.1 million, or $2.08 per share, in the first nine months of 2024.

•Our 2025 results include an aggregate net after-tax charge resulting from our previous offshore wind investments of $75.0 million, or $0.20 per share.  Our 2024 results include an after-tax loss on the sale of our offshore wind investments of