Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 192

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 192
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 storm costs, and the timing of other working capital items.  These favorable impacts were partially offset by a decrease of $310.5 million in operating cash flows due to income tax payments made in 2025 compared to income tax refunds received in 2024, and the timing of cash payments made on our accounts payable. 

NSTAR Electric had cash flows provided by operating activities of $821.3 million for the nine months ended September 30, 2025, as compared to $572.2 million in the same period of 2024.  The increase in operating cash flows was due primarily to an improvement in regulatory recoveries driven primarily by the timing of collections for energy supply costs, net metering costs and other regulatory tracking mechanisms, a decrease of $115.6 million in cash payments to vendors for storm costs, and the timing of cash payments made on our accounts payable.  The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets, Net on the statements of cash flows.  These favorable impacts were partially offset by an increase of $44.8 million in income tax payments made in 2025 compared to 2024, an increase in cost of removal expenditures, the timing of cash collections on our accounts receivable, and the timing of other working capital items. 

PSNH had cash flows provided by operating activities of $358.3 million for the nine months ended September 30, 2025, as compared to $205.2 million in the same period of 2024.  The increase in operating cash flows was due primarily to a decrease of $85.5 million in cash payments to vendors for storm costs, an improvement in regulatory recoveries driven primarily by the timing of collections for retail and wholesale transmission costs and other regulatory tracking mechanisms, the timing of cash collections on our accounts receivable, a decrease in cost of removal expenditures, the timing of cash payments made on our accounts payable, and the timing of other working capital items. The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets, Net on the statements of cash flows. These favorable impacts were partially offset by a decrease of $106.9 million in operating cash flows due to income tax payments made in 2025 compared to income tax refunds received in 2024.

For further information on CL&P's, NSTAR Electric's and PSNH's liquidity and capital resources, see "Liquidity" and "Business Development and Capital Expenditures"