Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 85

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 85
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 for yields and maturity dates.  Corporate debt securities are valued using a market approach, utilizing recent trades of the same or similar instruments and also incorporating yield curves, credit spreads and specific bond terms and conditions.  Asset-backed debt securities include collateralized mortgage obligations, commercial mortgage backed securities, and securities collateralized by auto loans, credit card loans or receivables.  Asset-backed debt securities are valued using recent trades of similar instruments, prepayment assumptions, yield curves, issuance and maturity dates, and tranche information.  Municipal bonds are valued using a market approach that incorporates reported trades and benchmark yields.  Other fixed income securities are valued using pricing models, quoted prices of securities with similar characteristics, and discounted cash flows.

6.    SHORT-TERM AND LONG-TERM DEBT 

Short-Term Debt - Commercial Paper Programs and Credit Agreements:  Eversource parent has a $2.00 billion commercial paper program allowing Eversource parent to issue commercial paper as a form of short-term debt.  Eversource parent, CL&P, PSNH, NSTAR Gas, Yankee Gas, EGMA and Aquarion Water Company of Connecticut are parties to a five-year $2.00 billion revolving credit facility, which terminates on October 11, 2029.  This revolving credit facility serves to backstop Eversource parent's $2.00 billion commercial paper program.  NSTAR Electric has a $650.0 million commercial paper program allowing NSTAR Electric to issue commercial paper as a form of short-term debt.  NSTAR Electric is also a party to a five-year $650.0 million revolving credit facility, which terminates on October 11, 2029, that serves to backstop NSTAR Electric's $650.0 million commercial paper program.  The amount of borrowings outstanding and available under the commercial paper programs were as follows:Borrowings Outstanding as ofAvailable Borrowing Capacity as ofWeighted-Average Interest Rate as ofJune 30, 2025December 31, 2024June 30, 2025December 31, 2024June 30, 2025December 31, 2024(Millions of Dollars)Eversource Parent Commercial Paper Program $950.5 $1,538.0 $1,049.5 $462.0 4.78 %4.76 %NSTAR Electric Commercial Paper Program 430.0 504.8