Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 174

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 174
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ource parent are included in Notes Payable to Eversource Parent and classified in current liabilities on the respective subsidiary's balance sheets, as these intercompany borrowings are outstanding for no more than 364 days at one time.  As a result of the CL&P long-term debt issuance in January 2024, $207.3 million of CL&P’s intercompany borrowings were reclassified to Long-Term Debt on CL&P’s balance sheet as of December 31, 2023. 

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Availability under Long-Term Debt Issuance Authorizations:  On May 1, 2024, the DPU approved NSTAR Electric’s request for authorization to issue up to $2.40 billion in long-term debt through December 31, 2026.  On July 24, 2024, PURA approved CL&P’s request for authorization to issue up to $1.00 billion in long-term debt through December 31, 2025.  On August 12, 2024, the DPU approved EGMA’s request for authorization to issue up to $325 million in long-term debt through December 31, 2026.  On December 18, 2024, the DPU approved NSTAR Gas’ request for authorization to issue up to $475 million in long-term debt through December 31, 2027.  On January 28, 2025, Yankee Gas submitted an application to PURA requesting authorization to issue up to $360 million in long-term debt through December 31, 2026.  PSNH has utilized its long-term debt authorizations in place with NHPUC.

Long-Term Debt Issuances and Repayments:  The following table summarizes long-term debt issuances and repayments:

(Millions of Dollars)Interest RateIssuance/(Repayment)Issue Date or Repayment DateMaturity DateUse of Proceeds for Issuance/Repayment InformationCL&P 2024 Series A First Mortgage Bonds 4.65 %$350.0 January 2024January 2029Repaid short-term debt, paid capital expenditures and working capital CL&P Series B First Mortgage Bonds4.95 %300.0 August 2024August 2034Repaid Series D Bonds, repaid short-term debt, and working capitalCL&P Series D First Mortgage Bonds7.875 %(139.8)October 2024October 2024Paid