Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 166

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 166
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9 million, or $0.02 per share.  Excluding these charges, our non-GAAP earnings were $1.63 billion, or $4.57 per share, in 2024, compared with non-GAAP earnings of $1.52 billion, or $4.34 per share, in 2023.

•We project that we will earn within a 2025 earning guidance range of between $4.67 per share and $4.82 per share.  We also project that our long-term EPS growth rate through 2029 will be in a 5 to 7 percent range, using 2024 non-GAAP EPS of $4.57 per share as the base year. 

Liquidity:

•Cash flows provided by operating activities totaled $2.16 billion in 2024, compared with $1.65 billion in 2023.  Investments in property, plant and equipment totaled $4.48 billion in 2024, compared with $4.34 billion in 2023.  

29

•Cash totaled $26.7 million as of December 31, 2024, compared with $53.9 million as of December 31, 2023.  Our available borrowing capacity under our commercial paper programs totaled $607.2 million as of December 31, 2024.  

•In 2024, we issued $4.50 billion of new long-term debt and we repaid $1.95 billion of long-term debt.

•In 2024, we paid dividends totaling $2.86 per common share, compared with dividends of $2.70 per common share in 2023.  Our quarterly common share dividend payment was $0.715 per share in 2024, as compared to $0.675 per share in 2023.  On January 29, 2025, our Board of Trustees approved a common share dividend payment of $0.7525 per share, payable on March 31, 2025 to shareholders of record as of March 4, 2025.

•We project to make capital expenditures of $24.17 billion from 2025 through 2029, of which we expect $10.22 billion to be in our electric distribution segment, $6.00 billion to be in our natural gas distribution segment, and $6.81 billion to be in our electric transmission segment.  We also project to invest $1.15 billion in information