Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 118

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 118
---
 and payments, insurance, and regulatory assessments.  Other includes information technology system depreciation at Eversource Service charged to the operating businesses, as well as storm funding, capitalization and various other corporate costs.  The segment-level operating expense for information technology system depreciation is eliminated and reflected in depreciation in Eversource’s consolidation.For the water distribution segment, the chief operating decision maker is provided with total operations and maintenance expense information to manage its operations. Operations and maintenance expenses primarily include employee costs, benefits, and outside services.

38

(2)    Other segment line items for the electric distribution, electric transmission and natural gas distribution segments primarily include purchased power, purchased natural gas and transmission, taxes other than income taxes including property, payroll-related and Connecticut gross earnings taxes, and energy efficiency program expenses.  Other segment line items for the water distribution business primarily include taxes other than income taxes.  The following table summarizes Eversource's segmented total assets:Eversource(Millions of Dollars)Electric DistributionNatural GasDistributionElectricTransmissionWater DistributionOtherEliminationsTotalAs of June 30, 2025$32,973.2 $10,092.5 $16,679.4 $2,568.4 $28,405.2 $(29,762.6)$60,956.1 As of December 31, 202432,031.9 9,786.7 16,070.9 2,515.8 29,041.1 (29,851.9)59,594.5 

17.    ASSETS HELD FOR SALE

On January 27, 2025, Eversource entered into a definitive agreement to sell the Aquarion water distribution business.  Subject to certain closing adjustments, the aggregate enterprise value of the sale is approximately $2.4 billion in cash, which includes approximately $1.6 billion for the equity and $800 million of net debt that will be extinguished at closing.  The sale is subject to approval by PURA, DPU and the NHPUC, as well as other approvals pursuant to the Hart-Scott-Rodino Antitrust Improvements Act, for which the relevant waiting period has expired, as well as other customary closing conditions.  The sale is expected to close in late 2025.  Eversource plans to use the net proceeds from the pending sale to pay down Eversource parent debt.The assets and liabilities of the Aquar