Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 330

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 330
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 %70.0 August 2024September 2034Repaid short-term debt, paid capital expenditures and general corporate purposesLong-Term Debt Provisions:  The utility plant of CL&P, PSNH, Yankee Gas, NSTAR Gas, EGMA and a portion of Aquarion is subject to the lien of each company's respective first mortgage bond indenture.  The Eversource parent, NSTAR Electric and a portion of Aquarion debt is unsecured.  Additionally, the long-term debt agreements provide that Eversource and certain of its subsidiaries must comply with certain covenants as are customarily included in such agreements, including equity requirements for NSTAR Electric, NSTAR Gas and Aquarion.  Under the equity requirements, NSTAR Electric's and Aquarion's senior notes must maintain a certain consolidated indebtedness to capitalization ratio as of the end of any fiscal quarter and NSTAR Gas' outstanding long-term debt must not exceed equity. Certain secured and unsecured long-term debt securities are callable at redemption price or are subject to make-whole provisions. No long-term debt defaults have occurred as of December 31, 2024. 

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CYAPC's Pre-1983 Spent Nuclear Fuel Obligation:  Under the Nuclear Waste Policy Act of 1982, the DOE is responsible for the selection and development of repositories for, and the disposal of, spent nuclear fuel and high-level radioactive waste.  CYAPC is obligated to pay the DOE for the costs to dispose of spent nuclear fuel and high-level radioactive waste generated prior to April 7, 1983 (pre-1983 Spent Nuclear Fuel).  CYAPC has partially paid this obligation and recorded an accrual for its remaining liability to the DOE.  This liability accrues interest costs at the 3-month Treasury bill yield rate.  For nuclear fuel used to generate electricity prior to April 7, 1983, payment may be made any time prior to the first delivery of spent fuel to the DOE.  As of December 31, 2024 and 2023, as a result of consolidating CYAPC, Eversource has consolidated $5.6 million and $12.5 million, respectively, in pre-1983 spent nuclear fuel obligations to the DOE.  The obligation includes accumulated interest costs of $4.3 million and $9.5 million as of December 31, 2024 and 2023, respectively.