Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 57

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 57
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stone and Seabrook contract cash flows were higher in 2025 as compared to 2024.  These higher collections within the non-bypassable FMCC resulted in an improvement to operating cash flows of $451.5 million for the nine month period.  Higher collections from the SBC mechanism resulted in a cash flow improvement of $136.8 million.  The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets/(Liabilities), Net on the statements of cash flows.  Additionally, CL&P received general obligation bond proceeds from the State of Connecticut for the reimbursement of hardship costs and for electric vehicle charging program costs of $107.8 million in the third quarter of 2025, which are reflected in Regulatory Recoveries.  Operating cash flows were also favorably impacted by the timing of cash collections on our accounts receivable, a decrease of $61.1 million in cash payments to vendors for storm costs, and the timing of other working capital items.  These favorable impacts were partially offset by a decrease of $310.5 million in operating cash flows due to income tax payments made in 2025 compared to income tax refunds received in 2024, and the timing of cash payments made on our accounts payable. 

NSTAR Electric had cash flows provided by operating activities of $821.3 million for the nine months ended September 30, 2025, as compared to $572.2 million in the same period of 2024.  The increase in operating cash flows was due primarily to an improvement in regulatory recoveries driven primarily by the timing of collections for energy supply costs, net metering costs and other regulatory tracking mechanisms, a decrease of $115.6 million in cash payments to vendors for storm costs, and the timing of cash payments made on our accounts payable.  The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets, Net on the statements of cash flows.  These favorable impacts were partially offset by an increase of $44.8 million in income tax payments made in 2025 compared to 2024, an increase in cost of removal expenditures, the timing of cash collections on our accounts receivable, and the timing of other working capital items. 

PSNH had cash flows provided by operating activities of $358.3 million for the nine months ended September 30, 2025, as compared to $205.2 million in the same period of 2024.  The