Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 85

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 85
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 $152.4 $18.6 $1.8 $26.7 $1.1 $0.9 $1.4 Restricted cash included in:Special Deposits85.5 1.0 29.3 19.6 75.8 1.0 8.1 32.7 Assets Held for Sale, Current5.9 — — — 5.8 — — — Marketable Securities10.3 — — — 10.0 — — — Other Long-Term Assets5.7 — — 3.2 9.0 — — 3.1 Cash, Cash Equivalents and Restricted Cash as reported on the Statements of Cash Flows$366.7 $153.4 $47.9 $24.6 $127.3 $2.1 $9.0 $37.2 Special Deposits represent cash collections related to the PSNH RRB customer charges that are held in trust, required ISO-NE cash deposits, cash held in escrow accounts, and CYAPC and YAEC cash balances.  Special Deposits are included in Current Assets on the balance sheets.  Restricted cash included in Marketable Securities represents money market funds held in restricted trusts to fund CYAPC and YAEC's spent nuclear fuel storage obligations.Eversource’s restricted cash also includes an Energy Relief Fund for energy efficiency and clean energy measures in the Merrimack Valley established under the terms of an EGMA 2020 settlement agreement.  This restricted cash held in escrow accounts included $20.0 million recorded as short-term in Special Deposits as of both September 30, 2025 and December 31, 2024, and $2.5 million and $5.9 million recorded in Other Long-Term Assets on the balance sheets as of September 30, 2025 and December 31, 2024, respectively.

2.    REGULATORY ACCOUNTING

Eversource's utility companies are subject to rate regulation that is based on cost recovery and meets the criteria for application of accounting guidance for rate-regulated operations, which considers the effect of regulation on the timing of the recognition of certain revenues and expenses.  The regulated companies' financial statements reflect the effects of the rate-making process.  The rates charged to the customers of