Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 264

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 264
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 the following, among others:

•      We tested the effectiveness of management’s controls over the evaluation of the likelihood of the recovery in future rates of costs deferred as regulatory assets.

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•      We evaluated the Company’s disclosures related to the applicability and impacts of rate regulation, including the balances recorded and regulatory developments disclosed in the financial statements.

•      We read relevant regulatory orders issued by the Commissions for the Company and other public utilities, regulatory statutes, interpretations, procedural memorandums, filings made by intervenors, and other publicly available information to assess the likelihood of recovery in future rates based on precedents of the Commissions’ treatment of similar costs under similar circumstances.  We also evaluated the external information and compared it to management’s recorded regulatory asset and liability balances for completeness.

•      For regulatory matters in process, we inspected the Company’s filings with the Commissions and the filings with the Commissions by intervenors that may impact the Company’s future rates, for any evidence that might contradict management’s assertions.

•      We made inquiries of management, including legal counsel, and obtained the regulatory orders and analysis from management that support the probability of recovery in rates for regulatory assets to assess management’s assertion that amounts are probable of recovery.

/s/ Deloitte & Touche LLP          

Hartford, Connecticut

February 14, 2025 

We have served as the Company’s auditor since 2012.

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NSTAR ELECTRIC COMPANY AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

 As of December 31,(Thousands of Dollars)20242023ASSETS  Current Assets:  Cash$911 $6,740 Receivables, Net (net of allowance for uncollectible accounts of $114,910 and $97,026 as of December 31, 2024 and   2023, respectively)614,563 487,707 Accounts Receivable from Affiliated Companies82,921 74,634 Unbilled Revenues59,079 49,897 Materials, Supplies and REC Inventory220,621 173,770 Regulatory Assets902,770 676,083 Prepayments and Other Current Assets72,986 41,464 Total Current Assets1,953,851 1,510,295 Property, Plant and Equipment, Net14,037,828 12,753,787 Deferred Debits and Other Assets:  Regulatory Assets1,204,337 1,281