Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 203

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 203
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 decarbonize the environment and economy; (iv) prepare for future climate-driven impacts on the transmission and distribution systems; (v) accommodate increased transportation electrification, increased building electrification and other potential future demands on distribution and, where applicable, the transmission system; and (vi) minimize or mitigate impacts on Massachusetts ratepayers, thereby helping the state realize its statewide greenhouse gas emissions limits and sublimits under the law.  NSTAR Electric’s plan meets these requirements by providing a comprehensive view of all the investments required to build a safer, more reliable, more resilient electric distribution system to enable an affordable, equitable clean energy transition taking into account the needs of environmental justice communities.  For the five-year period from 2025 through 2029, the proposed incremental distribution capital investment is $608 million and the incremental distribution expense amount is $211 million.  On August 29, 2024, the DPU approved the overall ESMP for a five-year period commencing July 1, 2025.  

On November 21, 2024, the DPU opened a second phase of the proceeding to consider a short-term ESMP-focused cost recovery mechanism and metrics.  In issuing the notice of proceeding, the DPU limited the review of investment in this docket and excluded NSTAR Electric’s ESMP proposals regarding the EV Phase II extension, low and moderate income solar and the new CIPs.  These investments will be reviewed in separate proceedings.  This reduced the amount of company-proposed incremental capital investment to $295 million and the incremental expense to $44 million related to resiliency and grid modernization.  NSTAR Electric filed its proposed tariff and testimony on December 18, 2024, and is currently in the discovery process, which will be followed by hearings and briefing with completion of the proceeding and final orders expected prior to the start of the plan in July 2025.

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NSTAR Gas Distribution Rates:  NSTAR Gas’ PBR mechanism allows for an annual adjustment to base distribution rates for inflation and exogenous events.  On September 16, 2024, NSTAR Gas submitted its annual PBR Adjustment filing for a $12.7 million increase to base distribution rates for effect on November 1, 2024.  On October 30, 2024, the DPU approved this filing.

EGMA Distribution Rates:  On November 4, 2024, EGMA submitted a revised filing for its first rate base reset for rates to be effective