Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 286

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 286
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 the AFUDC related to equity funds is recorded as Other Income, Net on the statements of income.  AFUDC costs are recovered from customers over the service life of the related plant in the form of increased revenue collected as a result of higher depreciation expense. The average AFUDC rate is based on a FERC-prescribed formula using the cost of a company's short-term financings and capitalization (preferred stock, long-term debt and common equity), as appropriate.  The average rate is applied to average eligible CWIP amounts to calculate AFUDC. AFUDC costs and the weighted-average AFUDC rates were as follows:EversourceFor the Years Ended December 31,(Millions of Dollars, except percentages)202420232022Borrowed Funds$64.4 $44.6 $21.8 Equity Funds97.8 78.1 47.3 Total AFUDC$162.2 $122.7 $69.1 Average AFUDC Rate6.5 %5.8 %4.7 % For the Years Ended December 31, 202420232022(Millions of Dollars,except percentages)CL&PNSTARElectricPSNHCL&PNSTARElectricPSNHCL&PNSTARElectricPSNHBorrowed Funds$8.1 $27.2 $8.9 $7.7 $17.2 $6.1 $4.8 $10.7 $1.4 Equity Funds22.4 58.8 7.0 20.0 45.7 5.4 13.6 24.6 2.5 Total AFUDC$30.5 $86.0 $15.9 $27.7 $62.9 $11.5 $18.4 $35.3 $3.9 Average AFUDC Rate6.7 %7.0 %5.5 %6.7 %5.9 %5.1 %6.6 %5.4 %2.6 % L.     Other Income, NetThe components of Other Income, Net on the statements of income were as follows:EversourceFor the Years Ended December 31,(Millions of Dollars)202420232022Pension, SERP and PBOP