Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 35

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 2
Chunk 35
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 program spending. 

•The increase at PSNH was due to higher program spending, partially offset by the deferral adjustment.

Taxes Other Than Income Taxes - the variance is due primarily to the following:

•The increase at CL&P was due to higher Connecticut gross earnings taxes and higher property taxes as a result of higher utility plant balances. 

•The increase at NSTAR Electric was due to higher property taxes as a result of higher utility plant balances and higher mill rates. 

•The increase at PSNH was due to higher property taxes as a result of higher utility plant balances. 

Interest Expense - the variance is due primarily to the following:

(Millions of Dollars)CL&PNSTAR ElectricPSNHLong-term debt$6.2 $11.8 $4.0 Capitalized AFUDC related to debt funds0.1 2.8 1.2 Amortization of debt discounts and premiums, net0.3 0.3 — Regulatory deferrals(7.9)(3.3)(1.2)Short-term notes payable(3.7)(1.8)(2.2)RRBs— — (0.4)Other0.2 — — Total Interest Expense$(4.8)$9.8 $1.4 

Other Income, Net - the variance is due primarily to the following: 

(Millions of Dollars)CL&PNSTAR ElectricPSNHPension, SERP and PBOP Non-Service Income Components, Net of Deferred Portion$1.8 $2.5 $0.5 Interest Income0.9 1.0 0.9 Capitalized AFUDC related to equity funds(2.4)(2.1)2.0 Investment Income/(Loss)0.8 (2.2)0.3 Total Other Income, Net$1.1 $(0.8)$3.7 

Income Tax Expense - the variance is due primarily to the following:

•The increase at CL&P was due primarily to higher pre-tax earnings ($5.2 million), a decrease in amortization of EDIT ($0.9 million), higher share-based payment tax deficiency ($0.2 million), and higher state taxes ($1.5 million), partially offset by a decrease in items that impact our tax rate as a result of regulatory treatment (flow-through items) and permanent differences ($1.0 million).

•The increase