Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 50

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 50
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 separately with these competitive suppliers, revenue is not recorded for the sale of the electricity commodity, as the utility is acting as an agent on behalf of the third party supplier.  For customers that choose to purchase electric generation from CL&P, NSTAR Electric or PSNH, each utility purchases power on behalf of, and is permitted to recover the related energy supply cost without mark-up from, its customers, and records offsetting amounts in revenues and purchased power related to this energy supply procurement.  CL&P, NSTAR Electric and PSNH each remain as the distribution service provider for all customers and charge a regulated rate for distribution delivery service recorded in revenues.  

The variance in tracked distribution revenues for the nine month period is due primarily to the following:

(Millions of Dollars)CL&PNSTAR ElectricPSNHRetail Tariff Tracked Revenues:Energy supply procurement$(89.6)$(85.3)$(5.6)CL&P NBFMCC267.2 — — CL&P SBC143.7 — — Retail transmission8.9 99.7 44.3 Energy efficiency0.7 (14.6)(5.2)Other distribution tracking mechanisms56.2 78.1 (36.0)Wholesale Market Sales Revenue219.5 34.8 (1.9)

Fluctuations in retail tariff tracked revenues are driven by adjustments to retail rates to recover costs and changes in sales volumes.

The decrease in energy supply procurement at CL&P for the nine month period was driven by lower average prices, partially offset by higher average supply-related sales volumes.  The decrease in energy supply procurement at NSTAR Electric for the nine month period was driven by lower average supply-related sales volumes and lower average prices.  The decrease in energy supply procurement at PSNH for the nine month period was driven by lower average supply-related sales volumes, partially offset by higher average prices.

The variance in CL&P’s NBFMCC revenues for the nine month period was driven by changes in the retail NBFMCC rate.  The CL&P NBFMCC rate includes the recovery of costs incurred under long-term state mandated energy purchase contracts with the Millstone and Seabrook nuclear power plants, net of the benefits received from selling this energy into the ISO-NE wholesale market.  The rate changes primarily resulted from the timing of recovery of net costs associated with power purchase agreements with the Millstone and Seabrook nuclear power plants.  The average