Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 8

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 2
Chunk 8
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versource's balance sheets.  As of March 31, 2025 and December 31, 2024, there were intercompany loans from Eversource parent to PSNH of $114.5 million and $131.1 million, respectively.  As of December 31, 2024, there were intercompany loans from Eversource parent to CL&P of $280.0 million.  Eversource parent charges interest on these intercompany loans at the same weighted-average interest rate as its commercial paper program.  Intercompany loans from Eversource parent are included in Notes Payable to Eversource Parent and classified in current liabilities on the respective subsidiary's balance sheets, as these intercompany borrowings are outstanding for no more than 364 days at one time.   

Long-Term Debt Issuance Authorizations:  On March 3, 2025, PSNH filed a petition with the NHPUC requesting authorization to issue up to $300.0 million in long-term debt through December 31, 2025.  On March 26, 2025, PURA approved Yankee Gas’ request for authorization to issue up to $360.0 million in long-term debt through December 31, 2026.  

Long-Term Debt Issuances and Repayments:  The following table summarizes long-term debt issuances and repayments:

(Millions of Dollars)Interest RateIssuance/(Repayment)Issue Date or Repayment DateMaturity DateUse of Proceeds for Issuance/Repayment InformationCL&P Series A First Mortgage Bonds4.95 %$400.0 January 2025January 2030Repaid short-term debt, paid capital expenditures and working capitalNSTAR Electric Debentures4.85 %400.0 February 2025March 2030Repay 3.25% Debentures at maturity, repaid short-term debt, paid capital expenditures and working capitalNSTAR Electric Debentures5.20 %400.0 February 2025March 2035Repay 3.25% Debentures at maturity, repaid short-term debt, paid capital expenditures and working capitalEversource Parent Series H Senior Notes3.15 %(300.0)January 2025January 2025Paid at maturityNSTAR Gas Series R First Mortgage Bonds2.33 %(75.0)May 2025May 2025Paid at maturity

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