Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 37

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 2
Chunk 37
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 as a result of the 2024 RAM decision and the net Millstone and Seabrook contract cash flows were higher in 2025 as compared to 2024.  These higher collections resulted in an improvement to operating cash flows of $342.6 million for the three month period.  The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets/(Liabilities), Net on the statements of cash flows.  Operating cash flows were also favorably impacted by the timing of cash collections on our accounts receivable, and a $34.9 million decrease in cash payments to vendors for storm costs.  These favorable impacts were partially offset by a $95.6 million decrease in operating cash flows due to income tax payments made in 2025 compared to income tax refunds received in 2024, the timing of cash payments made on our accounts payable, and the timing of other working capital items.

NSTAR Electric had cash flows provided by operating activities of $311.4 million for the three months ended March 31, 2025, as compared to $152.6 million in the same period of 2024.  The increase in operating cash flows was due primarily to an improvement in regulatory recoveries driven primarily by the timing of collections for energy supply costs, energy efficiency costs, net metering costs and other regulatory tracking mechanisms, a $60.2 million decrease in cash payments to vendors for storm costs, and a $45.3 million increase in operating cash flows due to income tax refunds received in 2025 compared to income tax payments made in 2024.  The impacts of regulatory collections are included in both Regulatory Recoveries and Amortization of Regulatory Assets, Net on the statements of cash flows.  These favorable impacts were partially offset by the timing of cash collections on our accounts receivable, the timing of cash payments made on our accounts payable, an increase in cost of removal expenditures, and the timing of other working capital items. 

PSNH had cash flows provided by operating activities of $99.4 million for the three months ended March 31, 2025, as compared to $51.8 million in the same period of 2024.  The increase in operating cash flows was due primarily to an improvement in regulatory recoveries driven primarily by the timing of collections for retail and wholesale transmission costs and other regulatory tracking mechanisms, the timing of cash payments made on our accounts payable, a decrease in cost of removal expenditures, and the timing of other