Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 78

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 78
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 Eversource balance sheets.  For further information, see Note 17, “Assets Held for Sale.”

21

Regulatory Costs in Other Long-Term Assets:  Eversource's regulated companies had $259.2 million (including $138.9 million for CL&P, $47.5 million for NSTAR Electric and $7.0 million for PSNH) and $221.0 million (including $116.3 million for CL&P, $41.1 million for NSTAR Electric and $4.5 million for PSNH) of additional regulatory costs not yet specifically approved as of June 30, 2025 and December 31, 2024, respectively, that were included in Other Long-Term Assets on the balance sheets.  These amounts will be reclassified to Regulatory Assets upon approval by the applicable regulatory agency.  Based on regulatory policies or past precedent on similar costs, management believes it is probable that these costs will ultimately be approved and recovered from customers in rates.  As of June 30, 2025 and December 31, 2024, these regulatory costs included $124.8 million (including $68.2 million for CL&P and $31.8 million for NSTAR Electric) and $92.5 million (including $47.2 million for CL&P and $24.4 million for NSTAR Electric), respectively, of deferred uncollectible hardship costs.Regulatory Liabilities:  The components of regulatory liabilities were as follows: As of June 30, 2025As of December 31, 2024(Millions of Dollars)EversourceCL&PNSTARElectricPSNHEversourceCL&PNSTARElectricPSNHEDIT due to Tax Cuts and Jobs Act of 2017$2,422.1 $952.6 $866.5 $326.6 $2,442.7 $956.6 $877.6 $330.6 Regulatory Tracking Mechanisms896.8 289.7 457.2 93.5 702.4 180.3 413.6 114.4 Cost of Removal717.1 239.6 448.9 28.6 684.1 212.8 451.3 20.1 Deferred Portion of Non-Service Income   Components of Pension, SERP