Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 166

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 166
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 non-bypassable FMCC deferral adjustment for the six month period.  

58

•The variance at NSTAR Electric was due primarily to the deferral adjustment of costs included in the solar facilities and advanced metering infrastructure regulatory mechanisms, partially offset by the deferral adjustment of energy-related and other tracked costs that are included in the grid modernization regulatory mechanism and higher amortization of storm costs recovered in rates.

•The variance at PSNH was due to the deferral adjustment of energy related and other tracked costs. 

Energy Efficiency Programs expense includes costs of various state energy policy initiatives and expanded energy efficiency programs that are recovered from customers in rates, most of which have no impact on earnings.  Energy Efficiency Programs expense includes a deferral adjustment that reflects the actual costs of energy efficiency programs compared to the amounts billed to customers, which can fluctuate from period to period based on the timing of costs incurred and related rate changes to recover these costs.  The variance in Energy Efficiency Programs expense for the six month period is due primarily to the following:

•The increase at CL&P was due to the deferral adjustment and higher program spending.

•The decrease at NSTAR Electric was due to the deferral adjustment, partially offset by higher 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$12.2 $26.4 $4.3 Capitalized AFUDC related to debt funds(2.4)(0.2)1.9 Amortization of debt discounts and premiums, net0.6 0.7 — Regulatory deferrals(20.3)(13.3)(2.6)Short-term notes payable(9.3)(3.2)(1.0)RRBs— — (0.8)Other0.2 0.1 (0.1)Total Interest Expense$(