Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 205

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 205
---
 DPU preserved customer choice for energy needs and encouraged further development of decarbonized alternatives, such as the networked geothermal systems that NSTAR Gas is piloting in Framingham, Massachusetts.  

On December 29, 2023, Eversource and other LDCs sought formal clarity from the DPU to fully understand the resulting impact to their natural gas businesses and the associated timing of any impacts.  On April 2, 2024, the DPU issued an order responding to the request for clarification indicating that the LDCs shall implement the inclusion of a Non-Gas Pipeline Alternatives (NPA) analysis on all project authorizations effective immediately.  Existing NPA analysis processes will be used until such time a formal stakeholder-based NPA analysis framework is established and approved by the DPU.  Eversource, along with the other LDCs, have engaged a consultant to inform the development of the required NPA framework by conducting a stakeholder engagement process as mandated by the order.  Another component of the order is the submission of climate compliance plans every five years beginning April 1, 2025. The climate compliance plan filings will include the NPA frameworks, along with energy transitions plans including details on the management of embedded infrastructure investments and cost recovery. Eversource along with the LDCs, have also contracted a consultant to model and investigate statewide cost recovery scenarios including under accelerated depreciation rates. 

The DPU also indicated that NSTAR Gas and EGMA are not required to provide climate compliance performance metrics in the next PBR filing, however would be expected to propose metrics at the latest in the next base distribution rate proceeding.  GHG emissions reporting was not changed from the order, however, effective November of 2024, reporting requirements have changed per the MA DEP and these requirements implement registration and GHG emissions reporting requirements for companies selling and distributing heating fuels to homes and businesses in Massachusetts, including suppliers of natural gas, fuel oil, and propane, and implement a reporting requirement for fuel storage facilities.  

Eversource does not believe there is any indication of an inability to recover costs or risk of impairment of NSTAR Gas’ and EGMA’s natural gas assets at this time. 

New Hampshire:

PSNH Distribution Rate Case:  On June 11, 2024, PSNH filed an application with the NHPUC for approval of a temporary annual base distribution rate increase.  On July 31, 2024, the NHPUC approved a settlement agreement that was