Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 173

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 173
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 of December 31,Weighted-Average Interest Rate as of December 31,(Millions of Dollars)202420232024202320242023Eversource Parent Commercial Paper Program $1,538.0 $1,771.9 $462.0 $228.1 4.76 %5.60 %NSTAR Electric Commercial Paper Program 504.8 365.8 145.2 284.2 4.55 %5.40 %

There were no borrowings outstanding on the revolving credit facilities as of December 31, 2024 or 2023.

CL&P and PSNH have uncommitted line of credit agreements totaling $375 million and $250 million, respectively, all of which will expire in either May 2025, September 2025 or October 2025.  There are no borrowings outstanding on either the CL&P or PSNH uncommitted line of credit agreements as of December 31, 2024.

Amounts outstanding under the commercial paper programs are included in Notes Payable and classified in current liabilities on the Eversource and NSTAR Electric balance sheets, as all borrowings are outstanding for no more than 364 days at one time.  As a result of the CL&P long-term debt issuance in January 2024, $207.3 million of commercial paper borrowings under the Eversource parent commercial paper program were reclassified to Long-Term Debt on Eversource parent’s balance sheet as of December 31, 2023.  

Intercompany Borrowings:  Eversource parent uses its available capital resources to provide loans to its subsidiaries to assist in meeting their short-term borrowing needs.  Eversource parent records intercompany interest income from its loans to subsidiaries, which is eliminated in consolidation.  Intercompany loans from Eversource parent to its subsidiaries are eliminated in consolidation on Eversource's balance sheets.  As of December 31, 2024, there were intercompany loans from Eversource parent to CL&P of $280.0 million and to PSNH of $131.1 million.  As of December 31, 2023, there were intercompany loans from Eversource parent to CL&P of $457.0 million and to PSNH of $233.0 million.  Eversource parent charges interest on these intercompany loans at the same weighted-average interest rate as its commercial paper program.  Intercompany loans from Evers