Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 331

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 331
---
 CYAPC maintains a trust to fund amounts due to the DOE for the disposal of pre-1983 spent nuclear fuel.  For further information, see Note 5, "Marketable Securities," to the financial statements.  Fees for disposal of nuclear fuel burned on or after April 7, 1983 were billed to member companies and paid to the DOE. Long-Term Debt Maturities:  Long-term debt maturities on debt outstanding for the years 2025 through 2029 and thereafter are shown below.  These amounts exclude PSNH rate reduction bonds, CYAPC pre-1983 spent nuclear fuel obligation, and unamortized premiums, discounts, and debt issuance costs as of December 31, 2024:(Millions of Dollars)EversourceCL&PNSTAR ElectricPSNH2025$1,400.3 $400.0 $250.0 $— 20261,390.2 — 300.0 — 20272,889.2 500.0 700.0 — 20281,978.5 — 150.0 — 20292,300.3 350.0 400.0 — Thereafter16,857.0 3,880.0 3,340.0 1,750.0 Total$26,815.5 $5,130.0 $5,140.0 $1,750.0 

10.    RATE REDUCTION BONDS AND VARIABLE INTEREST ENTITIES

Rate Reduction Bonds:  In May 2018, PSNH Funding, a wholly-owned subsidiary of PSNH, issued $635.7 million of securitized RRBs in multiple tranches with a weighted average interest rate of 3.66 percent, and final maturity dates ranging from 2026 to 2035.  The RRBs are expected to be repaid by February 1, 2033.  RRB payments consist of principal and interest and are paid semi-annually, beginning on February 1, 2019.  The RRBs were issued pursuant to a finance order issued by the NHPUC in January 2018 to recover remaining costs resulting from the divestiture of PSNH’s generation assets.  The proceeds were used by PSNH Funding to purchase PSNH’s stranded cost asset-recovery property, including its vested property right to