Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 17

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 17
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 NSTAR Electric, and PSNH were $3.18 billion, $657.4 million, $1.21 billion, and $402.8 million, respectively.  Capital expenditures were primarily for continuing projects to maintain and improve infrastructure and operations, including enhancing reliability to the transmission and distribution systems.

Payments made in 2025 related to Eversource’s offshore wind contingent obligation, which include a purchase price adjustment payment related to the South Fork Wind project, are reflected in investing activities on the statement of cash flows.

Contractual Obligations:  Our cash requirements from contractual obligations were reported in Item 7, "Management’s Discussion and Analysis of Financial Condition and Results of Operations," of the Eversource 2024 Form 10-K.  There have been no material changes to our cash requirements from contractual obligations and payment schedules previously disclosed in our 2024 Form 10-K.

Credit Ratings:  On September 15, 2025, Fitch revised the outlook from stable to watch negative for Eversource parent, CL&P, NSTAR Electric and PSNH due to the stop-work order for the Revolution Wind project.

Business Development and Capital Expenditures

Our consolidated capital expenditures, including amounts incurred but not paid, cost of removal, AFUDC, and the capitalized and deferred portions of pension and PBOP income/expense (all of which are non-cash factors), totaled $3.34 billion in the first nine months of 2025, compared to $3.40 billion in the first nine months of 2024.  These amounts included $171.8 million and $209.4 million in the first nine months of 2025 and 2024, respectively, related to information technology and facilities upgrades and enhancements, primarily at Eversource Service and The Rocky River Realty Company.

Electric Transmission Business:  Our consolidated electric transmission business capital expenditures decreased by $189.7 million in the first nine months of 2025, as compared to the first nine months of 2024.  A summary of electric transmission capital expenditures by company is as follows:  

 For the Nine Months Ended September 30,(Millions of Dollars)20252024CL&P$255.3 $351.4 NSTAR Electric342.7 366.9 PSNH210.6 280.0 Total Electric Transmission$808.6 $998.3 

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Our transmission projects are designed to improve the reliability of the electric grid, meet