Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 72

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 72
---
 Gas, EGMA and Aquarion Water Company of Connecticut are parties to a five-year $2.00 billion revolving credit facility, which terminates on October 11, 2029.  This revolving credit facility serves to backstop Eversource parent's $2.00 billion commercial paper program.  NSTAR Electric has a $650 million commercial paper program allowing NSTAR Electric to issue commercial paper as a form of short-term debt.  NSTAR Electric is also a party to a five-year $650 million revolving credit facility, which terminates on October 11, 2029, that serves to backstop NSTAR Electric's $650 million commercial paper program.  The amount of borrowings outstanding and available under the commercial paper programs were as follows:Borrowings Outstanding as ofAvailable Borrowing Capacity as ofWeighted-Average Interest Rate as ofMarch 31, 2025December 31, 2024March 31, 2025December 31, 2024March 31, 2025December 31, 2024(Millions of Dollars)Eversource Parent Commercial Paper Program $1,381.6 $1,538.0 $618.4 $462.0 4.78 %4.76 %NSTAR Electric Commercial Paper Program 108.5 504.8 541.5 145.2 4.43 %4.55 %There were no borrowings outstanding on the revolving credit facilities as of March 31, 2025 and December 31, 2024.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 March 31, 2025 and December 31, 2024.

24

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.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.