Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 283

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 283
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 as of December 31, 2024, and $8.5 million and $14.5 million, respectively, as of December 31, 2023. G.     Materials, Supplies, Natural Gas and REC InventoryMaterials, Supplies, Natural Gas and REC Inventory include materials and supplies purchased primarily for construction or operation and maintenance purposes, natural gas purchased for delivery to customers, and RECs.  Inventory is valued at the lower of cost or net realizable value.  RECs are purchased from suppliers of renewable sources of generation and are used to meet state mandated Renewable Portfolio Standards requirements.  The carrying amounts of materials and supplies, natural gas inventory, and RECs, which are included in Current Assets on the balance sheets, were as follows: As of December 31, 20242023(Millions of Dollars)EversourceCL&PNSTAR ElectricPSNHEversourceCL&PNSTAR ElectricPSNHMaterials and Supplies$498.6 $217.3 $177.8 $72.1 $397.9 $156.2 $130.8 $76.5 Natural Gas 49.5 — — — 65.5 — — — RECs46.5 — 42.8 3.7 43.9 0.3 43.0 0.6 Total$594.6 $217.3 $220.6 $75.8 $507.3 $156.5 $173.8 $77.1 As of December 31, 2024, the materials and supplies attributable to the Aquarion water distribution business have been reclassified to Assets Held for Sale on the Eversource balance sheet.  As of December 31, 2023, these balances were recorded within Materials, Supplies, Natural Gas and REC Inventory on the Eversource balance sheet.  For further information, see Note 24, “Assets Held for Sale.”

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H.     Fair Value Measurements

Fair value measurement guidance is applied to derivative contracts that are not elected or designated as "normal purchases" or "normal sales" (normal) and to marketable securities held in trusts.  Fair value measurement guidance is also applied to valuations of the investments used to calculate the funded status of pension and PBOP plans, the nonrecurring fair value measurements of nonfinancial assets such as goodwill, long