Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 42

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 2
Chunk 42
---
, and is permitted to recover the related energy supply cost without mark-up from, its customers, and records offsetting amounts in revenues and purchased power related to this energy supply procurement.  CL&P, NSTAR Electric and PSNH each remain as the distribution service provider for all customers and charge a regulated rate for distribution delivery service recorded in revenues.  

The variance in tracked distribution revenues for the six month period is due primarily to the following:

(Millions of Dollars)CL&PNSTAR ElectricPSNHRetail Tariff Tracked Revenues:Energy supply procurement$(109.0)$(55.2)$(9.0)CL&P NBFMCC344.1 — — CL&P SBC153.6 — — Retail transmission(36.7)74.2 29.4 Other distribution tracking mechanisms58.0 22.7 (22.6)Wholesale Market Sales Revenue176.1 30.8 (1.3)

Fluctuations in retail tariff tracked revenues are driven by adjustments to retail rates to recover costs and changes in sales volumes.

The decrease in energy supply procurement at CL&P for the six month period was driven by lower average prices, partially offset by higher average supply-related sales volumes.  The decrease in energy supply procurement at NSTAR Electric and PSNH for the six month period was driven by lower average supply-related sales volumes and lower average prices.

The increase in CL&P’s NBFMCC revenues was driven by an increase in the retail Non-Bypassable Federally Mandated Congestion Charge (NBFMCC) rate.  The CL&P NBFMCC rate includes the recovery of costs incurred under long-term state mandated energy purchase contracts with the Millstone and Seabrook nuclear power plants, net of the benefits received from selling this energy into the ISO-NE wholesale market.  Effective September 1, 2023, CL&P’s average NBFMCC rate changed to $0.00293 per kWh.  As a result of the April 2024 interim decision in the 2024 CL&P RAM filing, the average NBFMCC rate increased to $0.03906 per kWh effective July 1, 2024.  As a result of the August final decision in the 2024 CL&P RAM filing, the average NBFMCC rate increased to $0.04290 per kWh effective September 1, 2024.  The rate increases primarily resulted from higher net costs