Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 23

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 2
Chunk 23
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, 2029 that would adjust rates annually and includes performance metrics.  A final decision by PURA is expected in October 2025.

Aquarion Water Company of Connecticut Distribution Rate Case:  On August 29, 2022, Aquarion Water Company of Connecticut (AWC-CT) filed an application with PURA to amend its existing rate schedules to address an operating revenue deficiency.  AWC-CT’s rate application requested approval of rate increases of $27.5 million, an additional $13.6 million, and an additional $8.8 million, effective March 15, 2023, 2024, and 2025, respectively.  On March 15, 2023, PURA issued a final decision that rejected this request.  In this decision, PURA ordered a decrease to total authorized revenues of $4.0 million effective March 15, 2023.  The decision allows an authorized regulatory ROE of 8.70 percent.  On March 30, 2023, AWC-CT filed an appeal on the decision.  On March 25, 2024, the State of Connecticut Superior Court issued a decision on the appeal which dismissed nine, remanded back to PURA two, and partially remanded one of AWC-CT’s twelve claims of error in its appeal.  On March 28, 2024, AWC-CT filed an appeal of the Connecticut Superior Court decision to the Connecticut Appellate Court, and that appeal was subsequently transferred to the Connecticut Supreme Court.  On July 9, 2025, the Connecticut Supreme Court issued a decision that overturned PURA’s disallowance of $1.5 million in water conservation program expenses, but affirmed the remaining portions of PURA’s decision that were challenged on appeal.  There is no statutory timeline for PURA to address this decision.  The decision did not have a financial impact on Eversource’s financial statements. The Connecticut Supreme Court decision also validated AWC-CT’s argument that the correct legal standard PURA must use in determining whether costs can be recovered through customer rates is the longstanding prudence standard, which evaluates the prudence of management decision-making as of the time the utility made the decision to incur costs; PURA cannot use improper hindsight analysis to evaluate prudence.

Massachusetts:

NSTAR Gas Distribution Rates:  NSTAR Gas’ PBR mechanism allows for an annual adjustment to base distribution rates for inflation and exogenous events.