Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 4

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 4
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 $524.0 million, or $1.48 per share for the nine month period.  These 2025 and 2024 charges were recorded within Eversource Parent and Other Companies.  Excluding these charges, our 2025 non-GAAP earnings were $442.5 million, or $1.19 per share, in the third quarter of 2025 and $1.35 billion, or $3.64 per share, in the first nine months of 2025, and our 2024 non-GAAP earnings were $405.9 million, or $1.13 per share, in the third quarter of 2024 and $1.26 billion, or $3.56 per share, in the first nine months of 2024.  

•We narrowed our projection to earn within a 2025 non-GAAP earnings guidance range of between $4.72 per share and $4.80 per share excluding the impact of the net charge resulting from our previous offshore wind investments, compared to the previous guidance range of $4.67 per share to $4.82 per share.  We also reaffirmed our projection that our expected long-term EPS growth rate through 2029 will be in a 5 to 7 percent range, using 2024 non-GAAP EPS of $4.57 per share as the base year.  

Liquidity:

•Cash flows provided by operating activities totaled $3.20 billion in the first nine months of 2025, compared with $1.52 billion in the first nine months of 2024.  Investments in property, plant and equipment totaled $3.18 billion in the first nine months of 2025, compared with $3.29 billion in the first nine months of 2024.  

•Cash and Cash Equivalents totaled $259.3 million as of September 30, 2025, compared with $26.7 million as of December 31, 2024.  Our available borrowing capacity under our commercial paper programs totaled $1.13 billion as of September 30, 2025.  

•In the first nine months of 2025, we issued $2.04 billion of new long-term debt and we repaid $750 million of long-term debt. 

•On September 11, 2025, our Board of Trustees approved a common share dividend payment of $0.7525 per share, paid on September 30, 2025