Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 51

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 51
---
 NBFMCC rates are as follows:

Effective DateSeptember 1, 2023July 1, 2024September 1, 2024May 1, 2025September 1, 2025Average NBFMCC Rate$0.00293 $0.03906 $0.04290 $0.02109 $0.01675 

The increase in electric distribution wholesale market sales revenue for the nine month period was due primarily to higher average electricity market prices received for wholesale sales at CL&P.  ISO-NE average market prices received for CL&P’s wholesale sales increased to an average price of $64.09 per MWh for the nine months ended September 30, 2025, as compared to $34.89 per MWh for the same period in 2024, driven primarily by higher natural gas prices in New England.  Volumes sold into the market were primarily from the sale of output generated by the Millstone PPA and Seabrook PPA with CL&P.

CL&P is required by regulation to purchase electric generation from Millstone and Seabrook under PURA-approved PPAs entered into in 2019.  CL&P does not have legislative authority to use this purchased output to serve its customer load and therefore sells the energy into the wholesale market and uses the proceeds from the energy sales to offset the contract costs.  The net cost or net sales amount is recovered from, or refunded to, customers in the non-bypassable component of the CL&P FMCC rate.  Changes in CL&P’s NBFMCC retail revenues and CL&P’s wholesale market sales, as compared to the actual costs incurred, are deferred on the income statement by an offset to amortization expense.  

Transmission Revenues:  Transmission revenues increased $37.0 million at CL&P, $42.6 million at NSTAR Electric, and $31.1 million at PSNH for the nine month period, due primarily to a higher transmission rate base as a result of our continued investment in our transmission infrastructure.

Eliminations:  Eliminations are primarily related to the Eversource electric transmission revenues that are derived from ISO-NE regional transmission charges to the distribution businesses of CL&P, NSTAR Electric and PSNH that recover the costs of the wholesale transmission business in rates charged to their customers.  The impact of eliminations decreased revenues by $38.7 million at CL&P, $56.5 million at NSTAR Electric, and $