Company: CNLHP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000072741-25-000007
Chunk: 280

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 280
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 actual experience and future expectations based on economic conditions, collection efforts and other factors.  Management also monitors the aging analysis of receivables to determine if there are changes in the collections of accounts receivable.  Receivable balances are written off against the allowance for uncollectible accounts when the customer accounts are no longer in service and these balances are deemed to be uncollectible.  Management concluded that the reserve balance as of December 31, 2024 adequately reflected the collection risk and net realizable value for its receivables.The PURA allows CL&P and Yankee Gas to accelerate the recovery of accounts receivable balances attributable to qualified customers under financial or medical duress (uncollectible hardship accounts receivable) outstanding for greater than 180 days and 90 days, respectively.  The DPU allows NSTAR Electric, NSTAR Gas and EGMA to recover in rates amounts associated with certain uncollectible hardship accounts receivable.  These uncollectible hardship customer account balances are included in Regulatory Assets or Other Long-Term Assets on the balance sheets.  Hardship customers are protected from shut-off in certain circumstances, and historical collection experience has reflected a higher default risk as compared to the rest of the receivable population.  Management uses a higher credit risk profile for this pool of trade receivables as compared to non-hardship receivables.  The allowance for uncollectible hardship accounts is included in the total uncollectible allowance balance.  

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The total allowance for uncollectible accounts is included in Receivables, Net on the balance sheets.  The activity in the allowance for uncollectible accounts by portfolio segment is as follows:EversourceCL&PNSTAR ElectricPSNH(Millions of Dollars)Hardship AccountsRetail (Non-Hardship), Wholesale, and OtherTotal AllowanceHardship AccountsRetail (Non-Hardship), Wholesale, and OtherTotal AllowanceHardship AccountsRetail (Non-Hardship), Wholesale, and OtherTotal AllowanceTotal Allowance (3)Balance as of January 1, 2022$226.1 $191.3 $417.4 $144.6 $36.7 $181.3 $43.3 $53.7 $97.0 $24.3 Uncollectible Expense— 61.9 61.9 — 15.6 15.6 — 21.6 21.6 9.2 Uncollectible Costs Deferred