CONNECTICUT LIGHT & POWER CO

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 6, 2024

ES$69.62+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Income

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
(Thousands of Dollars)	2024	2023	2024	2023
Operating Revenues	$342,027	$353,074	$955,453	$1,123,300
Operating Expenses:
Purchased Power and Transmission	44,828	128,040	169,761	499,553
Operations and Maintenance	68,981	85,230	207,336	217,529
Depreciation	38,865	35,517	114,401	104,307
Amortization of Regulatory Assets/(Liabilities), Net	51,881	(9,963)	101,874	(35,234)
Energy Efficiency Programs	12,155	11,097	33,026	30,473
Taxes Other Than Income Taxes	24,041	25,748	71,821	73,384
Total Operating Expenses	240,751	275,669	698,219	890,012
Operating Income	101,276	77,405	257,234	233,288
Interest Expense	23,223	19,252	62,676	55,901
Other Income, Net	8,097	7,180	22,919	19,199
Income Before Income Tax Expense	86,150	65,333	217,477	196,586
Income Tax Expense	22,353	13,995	53,880	44,590
Net Income	$63,797	$51,338	$163,597	$151,996

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
(Thousands of Dollars)	2024	2023	2024	2023
Net Income	$63,797	$51,338	$163,597	$151,996
Other Comprehensive Income, Net of Tax:
Changes in Unrealized Gains on Marketable Securities	—	—	—	73
Other Comprehensive Income, Net of Tax	—	—	—	73
Comprehensive Income	$63,797	$51,338	$163,597	$152,069

CONDENSED CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDER'S EQUITY

	For the Nine Months Ended September 30, 2024
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · AccumulatedOtherComprehensiveLoss · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2024	301	$—		$1,698,134	$655,785		$—	$2,353,919
Net Income				48,356		48,356
Capital Contributions from Eversource Parent			100,000			100,000
Balance as of March 31, 2024	301	—		1,798,134	704,141		—	2,502,275
Net Income				51,444		51,444
Dividends on Common Stock				(62,000)		(62,000)
Balance as of June 30, 2024	301	—		1,798,134	693,585		—	2,491,719
Net Income				63,797		63,797
Capital Contributions from Eversource Parent			100,000			100,000
Balance as of September 30, 2024	301	$—		$1,898,134	$757,382		$—	$2,655,516

	For the Nine Months Ended September 30, 2023
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · AccumulatedOtherComprehensive Loss · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2023	301	$—		$1,298,134		$572,126		$(73)	$1,870,187
Net Income				40,296			40,296
Dividends on Common Stock				(28,000)			(28,000)
Other Comprehensive Income					73		73
Balance as of March 31, 2023	301	—		1,298,134		584,422		—	1,882,556
Net Income				60,362			60,362
Dividends on Common Stock				(28,000)			(28,000)
Capital Contributions from Eversource Parent			100,000				100,000
Balance as of June 30, 2023	301	—		1,398,134		616,784		—	2,014,918
Net Income				51,338			51,338
Dividends on Common Stock				(56,000)			(56,000)
Capital Contributions from Eversource Parent			100,000			—		100,000
Balance as of September 30, 2023	301	$—		$1,498,134		$612,122		$—	$2,110,256

	For the Nine Months Ended September 30,
(Thousands of Dollars)	2024	2023
Operating Activities:
Net Income	$163,597	$151,996
Adjustments to Reconcile Net Income to Net Cash Flows Provided by/(Used In) Operating Activities:
Depreciation	114,401	104,307
Deferred Income Taxes	72,924	96,711
Uncollectible Expense	3,420	1,534
Pension, SERP and PBOP Income, Net	(6,614)	(7,841)
Regulatory Under Recoveries, Net	(198,781)	(251,048)
Amortization of Regulatory Assets/(Liabilities), Net	101,874	(35,234)
Cost of Removal Expenditures	(29,473)	(29,448)
Other	335	11,479
Changes in Current Assets and Liabilities:
Receivables and Unbilled Revenues, Net	(36,877)	4,011
Taxes Receivable/Accrued, Net	28,721	27,797
Accounts Payable	(21,273)	(70,102)
Other Current Assets and Liabilities, Net	12,912	(17,092)
Net Cash Flows Provided by/(Used In) Operating Activities	205,166	(12,930)
Investing Activities:
Investments in Property, Plant and Equipment	(461,427)	(431,937)
Other Investing Activities	—	296
Net Cash Flows Used in Investing Activities	(461,427)	(431,641)
Financing Activities:
Cash Dividends on Common Stock	(62,000)	(112,000)
Capital Contributions from Eversource Parent	200,000	200,000
Issuance of Long-Term Debt	300,000	600,000
Repayment of Rate Reduction Bonds	(43,210)	(43,210)
Decrease in Notes Payable to Eversource Parent	(143,700)	(173,200)
Other Financing Activities	(3,140)	(8,524)
Net Cash Flows Provided by Financing Activities	247,950	463,066
Net (Decrease)/Increase in Cash and Restricted Cash	(8,311)	18,495
Cash and Restricted Cash - Beginning of Period	35,004	36,812
Cash and Restricted Cash - End of Period	$26,693	$55,307

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.