CONNECTICUT LIGHT & POWER CO
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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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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Condensed Statements of Cash Flows
| For the Nine Months Ended September 30, | ||
|---|---|---|
| (Thousands of Dollars) | 2024 | 2023 |
| Operating Activities: | ||
| Net Income | $401,844 | $401,104 |
| Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities: | ||
| Depreciation | 301,968 | 281,107 |
| Deferred Income Taxes | 149,682 | 115,450 |
| Uncollectible Expense | 11,432 | 7,106 |
| Pension, SERP, and PBOP Income, Net | (9,199) | (13,699) |
| Regulatory (Under)/Over Recoveries, Net | (80,598) | 198,519 |
| Amortization of Regulatory Liabilities, Net | (73,583) | (425,402) |
| Cost of Removal Expenditures | (46,118) | (56,168) |
| Other | (41,726) | (21,415) |
| Changes in Current Assets and Liabilities: | ||
| Receivables and Unbilled Revenues, Net | (134,987) | (113,592) |
| Taxes Receivable/Accrued, Net | 167,119 | 107,774 |
| Accounts Payable | (148,366) | (112,946) |
| Other Current Assets and Liabilities, Net | (107,303) | (47,800) |
| Net Cash Flows Provided by Operating Activities | 390,165 | 320,038 |
| Investing Activities: | ||
| Investments in Property, Plant and Equipment | (759,006) | (797,282) |
| Other Investing Activities | — | 173 |
| Net Cash Flows Used in Investing Activities | (759,006) | (797,109) |
| Financing Activities: | ||
| Cash Dividends on Common Stock | (247,600) | (247,800) |
| Cash Dividends on Preferred Stock | (4,169) | (4,169) |
| Capital Contributions from Eversource Parent | 300,000 | 123,500 |
| Issuance of Long-Term Debt | 650,000 | 800,000 |
| Retirement of Long-Term Debt | — | (400,000) |
| (Decrease)/Increase in Notes Payable to Eversource Parent | (322,000) | 213,400 |
| Other Financing Activities | (8,516) | (9,244) |
| Net Cash Flows Provided by Financing Activities | 367,715 | 475,687 |
| Net Decrease in Cash and Restricted Cash | (1,126) | (1,384) |
| Cash and Restricted Cash - Beginning of Period | 12,243 | 20,327 |
| Cash and Restricted Cash - End of Period | $11,117 | $18,943 |
| (Thousands of Dollars) | As of September 30, 2024 | As of December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash | $4,467 | $6,740 |
| Receivables, Net (net of allowance for uncollectible accounts of $118,302 and $97,026 as of September 30, 2024 and December 31, 2023, respectively) | 537,673 | 487,707 |
| Accounts Receivable from Affiliated Companies | 171,751 | 74,634 |
| Unbilled Revenues | 50,430 | 49,897 |
| Materials, Supplies and REC Inventory | 182,243 | 173,770 |
| Regulatory Assets | 778,916 | 676,083 |
| Prepayments and Other Current Assets | 20,651 | 41,464 |
| Total Current Assets | 1,746,131 | 1,510,295 |
| Property, Plant and Equipment, Net | 13,627,246 | 12,753,787 |
| Deferred Debits and Other Assets: | ||
| Regulatory Assets | 1,270,882 | 1,281,836 |
| Prepaid Pension and PBOP | 674,903 | 608,617 |
| Other Long-Term Assets | 148,340 | 116,978 |
| Total Deferred Debits and Other Assets | 2,094,125 | 2,007,431 |
| Total Assets | $17,467,502 | $16,271,513 |
| LIABILITIES AND CAPITALIZATION | ||
| Current Liabilities: | ||
| Notes Payable | $537,500 | $365,847 |
| Accounts Payable | 500,606 | 599,696 |
| Accounts Payable to Affiliated Companies | 137,325 | 144,622 |
| Obligations to Third Party Suppliers | 179,142 | 139,823 |
| Renewable Portfolio Standards Compliance Obligations | 85,208 | 116,010 |
| Regulatory Liabilities | 468,756 | 368,070 |
| Other Current Liabilities | 116,287 | 84,688 |
| Total Current Liabilities | 2,024,824 | 1,818,756 |
| Deferred Credits and Other Liabilities: | ||
| Accumulated Deferred Income Taxes | 1,938,528 | 1,849,613 |
| Regulatory Liabilities | 1,623,764 | 1,585,311 |
| Other Long-Term Liabilities | 361,480 | 327,388 |
| Total Deferred Credits and Other Liabilities | 3,923,772 | 3,762,312 |
| Long-Term Debt | 5,093,701 | 4,496,947 |
| Preferred Stock Not Subject to Mandatory Redemption | 43,000 | 43,000 |
| Common Stockholder's Equity: | ||
| Common Stock | — | — |
| Capital Surplus, Paid In | 3,388,842 | 3,013,842 |
| Retained Earnings | 2,993,371 | 3,136,612 |
| Accumulated Other Comprehensive (Loss)/Income | (8) | 44 |
| Common Stockholder's Equity | 6,382,205 | 6,150,498 |
| Commitments and Contingencies (Note 9) | ||
| Total Liabilities and Capitalization | $17,467,502 | $16,271,513 |
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