CONNECTICUT LIGHT & POWER CO

For the period ended Sep 30, 2026. Filed Nov 6, 2026.

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, 2026 · Filed Nov 6, 2026

ES$69.49-0.5%Stored close · as of Nov 9, 2026

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Contents

Condensed Statements of Cash Flows

	For the Nine Months Ended September 30,
(Thousands of Dollars)	2026	2025
Operating Activities:
Net Income	$379,552	$429,511
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:
Depreciation	338,393	322,815
Deferred Income Taxes	16,785	(84,604)
Uncollectible Expense	14,247	16,105
Pension, SERP, and PBOP Income, Net	(13,560)	(10,551)
Regulatory Over Recoveries, Net	225,725	78,426
Amortization of Regulatory Assets, Net	36,742	529,240
Cost of Removal Expenditures	(48,036)	(44,989)
Other	(3,204)	33,904
Changes in Current Assets and Liabilities:
Receivables and Unbilled Revenues, Net	30,679	626
Taxes Receivable/Accrued, Net	(163,843)	77,239
Accounts Payable	(88,746)	(150,690)
Other Current Assets and Liabilities, Net	(51,774)	(69,230)
Net Cash Flows Provided by Operating Activities	672,960	1,127,802
Investing Activities:
Investments in Property, Plant and Equipment	(748,290)	(657,416)
Net Cash Flows Used in Investing Activities	(748,290)	(657,416)
Financing Activities:
Cash Dividends on Common Stock	(290,200)	(430,000)
Cash Dividends on Preferred Stock	(4,169)	(4,169)
Issuance of Long-Term Debt	—	400,000
Increase/(Decrease) in Notes Payable to Eversource Parent	293,700	(280,000)
Other Financing Activities	(1,324)	(4,892)
Net Cash Flows Used in Financing Activities	(1,993)	(319,061)
Net (Decrease)/Increase in Cash and Restricted Cash	(77,323)	151,325
Cash and Restricted Cash - Beginning of Period	88,676	2,109
Cash and Restricted Cash - End of Period	$11,353	$153,434

(Thousands of Dollars)	As of September 30, 2026	As of December 31, 2025
ASSETS
Current Assets:
Cash and Cash Equivalents	$144,213	$8,302
Receivables, Net (net of allowance for uncollectible accounts of $130,493 and $132,561 as of September 30, 2026 and December 31, 2025, respectively)	645,095	616,280
Accounts Receivable from Affiliated Companies	101,765	280,099
Unbilled Revenues	51,319	56,948
Materials, Supplies and REC Inventory	172,554	210,865
Regulatory Assets	1,119,526	978,754
Derivative Assets	99,296	91,011
Prepayments and Other Current Assets	21,095	90,040
Total Current Assets	2,354,863	2,332,299
Property, Plant and Equipment, Net	16,219,461	15,308,896
Deferred Debits and Other Assets:
Regulatory Assets	1,114,761	1,823,522
Prepaid Pension and PBOP	854,876	804,109
Other Long-Term Assets	345,056	264,073
Total Deferred Debits and Other Assets	2,314,693	2,891,704
Total Assets	$20,889,017	$20,532,899
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes Payable	$—	$245,445
Long-Term Debt – Current Portion	700,000	300,000
Accounts Payable	568,659	558,227
Accounts Payable to Affiliated Companies	139,040	198,085
Obligations to Third-Party Suppliers	178,117	179,757
Regulatory Liabilities	838,312	650,813
Other Current Liabilities	261,796	208,979
Total Current Liabilities	2,685,924	2,341,306
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes	2,178,334	2,087,287
Regulatory Liabilities	1,752,138	1,702,059
Derivative Liabilities	—	753,149
Other Long-Term Liabilities	441,085	401,625
Total Deferred Credits and Other Liabilities	4,371,557	4,944,120
Long-Term Debt	5,642,274	5,645,638
Preferred Stock Not Subject to Mandatory Redemption	43,000	43,000
Common Stockholder's Equity:
Common Stock	—	—
Capital Surplus, Paid In	4,642,842	4,238,842
Retained Earnings	3,503,275	3,319,768
Accumulated Other Comprehensive Income	145	225
Common Stockholder's Equity	8,146,262	7,558,835
Commitments and Contingencies (Note 9)
Total Liabilities and Capitalization	$20,889,017	$20,532,899

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
(Thousands of Dollars)	2026	2025	2026	2025
Operating Revenues	$1,168,080	$1,129,537	$3,237,057	$3,012,688
Operating Expenses:
Purchased Power and Transmission	333,668	334,104	870,963	868,765
Operations and Maintenance	186,071	195,958	572,779	538,461
Depreciation	128,165	113,018	367,471	330,364
Amortization of Regulatory Assets, Net	29,389	29,714	119,367	97,433
Energy Efficiency Programs	119,388	97,735	312,650	205,431
Taxes Other Than Income Taxes	90,983	84,637	250,604	236,661
Total Operating Expenses	887,664	855,166	2,493,834	2,277,115
Operating Income	280,416	274,371	743,223	735,573
Interest Expense	76,783	69,087	229,495	183,714
Other Income, Net	51,868	47,074	157,650	141,082
Income Before Income Tax Expense	255,501	252,358	671,378	692,941
Income Tax Expense	59,231	59,230	155,401	163,709
Net Income	$196,270	$193,128	$515,977	$529,232

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
(Thousands of Dollars)	2026	2025	2026	2025
Net Income	$196,270	$193,128	$515,977	$529,232
Other Comprehensive (Loss)/Income, Net of Tax:
Changes in Funded Status of SERP Benefit Plan	(32)	(4)	(95)	(16)
Qualified Cash Flow Hedging Instruments	5	5	15	15
Other Comprehensive (Loss)/Income, Net of Tax	(27)	1	(80)	(1)
Comprehensive Income	$196,243	$193,129	$515,897	$529,231

CONDENSED CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDER'S EQUITY

	For the Nine Months Ended September 30, 2026
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · AccumulatedOtherComprehensiveIncome · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2026	200	$—		$4,238,842		$3,319,768		$225	$7,558,835
Net Income				165,950			165,950
Dividends on Preferred Stock				(490)			(490)
Capital Contributions from Eversource Parent			258,000				258,000
Other Comprehensive Loss					(27)		(27)
Balance as of March 31, 2026	200	—		4,496,842		3,485,228		198	7,982,268
Net Income				153,757			153,757
Dividends on Preferred Stock				(490)			(490)
Dividends on Common Stock				(331,000)			(331,000)
Other Comprehensive Loss					(26)		(26)
Balance as of June 30, 2026	200	—		4,496,842		3,307,495		172	7,804,509
Net Income				196,270			196,270
Dividends on Preferred Stock				(490)			(490)
Capital Contributions from Eversource Parent			146,000				146,000
Other Comprehensive Loss					(27)		(27)
Balance as of September 30, 2026	200	$—		$4,642,842		$3,503,275		$145	$8,146,262

	For the Nine Months Ended September 30, 2025
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · AccumulatedOtherComprehensiveLoss · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2025	200	$—		$3,788,842		$3,127,105		$(141)	$6,915,806
Net Income				167,175			167,175
Dividends on Preferred Stock				(490)			(490)
Dividends on Common Stock				(436,000)			(436,000)
Capital Contributions from Eversource Parent			100,000				100,000
Other Comprehensive Loss					(2)		(2)
Balance as of March 31, 2025	200	—		3,888,842		2,857,790		(143)	6,746,489
Net Income				168,929			168,929
Dividends on Preferred Stock				(490)			(490)
Balance as of June 30, 2025	200	—		3,888,842		3,026,229		(143)	6,914,928
Net Income				193,128			193,128
Dividends on Preferred Stock				(490)			(490)
Other Comprehensive Income					1		1
Balance as of September 30, 2025	200	$—		$3,888,842		$3,218,867		$(142)	$7,107,567

	For the Nine Months Ended September 30,
(Thousands of Dollars)	2026	2025
Operating Activities:
Net Income	$515,977	$529,232
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:
Depreciation	367,471	330,364
Deferred Income Taxes	56,479	12,724
Uncollectible Expense	23,980	22,176
Pension, SERP and PBOP Income, Net	(33,386)	(29,734)
Regulatory (Under)/Over Recoveries, Net	(24,355)	115,301
Amortization of Regulatory Assets, Net	119,367	97,433
Cost of Removal Expenditures	(41,795)	(53,517)
Other	(35,159)	(13,957)
Changes in Current Assets and Liabilities:
Receivables and Unbilled Revenues, Net	144,550	(160,917)
Taxes Receivable/Accrued, Net	103,687	44,410
Accounts Payable	(87,708)	(44,814)
Other Current Assets and Liabilities, Net	(17,548)	(27,387)
Net Cash Flows Provided by Operating Activities	1,091,560	821,314
Investing Activities:
Investments in Property, Plant and Equipment	(1,180,029)	(1,210,112)
Other Investing Activities	(2,315)	—
Net Cash Flows Used in Investing Activities	(1,182,344)	(1,210,112)
Financing Activities:
Cash Dividends on Common Stock	(331,000)	(436,000)
Cash Dividends on Preferred Stock	(1,470)	(1,470)
Issuance of Long-Term Debt	700,000	800,000
Retirement of Long-Term Debt	(300,000)	—
Capital Contributions from Eversource Parent	404,000	100,000
Decrease in Notes Payable	(245,445)	(25,782)
Other Financing Activities	(5,245)	(9,106)
Net Cash Flows Provided by Financing Activities	220,840	427,642
Net Increase in Cash, Cash Equivalents and Restricted Cash	130,056	38,844
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	25,944	9,023
Cash, Cash Equivalents and Restricted Cash - End of Period	$156,000	$47,867

(Thousands of Dollars)	As of September 30, 2026	As of December 31, 2025
ASSETS
Current Assets:
Cash and Cash Equivalents	$52,858	$13,665
Receivables, Net (net of allowance for uncollectible accounts of $18,754 and $23,547 as of September 30, 2026 and December 31, 2025, respectively)	255,267	214,117
Accounts Receivable from Affiliated Companies	26,924	24,338
Unbilled Revenues	53,100	62,446
Materials, Supplies and REC Inventory	53,479	58,879
Regulatory Assets	118,071	119,871
Special Deposits	21,326	38,343
Prepayments and Other Current Assets	3,238	19,212
Total Current Assets	584,263	550,871
Property, Plant and Equipment, Net	5,712,553	5,507,663
Deferred Debits and Other Assets:
Regulatory Assets	812,638	841,203
Prepaid Pension and PBOP	123,586	111,833
Other Long-Term Assets	38,310	17,661
Total Deferred Debits and Other Assets	974,534	970,697
Total Assets	$7,271,350	$7,029,231
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes Payable to Eversource Parent	$2,100	$49,300
Rate Reduction Bonds – Current Portion	43,210	43,210
Accounts Payable	157,946	179,137
Accounts Payable to Affiliated Companies	36,775	45,277
Obligations to Third-Party Suppliers	39,057	37,584
Accrued Interest	36,725	35,224
Regulatory Liabilities	187,808	118,443
Other Current Liabilities	48,864	62,334
Total Current Liabilities	552,485	570,509
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes	825,385	806,270
Regulatory Liabilities	436,528	417,442
Other Long-Term Liabilities	45,316	46,669
Total Deferred Credits and Other Liabilities	1,307,229	1,270,381
Long-Term Debt	2,234,291	2,031,323
Rate Reduction Bonds	237,652	280,862
Common Stockholder's Equity:
Common Stock	—	—
Capital Surplus, Paid In	1,973,134	1,973,134
Retained Earnings	966,559	903,022
Common Stockholder's Equity	2,939,693	2,876,156
Commitments and Contingencies (Note 9)
Total Liabilities and Capitalization	$7,271,350	$7,029,231

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
(Thousands of Dollars)	2026	2025	2026	2025
Operating Revenues	$375,805	$351,219	$1,093,262	$1,002,332
Operating Expenses:
Purchased Power and Transmission	86,121	67,796	241,021	187,072
Operations and Maintenance	66,857	73,755	195,684	211,760
Depreciation	45,499	44,049	134,910	125,820
Amortization of Regulatory Assets/(Liabilities), Net	21,104	(2,178)	56,004	45,487
Energy Efficiency Programs	9,882	12,605	28,196	35,350
Taxes Other Than Income Taxes	28,733	27,835	84,459	80,832
Total Operating Expenses	258,196	223,862	740,274	686,321
Operating Income	117,609	127,357	352,988	316,011
Interest Expense	28,347	24,098	83,662	65,171
Other Income, Net	12,166	9,032	33,026	33,515
Income Before Income Tax Expense	101,428	112,291	302,352	284,355
Income Tax Expense	22,859	31,050	72,015	72,920
Net Income	$78,569	$81,241	$230,337	$211,435

CONDENSED CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDER'S EQUITY

	For the Nine Months Ended September 30, 2026
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2026	301	$—	$1,973,134	$903,022	$2,876,156
Net Income			79,777	79,777
Dividends on Common Stock			(38,900)	(38,900)
Balance as of March 31, 2026	301	—	1,973,134	943,899	2,917,033
Net Income			71,991	71,991
Dividends on Common Stock			(89,000)	(89,000)
Balance as of June 30, 2026	301	—	1,973,134	926,890	2,900,024
Net Income			78,569	78,569
Dividends on Common Stock			(38,900)	(38,900)
Balance as of September 30, 2026	301	$—	$1,973,134	$966,559	$2,939,693

	For the Nine Months Ended September 30, 2025
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2025	301	$—		$1,898,134	$808,668	$2,706,802
Net Income				66,279	66,279
Capital Contributions from Eversource Parent			75,000		75,000
Balance as of March 31, 2025	301	—		1,973,134	874,947	2,848,081
Net Income				63,915	63,915
Dividends on Common Stock				(175,000)	(175,000)
Balance as of June 30, 2025	301	—		1,973,134	763,862	2,736,996
Net Income				81,241	81,241
Balance as of September 30, 2025	301	$—		$1,973,134	$845,103	$2,818,237

	For the Nine Months Ended September 30,
(Thousands of Dollars)	2026	2025
Operating Activities:
Net Income	$230,337	$211,435
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:
Depreciation	134,910	125,820
Deferred Income Taxes	11,490	15,250
Uncollectible Expense	(1,977)	3,871
Pension, SERP and PBOP Income, Net	(7,778)	(6,679)
Regulatory Over/(Under) Recoveries, Net	38,467	(8,466)
Amortization of Regulatory Assets, Net	56,004	45,487
Cost of Removal Expenditures	(19,469)	(21,249)
Other	(10,424)	(8,776)
Changes in Current Assets and Liabilities:
Receivables and Unbilled Revenues, Net	(35,653)	(12,479)
Taxes Receivable/Accrued, Net	(492)	(1,638)
Accounts Payable	(22,824)	(15,306)
Other Current Assets and Liabilities, Net	3,246	31,001
Net Cash Flows Provided by Operating Activities	375,837	358,271
Investing Activities:
Investments in Property, Plant and Equipment	(297,962)	(402,789)
Net Cash Flows Used in Investing Activities	(297,962)	(402,789)
Financing Activities:
Cash Dividends on Common Stock	(166,800)	(175,000)
Capital Contributions from Eversource Parent	—	75,000
Issuance of Long-Term Debt	200,000	300,000
Repayment of Rate Reduction Bonds	(43,210)	(43,210)
Decrease in Notes Payable to Eversource Parent	(47,200)	(123,000)
Other Financing Activities	1,512	(1,867)
Net Cash Flows (Used in)/Provided by Financing Activities	(55,698)	31,923
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash	22,177	(12,595)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	55,186	37,243
Cash, Cash Equivalents and Restricted Cash - End of Period	$77,363	$24,648

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