ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2015

Notes To Consolidated Financial Statements [Abstract]

Comprehensive Income Note [Text Block]

14.       ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The changes in accumulated other comprehensive income/(loss) by component, net of tax effect, is as follows:

		For the Year Ended December 31, 2015								For the Year Ended December 31, 2014
		Qualified		Unrealized						Qualified		Unrealized
		Cash Flow		Gains/(Losses)		Defined				Cash Flow		Gains on		Defined
Eversource		Hedging		on Marketable		Benefit				Hedging		Marketable		Benefit
(Millions of Dollars)		Instruments		Securities		Plans		Total		Instruments		Securities		Plans		Total
Balance as of January 1st		$	(12.4)	$	0.7	$	(62.3)	$	(74.0)	$	(14.4)	$	0.4	$	(32.0)	$	(46.0)
OCI Before Reclassifications			-		(2.6)		3.5		0.9		-		0.3		(34.2)		(33.9)
Amounts Reclassified from AOCI			2.1		-		4.2		6.3		2.0		-		3.9		5.9
	Net OCI		2.1		(2.6)		7.7		7.2		2.0		0.3		(30.3)		(28.0)
Balance as of December 31st		$	(10.3)	$	(1.9)	$	(54.6)	$	(66.8)	$	(12.4)	$	0.7	$	(62.3)	$	(74.0)

Eversource's qualified cash flow hedging instruments represent interest rate swap agreements on debt issuances that were settled in prior years. The settlement amount was recorded in AOCI and is being amortized into Net Income over the term of the underlying debt instrument. CL&P, PSNH and WMECO continue to amortize interest rate swaps settled in prior years from AOCI into Interest Expense over the remaining life of the associated long-term debt. Such interest rate swaps are not material to their respective financial statements.

The amortization expense of actuarial gains and losses and prior service cost on the defined benefit plans is amortized from AOCI into Operations and Maintenance over the average future employee service period, and is reflected in amounts reclassified from AOCI.

Definedbenefit plan OCI amounts before reclassifications relate to actuarial gains and losses that arose during the year and were recognized in AOCI. The related tax effects recognized in AOCI during 2015 and 2013 were net deferred tax liabilities of$2 million in 2015 and $11.4 million in 2013, respectively, and net deferred tax assets of $22.3 million in 2014.

The following table sets forth the amountsreclassified from AOCI by component and the impacted line item on the statements of income:

	Amounts Reclassified from AOCI
Eversource	For the Years Ended December 31,						Statements of Income
(Millions of Dollars)	2015		2014		2013		Line Item Impacted
Qualified Cash Flow Hedging Instruments	$	(3.5)	$	(3.4)	$	(3.4)	Interest Expense
Tax Effect		1.4		1.4		1.4	Income Tax Expense
Qualified Cash Flow Hedging Instruments, Net of Tax	$	(2.1)	$	(2.0)	$	(2.0)
Defined Benefit Plan Costs:
Amortization of Actuarial Losses	$	(6.6)	$	(6.2)	$	(10.5)	Operations and Maintenance (1)
Amortization of Prior Service Cost		(0.2)		(0.2)		(0.2)	Operations and Maintenance (1)
Total Defined Benefit Plan Costs		(6.8)		(6.4)		(10.7)
Tax Effect		2.6		2.5		4.3	Income Tax Expense
Defined Benefit Plan Costs, Net of Tax	$	(4.2)	$	(3.9)	$	(6.4)
Total Amounts Reclassified from AOCI, Net of Tax	$	(6.3)	$	(5.9)	$	(8.4)

(1)       These amounts are included in the computation of net periodic Pension, SERP and PBOP costs. See Note 9A, "Employee Benefits - Pension Benefits and Postretirement Benefits Other Than Pensions," for further information.

As of December 31, 2015, it was estimated that a pre-tax amount of $3.6 million (including $0.7 million for CL&P, $2 million for PSNH and $0.7 million for WMECO) will be reclassified from AOCI as a decrease to Net Income over the next 12 months as a result of the amortization of the interest rate swap agreements which have been settled. In addition, it is estimated that a pre-tax amount of $6 million will be reclassified from AOCI as a decrease to Net Income over the next 12 months as a result of the amortization of Pension, SERP and PBOP costs.