PENSION BENEFITS AND POSTRETIREMENT BENEFITS OTHER THAN PENSIONS

3 Months Ended

Mar. 31, 2015

Notes To Consolidated Financial Statements [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

7.Pension Benefits and Postretirement Benefits Other than Pensions

As of December 31, 2014, Eversource Service sponsored two defined benefit retirement plans that covered eligible employees, including employees of CL&P, NSTAR Electric, PSNH and WMECO. Effective January 1, 2015, the two pension plans were merged into one plan, sponsored by Eversource Service. As of December 31, 2014, Eversource Service also sponsored defined benefit postretirement plans that provide certain retiree benefits, primarily medical, dental and life insurance, to retiring employees that meet certain age and service eligibility requirements, including employees of CL&P, NSTAR Electric, PSNH and WMECO. Effective January 1, 2015, the postretirement plans were merged into one plan, sponsored by Eversource Service.

The components of net periodic benefit expense for the Pension, SERP and PBOP Plans are shown below. The net periodic benefit expense and the intercompany allocations less the capitalized portion of pension, SERP and PBOP amounts is included in Operations and Maintenance on the statements of income. Capitalized pension and PBOP amounts relate to employees working on capital projects and are included in Property, Plant and Equipment, Net. Intercompany allocations are not included in the CL&P, NSTAR Electric, PSNH and WMECO net periodic benefit expense amounts.Pension, SERP and PBOP expense reflected in the statements of cash flows for CL&P, NSTAR Electric, PSNH and WMECO does not include the intercompany allocations and the corresponding capitalized portion, as these amounts are cash settled on a short-term basis.

	Pension and SERP
	For the Three Months Ended
	March 31, 2015		March 31, 2014
(Millions of Dollars)	ES (1)		ES
Service Cost	$	23.2	$	22.3
Interest Cost		56.6		56.6
Expected Return on Plan Assets		(84.3)		(77.7)
Actuarial Loss		38.9		33.0
Prior Service Cost		0.9		1.1
Total Net Periodic Benefit Expense	$	35.3	$	35.3
Capitalized Pension Expense	$	9.6	$	9.7
	PBOP
	For the Three Months Ended
	March 31, 2015		March 31, 2014
(Millions of Dollars)	ES (1)		ES
Service Cost	$	4.2	$	3.0
Interest Cost		11.9		12.6
Expected Return on Plan Assets		(16.8)		(15.7)
Actuarial Loss		1.8		3.0
Prior Service Credit		(0.1)		(0.6)
Total Net Periodic Benefit Expense	$	1.0	$	2.3
Capitalized PBOP Expense	$	0.2	$	0.4

	Pension and SERP
	For the Three Months Ended March 31, 2015								For the Three Months Ended March 31, 2014
			NSTAR								NSTAR
(Millions of Dollars)	CL&P		Electric		PSNH (1)		WMECO		CL&P		Electric		PSNH		WMECO
Service Cost	$	6.0	$	3.8	$	2.9	$	1.1	$	5.2	$	4.6	$	2.8	$	1.0
Interest Cost		12.7		10.2		5.9		2.5		13.3		10.2		6.5		2.7
Expected Return on Plan Assets		(19.7)		(17.6)		(10.0)		(4.7)		(19.4)		(15.8)		(10.2)		(4.6)
Actuarial Loss		8.2		9.6		3.0		1.6		9.1		5.8		3.3		1.9
Prior Service Cost		0.4		-		0.1		0.1		0.5		-		0.2		0.1
Total Net Periodic Benefit Expense	$	7.6	$	6.0	$	1.9	$	0.6	$	8.7	$	4.8	$	2.6	$	1.1
Intercompany Allocations	$	6.4	$	3.6	$	1.7	$	1.2	$	6.8	$	2.4	$	1.9	$	1.3
Capitalized Pension Expense	$	4.3	$	2.8	$	0.8	$	0.5	$	4.9	$	1.9	$	0.9	$	0.8

	PBOP
	For the Three Months Ended March 31, 2015								For the Three Months Ended March 31, 2014
			NSTAR								NSTAR
(Millions of Dollars)	CL&P		Electric			PSNH (1)		WMECO	CL&P		Electric		PSNH		WMECO
Service Cost	$	0.6	$	1.3	$	0.4	$	0.1	$	0.6	$	0.7	$	0.4	$	0.1
Interest Cost		1.8		4.8		1.0		0.4		2.1		4.9		1.1		0.5
Expected Return on Plan Assets		(2.8)		(6.8)		(1.5)		(0.6)		(2.7)		(6.4)		(1.4)		(0.6)
Actuarial Loss/(Gain)		0.2		0.8		0.1		-		1.1		(0.1)		0.5		0.1
Prior Service Credit		-		(0.1)		-		-		-		(0.5)		-		-
Total Net Periodic Benefit Expense/(Income)	$	(0.2)	$	-	$	-	$	(0.1)	$	1.1	$	(1.4)	$	0.6	$	0.1
Intercompany Allocations	$	0.5	$	0.3	$	0.1	$	0.1	$	1.1	$	0.1	$	0.3	$	0.2
Capitalized PBOP Expense/(Income)	$	-	$	0.1	$	-	$	-	$	0.5	$	(0.5)	$	0.2	$	0.1
(1) Amounts exclude approximately $1 million that represented deferred regulatory assets.