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LEASES
 12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
LEASES
LEASES

Eversource, including CL&P, NSTAR Electric and PSNH, has entered into lease agreements, some of which are capital leases, for the use of data processing and office equipment, vehicles, service centers, land and office space.  In addition, CL&P, NSTAR Electric and PSNH incur costs associated with leases entered into by other Eversource subsidiaries, which include Eversource Service and Rocky River Realty Company, and are included below in their respective operating lease rental expenses and future minimum rental payments.  These intercompany lease amounts are eliminated on an Eversource consolidated basis.  The provisions of the Eversource, CL&P, NSTAR Electric and PSNH lease agreements generally contain renewal options.  Certain lease agreements contain payments impacted by the commercial paper rate plus a credit spread or the consumer price index.

Operating lease rental payments charged to expense are as follows:
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
2017
$
10.5

 
$
11.7

 
$
11.3

 
$
3.3

2016
12.1

 
12.5

 
11.4

 
2.9

2015
12.1

 
12.5

 
11.8

 
2.8



Future minimum rental payments, excluding executory costs, such as property taxes, state use taxes, insurance, and maintenance, under long-term noncancelable leases, as of December 31, 2017 are as follows:
Operating Leases
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
2018
$
13.2

 
$
1.8

 
$
7.9

 
$
1.0

2019
11.4

 
1.5

 
6.9

 
1.0

2020
10.0

 
1.3

 
6.1

 
0.9

2021
8.9

 
1.1

 
5.5

 
0.8

2022
7.4

 
1.0

 
4.5

 
0.6

Thereafter
19.7

 
1.0

 
15.4

 
2.0

Future minimum lease payments
$
70.6

 
$
7.7

 
$
46.3

 
$
6.3


Capital Leases
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
2018
$
2.9

 
$
2.0

 
$
0.5

 
$
0.1

2019
3.3

 
2.0

 
0.6

 
—

2020
3.3

 
2.0

 
0.5

 
—

2021
2.8

 
1.4

 
0.6

 
—

2022
1.3

 
—

 
0.6

 
—

Thereafter
2.5

 
—

 
2.5

 
—

Future minimum lease payments
16.1

 
7.4

 
5.3

 
0.1

Less amount representing interest
3.1

 
1.7

 
1.2

 
—

Present value of future minimum lease payments
$
13.0

 
$
5.7

 
$
4.1

 
$
0.1



CL&P entered into certain contracts for the purchase of energy that qualify as leases.  These contracts do not have minimum lease payments and therefore are not included in the tables above.  However, such contracts have been included in the contractual obligations table in Note 11B, "Commitments and Contingencies - Long-Term Contractual Arrangements," to the financial statements.