SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Accounts, Notes, Loans and Financing Receivable

The total provision for both uncollectible accounts and for uncollectible hardship accounts (the uncollectible hardship balance is included in the total provision) is included in Receivables, Net on the balance sheets, and is as follows:



	Total Provision for Uncollectible Accounts				Uncollectible Hardship
(Millions of Dollars)	As of September 30, 2018		As of December 31, 2017		As of September 30, 2018		As of December 31, 2017
Eversource	$	218.1	$	195.7	$	132.6	$	122.5
CL&P	84.6		78.9		68.3		65.5
NSTAR Electric	82.0		69.7		46.5		40.3
PSNH	11.3		10.5		—		—

In accordance with new revenue accounting guidance, uncollectible expense associated with customers' accounts receivable included in Operations and Maintenance expense on the statements of income is as follows:



	For the Three Months Ended				For the Nine Months Ended
(Millions of Dollars)	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
Eversource	$	21.5	$	14.4	$	50.7	$	30.1
CL&P	4.4		3.6		12.1		1.8
NSTAR Electric	9.1		8.1		20.4		14.9
PSNH	1.6		1.5		4.9		5.2

Schedule of Other Income, Net

The components of Other Income, Net on the statements of income were as follows:



	For the Three Months Ended
	September 30, 2018										September 30, 2017
(Millions of Dollars)	Eversource			CL&P		NSTAR Electric			PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Pension, SERP and PBOP Non-Service Income Components ⁽¹⁾	$	14.8		$	2.0	$	9.0		$	2.0	$	7.3	$	0.4	$	4.7	$	1.5
AFUDC Equity	12.0			3.3		4.2			—		9.2		3.3		2.7		—
Equity in Earnings/(Loss) and Impairment of Unconsolidated Affiliates ⁽²⁾	(27.9		)	—		0.2			—		5.1		—		0.3		—
Investment Income/(Loss)	1.8			0.7		(0.4		)	0.1		4.6		3.1		0.9		0.7
Interest Income ⁽³⁾	10.8			0.9		0.2			9.6		2.3		1.1		0.6		0.5
Gain on Sale of Property	5.0			—		0.5			4.4		—		—		—		—
Other	0.2			0.2		—			—		—		—		—		—
Total Other Income, Net ⁽¹⁾	$	16.7		$	7.1	$	13.7		$	16.1	$	28.5	$	7.9	$	9.2	$	2.7



	For the Nine Months Ended
	September 30, 2018									September 30, 2017
(Millions of Dollars)	Eversource			CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Pension, SERP and PBOP Non-Service Income Components ⁽¹⁾	$	44.6		$	7.3	$	26.8	$	6.4	$	22.9	$	1.3	$	14.5	$	4.5
AFUDC Equity	32.6			9.4		11.5		—		23.8		8.2		6.7		—
Equity in Earnings/(Loss) and Impairment of Unconsolidated Affiliates ⁽²⁾	(0.4		)	—		0.6		—		23.0		—		0.2		—
Investment Income	2.2			0.9		0.6		0.2		3.7		2.4		2.1		1.2
Interest Income ⁽³⁾	16.2			2.9		0.6		13.3		5.8		3.5		1.1		1.6
Gain on Sale of Property	5.0			—		0.5		4.4		—		—		—		—
Other	0.5			0.2		—		—		—		—		—		0.1
Total Other Income, Net ⁽¹⁾	$	100.7		$	20.7	$	40.6	$	24.3	$	79.2	$	15.4	$	24.6	$	7.4

⁽¹⁾

As a result of the adoption of new accounting guidance, the non-service related components of pension, SERP and PBOP benefit costs are presented as non-operating income and recorded in Other Income, Net on the statements of income. The 2017 amounts, which were previously presented within Operations and Maintenance expense on the statements of income, have been retrospectively presented within Other Income, Net for the three and nine months ended September 30, 2017. Eversource elected the practical expedient in the accounting guidance that allows the Company to use the amounts disclosed in its Pension Benefits and Postretirement Benefits Other Than Pension footnote for the prior period presentations as the estimation basis for applying the retrospective presentation requirements.

⁽²⁾For the three months ended September 30, 2018, equity in earnings/(loss) and impairment of unconsolidated affiliates includes an other-than-temporary impairment of $32.9 million in the Access Northeast project investment. See Note 1D, "Summary of Significant Accounting Policies - Impairment of Access Northeast," for further information. For the nine months ended September 30, 2018 and 2017, equity in earnings includes $17.6 million and $9.7 million of unrealized gains associated with an investment in a renewable energy fund, respectively.

⁽³⁾See Note 2, "Regulatory Accounting," for interest income recognized in the third quarter of 2018 for the equity return component of carrying charges on storm costs at PSNH.

State Of Connecticut Gross Earnings Taxes

These gross receipts taxes are shown separately with collections in Operating Revenues and with payments in Taxes Other Than Income Taxes on the statements of income as follows:



	For the Three Months Ended				For the Nine Months Ended
(Millions of Dollars)	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
Eversource	$	43.5	$	40.3	$	122.5	$	118.2
CL&P	40.6		37.8		107.7		103.5

Schedule of Supplemental Cash Flow Information

Non-cash investing activities include plant additions included in Accounts Payable as follows:



(Millions of Dollars)	As of September 30, 2018		As of September 30, 2017
Eversource	$	303.7	$	307.7
CL&P	103.0		113.4
NSTAR Electric	62.5		92.5
PSNH	48.3		39.6

Schedule of Cash and Cash Equivalents

The following table reconciles cash and cash equivalents as reported on the balance sheets to the cash, cash equivalents, and restricted cash as reported on the statements of cash flows:



	As of September 30, 2018								As of December 31, 2017
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Cash and Cash Equivalents as reported on the Balance Sheets	$	59.1	$	1.0	$	2.4	$	7.5	$	38.2	$	6.0	$	1.8	$	0.9
Restricted cash included in:
Prepayments and Other Current Assets	51.4		3.5		12.9		26.8		24.4		3.1		12.8		0.5
Marketable Securities	20.9		0.4		0.1		0.7		23.3		0.5		0.1		0.8
Other Long-Term Assets	3.2		—		—		3.2		—		—		—		—
Cash, Cash Equivalents, and Restricted Cash reported on the Statements of Cash Flows	$	134.6	$	4.9	$	15.4	$	38.2	$	85.9	$	9.6	$	14.7	$	2.2