LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of Lease Cost

The components of lease cost, prior to amounts capitalized, are as follows:

	For the Three Months Ended September 30, 2019								For the Nine Months Ended September 30, 2019
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Financing Lease Cost:
Amortization of Right-of-use-Assets	$	0.4	$	0.2	$	0.1	$	—	$	1.1	$	0.6	$	0.1	$	0.1
Interest on Lease Liabilities	0.3		0.1		0.1		—		1.0		0.4		0.4		—
Total Finance Lease Cost	0.7		0.3		0.2		—		2.1		1.0		0.5		0.1
Operating Lease Cost	2.9		0.1		0.5		—		8.9		0.3		1.3		0.1
Variable Lease Cost	15.3		3.6		—		11.7		46.4		10.1		—		36.3
Total Lease Cost	$	18.9	$	4.0	$	0.7	$	11.7	$	57.4	$	11.4	$	1.8	$	36.5

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

		As of September 30, 2019
(Millions of Dollars)	Balance Sheet Classification	Eversource		CL&P		NSTAR Electric		PSNH
Operating Leases:
Operating Lease Right-of-use-Assets, Net	Other Long-Term Assets	$	52.3	$	0.9	$	24.2	$	0.4
Operating Lease Liabilities
Operating Lease Liabilities - Current Portion	Other Current Liabilities	$	8.9	$	0.5	$	0.6	$	—
Operating Lease Liabilities - Long-Term	Other Long-Term Liabilities	43.4		0.4		23.6		0.4
Total Operating Lease Liabilities		$	52.3	$	0.9	$	24.2	$	0.4
Finance Leases:
Finance Lease Right-of-use-Assets, Net	Property, Plant and Equipment, Net	$	8.8	$	2.2	$	3.4	$	0.9
Finance Lease Liabilities
Finance Lease Liabilities - Current Portion	Other Current Liabilities	$	2.3	$	1.6	$	—	$	0.1
Finance Lease Liabilities - Long-Term	Other Long-Term Liabilities	8.7		1.8		4.4		0.8
Total Finance Lease Liabilities		$	11.0	$	3.4	$	4.4	$	0.9

Other Information Related to Leases

Other information related to leases is as follows (in millions of dollars, unless otherwise noted):

	Eversource			CL&P			NSTAR Electric			PSNH
As of September 30, 2019
Weighted-Average Remaining Lease Term (Years):
Operating Leases	12			2			20			9
Financing Leases	11			2			22			9
Weighted-Average Discount Rate (Percentage):
Operating Leases	3.9		%	2.5		%	4.1		%	3.7		%
Financing Leases	4.2		%	10.5		%	2.9		%	3.5		%
For the Three Months Ended September 30, 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows from Operating Leases	$	2.9		$	0.1		$	0.5		$	—
Operating Cash Flows from Finance Leases	0.3			0.1			0.1			—
Financing Cash Flows from Finance Leases	0.5			0.4			—			—
Supplemental Non-Cash Information on Lease Liabilities:
Right-of-use-Assets Obtained in Exchange for New Operating Lease Liabilities	0.9			0.8			—			—
Right-of-use-Assets Obtained in Exchange for New Finance Lease Liabilities	—			—			—			—

For the Nine Months Ended September 30, 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows from Operating Leases	$	8.7	$	0.3	$	1.2	$	0.1
Operating Cash Flows from Finance Leases	1.0		0.4		0.4		—
Financing Cash Flows from Finance Leases	1.5		1.0		—		0.1
Supplemental Non-Cash Information on Lease Liabilities:
Right-of-use-Assets Obtained in Exchange for New Operating Lease Liabilities	2.6		1.0		—		0.2
Right-of-use-Assets Obtained in Exchange for New Finance Lease Liabilities	1.3		—		—		—

Future Minimum Lease Payments under Long-Term Leases

Future minimum lease payments, excluding variable costs, under long-term leases, as of September 30, 2019 are as follows:

	Operating Leases								Finance Leases
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
October 1, 2019 through December 31, 2019	$	2.6	$	0.1	$	0.3	$	—	$	0.9	$	0.5	$	0.1	$	—
Year Ending December 31,
2020	10.1		0.5		1.6		0.1		3.4		2.0		0.5		0.1
2021	8.9		0.2		1.6		0.1		2.9		1.5		0.5		0.1
2022	7.4		—		1.6		0.1		1.5		—		0.6		0.1
2023	4.9		—		1.6		—		0.7		—		0.6		0.1
2024	2.8		—		1.6		—		0.7		—		0.6		0.1
Thereafter	28.9		0.1		28.7		0.2		13.3		—		12.8		0.5
Future lease payments	65.6		0.9		37.0		0.5		23.4		4.0		15.7		1.0
Less amount representing interest	13.3		—		12.8		0.1		12.4		0.6		11.3		0.1
Present value of future minimum lease payments	$	52.3	$	0.9	$	24.2	$	0.4	$	11.0	$	3.4	$	4.4	$	0.9

Future Minimum Lease Payments under Long-Term Leases

Future minimum lease payments, excluding variable costs, under long-term leases, as of September 30, 2019 are as follows:

	Operating Leases								Finance Leases
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
October 1, 2019 through December 31, 2019	$	2.6	$	0.1	$	0.3	$	—	$	0.9	$	0.5	$	0.1	$	—
Year Ending December 31,
2020	10.1		0.5		1.6		0.1		3.4		2.0		0.5		0.1
2021	8.9		0.2		1.6		0.1		2.9		1.5		0.5		0.1
2022	7.4		—		1.6		0.1		1.5		—		0.6		0.1
2023	4.9		—		1.6		—		0.7		—		0.6		0.1
2024	2.8		—		1.6		—		0.7		—		0.6		0.1
Thereafter	28.9		0.1		28.7		0.2		13.3		—		12.8		0.5
Future lease payments	65.6		0.9		37.0		0.5		23.4		4.0		15.7		1.0
Less amount representing interest	13.3		—		12.8		0.1		12.4		0.6		11.3		0.1
Present value of future minimum lease payments	$	52.3	$	0.9	$	24.2	$	0.4	$	11.0	$	3.4	$	4.4	$	0.9

Future Minimum Rental Payments under Operating Leases

At December 31, 2018, future minimum rental payments, excluding executory costs, such as property taxes, state use taxes, insurance, and maintenance were as follows:

Operating Leases (Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH
2019	$	11.5	$	1.5	$	7.2	$	0.5
2020	9.8		1.4		6.0		0.4
2021	8.7		1.2		5.3		0.4
2022	7.2		1.1		4.4		0.4
2023	4.7		0.5		3.1		0.2
Thereafter	32.7		0.2		29.5		0.3
Future minimum lease payments	$	74.6	$	5.9	$	55.5	$	2.2

Future Minimum Rental Payments under Capital Leases

Capital Leases (Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH
2019	$	3.4	$	2.0	$	0.5	$	0.1
2020	3.4		2.0		0.5		0.1
2021	2.9		1.5		0.5		0.1
2022	1.5		—		0.6		0.1
2023	0.7		—		0.6		0.1
Thereafter	13.9		—		13.4		0.5
Future minimum lease payments	25.8		5.5		16.1		1.0
Less amount representing interest	13.8		1.0		12.4		0.1
Present value of future minimum lease payments	$	12.0	$	4.5	$	3.7	$	0.9