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REVENUES
3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES

The following tables present operating revenues disaggregated by revenue source:
 
For the Three Months Ended March 31, 2020
Eversource
(Millions of Dollars)
Electric
Distribution
 
Natural Gas
Distribution
 
Electric
Transmission
 
Water Distribution
 
Other
 
Eliminations
 
Total
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail Tariff Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
963.8

 
$
238.0

 
$

 
$
27.8

 
$

 
$

 
$
1,229.6

Commercial
607.0

 
134.6

 

 
14.8

 

 
(1.0
)
 
755.4

Industrial
79.8

 
28.3

 

 
1.1

 

 
(3.2
)
 
106.0

Total Retail Tariff Sales Revenues
1,650.6

 
400.9

 

 
43.7

 

 
(4.2
)
 
2,091.0

Wholesale Transmission Revenues

 

 
336.3

 

 
17.3

 
(283.6
)
 
70.0

Wholesale Market Sales Revenues
91.0

 
13.2

 

 
0.8

 

 

 
105.0

Other Revenues from Contracts with Customers
19.1

 
0.9

 
3.4

 
1.9

 
277.3

 
(276.2
)
 
26.4

Amortization/(Reserve) for Revenues
  Subject to Refund
2.3

 
0.5

 

 
(0.8
)
 

 

 
2.0

Total Revenues from Contracts with Customers
1,763.0

 
415.5

 
339.7

 
45.6

 
294.6

 
(564.0
)
 
2,294.4

Alternative Revenue Programs (1)
38.8

 
32.2

 
29.8

 
1.1

 

 
(27.4
)
 
74.5

Other Revenues (2)
3.5

 
0.9

 
0.2

 
0.2

 

 

 
4.8

Total Operating Revenues
$
1,805.3

 
$
448.6

 
$
369.7

 
$
46.9

 
$
294.6

 
$
(591.4
)
 
$
2,373.7


 
For the Three Months Ended March 31, 2019
Eversource
(Millions of Dollars)
Electric
Distribution
 
Natural Gas
Distribution
 
Electric
Transmission
 
Water Distribution
 
Other
 
Eliminations
 
Total
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail Tariff Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential
$
1,033.3

 
$
258.9

 
$

 
$
27.0

 
$

 
$

 
$
1,319.2

Commercial
652.6

 
143.8

 

 
14.3

 

 
(1.1
)
 
809.6

Industrial
82.1

 
30.9

 

 
1.1

 

 
(2.7
)
 
111.4

Total Retail Tariff Sales Revenues
1,768.0

 
433.6

 

 
42.4

 

 
(3.8
)
 
2,240.2

Wholesale Transmission Revenues

 

 
324.9

 

 
13.5

 
(270.8
)
 
67.6

Wholesale Market Sales Revenues
51.5

 
21.7

 

 
1.0

 

 

 
74.2

Other Revenues from Contracts with Customers
12.6

 
0.9

 
3.2

 
1.7

 
244.6

 
(245.4
)
 
17.6

Amortization/(Reserve) for Revenues
Subject to Refund
(3.1
)
 
1.6

 

 
(0.8
)
 

 

 
(2.3
)
Total Revenues from Contracts with Customers
1,829.0

 
457.8

 
328.1

 
44.3

 
258.1

 
(520.0
)
 
2,397.3

Alternative Revenue Programs (1)
2.1

 
10.4

 
12.4

 
0.9

 

 
(11.1
)
 
14.7

Other Revenues (2)
2.8

 
0.7

 

 
0.3

 

 

 
3.8

Total Operating Revenues
$
1,833.9

 
$
468.9

 
$
340.5

 
$
45.5

 
$
258.1

 
$
(531.1
)
 
$
2,415.8

 
For the Three Months Ended March 31, 2020
 
For the Three Months Ended March 31, 2019
(Millions of Dollars)
CL&P
 
NSTAR Electric
 
PSNH
 
CL&P
 
NSTAR Electric
 
PSNH
Revenues from Contracts with Customers
 
 
 
 
 
 
 
 
 
 
 
Retail Tariff Sales
 
 
 
 
 
 
 
 
 
 
 
Residential
$
489.9

 
$
331.0

 
$
142.9

 
$
510.5

 
$
371.0

 
$
151.8

Commercial
226.4

 
301.9

 
79.1

 
236.7

 
336.5

 
79.8

Industrial
34.0

 
26.8

 
19.0

 
34.6

 
28.8

 
18.7

Total Retail Tariff Sales Revenues
750.3

 
659.7

 
241.0

 
781.8

 
736.3

 
250.3

Wholesale Transmission Revenues
151.8

 
134.8

 
49.7

 
154.8

 
122.6

 
47.5

Wholesale Market Sales Revenues
64.7

 
14.4

 
11.9

 
13.7

 
24.4

 
13.4

Other Revenues from Contracts with Customers
8.8

 
10.7

 
3.7

 
8.9

 
4.0

 
3.6

Amortization/(Reserve) for Revenues
Subject to Refund

 

 
2.3

 

 

 
(3.1
)
Total Revenues from Contracts with Customers
975.6

 
819.6

 
308.6

 
959.2

 
887.3

 
311.7

Alternative Revenue Programs (1)
44.6

 
19.3

 
4.7

 
5.7

 
7.3

 
1.5

Other Revenues (2)
1.7

 
1.4

 
0.6

 
1.0

 
1.5

 
0.3

Eliminations
(122.2
)
 
(106.5
)
 
(37.5
)
 
(116.7
)
 
(98.5
)
 
(37.1
)
Total Operating Revenues
$
899.7

 
$
733.8

 
$
276.4

 
$
849.2

 
$
797.6

 
$
276.4


(1) 
CL&P, NSTAR Electric, Yankee Gas, NSTAR Gas and the Connecticut water distribution business each have a revenue decoupling mechanism approved by a regulatory commission. The revenue decoupling mechanisms mitigate the impact of lower demand and resulting lost sales revenues by allowing for a true-up to occur as part of each company’s annual decoupling filing. These revenue decoupling mechanisms qualify as alternative revenue programs in accordance with accounting guidance for rate-regulated operations. The increase in revenues from Alternative Revenue Programs for the three months ended March 31, 2020, as compared to the three months ended March 31, 2019, was primarily the result of a higher decoupling deferral adjustment driven by lower distribution sales volumes in the first quarter of 2020. The decoupling deferral adjustment to revenues is recorded as a regulatory tracker mechanism within Regulatory Assets on the balance sheets.

(2)  
Other Revenues include certain fees charged to customers that are not considered revenue from contracts with customers. Other revenues also includes lease revenues under lessor accounting guidance of $1.1 million (including $0.2 million at CL&P, and $0.7 million at NSTAR Electric) and $1.0 million (including $0.2 million at CL&P, and $0.6 million at NSTAR Electric) for the three months ended March 31, 2020 and March 31, 2019, respectively.