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ACQUISITION OF ASSETS OF COLUMBIA GAS OF MASSACHUSETTS
3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
ACQUISITION OF ASSETS OF COLUMBIA GAS OF MASSACHUSETTS ACQUISITION OF ASSETS OF COLUMBIA GAS OF MASSACHUSETTS
On October 9, 2020, Eversource acquired certain assets and liabilities that comprised the NiSource Inc. (NiSource) natural gas distribution business in Massachusetts, which was previously doing business as CMA, pursuant to an asset purchase agreement (the Agreement) entered into on February 26, 2020 between Eversource and NiSource. The cash purchase price was $1.1 billion, plus a working capital amount of $68.6 million, as finalized in the first quarter of 2021. The natural gas distribution assets acquired from CMA were assigned to EGMA, an indirect wholly-owned subsidiary of Eversource formed in 2020. The LNG assets acquired from CMA were assigned to Hopkinton LNG Corp.

Preliminary Purchase Price Allocation: The purchase price allocation reflects measurement period adjustments recorded as of March 31, 2021 to reduce the fair values of certain regulatory and plant assets acquired, resulting in a corresponding increase to Goodwill, based on new information received during the measurement period.

The preliminary allocation of the cash purchase price is as follows:
(Millions of Dollars)
Current Assets$138 
Restricted Cash57 
PP&E1,193 
Goodwill49 
Other Noncurrent Assets, excluding Goodwill130 
Other Current Liabilities(81)
Other Noncurrent Liabilities(317)
Cash Purchase Price$1,169