REGULATORY ACCOUNTING (Tables)

6 Months Ended

Jun. 30, 2021

Regulated Operations [Abstract]

Components of Regulatory Assets

The components of regulatory assets were as follows:

	As of June 30, 2021								As of December 31, 2020
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Benefit Costs	$	2,625.1	$	551.7	$	653.9	$	255.1	$	2,794.2	$	632.3	$	690.0	$	267.6
Income Taxes, Net	755.4		460.5		112.2		17.4		747.1		458.9		110.4		15.2
Securitized Stranded Costs	500.5		—		—		500.5		522.1		—		—		522.1
Storm Restoration Costs, Net	745.9		500.2		169.5		76.2		765.6		515.1		186.4		64.1
Regulatory Tracker Mechanisms	950.9		347.5		378.8		79.1		850.5		246.6		332.2		95.3
Derivative Liabilities	279.7		279.7		—		—		296.3		293.1		—		—
Goodwill-related	306.2		—		262.9		—		314.7		—		270.2		—
Asset Retirement Obligations	118.2		33.2		55.8		4.0		118.4		32.1		58.6		3.9
Other Regulatory Assets	151.4		31.6		51.3		18.1		161.0		33.7		56.1		20.9
Total Regulatory Assets	6,433.3		2,204.4		1,684.4		950.4		6,569.9		2,211.8		1,703.9		989.1
Less:  Current Portion	1,186.9		458.6		448.0		99.5		1,076.6		345.6		399.9		115.9
Total Long-Term Regulatory Assets	$	5,246.4	$	1,745.8	$	1,236.4	$	850.9	$	5,493.3	$	1,866.2	$	1,304.0	$	873.2

Components of Regulatory Liabilities

The components of regulatory liabilities were as follows:

	As of June 30, 2021								As of December 31, 2020
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
EDIT due to Tax Cuts and Jobs Act of 2017	$	2,748.6	$	1,005.4	$	1,030.5	$	364.2	$	2,778.6	$	1,010.7	$	1,044.0	$	371.5
Cost of Removal	657.1		108.7		374.4		17.1		624.8		98.4		363.6		12.9
Benefit Costs	70.4		—		60.2		—		83.6		—		72.5		—
Regulatory Tracker Mechanisms	474.7		190.3		147.7		51.0		366.5		148.9		139.7		47.8
AFUDC - Transmission	78.7		43.9		34.8		—		76.8		44.6		32.2		—
Other Regulatory Liabilities	383.1		78.8		77.5		14.3		309.9		39.5		63.2		9.8
Total Regulatory Liabilities	4,412.6		1,427.1		1,725.1		446.6		4,240.2		1,342.1		1,715.2		442.0
Less:  Current Portion	532.5		219.8		173.0		61.9		389.4		137.2		164.8		58.8
Total Long-Term Regulatory Liabilities	$	3,880.1	$	1,207.3	$	1,552.1	$	384.7	$	3,850.8	$	1,204.9	$	1,550.4	$	383.2