LEASES (Tables)

12 Months Ended

Dec. 31, 2021

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


Eversource	For the Years Ended December 31,
(Millions of Dollars)	2021		2020		2019
Finance Lease Cost:
Amortization of Right-of-use-Assets	$	4.6	$	2.6	$	1.7
Interest on Lease Liabilities	3.9		1.4		1.2
Total Finance Lease Cost	8.5		4.0		2.9
Operating Lease Cost	12.2		11.1		11.7
Variable Lease Cost	61.0		57.8		60.5
Total Lease Cost	$	81.7	$	72.9	$	75.1


	For the Years Ended December 31,
	2021						2020						2019
(Millions of Dollars)	CL&P		NSTAR Electric		PSNH		CL&P		NSTAR Electric		PSNH		CL&P		NSTAR Electric		PSNH
Finance Lease Cost:
Amortization of Right-of-use-Assets	$	0.5	$	0.2	$	0.1	$	0.7	$	0.2	$	0.1	$	0.7	$	0.2	$	0.1
Interest on Lease Liabilities	0.1		0.6		—		0.3		0.6		—		0.6		0.6		—
Total Finance Lease Cost	0.6		0.8		0.1		1.0		0.8		0.1		1.3		0.8		0.1
Operating Lease Cost	0.3		2.3		0.1		0.6		2.1		0.1		0.5		3.4		0.1
Variable Lease Cost	16.2		—		44.8		12.2		—		45.6		13.3		—		47.2
Total Lease Cost	$	17.1	$	3.1	$	45.0	$	13.8	$	2.9	$	45.8	$	15.1	$	4.2	$	47.4

Supplemental balance sheet information related to leases is as follows:


		As of December 31, 2021								As of December 31, 2020
(Millions of Dollars)	Balance Sheet Classification	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Operating Leases:
Right-of-use-Assets, Net	Other Long-Term Assets	$	47.2	$	0.1	$	24.3	$	0.3	$	55.2	$	0.3	$	23.6	$	0.3
Operating Lease Liabilities
Current Portion	Other Current Liabilities	$	10.0	$	0.1	$	1.1	$	—	$	9.5	$	0.2	$	0.7	$	—
Long-Term	Other Long-Term Liabilities	37.2		—		23.2		0.3		45.7		0.1		22.9		0.3
Total Operating Lease Liabilities		$	47.2	$	0.1	$	24.3	$	0.3	$	55.2	$	0.3	$	23.6	$	0.3
Finance Leases:
Right-of-use-Assets, Net	Property, Plant and Equipment, Net	$	58.0	$	—	$	3.3	$	0.7	$	60.5	$	0.7	$	3.5	$	0.8
Finance Lease Liabilities
Current Portion	Other Current Liabilities	$	3.9	$	—	$	—	$	0.1	$	5.0	$	1.4	$	—	$	0.1
Long-Term	Other Long-Term Liabilities	55.4		—		4.9		0.6		57.6		—		4.8		0.7
Total Finance Lease Liabilities		$	59.3	$	—	$	4.9	$	0.7	$	62.6	$	1.4	$	4.8	$	0.8

Other information related to leases is as follows:


	As of December 31,
	2021								2020
	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Weighted-Average Remaining Lease Term (Years):
Operating Leases	13		7		18		7		10		3		19		8
Finance Leases	16		—		20		7		17		1		21		8
Weighted-Average Discount Rate (Percentage):
Operating Leases	4.1	%	3.0	%	4.0	%	3.7	%	4.0	%	2.4	%	4.1	%	3.7	%
Finance Leases	2.7	%	—	%	2.9	%	3.5	%	2.9	%	10.5	%	2.9	%	3.5	%


(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH
For the Year Ended December 31, 2021
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows from Operating Leases	$	12.1	$	0.3	$	2.1	$	0.1
Operating Cash Flows from Finance Leases	3.4		0.1		0.6		—
Financing Cash Flows from Finance Leases	4.1		1.4		—		0.1
Supplemental Non-Cash Information on Lease Liabilities:
Right-of-use-Assets Obtained in Exchange for New Operating Lease Liabilities	2.1		—		1.9		—
Right-of-use-Assets Obtained in Exchange for New Finance Lease Liabilities	2.3		—		—		—


(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH
For the Year Ended December 31, 2020
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows from Operating Leases	$	10.9	$	0.6	$	1.8	$	0.1
Operating Cash Flows from Finance Leases	1.7		0.3		0.6		—
Financing Cash Flows from Finance Leases	2.8		1.6		—		0.1
Supplemental Non-Cash Information on Lease Liabilities:
Right-of-use-Assets Obtained in Exchange for New Operating Lease Liabilities	0.6		0.1		0.2		—
Right-of-use-Assets Obtained in Exchange for New Finance Lease Liabilities	0.7		—		0.3		—


(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH
For the Year Ended December 31, 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities:
Operating Cash Flows from Operating Leases	$	11.4	$	0.4	$	1.6	$	0.1
Operating Cash Flows from Finance Leases	1.2		0.6		0.6		—
Financing Cash Flows from Finance Leases	2.6		1.4		—		0.1
Supplemental Non-Cash Information on Lease Liabilities:
Right-of-use-Assets Obtained in Exchange for New Operating Lease Liabilities	2.9		1.0		0.1		0.2
Right-of-use-Assets Obtained in Exchange for New Finance Lease Liabilities	2.0		—		—		—

Future minimum lease payments, excluding variable costs, under long-term leases, as of December 31, 2021 are as follows:


	Operating Leases								Finance Leases
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		NSTAR Electric		PSNH
Year Ending December 31,
2022	$	11.1	$	0.1	$	2.1	$	0.1	$	6.0	$	0.6	$	0.1
2023	7.6		—		2.1		0.1		5.2		0.7		0.1
2024	6.1		—		2.1		—		5.3		0.7		0.1
2025	3.2		—		1.7		—		5.2		0.6		0.1
2026	2.5		—		1.7		—		4.7		0.6		0.1
Thereafter	27.8		—		25.3		0.1		56.0		12.4		0.3
Future lease payments	58.3		0.1		35.0		0.3		82.4		15.6		0.8
Less amount representing interest	11.1		—		10.7		—		23.1		10.7		0.1
Present value of future minimum lease payments	$	47.2	$	0.1	$	24.3	$	0.3	$	59.3	$	4.9	$	0.7

Future minimum lease payments, excluding variable costs, under long-term leases, as of December 31, 2021 are as follows:


	Operating Leases								Finance Leases
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		NSTAR Electric		PSNH
Year Ending December 31,
2022	$	11.1	$	0.1	$	2.1	$	0.1	$	6.0	$	0.6	$	0.1
2023	7.6		—		2.1		0.1		5.2		0.7		0.1
2024	6.1		—		2.1		—		5.3		0.7		0.1
2025	3.2		—		1.7		—		5.2		0.6		0.1
2026	2.5		—		1.7		—		4.7		0.6		0.1
Thereafter	27.8		—		25.3		0.1		56.0		12.4		0.3
Future lease payments	58.3		0.1		35.0		0.3		82.4		15.6		0.8
Less amount representing interest	11.1		—		10.7		—		23.1		10.7		0.1
Present value of future minimum lease payments	$	47.2	$	0.1	$	24.3	$	0.3	$	59.3	$	4.9	$	0.7