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THE CONNECTICUT LIGHT AND POWER COMPANY CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net Income $ 445,326 $ 368,023
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 289,330 270,704
Deferred Income Taxes 67,557 41,917
Uncollectible Expense 17,135 16,295
Pension, SERP and PBOP (Income)/Expense, Net (40,642) (2,341)
Pension and PBOP Contributions (26,100) (31,100)
Regulatory (Under)/Over Recoveries, Net (107,767) 28,024
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (58,412) 30,000
Cost of Removal Expenditures (61,660) (39,333)
Other (21,409) (51,913)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (291,723) (124,344)
Taxes Receivable/Accrued, Net 56,519 64,076
Accounts Payable (68,909) (181,725)
Other Current Assets and Liabilities, Net (44,758) (42,386)
Net Cash Flows Provided by Operating Activities 371,940 411,416
Investing Activities:    
Investments in Property, Plant and Equipment (764,594) (688,983)
Other Investing Activities 5,976 7,135
Net Cash Flows Used in Investing Activities (858,247) (704,517)
Financing Activities:    
Cash Dividends on Common Shares (213,890) (201,013)
Cash Dividends on Preferred Stock (1,880) (1,880)
Other Financing Activities (26,087) (19,666)
Net Cash Flows Provided by/(Used in) Financing Activities 429,888 203,755
Net Decrease in Cash and Restricted Cash (56,419) (89,346)
Cash and Restricted Cash - Beginning of Period 221,008 264,950
Cash and Restricted Cash - End of Period 164,589 175,604
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 152,977 98,398
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 87,265 83,405
Deferred Income Taxes 19,627 25,354
Uncollectible Expense 3,776 3,797
Pension, SERP and PBOP (Income)/Expense, Net (7,330) 3,088
Pension and PBOP Contributions 0 (18,940)
Regulatory (Under)/Over Recoveries, Net (162,474) (59,971)
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (58,412) 30,000
Amortization of Regulatory Assets, Net 169,749 62,775
Cost of Removal Expenditures (16,684) (17,293)
Other (9,357) (12,777)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (125,429) (66,930)
Taxes Receivable/Accrued, Net 67,708 29,596
Accounts Payable 38,010 17,124
Other Current Assets and Liabilities, Net (24,143) (21,433)
Net Cash Flows Provided by Operating Activities 135,283 156,193
Investing Activities:    
Investments in Property, Plant and Equipment (205,343) (197,954)
Other Investing Activities 346 80
Net Cash Flows Used in Investing Activities (204,997) (197,874)
Financing Activities:    
Cash Dividends on Common Shares (73,100) (70,100)
Cash Dividends on Preferred Stock (1,390) (1,390)
Capital Contributions from Eversource Parent 100,000 0
Increase in Notes Payable to Eversource Parent 0 32,100
Other Financing Activities 0 (450)
Net Cash Flows Provided by/(Used in) Financing Activities 25,510 (39,840)
Net Decrease in Cash and Restricted Cash (44,204) (81,521)
Cash and Restricted Cash - Beginning of Period 74,788 99,809
Cash and Restricted Cash - End of Period $ 30,584 $ 18,288