XML 33 R14.htm IDEA: XBRL DOCUMENT v3.22.2
THE CONNECTICUT LIGHT AND POWER COMPANY CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net Income $ 739,068 $ 634,422
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 583,568 545,352
Deferred Income Taxes 126,970 120,390
Uncollectible Expense 30,032 27,683
Pension, SERP and PBOP (Income)/Expense, Net (80,404) (6,391)
Pension and PBOP Contributions (52,400) (72,400)
Regulatory (Under)/Over Recoveries, Net (226,238) 18,252
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (64,909) 28,583
Cost of Removal Expenditures (169,863) (95,593)
Other (75,916) (58,472)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (176,132) (85,261)
Taxes Receivable/Accrued, Net 85,071 (9,113)
Accounts Payable (83,550) (285,670)
Other Current Assets and Liabilities, Net (100,835) (67,961)
Net Cash Flows Provided by Operating Activities 841,819 807,445
Investing Activities:    
Investments in Property, Plant and Equipment (1,549,081) (1,423,223)
Other Investing Activities 10,771 12,661
Net Cash Flows Used in Investing Activities (1,799,055) (1,497,976)
Financing Activities:    
Cash Dividends on Common Shares (427,931) (402,211)
Cash Dividends on Preferred Stock (3,759) (3,759)
Issuance of Long-Term Debt 3,350,000 1,525,000
Other Financing Activities (42,133) (35,008)
Net Cash Flows Provided by/(Used in) Financing Activities 892,904 793,592
Net (Decrease)/Increase in Cash and Restricted Cash (64,332) 103,061
Cash and Restricted Cash - Beginning of Period 221,008 264,950
Cash and Restricted Cash - End of Period 156,676 368,011
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 278,814 213,955
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 175,498 167,828
Deferred Income Taxes 15,782 41,886
Uncollectible Expense 6,701 6,614
Pension, SERP and PBOP (Income)/Expense, Net (14,532) 3,803
Pension and PBOP Contributions 0 (37,880)
Regulatory (Under)/Over Recoveries, Net (141,830) (50,704)
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty (64,909) 28,583
Amortization of Regulatory Assets/(Liabilities), Net 212,522 47,716
Cost of Removal Expenditures (37,103) (38,031)
Other (23,311) (24,106)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (170,500) (104,262)
Taxes Receivable/Accrued, Net 18,735 33,049
Accounts Payable (20,845) (80,007)
Other Current Assets and Liabilities, Net 3,563 15,513
Net Cash Flows Provided by Operating Activities 238,585 223,957
Investing Activities:    
Investments in Property, Plant and Equipment (414,407) (393,323)
Other Investing Activities 424 157
Net Cash Flows Used in Investing Activities (413,983) (393,166)
Financing Activities:    
Cash Dividends on Common Shares (146,200) (140,200)
Cash Dividends on Preferred Stock (2,779) (2,779)
Capital Contributions from Eversource Parent 200,000 0
Issuance of Long-Term Debt 0 425,000
(Decrease)/Increase in Notes Payable to Eversource Parent 67,500 0
Other Financing Activities 0 (5,180)
Net Cash Flows Provided by/(Used in) Financing Activities 118,521 276,841
Net (Decrease)/Increase in Cash and Restricted Cash (56,877) 107,632
Cash and Restricted Cash - Beginning of Period 74,788 99,809
Cash and Restricted Cash - End of Period $ 17,911 $ 207,441