XML 65 R44.htm IDEA: XBRL DOCUMENT v3.22.2.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Allowance for Uncollectible Accounts The activity in the allowance for uncollectible accounts by portfolio segment as of September 30th is as follows:
EversourceCL&PNSTAR ElectricPSNH
(Millions of Dollars)Hardship AccountsRetail (Non-Hardship),
Wholesale, and Other		Total AllowanceHardship AccountsRetail (Non-Hardship),
Wholesale, and Other		Total AllowanceHardship AccountsRetail (Non-Hardship),
Wholesale, and Other		Total AllowanceTotal Allowance
Three Months Ended 2022
Beginning Balance$242.7 $215.1 $457.8 $152.1 $40.6 $192.7 $45.0 $55.5 $100.5 $27.3 
Uncollectible Expense— 10.7 10.7 — 4.1 4.1 — 3.5 3.5 3.5 
Uncollectible Costs Deferred (1)
15.6 9.4 25.0 11.3 2.0 13.3 2.8 4.0 6.8 0.1 
Write-Offs(6.5)(33.2)(39.7)(5.0)(7.7)(12.7)(0.3)(12.3)(12.6)(2.3)
Recoveries Collected0.3 3.5 3.8 0.2 1.0 1.2 — 1.3 1.3 0.2 
Ending Balance$252.1 $205.5 $457.6 $158.6 $40.0 $198.6 $47.5 $52.0 $99.5 $28.8 
Nine Months Ended 2022
Beginning Balance$226.1 $191.3 $417.4 $144.6 $36.7 $181.3 $43.3 $53.7 $97.0 $24.3 
Uncollectible Expense— 40.8 40.8 — 10.8 10.8 — 12.2 12.2 8.1 
Uncollectible Costs Deferred (1)
38.0 36.7 74.7 22.3 2.0 24.3 4.9 11.8 16.7 1.2 
Write-Offs(13.5)(76.3)(89.8)(9.4)(14.4)(23.8)(0.7)(30.6)(31.3)(5.4)
Recoveries Collected1.5 13.0 14.5 1.1 4.9 6.0 — 4.9 4.9 0.6 
Ending Balance$252.1 $205.5 $457.6 $158.6 $40.0 $198.6 $47.5 $52.0 $99.5 $28.8 
EversourceCL&PNSTAR ElectricPSNH
(Millions of Dollars)Hardship AccountsRetail (Non-Hardship),
Wholesale, and Other		Total AllowanceHardship AccountsRetail (Non-Hardship),
Wholesale, and Other		Total AllowanceHardship AccountsRetail (Non-Hardship),
Wholesale, and Other		Total AllowanceTotal Allowance
Three Months Ended 2021
Beginning Balance$210.7 $215.1 $425.8 $145.6 $43.2 $188.8 $35.9 $62.1 $98.0 $17.2 
Uncollectible Expense— 12.0 12.0 — 3.6 3.6 — 5.1 5.1 1.2 
Uncollectible Costs Deferred (1)
22.8 1.7 24.5 4.5 5.7 10.2 11.8 (3.5)8.3 1.2 
Write-Offs(3.9)(20.5)(24.4)(3.5)(5.4)(8.9)(0.1)(7.4)(7.5)(2.8)
Recoveries Collected0.3 3.5 3.8 0.2 1.6 1.8 — 1.1 1.1 0.2 
Ending Balance$229.9 $211.8 $441.7 $146.8 $48.7 $195.5 $47.6 $57.4 $105.0 $17.0 
Nine Months Ended 2021
Beginning Balance$194.8 $164.1 $358.9 $129.1 $28.3 $157.4 $39.7 $51.9 $91.6 $17.2 
Uncollectible Expense— 39.7 39.7 — 10.2 10.2 — 12.5 12.5 4.4 
Uncollectible Costs Deferred (1)
44.8 53.3 98.1 25.7 21.4 47.1 8.3 11.8 20.1 2.0 
Write-Offs(10.6)(55.2)(65.8)(8.7)(14.8)(23.5)(0.4)(22.6)(23.0)(7.3)
Recoveries Collected0.9 9.9 10.8 0.7 3.6 4.3 — 3.8 3.8 0.7 
Ending Balance$229.9 $211.8 $441.7 $146.8 $48.7 $195.5 $47.6 $57.4 $105.0 $17.0 

(1) These expected credit losses are deferred as regulatory costs on the balance sheets, as these amounts are ultimately recovered in rates. Amounts include uncollectible costs for hardship accounts and other customer receivables, including uncollectible amounts related to uncollectible energy supply costs and COVID-19.
Components of Other Income, Net
The components of Other Income, Net on the statements of income were as follows:
 For the Three Months Ended
 September 30, 2022September 30, 2021
(Millions of Dollars)EversourceCL&PNSTAR ElectricPSNHEversourceCL&PNSTAR ElectricPSNH
Pension, SERP and PBOP Non-Service
   Income Components, Net of Deferred Portion		$55.3 $16.2 $21.6 $6.8 $21.7 $4.2 $10.1 $2.5 
AFUDC Equity12.6 3.7 6.5 0.7 10.3 1.7 6.2 0.3 
Equity in Earnings of Unconsolidated Affiliates3.8 — 0.1 — 4.9 — 0.1 — 
Investment Income/(Loss)1.3 0.2 0.4 0.2 (0.6)(0.3)(0.2)(0.1)
Interest Income14.1 1.8 9.2 0.4 7.3 1.3 3.9 0.4 
Gain on Sale of Property2.5 — — — — — — — 
Other0.2 — 0.1 — 0.2 — 0.1 0.1 
Total Other Income, Net$89.8 $21.9 $37.9 $8.1 $43.8 $6.9 $20.2 $3.2 
 For the Nine Months Ended
 September 30, 2022September 30, 2021
(Millions of Dollars)EversourceCL&PNSTAR ElectricPSNHEversourceCL&PNSTAR ElectricPSNH
Pension, SERP and PBOP Non-Service
   Income Components, Net of Deferred Portion		$164.5 $48.3 $64.0 $20.1 $63.9 $11.2 $30.3 $7.9 
AFUDC Equity33.7 9.3 17.5 1.7 28.7 5.1 18.6 1.2 
Equity in Earnings of Unconsolidated Affiliates (1)
20.8 — 0.2 — 13.3 — 0.3 — 
Investment Income/(Loss)2.4 (0.9)0.6 0.5 0.7 1.2 0.6 0.3 
Interest Income30.3 4.6 18.8 1.1 17.2 4.1 8.8 2.0 
Gain on Sale of Property2.7 — — — 0.1 — — 0.1 
Other0.9 — 0.3 — 0.7 0.1 0.3 0.1 
Total Other Income, Net$255.3 $61.3 $101.4 $23.4 $124.6 $21.7 $58.9 $11.6 
(1)    Equity in earnings of unconsolidated affiliates includes $12.2 million and $2.1 million of pre-tax unrealized gains associated with an investment in a renewable energy fund for the nine months ended September 30, 2022 and 2021, respectively.
Investments in Unconsolidated Affiliates Eversource's investments included the following:
(Millions of Dollars)Ownership InterestAs of September 30, 2022As of December 31, 2021
Offshore Wind Business - North East Offshore50 %$1,823.5 $1,213.6 
Natural Gas Pipeline - Algonquin Gas Transmission, LLC15 %119.6 121.9 
Renewable Energy Investment Fund90 %84.5 76.5 
Other various25.8 24.3 
Total Investments in Unconsolidated Affiliates$2,053.4 $1,436.3 
Other Taxes These gross receipts taxes are recorded separately with collections in Operating Revenues and with payments in Taxes Other Than Income Taxes on the statements of income as follows:
 For the Three Months EndedFor the Nine Months Ended
(Millions of Dollars)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Eversource$52.9 $49.4 $146.0 $137.9 
CL&P49.2 46.1 126.0 120.7
Non-cash Investing Activities
Non-cash investing activities include plant additions included in Accounts Payable as follows:
(Millions of Dollars)As of September 30, 2022As of September 30, 2021
Eversource$394.1 $359.6 
CL&P96.7 75.3 
NSTAR Electric94.5 94.2 
PSNH49.7 32.8 
Reconciliation of Cash Balances to Cash and Restricted Cash The following table reconciles cash and cash equivalents as reported on the balance sheets to the cash, cash equivalents and restricted cash balance as reported on the statements of cash flows:
 As of September 30, 2022As of December 31, 2021
(Millions of Dollars)EversourceCL&PNSTAR ElectricPSNHEversourceCL&PNSTAR ElectricPSNH
Cash and Cash Equivalents as reported on the Balance Sheets$485.7 $14.3 $453.6 $2.2 $66.8 $55.8 $0.7 $— 
Restricted cash included in:
Special Deposits76.5 8.7 17.3 18.7 78.2 18.7 17.4 31.4 
Marketable Securities20.8 0.1 — 0.1 31.3 0.3 0.1 0.5 
Other Long-Term Assets19.3 — — 3.2 44.7 — — 3.2 
Cash, Cash Equivalents and Restricted Cash as reported on the Statements of Cash Flows$602.3 $23.1 $470.9 $24.2 $221.0 $74.8 $18.2 $35.1