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PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTIONThe CL&P and NSTAR Electric preferred stock is not subject to mandatory redemption and is presented as a noncontrolling interest of a subsidiary in Eversource's financial statements.

CL&P is authorized to issue up to 9,000,000 shares of preferred stock, par value $50 per share, and NSTAR Electric is authorized to issue 2,890,000 shares of preferred stock, par value $100 per share. Holders of preferred stock of CL&P and NSTAR Electric are entitled to receive cumulative dividends in preference to any payment of dividends on the common stock. Upon liquidation, holders of preferred stock of CL&P and NSTAR Electric are entitled to receive a liquidation preference before any distribution to holders of common stock in an amount equal to the par value of the preferred stock plus accrued and unpaid dividends. If the net assets were to be insufficient to pay the liquidation preference in full, then the net assets would be distributed ratably to all holders of preferred stock. The preferred stock of CL&P and NSTAR Electric is subject to optional redemption by the CL&P and NSTAR Electric Boards of Directors at any time.
Details of preferred stock not subject to mandatory redemption are as follows (in millions, except in redemption price and shares):
 Redemption Price
Per Share
Shares Outstanding as of December 31,As of December 31,
Series2022202120222021
CL&P    
$1.90Series of 1947$52.50 163,912 163,912 $8.2 $8.2 
$2.00Series of 1947$54.00 336,088 336,088 16.8 16.8 
$2.04Series of 1949$52.00 100,000 100,000 5.0 5.0 
$2.20Series of 1949$52.50 200,000 200,000 10.0 10.0 
3.90%Series of 1949$50.50 160,000 160,000 8.0 8.0 
$2.06Series E of 1954$51.00 200,000 200,000 10.0 10.0 
$2.09Series F of 1955$51.00 100,000 100,000 5.0 5.0 
4.50%Series of 1956$50.75 104,000 104,000 5.2 5.2 
4.96%Series of 1958$50.50 100,000 100,000 5.0 5.0 
4.50%Series of 1963$50.50 160,000 160,000 8.0 8.0 
5.28%Series of 1967$51.43 200,000 200,000 10.0 10.0 
$3.24Series G of 1968$51.84 300,000 300,000 15.0 15.0 
6.56%Series of 1968$51.44 200,000 200,000 10.0 10.0 
Total CL&P 2,324,000 2,324,000 $116.2 $116.2 
NSTAR Electric     
4.25%Series of 1956$103.625 180,000 180,000 $18.0 $18.0 
4.78%Series of 1958$102.80 250,000 250,000 25.0 25.0 
Total NSTAR Electric 430,000 430,000 $43.0 $43.0 
Fair Value Adjustment due to Merger with NSTAR (3.6)(3.6)
Other
6.00%Series of 1958$100.00 23 23 $— $— 
Total Eversource - Noncontrolling Interest - Preferred Stock of Subsidiaries$155.6 $155.6