XML 124 R89.htm IDEA: XBRL DOCUMENT v3.22.4
REGULATORY ACCOUNTING - Narrative (Details)
4 Months Ended 12 Months Ended
Jan. 01, 2023
USD ($)
Nov. 01, 2022
USD ($)
Apr. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
storm
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Mar. 31, 2022
USD ($)
Oct. 01, 2021
USD ($)
May 06, 2021
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2019
USD ($)
May 31, 2018
USD ($)
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       $ 210,800,000 $ 252,500,000              
Deferred costs related to uncollectible expense       29,800,000 33,000,000              
Regulatory Liabilities       890,786,000 602,432,000              
Gain (loss) related to litigation settlement       72,041,000 (81,274,000) $ 0            
Regulatory assets       5,578,300,000 5,715,800,000              
Increase (decrease) in regulatory assets       205,294,000 314,211,000 516,411,000            
Cash, Cash Equivalents and Restricted Cash as reported on the Statements of Cash Flows       521,752,000 221,008,000 264,950,000         $ 117,063,000  
FERC ROE Complaints                        
Regulatory Assets [Line Items]                        
Cumulative pre-tax reserves which include impact of refunds given to customers       39,100,000                
Unfavorable Regulatory Action                        
Regulatory Assets [Line Items]                        
Gain (loss) related to litigation settlement       (103,600,000)                
Unfavorable Regulatory Action | Oil and Gas, Operation and Maintenance                        
Regulatory Assets [Line Items]                        
Gain (loss) related to litigation settlement       (10,000,000)                
Deferred Pre-Staging And Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       399,000,000                
Deferred Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       $ 1,400,000,000                
Goodwill-related                        
Regulatory Assets [Line Items]                        
Recovery period (in years)       40 years                
Remaining amortization (in years)       17 years                
Regulatory assets       $ 281,000,000.0 297,800,000              
Storm Costs, Net                        
Regulatory Assets [Line Items]                        
Regulatory assets       1,379,100,000 1,102,700,000              
PSNH                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       1,000,000 3,400,000              
Equity return not recorded on the balance sheet       4,100,000 5,000,000              
Regulatory Liabilities       161,963,000 120,176,000              
Regulatory assets       696,200,000 786,400,000              
Increase (decrease) in regulatory assets       (53,181,000) (32,587,000) 45,830,000            
Cash, Cash Equivalents and Restricted Cash as reported on the Statements of Cash Flows       36,812,000 35,126,000 39,555,000         36,688,000  
PSNH | FERC ROE Complaints                        
Regulatory Assets [Line Items]                        
Cumulative pre-tax reserves which include impact of refunds given to customers       3,100,000                
PSNH | Deferred Pre-Staging And Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       55,000,000                
PSNH | Deferred Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       98,000,000                
PSNH | Goodwill-related                        
Regulatory Assets [Line Items]                        
Regulatory assets       0 0              
PSNH | Storm Costs, Net                        
Regulatory Assets [Line Items]                        
Regulatory assets       95,400,000 65,800,000              
CL&P                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       135,900,000 114,900,000              
Deferred costs related to uncollectible expense       11,800,000 18,000,000              
Regulatory Liabilities       336,048,000 266,489,000              
Gain (loss) related to litigation settlement       72,041,000 (81,274,000) 0            
Regulatory assets       1,907,800,000 2,084,800,000              
Increase (decrease) in regulatory assets       144,793,000 152,775,000 279,941,000            
Cash, Cash Equivalents and Restricted Cash as reported on the Statements of Cash Flows       20,327,000 74,788,000 99,809,000         4,971,000  
CL&P | Energy Assistance Program                        
Regulatory Assets [Line Items]                        
Restricted cash       10,000,000                
CL&P | Customer Assistance Fund                        
Regulatory Assets [Line Items]                        
Cash, Cash Equivalents and Restricted Cash as reported on the Statements of Cash Flows             $ 10,000,000          
CL&P | Forecast                        
Regulatory Assets [Line Items]                        
Average monthly bill     $ 10                  
Public utilities, approved rate increase (decrease), net revenues generated     $ 90,000,000                  
CL&P | FERC ROE Complaints                        
Regulatory Assets [Line Items]                        
Cumulative pre-tax reserves which include impact of refunds given to customers       21,400,000                
CL&P | Unfavorable Regulatory Action                        
Regulatory Assets [Line Items]                        
Loss contingency, estimate of possible earnings impact, non-compliance with performance standards                 $ 28,400,000 $ 28,400,000    
Period credits are issued to customers (in years)                 1 year      
Regulatory Liabilities       75,000,000 75,000,000              
Customer credits               $ 65,000,000        
Customer assistance initiatives               $ 10,000,000        
CL&P | Unfavorable Regulatory Action | Oil and Gas, Operation and Maintenance                        
Regulatory Assets [Line Items]                        
Gain (loss) related to litigation settlement       (10,000,000)                
CL&P | Deferred Pre-Staging And Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       163,000,000                
CL&P | Deferred Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       807,000,000                
CL&P | Deferred Storm Restoration Costs | Tropical Storm Isaias                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       235,000,000                
CL&P | Goodwill-related                        
Regulatory Assets [Line Items]                        
Regulatory assets       0 0              
CL&P | Storm Costs, Net                        
Regulatory Assets [Line Items]                        
Regulatory assets       799,300,000 695,600,000              
NSTAR Electric                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       19,800,000 85,000,000              
Deferred costs related to uncollectible expense       2,200,000 6,100,000              
Regulatory Liabilities       $ 373,221,000 228,248,000              
Renewal term of performance-based ratemaking plan (in years)       5 years                
Extension period (in years)       5 years                
Historical average term of capital additions (in years)       5 years                
Authorized regulatory ROE (in percent)       9.80%                
Authorized common equity ratio (in percent)       53.20%                
Regulatory assets       $ 1,714,400,000 1,579,200,000              
Increase (decrease) in regulatory assets       $ 88,220,000 79,075,000 186,081,000            
Storms in a calendar year | storm       8                
Storms recovered at base rate | storm       6                
Number of additional storms | storm       2                
Cash, Cash Equivalents and Restricted Cash as reported on the Statements of Cash Flows       $ 345,293,000 18,179,000 $ 17,410,000         $ 6,312,000  
NSTAR Electric | Subsequent Event                        
Regulatory Assets [Line Items]                        
Rate increase approved $ 64,000,000                      
NSTAR Electric | FERC ROE Complaints                        
Regulatory Assets [Line Items]                        
Cumulative pre-tax reserves which include impact of refunds given to customers       14,600,000                
NSTAR Electric | Deferred Pre-Staging And Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       181,000,000                
NSTAR Electric | Deferred Storm Restoration Costs                        
Regulatory Assets [Line Items]                        
Amount of regulatory costs not yet approved       492,000,000                
NSTAR Electric | Goodwill-related                        
Regulatory Assets [Line Items]                        
Regulatory assets       241,200,000 255,700,000              
NSTAR Electric | Storm Costs, Net                        
Regulatory Assets [Line Items]                        
Regulatory assets       484,400,000 $ 341,300,000              
NSTAR Electric | Storm Fund Contribution                        
Regulatory Assets [Line Items]                        
Regulatory assets       10,000,000                
Increase (decrease) in regulatory assets       31,000,000                
NSTAR Electric | Storm Threshold Costs                        
Regulatory Assets [Line Items]                        
Regulatory assets       1,300,000                
NSTAR Electric | Recovery of Storm Costs | Subsequent Event                        
Regulatory Assets [Line Items]                        
Regulatory assets $ 162,100,000                      
Recovery period of regulatory asset (in years) 5 years                      
NSTAR Electric | Recovery of exogenous storms                        
Regulatory Assets [Line Items]                        
Regulatory assets       $ 220,900,000                
Recovery period of regulatory asset (in years)       5 years                
NSTAR Electric | Recovery of historical exogenous property taxes from 2020 - 2022 | Subsequent Event                        
Regulatory Assets [Line Items]                        
Regulatory assets $ 30,800,000                      
Recovery period of regulatory asset (in years) 2 years                      
NSTAR Electric | Recovery of historical exogenous property taxes from 2012 - 2015 | Subsequent Event                        
Regulatory Assets [Line Items]                        
Regulatory assets $ 8,300,000                      
Recovery period of regulatory asset (in years) 5 years                      
NSTAR Gas                        
Regulatory Assets [Line Items]                        
Rate increase approved   $ 21,700,000                    
NSTAR Gas | Exogenous Property Taxes                        
Regulatory Assets [Line Items]                        
Rate increase approved   4,500,000                    
NSTAR Gas | Mitigation Plan                        
Regulatory Assets [Line Items]                        
Rate increase approved   5,400,000                    
NSTAR Gas | Recovery of Exogenous Property Taxes                        
Regulatory Assets [Line Items]                        
Regulatory assets   $ 8,200,000                    
Recovery period of regulatory asset (in years)   2 years                    
EGMA                        
Regulatory Assets [Line Items]                        
Rate increase approved   $ 6,700,000                    
EGMA | Tax Act Credit Factor                        
Regulatory Assets [Line Items]                        
Rate increase approved   3,300,000                    
EGMA | Recovery of Exogenous Property Taxes                        
Regulatory Assets [Line Items]                        
Regulatory assets   $ 8,600,000                    
Recovery period of regulatory asset (in years)   2 years                    
Rate Reduction Bonds | PSNH                        
Regulatory Assets [Line Items]                        
Amount of securitized rate reduction bonds issued                       $ 635,700,000