XML 33 R14.htm IDEA: XBRL DOCUMENT v3.23.1
THE CONNECTICUT LIGHT AND POWER COMPANY CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities:    
Net Income $ 493,039 $ 445,326
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 312,955 289,330
Deferred Income Taxes 149,197 67,557
Uncollectible Expense 22,821 17,135
Pension, SERP, and PBOP Income, Net (24,563) (40,642)
Regulatory Under Recoveries, Net (158,964) (107,767)
Customer Credits at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 0 (58,412)
Cost of Removal Expenditures (70,514) (61,660)
Other (54,486) (21,409)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (225,609) (291,723)
Taxes Receivable/Accrued, Net 284 56,519
Accounts Payable (258,476) (68,909)
Other Current Assets and Liabilities, Net (39,368) (64,253)
Net Cash Flows (Used In)/Provided by Operating Activities 69,157 371,940
Investing Activities:    
Investments in Property, Plant and Equipment (977,144) (764,594)
Other Investing Activities 5,640 5,976
Net Cash Flows Used in Investing Activities (1,051,550) (858,247)
Financing Activities:    
Cash Dividends on Common Shares (229,405) (213,890)
Cash Dividends on Preferred Stock (1,880) (1,880)
Issuance of Long-Term Debt 1,550,000 1,300,000
Retirement of Long-Term Debt (400,000) (770,000)
(Decrease)/Increase in Notes Payable to Eversource Parent (246,700) 163,350
Other Financing Activities (27,002) (26,087)
Net Cash Flows (Used in)/Provided by Financing Activities 623,408 429,888
Net Decrease in Cash, Cash Equivalents and Restricted Cash (358,985) (56,419)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 521,752 221,008
Cash and Restricted Cash - End of Period 162,767 164,589
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 148,416 152,977
Adjustments to Reconcile Net Income to Net Cash Flows (Used In)/Provided by Operating Activities:    
Depreciation 92,237 87,265
Deferred Income Taxes 94,267 19,627
Uncollectible Expense 3,876 3,776
Pension, SERP, and PBOP Income, Net (4,461) (7,330)
Regulatory Under Recoveries, Net (110,114) (162,474)
Customer Credits at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 0 (58,412)
Amortization of Regulatory (Liabilities)/Assets, Net (122,315) 169,749
Cost of Removal Expenditures (13,011) (16,684)
Other (13,964) (9,357)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (76,482) (125,429)
Taxes Receivable/Accrued, Net 52,261 67,708
Accounts Payable (110,926) 38,010
Other Current Assets and Liabilities, Net (13,412) (24,143)
Net Cash Flows (Used In)/Provided by Operating Activities (73,628) 135,283
Investing Activities:    
Investments in Property, Plant and Equipment (255,905) (205,343)
Other Investing Activities 126 346
Net Cash Flows Used in Investing Activities (255,779) (204,997)
Financing Activities:    
Cash Dividends on Common Shares (82,600) (73,100)
Cash Dividends on Preferred Stock (1,390) (1,390)
Capital Contributions from Eversource Parent 0 100,000
Issuance of Long-Term Debt 500,000 0
Retirement of Long-Term Debt (400,000) 0
(Decrease)/Increase in Notes Payable to Eversource Parent 318,000 0
Other Financing Activities (6,521) 0
Net Cash Flows (Used in)/Provided by Financing Activities 327,489 25,510
Net Decrease in Cash, Cash Equivalents and Restricted Cash (1,918) (44,204)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 20,327 74,788
Cash and Restricted Cash - End of Period $ 18,409 $ 30,584