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THE CONNECTICUT LIGHT AND POWER COMPANY STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net (Loss)/Income $ (434,700) $ 1,412,400 $ 1,228,000
Adjustments to Reconcile Net (Loss)/Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,305,840 1,194,246 1,103,008
Deferred Income Taxes 85,405 346,779 347,056
Uncollectible Expense 72,468 61,876 60,886
Pension, SERP and PBOP (Income)/Expense, Net (90,706) (160,857) (14,693)
Pension Contributions (6,860) (83,148) (182,344)
Regulatory Over/(Under) Recoveries, Net (151,548) (205,294) (314,211)
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 0 (72,041) 81,274
Cost of Removal Expenditures (315,699) (303,755) (242,130)
Other (53,026) (39,192) (64,640)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (124,393) (470,593) (135,505)
Taxes Receivable/Accrued, Net 36,357 18,358 (110,621)
Accounts Payable (287,637) 377,657 (29,201)
Other Current Assets and Liabilities, Net (66,202) (45,583) 3,710
Net Cash Flows Provided by Operating Activities 1,646,161 2,401,293 1,962,600
Investing Activities:      
Investments in Property, Plant and Equipment (4,336,849) (3,441,852) (3,175,080)
Other Investing Activities (2,897) 20,420 22,178
Net Cash Flows Used in Investing Activities (4,870,732) (4,130,490) (3,447,374)
Financing Activities:      
Cash Dividends on Common Shares (918,995) (860,033) (805,439)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Increase (Decrease) in Notes Payable To Eversource Parent 695,552 (78,170) 256,125
Issuance of Long-Term Debt 5,198,345 4,045,000 3,230,000
Retirement of Long-Term Debt (2,008,470) (1,175,000) (1,142,500)
Other Financing Activities (46,466) (48,185) (46,625)
Net Cash Flows Provided by/(Used In) Financing Activities 2,869,237 2,029,941 1,440,832
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (355,334) 300,744 (43,942)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 521,752 221,008 264,950
Cash, Cash Equivalents and Restricted Cash - End of Year 166,418 521,752 221,008
The Connecticut Light and Power Company      
Operating Activities:      
Net (Loss)/Income 518,733 532,920 401,725
Adjustments to Reconcile Net (Loss)/Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 376,904 355,511 338,915
Deferred Income Taxes 184,037 45,381 123,889
Uncollectible Expense 11,675 15,578 13,495
Pension, SERP and PBOP (Income)/Expense, Net (18,316) (28,971) 5,295
Pension Contributions 0 0 (98,913)
Regulatory Over/(Under) Recoveries, Net 157,200 (144,793) (152,775)
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 0 (72,041) 81,274
Amortization of Regulatory (Liabilities)/Assets, Net (500,367) 335,636 99,009
Cost of Removal Expenditures (80,479) (71,596) (95,792)
Other (16,194) (25,927) (10,194)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (100,684) (256,338) (75,881)
Taxes Receivable/Accrued, Net 25,633 897 (25,162)
Accounts Payable (88,040) 207,698 24,895
Other Current Assets and Liabilities, Net (20,535) (24,308) (16,925)
Net Cash Flows Provided by Operating Activities 449,567 869,647 612,855
Investing Activities:      
Investments in Property, Plant and Equipment (1,093,121) (876,740) (790,083)
Other Investing Activities 173 591 329
Net Cash Flows Used in Investing Activities (1,092,948) (876,149) (789,754)
Financing Activities:      
Cash Dividends on Common Shares (330,400) (292,400) (341,400)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
Increase (Decrease) in Notes Payable To Eversource Parent 457,000 0 0
Issuance of Long-Term Debt 800,000 0 425,000
Retirement of Long-Term Debt (400,000) 0 (120,500)
Capital Contributions from Eversource Parent 123,500 250,000 200,000
Other Financing Activities (9,244) 0 (5,663)
Net Cash Flows Provided by/(Used In) Financing Activities 635,297 (47,959) 151,878
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (8,084) (54,461) (25,021)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 20,327 74,788 99,809
Cash, Cash Equivalents and Restricted Cash - End of Year $ 12,243 $ 20,327 $ 74,788