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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Environmental Loss Contingencies by Site
A reconciliation of the activity in the environmental reserves is as follows:
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
Balance as of January 1, 2017
$
65.8

 
$
4.9

 
$
3.8

 
$
5.3

Additions
6.2

 
0.5

 
1.8

 
1.0

Payments/Reductions
(17.1
)
 
(0.7
)
 
(2.9
)
 
(0.6
)
Balance as of December 31, 2017
54.9

 
4.7

 
2.7

 
5.7

Additions
23.5

 
1.9

 
9.7

 

Payments/Reductions
(13.7
)
 
(1.2
)
 
(1.5
)
 
(0.3
)
Balance as of December 31, 2018
$
64.7

 
$
5.4

 
$
10.9

 
$
5.4



The number of environmental sites for which remediation or long-term monitoring, preliminary site work or site assessment is being performed are as follows:
 
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
2018
60
 
15
 
16
 
9
2017
59
 
14
 
15
 
10
Long-term Purchase Commitment
The total costs incurred under these agreements were as follows:
Eversource
For the Years Ended December 31,
(Millions of Dollars)
2018
 
2017
 
2016
Purchased Power and Capacity
$
72.0

 
$
103.9

 
$
152.5

Renewable Energy
218.5

 
235.5

 
210.9

Peaker CfDs
20.9

 
38.7

 
47.7

Natural Gas Procurement
432.4

 
377.0

 
323.9

Transmission Support Commitments
23.4

 
19.8

 
15.9

Coal, Wood and Other (1)

 
47.7

 
55.7

 
For the Years Ended December 31,
 
2018
 
2017
 
2016
(Millions of Dollars)
CL&P
 
NSTAR
Electric
 
PSNH
 
CL&P
 
NSTAR
Electric
 
PSNH
 
CL&P
 
NSTAR
Electric
 
PSNH
Purchased Power and Capacity
$
49.4

 
$
4.4

 
$
18.2

 
$
81.0

 
$
4.0

 
$
18.9

 
$
132.7

 
$
0.7

 
$
19.1

Renewable Energy
63.2

 
89.8

 
65.5

 
51.0

 
123.7

 
60.8

 
42.1

 
101.1

 
67.7

Peaker CfDs
20.9

 

 

 
38.7

 

 

 
47.7

 

 

Transmission Support
  Commitments
9.2

 
9.2

 
5.0

 
7.8

 
7.8

 
4.2

 
6.3

 
6.2

 
3.4

Coal, Wood and Other (1)

 

 

 

 

 
47.7

 

 

 
55.7


(1) PSNH previously entered into various arrangements for the purchase of coal, wood and the transportation services for fuel supply for its electric generating assets. On January 10, 2018, Eversource and PSNH completed the sale of PSNH's thermal generation assets. On August 26, 2018, Eversource and PSNH completed the sale of PSNH's hydroelectric generation assets. Upon sale, the remaining future contractual obligations were transferred to the respective buyers. See Note 13, "Generation Asset Sale," for further information.
The estimated future annual costs of significant executed, non-cancelable, long-term contractual arrangements in effect as of December 31, 2018 are as follows:
Eversource
 
 
 
 
 
 
 
 
 
 
 
 
 
(Millions of Dollars)
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Purchased Power and Capacity
$
68.3

 
$
73.5

 
$
69.1

 
$
72.9

 
$
74.1

 
$
142.9

 
$
500.8

Renewable Energy
262.4

 
261.0

 
238.9

 
240.5

 
217.2

 
1,662.0

 
2,882.0

Peaker CfDs
11.9

 
22.6

 
21.9

 
15.3

 
17.5

 
43.5

 
132.7

Natural Gas Procurement
243.8

 
227.7

 
183.6

 
149.2

 
135.1

 
1,039.7

 
1,979.1

Transmission Support Commitments
22.8

 
23.1

 
15.2

 
16.2

 
17.8

 
17.8

 
112.9

Total
$
609.2

 
$
607.9

 
$
528.7

 
$
494.1

 
$
461.7

 
$
2,905.9

 
$
5,607.5

CL&P
 
 
 
 
 
 
 
 
 
 
 
 
 
(Millions of Dollars)
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Purchased Power and Capacity
$
57.0

 
$
69.7

 
$
65.3

 
$
69.1

 
$
70.4

 
$
123.9

 
$
455.4

Renewable Energy
102.0

 
103.8

 
104.0

 
104.9

 
105.5

 
785.3

 
1,305.5

Peaker CfDs
11.9

 
22.6

 
21.9

 
15.3

 
17.5

 
43.5

 
132.7

Transmission Support Commitments
9.0

 
9.1

 
6.0

 
6.4

 
7.0

 
7.0

 
44.5

Total
$
179.9

 
$
205.2

 
$
197.2

 
$
195.7

 
$
200.4

 
$
959.7

 
$
1,938.1

NSTAR Electric
 
 
 
 
 
 
 
 
 
 
 
 
 
(Millions of Dollars)
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Purchased Power and Capacity
$
5.5

 
$
3.1

 
$
3.1

 
$
3.1

 
$
3.0

 
$
19.0

 
$
36.8

Renewable Energy
94.7

 
93.1

 
88.6

 
88.8

 
63.9

 
435.1

 
864.2

Transmission Support Commitments
9.0

 
9.1

 
6.0

 
6.3

 
7.0

 
7.0

 
44.4

Total
$
109.2

 
$
105.3

 
$
97.7

 
$
98.2

 
$
73.9

 
$
461.1

 
$
945.4

PSNH
 
 
 
 
 
 
 
 
 
 
 
 
 
(Millions of Dollars)
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Purchased Power and Capacity
$
5.8

 
$
0.7

 
$
0.7

 
$
0.7

 
$
0.7

 
$

 
$
8.6

Renewable Energy
65.7

 
64.1

 
46.3

 
46.8

 
47.8

 
441.6

 
712.3

Transmission Support Commitments
4.8

 
4.9

 
3.2

 
3.5

 
3.8

 
3.8

 
24.0

Total
$
76.3

 
$
69.7

 
$
50.2

 
$
51.0

 
$
52.3

 
$
445.4

 
$
744.9


Schedule of Guarantor Obligations
The following table summarizes Eversource parent's exposure to guarantees and indemnifications of its subsidiaries to external parties, as of December 31, 2018:
Company
 
Description
 
Maximum Exposure
(in millions)
 
Expiration Dates
On behalf of subsidiaries:
 
 
 
 
 
 
Eversource Gas Transmission LLC
 
Access Northeast Project Capital Contributions Guaranty (1)
 
$
184.9

 
2021
Various
 
Surety Bonds (2)
 
41.9

 
2019 - 2021
Rocky River Realty Company and Eversource Service
 
Lease Payments for Real Estate
 
6.3

 
2019 - 2024
Bay State Wind LLC
 
Real Estate Purchase
 
2.5

 
2019

(1) Eversource parent issued a declining balance guaranty on behalf of its subsidiary, Eversource Gas Transmission LLC, to guarantee the payment of the subsidiary's authorized capital contributions for its investment in the Access Northeast project. The guaranty decreases as authorized capital contributions are made. The guaranty will expire upon the earlier of the full performance of the guaranteed obligations or December 31, 2021.

(2) Surety bond expiration dates reflect termination dates, the majority of which will be renewed or extended.  Certain surety bonds contain credit ratings triggers that would require Eversource parent to post collateral in the event that the unsecured debt credit ratings of Eversource parent are downgraded.