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LEASES

12 Months Ended

Dec. 31, 2014

Notes To Consolidated Financial Statements [Abstract]

Leases of Lessee Disclosure [Text Block]

LEASES

NU, including CL&P, NSTAR Electric, PSNH and WMECO, has entered into lease agreements, some of which are capital leases, for the use of data processing and office equipment, vehicles, service centers, and office space. In addition, CL&P, NSTAR Electric, PSNH and WMECO incur costs associated with leases entered into by NUSCO and Rocky River Realty Company, which are included below in their respective operating lease rental expenses and future minimum rental payments. These intercompany lease amounts are eliminated on an NU consolidated basis. The provisions of the NU, CL&P, NSTAR Electric, PSNH, and WMECO lease agreements generally contain renewal options. Certain lease agreements contain payments impacted by the commercial paper rate plus a credit spread or the consumer price index.

Operating lease rental payments charged to expense are as follows:

					NSTAR
(Millions of Dollars)	NU ⁽¹⁾		CL&P		Electric		PSNH		WMECO
2014	$	14.3	$	6.0	$	7.8	$	1.5	$	1.2
2013		16.3		8.1		6.7		1.7		2.9
2012		14.8		8.2		6.2		2.5		3.0

NSTAR amounts were included in NU beginning April 10, 2012.

Future minimum rental payments, excluding executory costs, such as property taxes, state use taxes, insurance, and maintenance, under long-term noncancelable leases, as of December 31, 2014 are as follows:

Operating Leases					NSTAR
(Millions of Dollars)	NU		CL&P		Electric		PSNH		WMECO
2015	$	20.1	$	4.3	$	10.0	$	1.1	$	1.2
2016		17.6		3.8		8.8		1.0		1.0
2017		14.6		2.6		7.7		0.8		0.8
2018		10.5		1.5		5.8		0.6		0.6
2019		8.6		1.1		4.7		0.5		0.6
Thereafter		22.5		4.0		10.4		1.5		2.5
Future minimum lease payments	$	93.9	$	17.3	$	47.4	$	5.5	$	6.7

Capital Leases
(Millions of Dollars)	NU		CL&P		PSNH
2015	$	2.4	$	2.0	$	0.4
2016		2.2		1.9		0.3
2017		2.1		2.0		0.1
2018		2.1		2.0		0.1
2019		2.0		2.0		0.0
Thereafter		3.5		3.5		0.0
Future minimum lease payments		14.3		13.4		0.9
Less amount representing interest		4.9		5.0		0.0
Present value of future minimum lease payments	$	9.4	$	8.4	$	0.9

CL&P entered into certain contracts for the purchase of energy that qualify as leases. These contracts do not have minimum lease payments and therefore are not included in the tables above. However, such contracts have been included in the contractual obligations table in Note 11B, "Commitments and Contingencies - Long-Term Contractual Arrangements," to the financial statements.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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