SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Accounts, Notes, Loans and Financing Receivable

The total provision for both uncollectible accounts and for uncollectible hardship accounts (the uncollectible hardship balance is included in the total provision) is included in Receivables, Net on the balance sheets, and is as follows:



	Total Provision for Uncollectible Accounts				Uncollectible Hardship
(Millions of Dollars)	As of March 31, 2018		As of December 31, 2017		As of March 31, 2018		As of December 31, 2017
Eversource	$	207.7	$	195.7	$	123.7	$	122.5
CL&P	82.8		78.9		67.7		65.5
NSTAR Electric	72.6		69.7		38.5		40.3
PSNH	10.9		10.5		—		—

In accordance with new revenue accounting guidance, bad debt expense associated with customers' accounts receivable included in Operations and Maintenance expense on the statements of income is presented as follows:



	For the Three Months Ended
(Millions of Dollars)	March 31, 2018		March 31, 2017
Eversource	$	19.6	$	15.9
CL&P	3.9		2.8
NSTAR Electric	7.5		6.5
PSNH	1.7		1.7

Schedule of Other Income, Net

The components of Other Income, Net on the statements of income were as follows:



	For the Three Months Ended
	March 31, 2018									March 31, 2017
(Millions of Dollars)	Eversource		CL&P			NSTAR Electric		PSNH		Eversource		CL&P			NSTAR Electric		PSNH
Pension, SERP and PBOP Non-Service Income Components ⁽¹⁾	$	15.2	$	3.0		$	8.4	$	2.3	$	8.0	$	0.5		$	5.0	$	1.6
AFUDC Equity	9.7		2.8			3.4		—		6.7		2.0			1.9		—
Equity in Earnings	4.6		—			—		—		4.6		—			0.1		—
Investment Income/(Loss)	0.7		(0.1		)	0.6		—		0.7		(0.3		)	1.2		0.7
Interest Income	3.5		0.9			0.2		2.4		1.6		1.1			0.1		0.5
Other	0.1		—			—		—		—		—			—		—
Total Other Income, Net ⁽¹⁾	$	33.8	$	6.6		$	12.6	$	4.7	$	21.6	$	3.3		$	8.3	$	2.8

⁽¹⁾

As a result of the adoption of new accounting guidance, the non-service related components of pension, SERP and PBOP benefit costs are presented as non-operating income and recorded in Other Income, Net on the statements of income. The 2017 amounts, which were previously presented within Operations and Maintenance expense on the statements of income, have been retrospectively presented to Other Income, Net for the three months ended March 31, 2017. Eversource elected the practical expedient in the accounting guidance that allows the Company to use the amounts disclosed in its Pension Benefits and Postretirement Benefits Other Than Pension footnote for the prior period presentations as the estimation basis for applying the retrospective presentation requirements.

State Of Connecticut Gross Earnings Taxes

These gross receipts taxes are shown separately with collections in Operating Revenues and with payments in Taxes Other Than Income Taxes on the statements of income as follows:



	For the Three Months Ended
(Millions of Dollars)	March 31, 2018		March 31, 2017
Eversource	$	43.4	$	42.2
CL&P	35.6		33.9

Schedule of Supplemental Cash Flow Information

Non-cash investing activities include plant additions included in Accounts Payable as follows:



(Millions of Dollars)	As of March 31, 2018		As of March 31, 2017
Eversource	$	274.4	$	220.5
CL&P	117.7		104.2
NSTAR Electric	59.5		49.4
PSNH	36.0		28.7

Schedule of Cash and Cash Equivalents

The following table reconciles cash and cash equivalents as reported on the balance sheets to the cash, cash equivalents, and restricted cash as reported on the statements of cash flows:



	As of March 31, 2018								As of December 31, 2017
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Cash and Cash Equivalents as reported on the Balance Sheets	$	303.8	$	240.2	$	9.5	$	2.9	$	38.2	$	6.0	$	1.8	$	0.9
Restricted cash included in:
Prepayments and Other Current Assets	35.5		3.1		12.9		11.6		24.4		3.1		12.8		0.5
Marketable Securities	23.3		0.5		0.1		0.8		23.3		0.5		0.1		0.8
Cash, Cash Equivalents, and Restricted Cash reported on the Statements of Cash Flows	$	362.6	$	243.8	$	22.5	$	15.3	$	85.9	$	9.6	$	14.7	$	2.2