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PENSION BENEFITS AND POSTRETIREMENT BENEFITS OTHER THAN PENSION
 9 Months Ended
Sep. 30, 2019
Postemployment Benefits [Abstract]  
PENSION BENEFITS AND POSTRETIREMENT BENEFITS OTHER THAN PENSION PENSION BENEFITS AND POSTRETIREMENT BENEFITS OTHER THAN PENSION

Eversource provides defined benefit retirement plans ("Pension Plans") that cover eligible employees.  In addition to the Pension Plans, Eversource maintains non-qualified defined benefit retirement plans ("SERP Plans"), which provide benefits in excess of Internal Revenue Code limitations to eligible participants consisting of current and retired employees. Eversource also provides defined benefit postretirement plans ("PBOP Plans") that provide life insurance and a health reimbursement arrangement created for the purpose of reimbursing retirees and dependents for health insurance premiums and certain medical expenses to eligible employees that meet certain age and service eligibility requirements. We contributed $112.5 million and $183.2 million to the Pension Plans for the nine months ended September 30, 2019 and 2018, respectively, and $7.9 million and $5.7 million to the PBOP Plans for the nine months ended September 30, 2019 and 2018, respectively.

The components of net periodic benefit expense/(income) for the Pension, SERP and PBOP Plans, prior to amounts capitalized as Property, Plant and Equipment or deferred as regulatory assets for future recovery, are shown below.  The service cost component of net periodic benefit expense, less the capitalized portion, is included in Operations and Maintenance expense on the statements of income. The remaining components of net periodic benefit expense/(income), less the deferred portion, are included in Other Income, Net on the statements of income. Pension, SERP and PBOP expense reflected in the statements of cash flows for CL&P, NSTAR Electric and PSNH does not include the intercompany allocations or the corresponding capitalized and deferred portion, as these amounts are cash settled on a short-term basis.
 
Pension and SERP
 
For the Three Months Ended September 30, 2019
 
For the Three Months Ended September 30, 2018
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
 
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
Service Cost
$
16.2

 
$
4.4

 
$
3.6

 
$
1.5

 
$
20.9

 
$
5.2

 
$
4.3

 
$
2.7

Interest Cost
54.8

 
11.4

 
12.3

 
6.0

 
49.2

 
10.5

 
10.9

 
5.5

Expected Return on Pension Plan Assets
(91.6
)
 
(18.1
)
 
(24.2
)
 
(10.1
)
 
(97.8
)
 
(19.4
)
 
(26.6
)
 
(10.8
)
Actuarial Loss
35.6

 
6.3

 
11.8

 
2.3

 
35.7

 
7.1

 
10.1

 
3.3

Prior Service Cost
0.3

 
—

 
—

 
—

 
2.0

 
0.2

 
0.1

 
0.1

Total Net Periodic Benefit Expense/(Income)
$
15.3

 
$
4.0

 
$
3.5

 
$
(0.3
)
 
$
10.0

 
$
3.6

 
$
(1.2
)
 
$
0.8

Intercompany Allocations
N/A

 
$
2.0

 
$
1.9

 
$
0.5

 
N/A

 
$
1.5

 
$
1.6

 
$
0.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension and SERP
 
For the Nine Months Ended September 30, 2019
 
For the Nine Months Ended September 30, 2018
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
 
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
Service Cost
$
51.6

 
$
13.6

 
$
11.0

 
$
5.6

 
$
64.2

 
$
16.2

 
$
13.1

 
$
8.4

Interest Cost
163.8

 
34.4

 
36.6

 
18.2

 
147.1

 
31.4

 
32.6

 
16.4

Expected Return on Pension Plan Assets
(275.4
)
 
(55.1
)
 
(72.9
)
 
(30.6
)
 
(293.8
)
 
(59.7
)
 
(78.3
)
 
(32.6
)
Actuarial Loss
107.9

 
20.6

 
33.1

 
8.2

 
107.6

 
21.9

 
31.0

 
9.8

Prior Service Cost
0.9

 
—

 
0.2

 
—

 
6.0

 
0.8

 
0.2

 
0.2

Total Net Periodic Benefit Expense/(Income)
$
48.8

 
$
13.5

 
$
8.0

 
$
1.4

 
$
31.1

 
$
10.6

 
$
(1.4
)
 
$
2.2

Intercompany Allocations
N/A

 
$
6.5

 
$
6.1

 
$
1.8

 
N/A

 
$
4.5

 
$
4.8

 
$
1.4

 
PBOP
 
For the Three Months Ended September 30, 2019
 
For the Three Months Ended September 30, 2018
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR
Electric
 
PSNH
 
Eversource
 
CL&P
 
NSTAR
Electric
 
PSNH
Service Cost
$
2.0

 
$
0.3

 
$
0.4

 
$
0.2

 
$
2.5

 
$
0.4

 
$
0.5

 
$
0.3

Interest Cost
8.1

 
1.6

 
2.4

 
0.8

 
7.7

 
1.5

 
2.2

 
0.9

Expected Return on Plan Assets
(16.7
)
 
(2.2
)
 
(7.5
)
 
(1.3
)
 
(18.2
)
 
(2.6
)
 
(8.1
)
 
(1.5
)
Actuarial Loss
2.1

 
0.3

 
0.8

 
0.1

 
2.6

 
0.4

 
0.5

 
0.2

Prior Service Cost/(Credit)
(5.8
)
 
0.2

 
(4.2
)
 
0.1

 
(6.0
)
 
0.3

 
(4.3
)
 
0.1

Total Net Periodic Benefit Expense/(Income)
$
(10.3
)
 
$
0.2

 
$
(8.1
)
 
$
(0.1
)
 
$
(11.4
)
 
$
—

 
$
(9.2
)
 
$
—

Intercompany Allocations
N/A

 
$
(0.2
)
 
$
(0.3
)
 
$
(0.1
)
 
N/A

 
$
(0.3
)
 
$
(0.3
)
 
$
(0.1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PBOP
 
For the Nine Months Ended September 30, 2019
 
For the Nine Months Ended September 30, 2018
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR
Electric
 
PSNH
 
Eversource
 
CL&P
 
NSTAR
Electric
 
PSNH
Service Cost
$
5.9

 
$
1.1

 
$
1.3

 
$
0.5

 
$
7.5

 
$
1.4

 
$
1.6

 
$
0.9

Interest Cost
24.5

 
4.7

 
7.1

 
2.5

 
23.0

 
4.4

 
6.5

 
2.5

Expected Return on Plan Assets
(50.1
)
 
(6.9
)
 
(22.6
)
 
(4.0
)
 
(54.2
)
 
(7.8
)
 
(24.4
)
 
(4.5
)
Actuarial Loss
6.2

 
1.0

 
2.5

 
0.3

 
7.7

 
1.2

 
1.7

 
0.6

Prior Service Cost/(Credit)
(17.6
)
 
0.8

 
(12.7
)
 
0.3

 
(17.6
)
 
0.8

 
(12.7
)
 
0.4

Total Net Periodic Benefit Expense/(Income)
$
(31.1
)
 
$
0.7

 
$
(24.4
)
 
$
(0.4
)
 
$
(33.6
)
 
$
—

 
$
(27.3
)
 
$
(0.1
)
Intercompany Allocations
N/A

 
$
(0.6
)
 
$
(0.9
)
 
$
(0.3
)
 
N/A

 
$
(0.8
)
 
$
(1.0
)
 
$
(0.3
)