SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2020

The activity in the allowance for uncollectible accounts by portfolio segment is as follows:



	For the Three Months Ended March 31, 2020
	Eversource									CL&P									NSTAR Electric									PSNH
(Millions of Dollars)	Hardship Accounts			Retail (Non-Hardship), Wholesale, and Other Receivables			Total Allowance			Hardship Accounts			Retail (Non-Hardship), Wholesale and Other Receivables			Total Allowance			Hardship Accounts			Retail (Non-Hardship), Wholesale, and Other Receivables			Total Allowance			Total Allowance
Beginning Balance	$	143.3		$	81.5		$	224.8		$	80.1		$	17.2		$	97.3		$	43.9		$	31.5		$	75.4		$	10.5
ASU 2016-13 Implementation Impact on January 1, 2020	21.6			2.2			23.8			21.3			0.9			22.2			(1.6		)	0.3			(1.3		)	0.3
Uncollectible Expense ⁽¹⁾	—			11.4			11.4			—			3.2			3.2			—			3.7			3.7			0.7
Uncollectible Costs Deferred ⁽²⁾	11.8			8.5			20.3			12.9			1.8			14.7			(3.4		)	3.4			—			1.3
Write-Offs	(4.7		)	(16.8		)	(21.5		)	(3.8		)	(3.5		)	(7.3		)	(0.4		)	(8.0		)	(8.4		)	(1.7		)
Recoveries Collected	0.2			3.1			3.3			0.2			0.6			0.8			—			1.7			1.7			0.1
Ending Balance	$	172.2		$	89.9		$	262.1		$	110.7		$	20.2		$	130.9		$	38.5		$	32.6		$	71.1		$	11.2

⁽¹⁾Uncollectible expense associated with customer and other accounts receivable is included in Operations and Maintenance expense on the statements of income. For the three months ended March 31, 2019, uncollectible expense included in Operations and Maintenance Expense was $18.6 million, $4.1 million, $6.0 million and $1.7 million for Eversource, CL&P, NSTAR Electric and PSNH, respectively.

⁽²⁾The current period provision for expected credit losses for hardship accounts and other customer receivables that are ultimately recovered in rates is deferred as a regulatory cost on the balance sheets.

Components 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, 2020												March 31, 2019
(Millions of Dollars)	Eversource			CL&P			NSTAR Electric			PSNH			Eversource		CL&P			NSTAR Electric			PSNH
Pension, SERP and PBOP Non-Service Income/(Expense) Components	$	12.7		$	1.1		$	7.9		$	1.9		$	7.4	$	(0.6	)	$	7.0		$	0.5
AFUDC Equity	10.6			3.9			5.0			1.5			10.9		2.6			4.0			0.2
Equity in Earnings of Unconsolidated Affiliates	4.0			—			0.1			—			5.0		—			0.2			—
Investment Income/(Loss)	(4.3		)	(3.4		)	(1.3		)	(0.5		)	1.2		1.7			(0.3		)	0.4
Interest Income	0.7			0.3			0.1			0.3			6.5		0.4			0.2			5.9
Other	0.4			—			0.4			—			—		(0.2		)	—			—
Total Other Income, Net	$	24.1		$	1.9		$	12.2		$	3.2		$	31.0	$	3.9		$	11.1		$	7.0

Other Taxes

These gross receipts taxes are recorded 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, 2020		March 31, 2019
Eversource	$	43.1	$	45.0
CL&P	35.5		36.2

Non-cash Investing Activities

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



(Millions of Dollars)	As of March 31, 2020		As of March 31, 2019
Eversource	$	273.7	$	336.3
CL&P	85.0		121.9
NSTAR Electric	70.2		83.2
PSNH	37.9		30.4

Reconciliation of Cash Balances to Cash and Restricted Cash

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



	As of March 31, 2020								As of December 31, 2019
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Cash as reported on the Balance Sheets	$	47.4	$	3.8	$	2.8	$	—	$	15.4	$	—	$	0.1	$	0.4
Restricted cash included in:
Special Deposits	39.0		4.7		6.2		16.6		52.5		4.6		6.2		32.5
Marketable Securities	44.1		0.3		0.1		0.6		46.0		0.4		—		0.6
Other Long-Term Assets	3.2		—		—		3.2		3.2		—		—		3.2
Cash and Restricted Cash reported on the Statements of Cash Flows	$	133.7	$	8.8	$	9.1	$	20.4	$	117.1	$	5.0	$	6.3	$	36.7