REVENUES

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUES

REVENUES

The following tables present operating revenues disaggregated by revenue source:

	For the Three Months Ended June 30, 2020
Eversource (Millions of Dollars)	Electric Distribution		Natural Gas Distribution			Electric Transmission			Water Distribution			Other		Eliminations			Total
Revenues from Contracts with Customers
Retail Tariff Sales
Residential	$	916.0	$	116.1		$	—		$	39.7		$	—	$	—		$	1,071.8
Commercial	526.0		67.8			—			15.9			—		(1.3		)	608.4
Industrial	77.7		21.1			—			1.2			—		(3.4		)	96.6
Total Retail Tariff Sales Revenues	1,519.7		205.0			—			56.8			—		(4.7		)	1,776.8
Wholesale Transmission Revenues	—		—			383.4			—			19.2		(332.2		)	70.4
Wholesale Market Sales Revenues	60.5		10.1			—			0.9			—		—			71.5
Other Revenues from Contracts with Customers	18.8		0.9			3.3			1.8			264.6		(262.8		)	26.6
Amortization/(Reserve) for Revenues Subject to Refund	2.3		0.5			—			(0.9		)	—		—			1.9
Total Revenues from Contracts with Customers	1,601.3		216.5			386.7			58.6			283.8		(599.7		)	1,947.2
Alternative Revenue Programs	14.2		(5.3		)	(10.2		)	(3.2		)	—		9.4			4.9
Other Revenues (1)	0.7		—			0.2			0.1			—		—			1.0
Total Operating Revenues	$	1,616.2	$	211.2		$	376.7		$	55.5		$	283.8	$	(590.3	)	$	1,953.1
	For the Six Months Ended June 30, 2020
Eversource (Millions of Dollars)	Electric Distribution		Natural Gas Distribution			Electric Transmission			Water Distribution			Other		Eliminations			Total
Revenues from Contracts with Customers
Retail Tariff Sales
Residential	$	1,879.7	$	354.1		$	—		$	67.5		$	—	$	—		$	2,301.3
Commercial	1,133.0		202.4			—			30.6			—		(2.3		)	1,363.7
Industrial	157.5		49.5			—			2.3			—		(6.6		)	202.7
Total Retail Tariff Sales Revenues	3,170.2		606.0			—			100.4			—		(8.9		)	3,867.7
Wholesale Transmission Revenues	—		—			719.7			—			36.6		(615.8		)	140.5
Wholesale Market Sales Revenues	151.5		23.2			—			1.8			—		—			176.5
Other Revenues from Contracts with Customers	38.0		1.7			6.6			3.7			541.9		(538.9		)	53.0
Amortization/(Reserve) for Revenues Subject to Refund	4.6		1.1			—			(1.7		)	—		—			4.0
Total Revenues from Contracts with Customers	3,364.3		632.0			726.3			104.2			578.5		(1,163.6		)	4,241.7
Alternative Revenue Programs	53.1		26.9			19.6			(2.1		)	—		(18.1		)	79.4
Other Revenues (1)	4.2		0.9			0.4			0.3			—		—			5.8
Total Operating Revenues	$	3,421.6	$	659.8		$	746.3		$	102.4		$	578.5	$	(1,181.7	)	$	4,326.9

	For the Three Months Ended June 30, 2019
Eversource (Millions of Dollars)	Electric Distribution			Natural Gas Distribution			Electric Transmission		Water Distribution			Other		Eliminations			Total
Revenues from Contracts with Customers
Retail Tariff Sales
Residential	$	805.0		$	100.2		$	—	$	33.6		$	—	$	—		$	938.8
Commercial	612.8			69.5			—		16.0			—		(0.9		)	697.4
Industrial	81.3			23.5			—		1.1			—		(2.8		)	103.1
Total Retail Tariff Sales Revenues	1,499.1			193.2			—		50.7			—		(3.7		)	1,739.3
Wholesale Transmission Revenues	—			—			281.2		—			14.7		(239.8		)	56.1
Wholesale Market Sales Revenues	39.4			14.4			—		0.9			—		—			54.7
Other Revenues from Contracts with Customers	15.1			0.4			3.7		1.8			236.1		(236.8		)	20.3
(Reserve)/Amortization for Revenues Subject to Refund	(3.1		)	1.5			—		(0.6		)	—		—			(2.2		)
Total Revenues from Contracts with Customers	1,550.5			209.5			284.9		52.8			250.8		(480.3		)	1,868.2
Alternative Revenue Programs	6.3			(2.7		)	64.6		0.7			—		(58.8		)	10.1
Other Revenues (1)	5.0			0.9			0.1		0.2			—		—			6.2
Total Operating Revenues	$	1,561.8		$	207.7		$	349.6	$	53.7		$	250.8	$	(539.1	)	$	1,884.5
	For the Six Months Ended June 30, 2019
Eversource (Millions of Dollars)	Electric Distribution			Natural Gas Distribution			Electric Transmission		Water Distribution			Other		Eliminations			Total
Revenues from Contracts with Customers
Retail Tariff Sales
Residential	$	1,838.3		$	359.1		$	—	$	60.5		$	—	$	—		$	2,257.9
Commercial	1,265.3			213.3			—		30.3			—		(2.0		)	1,506.9
Industrial	163.4			54.4			—		2.2			—		(5.5		)	214.5
Total Retail Tariff Sales Revenues	3,267.0			626.8			—		93.0			—		(7.5		)	3,979.3
Wholesale Transmission Revenues	—			—			606.1		—			28.3		(510.7		)	123.7
Wholesale Market Sales Revenues	90.8			36.1			—		1.9			—		—			128.8
Other Revenues from Contracts with Customers	27.7			1.4			6.9		3.5			480.7		(482.2		)	38.0
(Reserve)/Amortization for Revenues Subject to Refund	(6.1		)	3.1			—		(1.2		)	—		—			(4.2		)
Total Revenues from Contracts with Customers	3,379.4			667.4			613.0		97.2			509.0		(1,000.4		)	4,265.6
Alternative Revenue Programs	8.4			7.7			77.0		1.5			—		(69.8		)	24.8
Other Revenues (1)	7.8			1.5			0.1		0.5			—		—			9.9
Total Operating Revenues	$	3,395.6		$	676.6		$	690.1	$	99.2		$	509.0	$	(1,070.2	)	$	4,300.3

	For the Three Months Ended June 30, 2020									For the Three Months Ended June 30, 2019
(Millions of Dollars)	CL&P			NSTAR Electric			PSNH			CL&P			NSTAR Electric			PSNH
Revenues from Contracts with Customers
Retail Tariff Sales
Residential	$	469.3		$	311.5		$	135.2		$	402.8		$	282.3		$	119.9
Commercial	199.3			261.0			66.1			224.7			315.8			72.7
Industrial	33.3			24.8			19.6			33.8			28.9			18.6
Total Retail Tariff Sales Revenues	701.9			597.3			220.9			661.3			627.0			211.2
Wholesale Transmission Revenues	191.4			142.5			49.5			115.9			127.5			37.8
Wholesale Market Sales Revenues	39.3			13.2			8.0			12.1			17.2			10.1
Other Revenues from Contracts with Customers	8.1			11.1			3.6			9.1			6.1			4.2
Amortization/(Reserve) for Revenues Subject to Refund	—			—			2.3			—			—			(3.1		)
Total Revenues from Contracts with Customers	940.7			764.1			284.3			798.4			777.8			260.2
Alternative Revenue Programs	(7.5		)	3.6			7.9			55.1			2.1			13.7
Other Revenues (1)	0.2			0.7			—			2.7			1.9			0.5
Eliminations	(116.0		)	(107.4		)	(37.0		)	(115.4		)	(99.9		)	(33.5		)
Total Operating Revenues	$	817.4		$	661.0		$	255.2		$	740.8		$	681.9		$	240.9
	For the Six Months Ended June 30, 2020									For the Six Months Ended June 30, 2019
(Millions of Dollars)	CL&P			NSTAR Electric			PSNH			CL&P			NSTAR Electric			PSNH
Revenues from Contracts with Customers
Retail Tariff Sales
Residential	$	959.2		$	642.4		$	278.1		$	913.4		$	653.2		$	271.7
Commercial	425.6			562.9			145.3			461.3			652.3			152.6
Industrial	67.3			51.6			38.6			68.4			57.8			37.2
Total Retail Tariff Sales Revenues	1,452.1			1,256.9			462.0			1,443.1			1,363.3			461.5
Wholesale Transmission Revenues	343.2			277.3			99.2			270.7			250.1			85.3
Wholesale Market Sales Revenues	104.0			27.6			19.9			25.8			41.6			23.4
Other Revenues from Contracts with Customers	17.0			21.8			7.2			18.0			10.1			7.8
Amortization/(Reserve) for Revenues Subject to Refund	—			—			4.6			—			—			(6.1		)
Total Revenues from Contracts with Customers	1,916.3			1,583.6			592.9			1,757.6			1,665.1			571.9
Alternative Revenue Programs	37.1			23.0			12.6			60.9			9.3			15.2
Other Revenues (1)	1.9			2.1			0.6			3.7			3.4			0.8
Eliminations	(238.2		)	(213.9		)	(74.5		)	(232.1		)	(198.3		)	(70.6		)
Total Operating Revenues	$	1,717.1		$	1,394.8		$	531.6		$	1,590.1		$	1,479.5		$	517.3

⁽¹⁾  Other Revenues include certain fees charged to customers that are not considered revenue from contracts with customers. Other revenues also include lease revenues under lessor accounting guidance of $1.1 million (including $0.2 million at CL&P and $0.7 million at NSTAR Electric) and $1.1 million (including $0.3 million at CL&P and $0.7 million at NSTAR Electric) for the three months ended June 30, 2020 and 2019, respectively, and $2.2 million (including $0.4 million at CL&P and $1.4 million at NSTAR Electric) and $2.2 million (including $0.5 million at CL&P and $1.3 million at NSTAR Electric) for the six months ended June 30, 2020 and 2019, respectively.

CL&P, NSTAR Electric, Yankee Gas, NSTAR Gas and the Connecticut water distribution business each have a revenue decoupling mechanism approved by a regulatory commission. The revenue decoupling mechanisms mitigate the impact of lower demand and resulting lost sales revenues by replacing actual customer usage with a fixed annual revenue stream, which is reconciled each year as part of our annual decoupling filing in each respective jurisdiction. These revenue decoupling mechanisms qualify as alternative revenue programs in accordance with accounting guidance for rate-regulated operations. The increase in Eversource's revenues from Alternative Revenue Programs for the six months ended June 30, 2020, as compared to the six months ended June 30, 2019, was primarily the result of a higher decoupling deferral adjustment driven by lower distribution sales volumes in the first half of 2020. The decoupling deferral adjustment to revenues is recorded as a regulatory tracker mechanism within Regulatory Assets on the balance sheets.