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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Allowance for Uncollectible Accounts The activity in the allowance for uncollectible accounts by portfolio segment is as follows:
 
For the Six Months Ended June 30, 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)
—

 
20.6

 
20.6

 
—

 
6.2

 
6.2

 
—

 
6.8

 
6.8

 
1.3

Uncollectible Costs Deferred (2)
18.9

 
17.0

 
35.9

 
21.5

 
3.4

 
24.9

 
(7.1
)
 
6.9

 
(0.2
)
 
2.4

Write-Offs
(9.1
)
 
(33.4
)
 
(42.5
)
 
(7.4
)
 
(9.5
)
 
(16.9
)
 
(0.6
)
 
(14.2
)
 
(14.8
)
 
(3.0
)
Recoveries Collected
0.8

 
6.6

 
7.4

 
0.8

 
2.2

 
3.0

 
—

 
2.8

 
2.8

 
0.3

Ending Balance
$
175.5

 
$
94.5

 
$
270.0

 
$
116.3

 
$
20.4

 
$
136.7

 
$
34.6

 
$
34.1

 
$
68.7

 
$
11.8


(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 and six months ended June 30, 2019, uncollectible expense included in Operations and Maintenance Expense was $13.0 million and $31.5 million for Eversource, $3.5 million and $7.6 million for CL&P, $5.7 million and $11.6 million for NSTAR Electric and $1.4 million and $3.1 million for PSNH, respectively.

(2) The current period provision for expected credit losses for hardship accounts and other customer receivables, including uncollectible amounts related to COVID-19, 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
 
June 30, 2020
 
June 30, 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
$
10.7

 
$
0.9

 
$
7.1

 
$
1.6

 
$
5.8

 
$
(0.9
)
 
$
5.4

 
$
1.5

AFUDC Equity
10.8

 
3.9

 
5.3

 
1.2

 
13.1

 
3.2

 
5.1

 
0.9

Equity in Earnings of Unconsolidated Affiliates (1)
5.9

 
—

 
0.1

 
—

 
25.9

 
0.1

 
0.2

 
—

Investment Income/(Loss)
1.8

 
2.2

 
—

 
0.3

 
(0.6
)
 
(0.1
)
 
(0.3
)
 
(0.1
)
Interest Income
1.0

 
1.4

 
0.5

 
0.5

 
1.3

 
0.5

 
0.2

 
0.7

Other
—

 
0.1

 
0.1

 
—

 
0.4

 
0.1

 
0.1

 
—

Total Other Income, Net
$
30.2

 
$
8.5

 
$
13.1

 
$
3.6

 
$
45.9

 
$
2.9

 
$
10.7

 
$
3.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended
 
June 30, 2020
 
June 30, 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
$
23.4

 
$
2.1

 
$
15.0

 
$
3.5

 
$
13.1

 
$
(1.6
)
 
$
12.4

 
$
2.0

AFUDC Equity
21.4

 
7.9

 
10.3

 
2.6

 
24.1

 
5.8

 
9.1

 
1.1

Equity in Earnings of Unconsolidated Affiliates (1)
9.8

 
—

 
0.2

 
—

 
30.9

 
0.1

 
0.4

 
—

Investment Income/(Loss)
(2.5
)
 
(1.3
)
 
(1.3
)
 
(0.2
)
 
0.6

 
1.7

 
(0.6
)
 
0.2

Interest Income
1.8

 
1.6

 
0.7

 
0.8

 
7.8

 
0.8

 
0.4

 
6.6

Other
0.4

 
0.1

 
0.5

 
0.1

 
0.4

 
(0.1
)
 
—

 
0.1

Total Other Income, Net
$
54.3

 
$
10.4

 
$
25.4

 
$
6.8

 
$
76.9

 
$
6.7

 
$
21.7

 
$
10.0



(1) 
Equity in Earnings of Unconsolidated Affiliates includes $2.4 million of primarily realized gains associated with an investment in renewable energy fund for the three and six months ended June 30, 2020, respectively. For both the three and six months ended June 30, 2019, unrealized gains on this investment totaled $20.4 million.
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
 
For the Six Months Ended
(Millions of Dollars)
June 30, 2020
 
June 30, 2019
 
June 30, 2020
 
June 30, 2019
Eversource
$
37.6

 
$
36.4

 
$
80.7

 
$
81.4

CL&P
33.1

 
31.8

 
68.6

 
68.0
Non-cash Investing Activities
Non-cash investing activities include plant additions included in Accounts Payable as follows:
(Millions of Dollars)
As of June 30, 2020
 
As of June 30, 2019
Eversource
$
336.1

 
$
323.7

CL&P
95.0

 
114.0

NSTAR Electric
75.5

 
85.2

PSNH
48.3

 
29.9
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 June 30, 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
$
64.9

 
$
6.9

 
$
1.2

 
$
0.1

 
$
15.4

 
$
—

 
$
0.1

 
$
0.4

Restricted cash included in:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Special Deposits
63.4

 
8.7

 
12.2

 
30.9

 
52.5

 
4.6

 
6.2

 
32.5

Marketable Securities
45.4

 
0.4

 
0.1

 
0.7

 
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
$
176.9

 
$
16.0

 
$
13.5

 
$
34.9

 
$
117.1

 
$
5.0

 
$
6.3

 
$
36.7