XML 153 R118.htm IDEA: XBRL DOCUMENT v3.22.0.1
EMPLOYEE BENEFITS - Schedule of Pension Benefit Obligations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Pension Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year $ (7,045.3) $ (6,321.7)  
Service Cost (85.8) (76.2) $ (67.7)
Interest Cost (130.0) (177.8) (219.0)
Actuarial Gain/(Loss) 177.1 (658.2)  
Benefits Paid 309.5 279.3  
Benefits Paid - Lump Sum 34.7 23.4  
Benefits Paid - SERP 10.1 7.3  
Employee Transfers 0.0 0.0  
Increase due to acquisition of CMA 0.0 (121.4)  
Benefit Obligation as of End of Year (6,729.7) (7,045.3) (6,321.7)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 5,409.2 4,968.6  
Employer Contributions 180.0 109.6  
Actual Return on Plan Assets 1,250.5 512.3  
Benefits Paid - Pension (309.5) (279.3)  
Benefits Paid - Lump Sum (34.7) (23.4)  
Employee Transfers 0.0 0.0  
Increase due to acquisition of CMA 0.0 121.4  
Fair Value of Plan Assets as of End of Year 6,495.5 5,409.2 4,968.6
Funded Status as of December 31st (234.2) (1,636.1)  
Other Postretirement Benefits Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year (993.9) (899.0)  
Service Cost (13.5) (10.2) (7.8)
Interest Cost (17.4) (24.6) (32.7)
Actuarial Gain/(Loss) 81.4 (82.8)  
Benefits Paid 51.7 50.2  
Employee Transfers 0.0 0.0  
Increase due to acquisition of CMA 7.4 (27.5)  
Benefit Obligation as of End of Year (884.3) (993.9) (899.0)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 1,004.1 935.9  
Employer Contributions 2.3 1.9  
Actual Return on Plan Assets 183.2 116.5  
Benefits Paid - Pension (51.3) (50.2)  
Employee Transfers 0.0 0.0  
Fair Value of Plan Assets as of End of Year 1,138.3 1,004.1 935.9
Funded Status as of December 31st 254.0 10.2  
The Connecticut Light and Power Company | Pension Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year (1,477.3) (1,331.3)  
Service Cost (23.0) (21.8) (18.0)
Interest Cost (27.3) (37.3) (45.7)
Actuarial Gain/(Loss) 127.8 (152.3)  
Benefits Paid 64.6 63.6  
Benefits Paid - Lump Sum 0.0 0.0  
Benefits Paid - SERP 0.3 0.3  
Employee Transfers 4.0 1.5  
Increase due to acquisition of CMA 0.0 0.0  
Benefit Obligation as of End of Year (1,330.9) (1,477.3) (1,331.3)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 1,043.1 986.2  
Employer Contributions 98.9 23.2  
Actual Return on Plan Assets 250.4 98.8  
Benefits Paid - Pension (64.6) (63.6)  
Benefits Paid - Lump Sum 0.0 0.0  
Employee Transfers (4.0) (1.5)  
Increase due to acquisition of CMA 0.0 0.0  
Fair Value of Plan Assets as of End of Year 1,323.8 1,043.1 986.2
Funded Status as of December 31st (7.1) (434.2)  
The Connecticut Light and Power Company | Other Postretirement Benefits Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year (178.6) (172.7)  
Service Cost (2.3) (1.7) (1.4)
Interest Cost (3.2) (4.4) (6.3)
Actuarial Gain/(Loss) 5.8 (8.6)  
Benefits Paid 10.9 10.1  
Employee Transfers 1.9 (1.3)  
Increase due to acquisition of CMA 0.0 0.0  
Benefit Obligation as of End of Year (165.5) (178.6) (172.7)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 134.1 126.3  
Employer Contributions 0.0 0.0  
Actual Return on Plan Assets 24.1 15.7  
Benefits Paid - Pension (10.9) (10.1)  
Employee Transfers (1.6) 2.2  
Fair Value of Plan Assets as of End of Year 145.7 134.1 126.3
Funded Status as of December 31st (19.8) (44.5)  
NSTAR Electric Company | Pension Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year (1,517.9) (1,397.3)  
Service Cost (15.8) (15.4) (14.6)
Interest Cost (26.8) (38.6) (49.0)
Actuarial Gain/(Loss) 20.8 (139.5)  
Benefits Paid 68.7 59.4  
Benefits Paid - Lump Sum 15.6 13.1  
Benefits Paid - SERP 0.2 0.2  
Employee Transfers 6.8 0.2  
Increase due to acquisition of CMA 0.0 0.0  
Benefit Obligation as of End of Year (1,448.4) (1,517.9) (1,397.3)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 1,345.1 1,288.8  
Employer Contributions 30.0 0.7  
Actual Return on Plan Assets 312.0 128.3  
Benefits Paid - Pension (68.7) (59.4)  
Benefits Paid - Lump Sum (15.6) (13.1)  
Employee Transfers (6.8) (0.2)  
Increase due to acquisition of CMA 0.0 0.0  
Fair Value of Plan Assets as of End of Year 1,596.0 1,345.1 1,288.8
Funded Status as of December 31st 147.6 (172.8)  
NSTAR Electric Company | Other Postretirement Benefits Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year (260.5) (258.3)  
Service Cost (2.4) (2.1) (1.7)
Interest Cost (4.4) (6.6) (9.5)
Actuarial Gain/(Loss) 11.5 (7.4)  
Benefits Paid 16.3 14.9  
Employee Transfers 1.1 (1.0)  
Increase due to acquisition of CMA 0.0 0.0  
Benefit Obligation as of End of Year (238.4) (260.5) (258.3)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 464.6 424.4  
Employer Contributions 0.0 0.0  
Actual Return on Plan Assets 84.2 53.3  
Benefits Paid - Pension (16.3) (14.9)  
Employee Transfers (2.5) 1.8  
Fair Value of Plan Assets as of End of Year 530.0 464.6 424.4
Funded Status as of December 31st 291.6 204.1  
Public Service Company of New Hampshire | Pension Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year (748.7) (692.6)  
Service Cost (8.9) (8.2) (7.1)
Interest Cost (14.5) (19.4) (24.0)
Actuarial Gain/(Loss) 14.7 (62.1)  
Benefits Paid 34.7 33.5  
Benefits Paid - Lump Sum 0.0 0.0  
Benefits Paid - SERP 0.4 0.4  
Employee Transfers 1.3 (0.3)  
Increase due to acquisition of CMA 0.0 0.0  
Benefit Obligation as of End of Year (721.0) (748.7) (692.6)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 593.7 551.6  
Employer Contributions 0.0 19.5  
Actual Return on Plan Assets 136.9 55.8  
Benefits Paid - Pension (34.7) (33.5)  
Benefits Paid - Lump Sum 0.0 0.0  
Employee Transfers (1.3) 0.3  
Increase due to acquisition of CMA 0.0 0.0  
Fair Value of Plan Assets as of End of Year 694.6 593.7 551.6
Funded Status as of December 31st (26.4) (155.0)  
Public Service Company of New Hampshire | Other Postretirement Benefits Plan      
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Benefit Obligation as of Beginning of Year (109.5) (93.0)  
Service Cost (1.2) (0.9) (0.7)
Interest Cost (1.8) (2.8) (3.4)
Actuarial Gain/(Loss) 14.6 (19.0)  
Benefits Paid 5.6 6.1  
Employee Transfers 0.0 0.1  
Increase due to acquisition of CMA 0.0 0.0  
Benefit Obligation as of End of Year (92.3) (109.5) (93.0)
Change in Pension Plan Assets:      
Fair Value of Plan Assets as of Beginning of Year 79.4 76.0  
Employer Contributions 0.0 0.0  
Actual Return on Plan Assets 14.2 9.3  
Benefits Paid - Pension (5.6) (6.1)  
Employee Transfers 0.0 0.2  
Fair Value of Plan Assets as of End of Year 88.0 79.4 $ 76.0
Funded Status as of December 31st $ (4.3) $ (30.1)