MARKETABLE SECURITIES (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Summary of Available-for-Sale Debt Securities

The following is a summary of the available-for-sale debt securities:

	As of June 30, 2022								As of December 31, 2021
Eversource (Millions of Dollars)	Amortized Cost		Pre-Tax Unrealized Gains		Pre-Tax Unrealized Losses		Fair Value		Amortized Cost		Pre-Tax Unrealized Gains		Pre-Tax Unrealized Losses		Fair Value
Debt Securities	$	207.9	$	0.5	$	(12.3)	$	196.1	$	214.5	$	5.1	$	(0.2)	$	219.4

Contractual Maturities of Available-for-Sale Debt Securities

As of June 30, 2022, the contractual maturities of available-for-sale debt securities were as follows:

 

Eversource (Millions of Dollars)	Amortized Cost		Fair Value
Less than one year (1)	$	18.5	$	18.4
One to five years	57.6		56.7
Six to ten years	41.2		38.0
Greater than ten years	90.6		83.0
Total Debt Securities	$	207.9	$	196.1

(1)    Amounts in the Less than one year category include securities in the CYAPC and YAEC spent nuclear fuel trusts, which are restricted and are classified in long-term Marketable Securities on the balance sheets.

Marketable Securities Recorded at Fair Value on a Recurring Basis by Level

The following table presents the marketable securities recorded at fair value on a recurring basis by the level in which they are classified within the fair value hierarchy:

Eversource (Millions of Dollars)	As of June 30, 2022		As of December 31, 2021
Level 1:
Mutual Funds and Equities	$	208.8	$	254.2
Money Market Funds	17.2		31.3
Total Level 1	$	226.0	$	285.5
Level 2:
U.S. Government Issued Debt Securities (Agency and Treasury)	$	84.2	$	81.3
Corporate Debt Securities	54.9		65.3
Asset-Backed Debt Securities	9.6		12.6
Municipal Bonds	13.8		12.3
Other Fixed Income Securities	16.4		16.6
Total Level 2	$	178.9	$	188.1
Total Marketable Securities	$	404.9	$	473.6