DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gross Fair Values and Net Amounts of Contracts

The following table presents the gross fair values of contracts, categorized by risk type, and the net amounts recorded as current or long-term derivative assets or liabilities:

		As of March 31, 2024						As of December 31, 2023
CL&P (Millions of Dollars)	Fair Value Hierarchy	Commodity Supply and Price Risk Management		Netting (1)		Net Amount Recorded as a Derivative		Commodity Supply and Price Risk Management		Netting (1)		Net Amount Recorded as a Derivative
Current Derivative Assets	Level 2	$	15.8	$	(0.4)	$	15.4	$	16.4	$	(0.5)	$	15.9
Long-Term Derivative Assets	Level 2	9.9		(0.4)		9.5		13.6		(0.5)		13.1
Current Derivative Liabilities	Level 2	(79.2)		—		(79.2)		(81.9)		—		(81.9)
Long-Term Derivative Liabilities	Level 2	(49.4)		—		(49.4)		(68.0)		—		(68.0)

    

(1)    Amounts represent derivative assets and liabilities that Eversource elected to record net on the balance sheets.  These amounts are subject to master netting agreements or similar agreements for which the right of offset exists.

Changes in the Level 3 Category of Derivative Assets Measured at Fair Value on a Recurring Basis

The following table presents changes in the Level 3 category of derivative assets and derivative liabilities measured at fair value on a recurring basis.  The derivative assets and liabilities are presented on a net basis.

CL&P	For the Three Months Ended March 31, 2023
(Millions of Dollars)
Derivatives, Net:
Fair Value as of Beginning of Period	$	(181.8)
Net Realized/Unrealized Losses Included in Regulatory Assets	(1.9)
Settlements	14.9
Fair Value as of End of Period	$	(168.8)