MARKETABLE SECURITIES (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024								As of December 31, 2023
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	$	170.5	$	0.2	$	(8.7)	$	162.0	$	169.5	$	1.4	$	(6.6)	$	164.3

Contractual Maturities of Available-for-Sale Debt Securities

As of March 31, 2024, the contractual maturities of available-for-sale debt securities were as follows:

 

Eversource (Millions of Dollars)	Amortized Cost		Fair Value
Less than one year	$	19.4	$	19.4
One to five years	31.5		31.0
Six to ten years	37.7		36.4
Greater than ten years	81.9		75.2
Total Debt Securities	$	170.5	$	162.0

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 March 31, 2024		As of December 31, 2023
Level 1:
Mutual Funds and Equities	$	176.0	$	176.9
Money Market Funds	16.0		13.7
Total Level 1	$	192.0	$	190.6
Level 2:
U.S. Government Issued Debt Securities (Agency and Treasury)	$	89.2	$	90.1
Corporate Debt Securities	34.2		34.0
Asset-Backed Debt Securities	5.4		5.6
Municipal Bonds	7.3		9.8
Other Fixed Income Securities	9.9		11.1
Total Level 2	$	146.0	$	150.6
Total Marketable Securities	$	338.0	$	341.2