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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period EndedMarch 31, 2024
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE     
SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Registrant; State of Incorporation; Address; Telephone Number;
Commission File Number; and I.R.S. Employer Identification No.


EVERSOURCE ENERGY
(a Massachusetts voluntary association)
300 Cadwell Drive, Springfield, Massachusetts 01104
Telephone: (800) 286-5000
Commission File Number: 001-05324
I.R.S. Employer Identification No. 04-2147929


THE CONNECTICUT LIGHT AND POWER COMPANY
(a Connecticut corporation)
107 Selden Street, Berlin, Connecticut 06037-1616
Telephone: (800) 286-5000
Commission File Number: 000-00404
I.R.S. Employer Identification No. 06-0303850


NSTAR ELECTRIC COMPANY
(a Massachusetts corporation)
800 Boylston Street, Boston, Massachusetts 02199
Telephone: (800) 286-5000
Commission File Number: 001-02301
I.R.S. Employer Identification No. 04-1278810


PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
(a New Hampshire corporation)
Energy Park
780 North Commercial Street, Manchester, New Hampshire 03101-1134
Telephone: (800) 286-5000
Commission File Number: 001-06392
I.R.S. Employer Identification No. 02-0181050

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares, $5.00 par value per shareESNew York Stock Exchange

Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days.
YesNo

Indicate by check mark whether the registrants have submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrants were required to submit such files).
YesNo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Eversource EnergyLarge accelerated filerAccelerated
filer
Non-accelerated
filer
Smaller reporting companyEmerging growth company
The Connecticut Light and Power CompanyLarge accelerated filerAccelerated
filer
Non-accelerated filerSmaller reporting companyEmerging growth company
NSTAR Electric CompanyLarge accelerated filerAccelerated
filer
Non-accelerated filerSmaller reporting companyEmerging growth company
Public Service Company of New HampshireLarge accelerated filerAccelerated
filer
Non-accelerated filerSmaller reporting companyEmerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrants are shell companies (as defined in Rule 12b-2 of the Exchange Act):
YesNo
Eversource Energy
The Connecticut Light and Power Company
NSTAR Electric Company
Public Service Company of New Hampshire

Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.
Company - Class of StockOutstanding as of April 30, 2024
Eversource Energy Common Shares, $5.00 par value352,255,238 shares
The Connecticut Light and Power Company Common Stock, $10.00 par value6,035,205 shares
NSTAR Electric Company Common Stock, $1.00 par value200 shares
Public Service Company of New Hampshire Common Stock, $1.00 par value301 shares

Eversource Energy holds all of the 6,035,205 shares, 200 shares, and 301 shares of the outstanding common stock of The Connecticut Light and Power Company, NSTAR Electric Company, and Public Service Company of New Hampshire, respectively.

The Connecticut Light and Power Company, NSTAR Electric Company and Public Service Company of New Hampshire each meet the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q, and each is therefore filing this Form 10-Q with the reduced disclosure format specified in General Instruction H(2) of Form 10‑Q.

Eversource Energy, The Connecticut Light and Power Company, NSTAR Electric Company, and Public Service Company of New Hampshire each separately file this combined Form 10-Q.  Information contained herein relating to any individual registrant is filed by such registrant on its own behalf.  Each registrant makes no representation as to information relating to the other registrants.



GLOSSARY OF TERMS

The following is a glossary of abbreviations and acronyms that are found in this report:

Current or former Eversource Energy companies, segments or investments:
Eversource, ES or the CompanyEversource Energy and subsidiaries
Eversource parent or ES parentEversource Energy, a public utility holding company
ES parent and other companiesES parent and other companies are comprised of Eversource parent, Eversource Service, and other subsidiaries, which primarily includes our unregulated businesses, HWP Company, The Rocky River Realty Company (a real estate subsidiary), the consolidated operations of CYAPC and YAEC, and Eversource parent's equity ownership interests that are not consolidated
CL&PThe Connecticut Light and Power Company
NSTAR ElectricNSTAR Electric Company
PSNHPublic Service Company of New Hampshire
PSNH FundingPSNH Funding LLC 3, a bankruptcy remote, special purpose, wholly-owned subsidiary of PSNH
NSTAR GasNSTAR Gas Company
EGMAEversource Gas Company of Massachusetts
Yankee GasYankee Gas Services Company
AquarionAquarion Company and its subsidiaries
HEECHarbor Electric Energy Company, a wholly-owned subsidiary of NSTAR Electric
Eversource ServiceEversource Energy Service Company
North East OffshoreNorth East Offshore, LLC, an offshore wind business being developed jointly by Eversource and Denmark-based Ørsted
CYAPCConnecticut Yankee Atomic Power Company
MYAPCMaine Yankee Atomic Power Company
YAECYankee Atomic Electric Company
Yankee CompaniesCYAPC, YAEC and MYAPC
Regulated companiesThe Eversource regulated companies are comprised of the electric distribution and transmission businesses of CL&P, NSTAR Electric and PSNH, the natural gas distribution businesses of Yankee Gas, NSTAR Gas and EGMA, Aquarion’s water distribution businesses, and the solar power facilities of NSTAR Electric
Regulators and Government Agencies:
BOEM
U.S. Bureau of Ocean Energy Management
DEEPConnecticut Department of Energy and Environmental Protection
DOEU.S. Department of Energy
DOERMassachusetts Department of Energy Resources
DPUMassachusetts Department of Public Utilities
EPAU.S. Environmental Protection Agency
FERCFederal Energy Regulatory Commission
ISO-NEISO New England, Inc., the New England Independent System Operator
MA DEPMassachusetts Department of Environmental Protection
NHPUCNew Hampshire Public Utilities Commission
PURAConnecticut Public Utilities Regulatory Authority
SECU.S. Securities and Exchange Commission
Other Terms and Abbreviations:
ADITAccumulated Deferred Income Taxes
AFUDCAllowance For Funds Used During Construction
AOCIAccumulated Other Comprehensive Income
AROAsset Retirement Obligation
BcfBillion cubic feet
CfDContract for Differences
CWIPConstruction Work in Progress
EDCElectric distribution company
EDITExcess Deferred Income Taxes
EPSEarnings Per Share
ERISAEmployee Retirement Income Security Act of 1974
i


ESOPEmployee Stock Ownership Plan
Eversource 2023 Form 10-KThe Eversource Energy and Subsidiaries 2023 combined Annual Report on Form 10-K as filed with the SEC
FitchFitch Ratings, Inc.
FMCCFederally Mandated Congestion Charge
GAAPAccounting principles generally accepted in the United States of America
GWhGigawatt-Hours
IPPIndependent Power Producers
ISO-NE TariffISO-NE FERC Transmission, Markets and Services Tariff
kVKilovolt
kVaKilovolt-ampere
kWKilowatt (equal to one thousand watts)
LNGLiquefied natural gas
LPGLiquefied petroleum gas
LRSSupplier of last resort service
MGMillion gallons
MGPManufactured Gas Plant
MMBtuMillion British thermal units
MMcfMillion cubic feet
Moody'sMoody's Investors Services, Inc.
MWMegawatt
MWhMegawatt-Hours
NETOsNew England Transmission Owners (including Eversource, National Grid and Avangrid)
OCIOther Comprehensive Income/(Loss)
ORECOffshore Wind Renewable Energy Certificate
PAMPension and PBOP Rate Adjustment Mechanism
PBOPPostretirement Benefits Other Than Pension
PBOP PlanPostretirement Benefits Other Than Pension Plan
Pension PlanSingle uniform noncontributory defined benefit retirement plan
PPAPower purchase agreement
PPAM
Pole Plant Adjustment Mechanism
RECsRenewable Energy Certificates
Regulatory ROEThe average cost of capital method for calculating the return on equity related to the distribution business segment excluding the wholesale transmission segment
ROEReturn on Equity
RRBsRate Reduction Bonds or Rate Reduction Certificates
RSUsRestricted share units
S&PStandard & Poor's Financial Services LLC
SERPSupplemental Executive Retirement Plans and non-qualified defined benefit retirement plans
SSStandard service
UIThe United Illuminating Company
VIEVariable Interest Entity

ii


EVERSOURCE ENERGY AND SUBSIDIARIES   
THE CONNECTICUT LIGHT AND POWER COMPANY
NSTAR ELECTRIC COMPANY AND SUBSIDIARY
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES

TABLE OF CONTENTS
 Page
PART IFINANCIAL INFORMATION
   
ITEM 1.
Financial Statements (Unaudited)
   
 
Eversource Energy and Subsidiaries (Unaudited)
 
 
 
Condensed Consolidated Statements of Comprehensive Income
Condensed Consolidated Statements of Common Shareholders' Equity
 
  
 
The Connecticut Light and Power Company (Unaudited)
 
 
 
Condensed Statements of Comprehensive Income
Condensed Statements of Common Stockholder's Equity
 
  
 
NSTAR Electric Company and Subsidiary (Unaudited)
 
 
 
Condensed Consolidated Statements of Comprehensive Income
Condensed Consolidated Statements of Common Stockholder's Equity
 
  
 Public Service Company of New Hampshire and Subsidiaries (Unaudited)
 
 
 
Condensed Consolidated Statements of Comprehensive Income
Condensed Consolidated Statements of Common Stockholder's Equity
 
  
 
   
 
Eversource Energy and Subsidiaries
 
The Connecticut Light and Power Company, NSTAR Electric Company and Subsidiary, and
Public Service Company of New Hampshire and Subsidiaries
  
   
   
PART II – OTHER INFORMATION
   
  
ITEM 1A.
Risk Factors
  
ITEM 2.
Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 3.Defaults Upon Senior Securities
  
ITEM 4.Mine Safety Disclosures
ITEM 5.Other Information
  
SIGNATURES

iii


EVERSOURCE ENERGY AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Thousands of Dollars)As of March 31, 2024As of December 31, 2023
ASSETS  
Current Assets:  
Cash $259,213 $53,873 
Receivables, Net (net of allowance for uncollectible accounts of $570,134
   and $554,455 as of March 31, 2024 and December 31, 2023, respectively)
1,593,487 1,431,531 
Unbilled Revenues195,594 225,325 
Materials, Supplies, Natural Gas and REC Inventory555,211 507,307 
Regulatory Assets1,889,499 1,674,196 
Prepayments and Other Current Assets387,854 355,762 
Total Current Assets4,880,858 4,247,994 
Property, Plant and Equipment, Net40,289,378 39,498,607 
Deferred Debits and Other Assets:  
Regulatory Assets4,839,271 4,714,970 
Goodwill4,532,135 4,532,100 
Investments in Unconsolidated Affiliates741,697 660,473 
Prepaid Pension and PBOP1,085,121 1,028,207 
Marketable Securities334,293 337,814 
Other Long-Term Assets619,472 592,080 
Total Deferred Debits and Other Assets12,151,989 11,865,644 
Total Assets$57,322,225 $55,612,245 
LIABILITIES AND CAPITALIZATION  
Current Liabilities:  
Notes Payable$2,102,871 $1,930,422 
Long-Term Debt – Current Portion865,374 824,847 
Rate Reduction Bonds – Current Portion43,210 43,210 
Accounts Payable1,663,661 1,869,187 
Regulatory Liabilities641,472 591,750 
Other Current Liabilities1,050,998 1,081,981 
Total Current Liabilities6,367,586 6,341,397 
Deferred Credits and Other Liabilities:  
Accumulated Deferred Income Taxes5,314,688 5,303,730 
Regulatory Liabilities4,051,377 4,022,923 
Asset Retirement Obligations506,040 505,844 
Accrued Pension, SERP and PBOP124,035 123,754 
Other Long-Term Liabilities983,853 1,029,238 
Total Deferred Credits and Other Liabilities10,979,993 10,985,489 
Long-Term Debt24,929,813 23,588,616 
Rate Reduction Bonds345,677 367,282 
Noncontrolling Interest – Preferred Stock of Subsidiaries155,568 155,569 
Common Shareholders' Equity: 
Common Shares1,806,385 1,799,920 
Capital Surplus, Paid In8,537,591 8,460,876 
Retained Earnings4,413,593 4,142,515 
Accumulated Other Comprehensive Loss(28,534)(33,737)
Treasury Stock(185,447)(195,682)
Common Shareholders' Equity14,543,588 14,173,892 
Commitments and Contingencies (Note 9)
Total Liabilities and Capitalization$57,322,225 $55,612,245 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
1


EVERSOURCE ENERGY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
 For the Three Months Ended March 31,
(Thousands of Dollars, Except Share Information)20242023
Operating Revenues$3,332,575 $3,795,643 
Operating Expenses:  
Purchased Power, Purchased Natural Gas and Transmission1,235,956 1,903,246 
Operations and Maintenance462,964 454,562 
Depreciation339,914 312,955 
Amortization(2,325)(76,059)
Energy Efficiency Programs213,479 222,952 
Taxes Other Than Income Taxes236,614 228,414 
Total Operating Expenses2,486,602 3,046,070 
Operating Income845,973 749,573 
Interest Expense250,749 194,543 
Other Income, Net91,030 88,981 
Income Before Income Tax Expense686,254 644,011 
Income Tax Expense162,526 150,972 
Net Income523,728 493,039 
Net Income Attributable to Noncontrolling Interests1,880 1,880 
Net Income Attributable to Common Shareholders$521,848 $491,159 
Basic and Diluted Earnings Per Common Share$1.49 $1.41 
Weighted Average Common Shares Outstanding: 
Basic350,717,114 349,217,147 
Diluted350,997,220 349,612,013 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.


CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
 For the Three Months Ended March 31,
(Thousands of Dollars)20242023
Net Income$523,728 $493,039 
Other Comprehensive Income, Net of Tax: 
Qualified Cash Flow Hedging Instruments5 5 
Changes in Unrealized Gains on Marketable Securities 1,254 
Changes in Funded Status of Pension, SERP and PBOP Benefit Plans5,198 1,971 
Other Comprehensive Income, Net of Tax5,203 3,230 
Comprehensive Income Attributable to Noncontrolling Interests(1,880)(1,880)
Comprehensive Income Attributable to Common Shareholders$527,051 $494,389 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.


2


EVERSOURCE ENERGY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMMON SHAREHOLDERS' EQUITY
(Unaudited)
For the Three Months Ended March 31, 2024
 Common SharesCapital
Surplus,
Paid In
Retained EarningsAccumulated Other Comprehensive LossTreasury StockTotal Common Shareholders' Equity
(Thousands of Dollars, Except Share Information)SharesAmount
Balance as of January 1, 2024349,540,266 $1,799,920 $8,460,876 $4,142,515 $(33,737)$(195,682)$14,173,892 
Net Income   523,728   523,728 
Dividends on Common Shares - $0.715 Per Share
   (250,770)  (250,770)
Dividends on Preferred Stock   (1,880)  (1,880)
Issuance of Common Shares - $5 par value
1,292,892 6,465 69,972 76,437 
Long-Term Incentive Plan Activity  (22,405)   (22,405)
Issuance of Treasury Shares546,256 30,190 10,235 40,425 
Capital Stock Expense(1,042)(1,042)
Other Comprehensive Income  5,203  5,203 
Balance as of March 31, 2024351,379,414 $1,806,385 $8,537,591 $4,413,593 $(28,534)$(185,447)$14,543,588 

For the Three Months Ended March 31, 2023
 Common SharesCapital
Surplus,
Paid In
Retained EarningsAccumulated Other Comprehensive LossTreasury StockTotal Common Shareholders' Equity
(Thousands of Dollars, Except Share Information)SharesAmount
Balance as of January 1, 2023348,443,855 $1,799,920 $8,401,731 $5,527,153 $(39,421)$(216,225)$15,473,158 
Net Income493,039 493,039 
Dividends on Common Shares - $0.675 Per Share
(235,354)(235,354)
Dividends on Preferred Stock(1,880)(1,880)
Long-Term Incentive Plan Activity(13,141)(13,141)
Issuance of Treasury Shares364,227 23,495 6,824 30,319 
Other Comprehensive Income3,230 3,230 
Balance as of March 31, 2023348,808,082 $1,799,920 $8,412,085 $5,782,958 $(36,191)$(209,401)$15,749,371 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
3


EVERSOURCE ENERGY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 For the Three Months Ended March 31,
(Thousands of Dollars)20242023
Operating Activities:  
Net Income$523,728 $493,039 
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:  
Depreciation339,914 312,955 
Deferred Income Taxes156,976 149,197 
Uncollectible Expense16,387 22,821 
Pension, SERP and PBOP Income, Net(16,938)(24,563)
Pension Contributions(1,250)(1,100)
Regulatory Under Recoveries, Net(232,350)(158,964)
Amortization(2,325)(76,059)
Cost of Removal Expenditures(57,337)(70,514)
Other (58,687)(54,486)
Changes in Current Assets and Liabilities:  
Receivables and Unbilled Revenues, Net(212,171)(225,609)
Taxes Receivable/Accrued, Net65,641 284 
Accounts Payable(107,014)(258,476)
Other Current Assets and Liabilities, Net(123,262)(39,368)
Net Cash Flows Provided by Operating Activities291,312 69,157 
Investing Activities:  
Investments in Property, Plant and Equipment(1,149,443)(977,144)
Proceeds from Sales of Marketable Securities41,729 64,307 
Purchases of Marketable Securities(37,555)(56,508)
Investments in Unconsolidated Affiliates(307,433)(87,845)
Other Investing Activities5,850 5,640 
Net Cash Flows Used in Investing Activities(1,446,852)(1,051,550)
Financing Activities:  
Issuance of Common Shares, Net of Issuance Costs75,395  
Cash Dividends on Common Shares(244,786)(229,405)
Cash Dividends on Preferred Stock(1,880)(1,880)
Increase/(Decrease) in Notes Payable216,119 (246,700)
Repayment of Rate Reduction Bonds(21,605)(21,605)
Issuance of Long-Term Debt1,350,000 1,550,000 
Retirement of Long-Term Debt (400,000)
Other Financing Activities(23,725)(27,002)
Net Cash Flows Provided by Financing Activities1,349,518 623,408 
Net Increase/(Decrease) in Cash and Restricted Cash193,978 (358,985)
Cash and Restricted Cash - Beginning of Period166,418 521,752 
Cash and Restricted Cash - End of Period$360,396 $162,767 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
4



THE CONNECTICUT LIGHT AND POWER COMPANY
CONDENSED BALANCE SHEETS
(Unaudited)
(Thousands of Dollars)As of March 31, 2024As of December 31, 2023
ASSETS  
Current Assets:  
Cash$29,006 $10,213 
Receivables, Net (net of allowance for uncollectible accounts of $307,834 and
   $296,030 as of March 31, 2024 and December 31, 2023, respectively)
586,642 558,993 
Accounts Receivable from Affiliated Companies90,586 60,450 
Unbilled Revenues50,625 57,403 
Materials, Supplies and REC Inventory177,258 156,467 
Regulatory Assets717,608 480,369 
Prepayments and Other Current Assets89,317 94,789 
Total Current Assets1,741,042 1,418,684 
Property, Plant and Equipment, Net12,532,477 12,340,192 
Deferred Debits and Other Assets:  
Regulatory Assets1,710,091 1,662,778 
Prepaid Pension and PBOP138,609 129,801 
Other Long-Term Assets318,942 298,169 
Total Deferred Debits and Other Assets2,167,642 2,090,748 
Total Assets$16,441,161 $15,849,624 
LIABILITIES AND CAPITALIZATION  
Current Liabilities:
Notes Payable to Eversource Parent $426,100 $249,670 
Long-Term Debt – Current Portion139,845  
Accounts Payable579,695 622,055 
Accounts Payable to Affiliated Companies151,316 134,726 
Obligations to Third Party Suppliers70,037 75,753 
Regulatory Liabilities117,335 102,239 
Derivative Liabilities79,197 81,944 
Other Current Liabilities166,265 127,703 
Total Current Liabilities1,729,790 1,394,090 
Deferred Credits and Other Liabilities: 
Accumulated Deferred Income Taxes1,960,837 1,860,122 
Regulatory Liabilities1,333,875 1,315,928 
Other Long-Term Liabilities241,293 258,185 
Total Deferred Credits and Other Liabilities3,536,005 3,434,235 
Long-Term Debt4,814,040 4,814,429 
Preferred Stock Not Subject to Mandatory Redemption116,200 116,200 
Common Stockholder's Equity:  
Common Stock60,352 60,352 
Capital Surplus, Paid In3,484,265 3,384,265 
Retained Earnings2,700,331 2,645,868 
Accumulated Other Comprehensive Income178 185 
Common Stockholder's Equity6,245,126 6,090,670 
Commitments and Contingencies (Note 9)
Total Liabilities and Capitalization$16,441,161 $15,849,624 

The accompanying notes are an integral part of these unaudited condensed financial statements.
5


THE CONNECTICUT LIGHT AND POWER COMPANY
CONDENSED STATEMENTS OF INCOME
(Unaudited)
 For the Three Months Ended March 31,
(Thousands of Dollars)20242023
Operating Revenues$1,121,291 $1,338,905 
Operating Expenses:
Purchased Power and Transmission565,996 850,564 
Operations and Maintenance186,764 160,316 
Depreciation98,445 92,237 
Amortization of Regulatory Liabilities, Net(91,713)(122,315)
Energy Efficiency Programs35,600 32,646 
Taxes Other Than Income Taxes103,801 101,584 
Total Operating Expenses898,893 1,115,032 
Operating Income222,398 223,873 
Interest Expense54,824 45,201 
Other Income, Net16,468 14,937 
Income Before Income Tax Expense184,042 193,609 
Income Tax Expense45,689 45,193 
Net Income$138,353 $148,416 
The accompanying notes are an integral part of these unaudited condensed financial statements.


CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
 For the Three Months Ended March 31,
(Thousands of Dollars)20242023
Net Income$138,353 $148,416 
Other Comprehensive (Loss)/Income, Net of Tax:  
Qualified Cash Flow Hedging Instruments(7)(7)
Changes in Unrealized Gains on Marketable Securities 43 
Other Comprehensive (Loss)/Income, Net of Tax(7)36 
Comprehensive Income$138,346 $148,452 

The accompanying notes are an integral part of these unaudited condensed financial statements.

6


THE CONNECTICUT LIGHT AND POWER COMPANY
CONDENSED STATEMENTS OF COMMON STOCKHOLDER'S EQUITY
(Unaudited)
For the Three Months Ended March 31, 2024
 Common StockCapital
Surplus,
Paid In
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Total
Common
Stockholder's
Equity
(Thousands of Dollars, Except Stock Information)StockAmount
Balance as of January 1, 20246,035,205 $60,352 $3,384,265 $2,645,868 $185 $6,090,670 
Net Income   138,353  138,353 
Dividends on Preferred Stock   (1,390) (1,390)
Dividends on Common Stock   (82,500) (82,500)
Capital Contributions from Eversource Parent100,000 100,000 
Other Comprehensive Loss    (7)(7)
Balance as of March 31, 20246,035,205 $60,352 $3,484,265 $2,700,331 $178 $6,245,126 

For the Three Months Ended March 31, 2023
 Common StockCapital
Surplus,
Paid In
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Total
Common
Stockholder's
Equity
(Thousands of Dollars, Except Stock Information)StockAmount
Balance as of January 1, 20236,035,205 $60,352 $3,260,765 $2,463,094 $169 $5,784,380 
Net Income   148,416  148,416 
Dividends on Preferred Stock   (1,390) (1,390)
Dividends on Common Stock   (82,600) (82,600)
Other Comprehensive Income    36 36 
Balance as of March 31, 20236,035,205 $60,352 $3,260,765 $2,527,520 $205 $5,848,842 

The accompanying notes are an integral part of these unaudited condensed financial statements.

7


THE CONNECTICUT LIGHT AND POWER COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)
 For the Three Months Ended March 31,
(Thousands of Dollars)20242023
Operating Activities:  
Net Income$138,353 $148,416 
Adjustments to Reconcile Net Income to Net Cash Flows Used In Operating Activities:  
Depreciation98,445 92,237 
Deferred Income Taxes91,630 94,267 
Uncollectible Expense3,507 3,876 
Pension, SERP, and PBOP Income, Net(3,557)(4,461)
Regulatory Under Recoveries, Net(139,979)(110,114)
Amortization of Regulatory Liabilities, Net(91,713)(122,315)
Cost of Removal Expenditures(17,675)(13,011)
Other(32,174)(13,964)
Changes in Current Assets and Liabilities:  
Receivables and Unbilled Revenues, Net(80,396)(76,482)
Taxes Receivable/Accrued, Net66,015 52,261 
Accounts Payable(20,613)(110,926)
Other Current Assets and Liabilities, Net(38,466)(13,412)
Net Cash Flows Used In Operating Activities(26,623)(73,628)
Investing Activities:  
Investments in Property, Plant and Equipment(285,888)(255,905)
Other Investing Activities 126 
Net Cash Flows Used in Investing Activities(285,888)(255,779)
Financing Activities:  
Cash Dividends on Common Stock(82,500)(82,600)
Cash Dividends on Preferred Stock(1,390)(1,390)
Capital Contributions from Eversource Parent100,000  
Issuance of Long-Term Debt350,000 500,000 
Retirement of Long-Term Debt (400,000)
(Decrease)/Increase in Notes Payable to Eversource Parent(30,900)318,000 
Other Financing Activities(3,887)(6,521)
Net Cash Flows Provided by Financing Activities331,323 327,489 
Net Increase/(Decrease) in Cash and Restricted Cash18,812 (1,918)
Cash and Restricted Cash - Beginning of Period12,243 20,327 
Cash and Restricted Cash - End of Period$31,055 $18,409 

The accompanying notes are an integral part of these unaudited condensed financial statements.



8



NSTAR ELECTRIC COMPANY AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Thousands of Dollars)As of March 31, 2024As of December 31, 2023
ASSETS  
Current Assets: 
Cash $20,226 $6,740 
Receivables, Net (net of allowance for uncollectible accounts of $97,653 and
   $97,026 as of March 31, 2024 and December 31, 2023, respectively)
545,961 487,707 
Accounts Receivable from Affiliated Companies74,263 74,634 
Unbilled Revenues47,999 49,897 
Materials, Supplies and REC Inventory210,993 173,770 
Regulatory Assets718,726 676,083 
Prepayments and Other Current Assets65,926