UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
	FORM	10-Q
☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the Quarterly Period Ended	March 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 class	Trading Symbol(s)	Name of each exchange on which registered
Common Shares, $5.00 par value per share	ES	New 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.

Yes	No
☒	☐

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).

Yes	No
☒	☐

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 Energy	Large accelerated filer	☒	Accelerated filer	☐	Non-accelerated filer	☐	Smaller reporting company	☐	Emerging growth company	☐
The Connecticut Light and Power Company	Large accelerated filer	☐	Accelerated filer	☐	Non-accelerated filer	☒	Smaller reporting company	☐	Emerging growth company	☐
NSTAR Electric Company	Large accelerated filer	☐	Accelerated filer	☐	Non-accelerated filer	☒	Smaller reporting company	☐	Emerging growth company	☐
Public Service Company of New Hampshire	Large accelerated filer	☐	Accelerated filer	☐	Non-accelerated filer	☒	Smaller reporting company	☐	Emerging 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):

	Yes	No
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 Stock	Outstanding as of April 30, 2024
Eversource Energy Common Shares, $5.00 par value	352,255,238	shares
The Connecticut Light and Power Company Common Stock, $10.00 par value	6,035,205	shares
NSTAR Electric Company Common Stock, $1.00 par value	200	shares
Public Service Company of New Hampshire Common Stock, $1.00 par value	301	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 Company	Eversource Energy and subsidiaries
Eversource parent or ES parent	Eversource Energy, a public utility holding company
ES parent and other companies	ES 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&P	The Connecticut Light and Power Company
NSTAR Electric	NSTAR Electric Company
PSNH	Public Service Company of New Hampshire
PSNH Funding	PSNH Funding LLC 3, a bankruptcy remote, special purpose, wholly-owned subsidiary of PSNH
NSTAR Gas	NSTAR Gas Company
EGMA	Eversource Gas Company of Massachusetts
Yankee Gas	Yankee Gas Services Company
Aquarion	Aquarion Company and its subsidiaries
HEEC	Harbor Electric Energy Company, a wholly-owned subsidiary of NSTAR Electric
Eversource Service	Eversource Energy Service Company
North East Offshore	North East Offshore, LLC, an offshore wind business being developed jointly by Eversource and Denmark-based Ørsted
CYAPC	Connecticut Yankee Atomic Power Company
MYAPC	Maine Yankee Atomic Power Company
YAEC	Yankee Atomic Electric Company
Yankee Companies	CYAPC, YAEC and MYAPC
Regulated companies	The 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
DEEP	Connecticut Department of Energy and Environmental Protection
DOE	U.S. Department of Energy
DOER	Massachusetts Department of Energy Resources
DPU	Massachusetts Department of Public Utilities
EPA	U.S. Environmental Protection Agency
FERC	Federal Energy Regulatory Commission
ISO-NE	ISO New England, Inc., the New England Independent System Operator
MA DEP	Massachusetts Department of Environmental Protection
NHPUC	New Hampshire Public Utilities Commission
PURA	Connecticut Public Utilities Regulatory Authority
SEC	U.S. Securities and Exchange Commission
Other Terms and Abbreviations:
ADIT	Accumulated Deferred Income Taxes
AFUDC	Allowance For Funds Used During Construction
AOCI	Accumulated Other Comprehensive Income
ARO	Asset Retirement Obligation
Bcf	Billion cubic feet
CfD	Contract for Differences
CWIP	Construction Work in Progress
EDC	Electric distribution company
EDIT	Excess Deferred Income Taxes
EPS	Earnings Per Share
ERISA	Employee Retirement Income Security Act of 1974

i

ESOP	Employee Stock Ownership Plan
Eversource 2023 Form 10-K	The Eversource Energy and Subsidiaries 2023 combined Annual Report on Form 10-K as filed with the SEC
Fitch	Fitch Ratings, Inc.
FMCC	Federally Mandated Congestion Charge
GAAP	Accounting principles generally accepted in the United States of America
GWh	Gigawatt-Hours
IPP	Independent Power Producers
ISO-NE Tariff	ISO-NE FERC Transmission, Markets and Services Tariff
kV	Kilovolt
kVa	Kilovolt-ampere
kW	Kilowatt (equal to one thousand watts)
LNG	Liquefied natural gas
LPG	Liquefied petroleum gas
LRS	Supplier of last resort service
MG	Million gallons
MGP	Manufactured Gas Plant
MMBtu	Million British thermal units
MMcf	Million cubic feet
Moody's	Moody's Investors Services, Inc.
MW	Megawatt
MWh	Megawatt-Hours
NETOs	New England Transmission Owners (including Eversource, National Grid and Avangrid)
OCI	Other Comprehensive Income/(Loss)
OREC	Offshore Wind Renewable Energy Certificate
PAM	Pension and PBOP Rate Adjustment Mechanism
PBOP	Postretirement Benefits Other Than Pension
PBOP Plan	Postretirement Benefits Other Than Pension Plan
Pension Plan	Single uniform noncontributory defined benefit retirement plan
PPA	Power purchase agreement
PPAM	Pole Plant Adjustment Mechanism
RECs	Renewable Energy Certificates
Regulatory ROE	The average cost of capital method for calculating the return on equity related to the distribution business segment excluding the wholesale transmission segment
ROE	Return on Equity
RRBs	Rate Reduction Bonds or Rate Reduction Certificates
RSUs	Restricted share units
S&P	Standard & Poor's Financial Services LLC
SERP	Supplemental Executive Retirement Plans and non-qualified defined benefit retirement plans
SS	Standard service
UI	The United Illuminating Company
VIE	Variable 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 I – FINANCIAL INFORMATION
ITEM 1.	Financial Statements (Unaudited)
	Eversource Energy and Subsidiaries (Unaudited)
	Condensed Consolidated Balance Sheets	1
	Condensed Consolidated Statements of Income	2
	Condensed Consolidated Statements of Comprehensive Income	2
	Condensed Consolidated Statements of Common Shareholders' Equity	3
	Condensed Consolidated Statements of Cash Flows	4
	The Connecticut Light and Power Company (Unaudited)
	Condensed Balance Sheets	5
	Condensed Statements of Income	6
	Condensed Statements of Comprehensive Income	6
	Condensed Statements of Common Stockholder's Equity	7
	Condensed Statements of Cash Flows	8
	NSTAR Electric Company and Subsidiary (Unaudited)
	Condensed Consolidated Balance Sheets	9
	Condensed Consolidated Statements of Income	10
	Condensed Consolidated Statements of Comprehensive Income	10
	Condensed Consolidated Statements of Common Stockholder's Equity	11
	Condensed Consolidated Statements of Cash Flows	12
	Public Service Company of New Hampshire and Subsidiaries (Unaudited)
	Condensed Consolidated Balance Sheets	13
	Condensed Consolidated Statements of Income	14
	Condensed Consolidated Statements of Comprehensive Income	14
	Condensed Consolidated Statements of Common Stockholder's Equity	15
	Condensed Consolidated Statements of Cash Flows	16
	Combined Notes to Condensed Financial Statements (Unaudited)	17
ITEM 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations
	Eversource Energy and Subsidiaries	35
	The Connecticut Light and Power Company, NSTAR Electric Company and Subsidiary, and Public Service Company of New Hampshire and Subsidiaries	50
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	54
ITEM 4.	Controls and Procedures	55
PART II – OTHER INFORMATION
ITEM 1.	Legal Proceedings	55
ITEM 1A.	Risk Factors	55
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	56
ITEM 3.	Defaults Upon Senior Securities	56
ITEM 4.	Mine Safety Disclosures	56
ITEM 5.	Other Information	56
ITEM 6.	Exhibits	57
SIGNATURES		59

iii

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Thousands of Dollars)	As of March 31, 2024		As 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 Revenues	195,594		225,325
Materials, Supplies, Natural Gas and REC Inventory	555,211		507,307
Regulatory Assets	1,889,499		1,674,196
Prepayments and Other Current Assets	387,854		355,762
Total Current Assets	4,880,858		4,247,994
Property, Plant and Equipment, Net	40,289,378		39,498,607
Deferred Debits and Other Assets:
Regulatory Assets	4,839,271		4,714,970
Goodwill	4,532,135		4,532,100
Investments in Unconsolidated Affiliates	741,697		660,473
Prepaid Pension and PBOP	1,085,121		1,028,207
Marketable Securities	334,293		337,814
Other Long-Term Assets	619,472		592,080
Total Deferred Debits and Other Assets	12,151,989		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 Portion	865,374		824,847
Rate Reduction Bonds – Current Portion	43,210		43,210
Accounts Payable	1,663,661		1,869,187
Regulatory Liabilities	641,472		591,750
Other Current Liabilities	1,050,998		1,081,981
Total Current Liabilities	6,367,586		6,341,397
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes	5,314,688		5,303,730
Regulatory Liabilities	4,051,377		4,022,923
Asset Retirement Obligations	506,040		505,844
Accrued Pension, SERP and PBOP	124,035		123,754
Other Long-Term Liabilities	983,853		1,029,238
Total Deferred Credits and Other Liabilities	10,979,993		10,985,489
Long-Term Debt	24,929,813		23,588,616
Rate Reduction Bonds	345,677		367,282
Noncontrolling Interest – Preferred Stock of Subsidiaries	155,568		155,569
Common Shareholders' Equity:
Common Shares	1,806,385		1,799,920
Capital Surplus, Paid In	8,537,591		8,460,876
Retained Earnings	4,413,593		4,142,515
Accumulated Other Comprehensive Loss	(28,534)		(33,737)
Treasury Stock	(185,447)		(195,682)
Common Shareholders' Equity	14,543,588		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)	2024		2023
Operating Revenues	$	3,332,575	$	3,795,643
Operating Expenses:
Purchased Power, Purchased Natural Gas and Transmission	1,235,956		1,903,246
Operations and Maintenance	462,964		454,562
Depreciation	339,914		312,955
Amortization	(2,325)		(76,059)
Energy Efficiency Programs	213,479		222,952
Taxes Other Than Income Taxes	236,614		228,414
Total Operating Expenses	2,486,602		3,046,070
Operating Income	845,973		749,573
Interest Expense	250,749		194,543
Other Income, Net	91,030		88,981
Income Before Income Tax Expense	686,254		644,011
Income Tax Expense	162,526		150,972
Net Income	523,728		493,039
Net Income Attributable to Noncontrolling Interests	1,880		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:
Basic	350,717,114		349,217,147
Diluted	350,997,220		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)	2024		2023
Net Income	$	523,728	$	493,039
Other Comprehensive Income, Net of Tax:
Qualified Cash Flow Hedging Instruments	5		5
Changes in Unrealized Gains on Marketable Securities	—		1,254
Changes in Funded Status of Pension, SERP and PBOP Benefit Plans	5,198		1,971
Other Comprehensive Income, Net of Tax	5,203		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 Shares			Capital Surplus, Paid In		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Total Common Shareholders' Equity
(Thousands of Dollars, Except Share Information)	Shares	Amount
Balance as of January 1, 2024	349,540,266	$	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 Shares	546,256			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, 2024	351,379,414	$	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 Shares			Capital Surplus, Paid In		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Total Common Shareholders' Equity
(Thousands of Dollars, Except Share Information)	Shares	Amount
Balance as of January 1, 2023	348,443,855	$	1,799,920	$	8,401,731	$	5,527,153	$	(39,421)	$	(216,225)	$	15,473,158
Net Income						493,039						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 Shares	364,227			23,495						6,824		30,319
Other Comprehensive Income								3,230				3,230
Balance as of March 31, 2023	348,808,082	$	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)	2024		2023
Operating Activities:
Net Income	$	523,728	$	493,039
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:
Depreciation	339,914		312,955
Deferred Income Taxes	156,976		149,197
Uncollectible Expense	16,387		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, Net	65,641		284
Accounts Payable	(107,014)		(258,476)
Other Current Assets and Liabilities, Net	(123,262)		(39,368)
Net Cash Flows Provided by Operating Activities	291,312		69,157
Investing Activities:
Investments in Property, Plant and Equipment	(1,149,443)		(977,144)
Proceeds from Sales of Marketable Securities	41,729		64,307
Purchases of Marketable Securities	(37,555)		(56,508)
Investments in Unconsolidated Affiliates	(307,433)		(87,845)
Other Investing Activities	5,850		5,640
Net Cash Flows Used in Investing Activities	(1,446,852)		(1,051,550)
Financing Activities:
Issuance of Common Shares, Net of Issuance Costs	75,395		—
Cash Dividends on Common Shares	(244,786)		(229,405)
Cash Dividends on Preferred Stock	(1,880)		(1,880)
Increase/(Decrease) in Notes Payable	216,119		(246,700)
Repayment of Rate Reduction Bonds	(21,605)		(21,605)
Issuance of Long-Term Debt	1,350,000		1,550,000
Retirement of Long-Term Debt	—		(400,000)
Other Financing Activities	(23,725)		(27,002)
Net Cash Flows Provided by Financing Activities	1,349,518		623,408
Net Increase/(Decrease) in Cash and Restricted Cash	193,978		(358,985)
Cash and Restricted Cash - Beginning of Period	166,418		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, 2024		As 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 Companies	90,586		60,450
Unbilled Revenues	50,625		57,403
Materials, Supplies and REC Inventory	177,258		156,467
Regulatory Assets	717,608		480,369
Prepayments and Other Current Assets	89,317		94,789
Total Current Assets	1,741,042		1,418,684
Property, Plant and Equipment, Net	12,532,477		12,340,192
Deferred Debits and Other Assets:
Regulatory Assets	1,710,091		1,662,778
Prepaid Pension and PBOP	138,609		129,801
Other Long-Term Assets	318,942		298,169
Total Deferred Debits and Other Assets	2,167,642		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 Portion	139,845		—
Accounts Payable	579,695		622,055
Accounts Payable to Affiliated Companies	151,316		134,726
Obligations to Third Party Suppliers	70,037		75,753
Regulatory Liabilities	117,335		102,239
Derivative Liabilities	79,197		81,944
Other Current Liabilities	166,265		127,703
Total Current Liabilities	1,729,790		1,394,090
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes	1,960,837		1,860,122
Regulatory Liabilities	1,333,875		1,315,928
Other Long-Term Liabilities	241,293		258,185
Total Deferred Credits and Other Liabilities	3,536,005		3,434,235
Long-Term Debt	4,814,040		4,814,429
Preferred Stock Not Subject to Mandatory Redemption	116,200		116,200
Common Stockholder's Equity:
Common Stock	60,352		60,352
Capital Surplus, Paid In	3,484,265		3,384,265
Retained Earnings	2,700,331		2,645,868
Accumulated Other Comprehensive Income	178		185
Common Stockholder's Equity	6,245,126		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)	2024		2023
Operating Revenues	$	1,121,291	$	1,338,905
Operating Expenses:
Purchased Power and Transmission	565,996		850,564
Operations and Maintenance	186,764		160,316
Depreciation	98,445		92,237
Amortization of Regulatory Liabilities, Net	(91,713)		(122,315)
Energy Efficiency Programs	35,600		32,646
Taxes Other Than Income Taxes	103,801		101,584
Total Operating Expenses	898,893		1,115,032
Operating Income	222,398		223,873
Interest Expense	54,824		45,201
Other Income, Net	16,468		14,937
Income Before Income Tax Expense	184,042		193,609
Income Tax Expense	45,689		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)	2024		2023
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 Stock			Capital Surplus, Paid In		Retained Earnings		Accumulated Other Comprehensive Income		Total Common Stockholder's Equity
(Thousands of Dollars, Except Stock Information)	Stock	Amount
Balance as of January 1, 2024	6,035,205	$	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 Parent				100,000						100,000
Other Comprehensive Loss								(7)		(7)
Balance as of March 31, 2024	6,035,205	$	60,352	$	3,484,265	$	2,700,331	$	178	$	6,245,126

	For the Three Months Ended March 31, 2023
	Common Stock			Capital Surplus, Paid In		Retained Earnings		Accumulated Other Comprehensive Income		Total Common Stockholder's Equity
(Thousands of Dollars, Except Stock Information)	Stock	Amount
Balance as of January 1, 2023	6,035,205	$	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, 2023	6,035,205	$	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)	2024		2023
Operating Activities:
Net Income	$	138,353	$	148,416
Adjustments to Reconcile Net Income to Net Cash Flows Used In Operating Activities:
Depreciation	98,445		92,237
Deferred Income Taxes	91,630		94,267
Uncollectible Expense	3,507		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, Net	66,015		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 Parent	100,000		—
Issuance of Long-Term Debt	350,000		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 Activities	331,323		327,489
Net Increase/(Decrease) in Cash and Restricted Cash	18,812		(1,918)
Cash and Restricted Cash - Beginning of Period	12,243		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, 2024		As 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 Companies	74,263		74,634
Unbilled Revenues	47,999		49,897
Materials, Supplies and REC Inventory	210,993		173,770
Regulatory Assets	718,726		676,083
Prepayments and Other Current Assets	65,926		41,464
Total Current Assets	1,684,094		1,510,295
Property, Plant and Equipment, Net	13,040,321		12,753,787
Deferred Debits and Other Assets:
Regulatory Assets	1,322,249		1,281,836
Prepaid Pension and PBOP	629,131		608,617
Other Long-Term Assets	125,196		116,978
Total Deferred Debits and Other Assets	2,076,576		2,007,431
Total Assets	$	16,800,991	$	16,271,513
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes Payable	$	419,000	$	365,847
Accounts Payable	486,110		599,696
Accounts Payable to Affiliated Companies	215,751		144,622
Obligations to Third Party Suppliers	162,414		139,823
Renewable Portfolio Standards Compliance Obligations	142,193		116,010
Regulatory Liabilities	405,190		368,070
Other Current Liabilities	86,460		84,688
Total Current Liabilities	1,917,118		1,818,756
Deferred Credits and Other Liabilities: