INCOME TAXES

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

Eversource maintains a valuation allowance recorded on deferred tax assets associated with the loss recorded from the offshore wind investments, which totaled $427.0 million as of December 31, 2024. In the third quarter of 2025, as part of filing its 2024 tax return to provision process, Eversource partially reversed this valuation allowance and recorded a benefit of $165 million as it reconciled the positions on the tax return to what was estimated as of December 31, 2024. The adjustment to the valuation allowance was required based on the reconciling of previously recorded tax losses to amounts included in applicable partnership income tax returns. The adjustment resulted from changes in tax estimates based on information from the partnership tax returns received in the third quarter of 2025. Eversource also recognized state tax benefits and certain tax credits of $118 million as part of the 2024 tax return to provision process. These adjustments totaling $283 million were recorded as a reduction to income tax expense on the statement of income in the third quarter of 2025.