REGULATORY ACCOUNTING (Tables)

6 Months Ended

Jun. 30, 2022

Regulated Operations [Abstract]

Components of Regulatory Assets

The components of regulatory assets were as follows:

	As of June 30, 2022								As of December 31, 2021
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
Benefit Costs	$	1,435.0	$	267.6	$	397.2	$	116.7	$	1,481.0	$	272.4	$	395.5	$	118.9
Storm Costs, Net	1,250.1		733.8		455.0		61.3		1,102.7		695.6		341.3		65.8
Regulatory Tracking Mechanisms	979.0		306.1		368.7		68.3		1,050.5		333.6		376.6		85.4
Income Taxes, Net	798.0		476.6		113.6		13.9		790.7		470.5		112.6		17.5
Securitized Stranded Costs	457.3		—		—		457.3		478.9		—		—		478.9
Goodwill-related	289.4		—		248.4		—		297.8		—		255.7		—
Derivative Liabilities	213.3		213.3		—		—		249.2		249.2		—		—
Asset Retirement Obligations	121.0		34.7		64.1		4.2		115.0		33.6		59.8		4.1
Other Regulatory Assets	189.5		28.1		33.5		15.2		150.0		29.9		37.7		15.8
Total Regulatory Assets	5,732.6		2,060.2		1,680.5		736.9		5,715.8		2,084.8		1,579.2		786.4
Less:  Current Portion	1,163.4		396.4		419.7		93.2		1,129.1		371.6		444.0		107.2
Total Long-Term Regulatory Assets	$	4,569.2	$	1,663.8	$	1,260.8	$	643.7	$	4,586.7	$	1,713.2	$	1,135.2	$	679.2

Components of Regulatory Liabilities

The components of regulatory liabilities were as follows:

	As of June 30, 2022								As of December 31, 2021
(Millions of Dollars)	Eversource		CL&P		NSTAR Electric		PSNH		Eversource		CL&P		NSTAR Electric		PSNH
EDIT due to Tax Cuts and Jobs Act of 2017	$	2,646.1	$	989.4	$	962.1	$	353.0	$	2,685.2	$	996.1	$	984.5	$	359.2
Cost of Removal	653.9		113.6		395.0		19.0		649.6		100.1		381.0		17.2
Regulatory Tracking Mechanisms	701.9		319.4		232.7		99.8		448.4		182.0		185.1		107.0
Deferred Portion of Non-Service Income    Components of Pension, SERP and PBOP	209.7		23.3		115.2		21.8		148.3		12.0		90.7		14.9
Benefit Costs	116.0		—		92.4		—		133.5		—		107.4		—
AFUDC - Transmission	88.9		44.9		44.0		—		81.0		43.2		37.8		—
CL&P Settlement Agreement and Storm   Performance Penalty	6.4		6.4		—		—		81.3		81.3		—		—
Other Regulatory Liabilities	223.7		57.9		4.4		6.7		241.4		45.1		0.8		3.3
Total Regulatory Liabilities	4,646.6		1,554.9		1,845.8		500.3		4,468.7		1,459.8		1,787.3		501.6
Less:  Current Portion	759.7		337.2		274.1		106.6		602.4		266.5		228.2		120.2
Total Long-Term Regulatory Liabilities	$	3,886.9	$	1,217.7	$	1,571.7	$	393.7	$	3,866.3	$	1,193.3	$	1,559.1	$	381.4