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v3.22.1

REGULATORY ACCOUNTING (Tables) | 3 Months Ended
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Mar. 31, 2022
Regulated Operations [Abstract] |
Components of Regulatory Assets | The components of regulatory assets were as follows:
| As of March 31, 2022 |  | As of December 31, 2021
(Millions of Dollars) | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH |  | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH
Benefit Costs | $ | 1,452.5 |  |  | $ | 268.0 |  |  | $ | 386.9 |  |  | $ | 116.5 |  |  | $ | 1,481.0 |  |  | $ | 272.4 |  |  | $ | 395.5 |  |  | $ | 118.9 |
Storm Costs, Net | 1,249.3 |  |  | 735.7 |  |  | 449.4 |  |  | 64.2 |  |  | 1,102.7 |  |  | 695.6 |  |  | 341.3 |  |  | 65.8 |
Regulatory Tracking Mechanisms | 937.7 |  |  | 295.2 |  |  | 375.0 |  |  | 97.0 |  |  | 1,050.5 |  |  | 333.6 |  |  | 376.6 |  |  | 85.4 |
Income Taxes, Net | 791.2 |  |  | 471.8 |  |  | 112.8 |  |  | 14.5 |  |  | 790.7 |  |  | 470.5 |  |  | 112.6 |  |  | 17.5 |
Securitized Stranded Costs | 468.1 |  |  | — |  |  | — |  |  | 468.1 |  |  | 478.9 |  |  | — |  |  | — |  |  | 478.9 |
Goodwill-related | 293.6 |  |  | — |  |  | 252.1 |  |  | — |  |  | 297.8 |  |  | — |  |  | 255.7 |  |  | — |
Derivative Liabilities | 229.4 |  |  | 229.4 |  |  | — |  |  | — |  |  | 249.2 |  |  | 249.2 |  |  | — |  |  | — |
Asset Retirement Obligations | 117.5 |  |  | 34.2 |  |  | 61.9 |  |  | 4.2 |  |  | 115.0 |  |  | 33.6 |  |  | 59.8 |  |  | 4.1 |
Other Regulatory Assets | 162.1 |  |  | 28.9 |  |  | 35.4 |  |  | 14.7 |  |  | 150.0 |  |  | 29.9 |  |  | 37.7 |  |  | 15.8 |
Total Regulatory Assets | 5,701.4 |  |  | 2,063.2 |  |  | 1,673.5 |  |  | 779.2 |  |  | 5,715.8 |  |  | 2,084.8 |  |  | 1,579.2 |  |  | 786.4 |
Less: Current Portion | 1,128.1 |  |  | 382.1 |  |  | 433.7 |  |  | 124.7 |  |  | 1,129.1 |  |  | 371.6 |  |  | 444.0 |  |  | 107.2 |
Total Long-Term Regulatory Assets | $ | 4,573.3 |  |  | $ | 1,681.1 |  |  | $ | 1,239.8 |  |  | $ | 654.5 |  |  | $ | 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 March 31, 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 | $ | 2,665.7 |  |  | $ | 992.7 |  |  | $ | 973.3 |  |  | $ | 356.1 |  |  | $ | 2,685.2 |  |  | $ | 996.1 |  |  | $ | 984.5 |  |  | $ | 359.2 |
Cost of Removal | 667.2 |  |  | 108.6 |  |  | 388.2 |  |  | 19.1 |  |  | 649.6 |  |  | 100.1 |  |  | 381.0 |  |  | 17.2 |
Regulatory Tracking Mechanisms | 571.8 |  |  | 226.7 |  |  | 237.2 |  |  | 94.9 |  |  | 448.4 |  |  | 182.0 |  |  | 185.1 |  |  | 107.0 |
Benefit Costs | 128.3 |  |  | — |  |  | 103.1 |  |  | — |  |  | 133.5 |  |  | — |  |  | 107.4 |  |  | — |
AFUDC - Transmission | 85.1 |  |  | 44.0 |  |  | 41.1 |  |  | — |  |  | 81.0 |  |  | 43.2 |  |  | 37.8 |  |  | — |
CL&P Settlement Agreement and Storm Performance Penalty | 12.9 |  |  | 12.9 |  |  | — |  |  | — |  |  | 81.3 |  |  | 81.3 |  |  | — |  |  | — |
Other Regulatory Liabilities | 416.2 |  |  | 75.0 |  |  | 107.4 |  |  | 25.1 |  |  | 389.7 |  |  | 57.1 |  |  | 91.5 |  |  | 18.2 |
Total Regulatory Liabilities | 4,547.2 |  |  | 1,459.9 |  |  | 1,850.3 |  |  | 495.2 |  |  | 4,468.7 |  |  | 1,459.8 |  |  | 1,787.3 |  |  | 501.6 |
Less: Current Portion | 652.4 |  |  | 251.6 |  |  | 279.3 |  |  | 106.4 |  |  | 602.4 |  |  | 266.5 |  |  | 228.2 |  |  | 120.2 |
Total Long-Term Regulatory Liabilities | $ | 3,894.8 |  |  | $ | 1,208.3 |  |  | $ | 1,571.0 |  |  | $ | 388.8 |  |  | $ | 3,866.3 |  |  | $ | 1,193.3 |  |  | $ | 1,559.1 |  |  | $ | 381.4 |

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