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PENSION BENEFITS AND POSTRETIREMENT BENEFITS OTHER THAN PENSION (Tables) | 6 Months Ended
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Jun. 30, 2022
Postemployment Benefits [Abstract] |
Components of Net Periodic Benefit Expense/(Income) | The components of net periodic benefit plan expense/(income) for the Pension, SERP and PBOP Plans, prior to amounts capitalized as Property, Plant and Equipment or deferred as regulatory assets/(liabilities) for future recovery or refund, are shown below. The service cost component of net periodic benefit plan expense/(income), less the capitalized portion, is included in Operations and Maintenance expense on the statements of income. The remaining components of net periodic benefit plan expense/(income), less the deferred portion, are included in Other Income, Net on the statements of income. Pension, SERP and PBOP expense/(income) reflected in the statements of cash flows for CL&P, NSTAR Electric and PSNH does not include intercompany allocations of net periodic benefit plan expense/(income), as these amounts are cash settled on a short-term basis.
| Pension and SERP |  | PBOP
| For the Three Months Ended June 30, 2022 |  | For the Three Months Ended June 30, 2022
(Millions of Dollars) | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH |  | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH
Service Cost | $ | 17.5 |  |  | $ | 4.7 |  |  | $ | 3.4 |  |  | $ | 1.7 |  |  | $ | 3.0 |  |  | $ | 0.5 |  |  | $ | 0.5 |  |  | $ | 0.3 |
Interest Cost | 38.6 |  |  | 7.8 |  |  | 8.2 |  |  | 4.2 |  |  | 5.1 |  |  | 0.9 |  |  | 1.3 |  |  | 0.6 |
Expected Return on Plan Assets | (130.7) |  |  | (26.5) |  |  | (32.1) |  |  | (14.0) |  |  | (22.6) |  |  | (2.8) |  |  | (10.6) |  |  | (1.7) |
Actuarial Losses, net | 28.4 |  |  | 4.0 |  |  | 8.1 |  |  | 1.9 |  |  | — |  |  | — |  |  | — |  |  | — |
Prior Service Cost/(Credit) | 0.3 |  |  | — |  |  | 0.1 |  |  | — |  |  | (5.4) |  |  | 0.3 |  |  | (4.2) |  |  | 0.1 |
Total Net Periodic Benefit Plan Income | $ | (45.9) |  |  | $ | (10.0) |  |  | $ | (12.3) |  |  | $ | (6.2) |  |  | $ | (19.9) |  |  | $ | (1.1) |  |  | $ | (13.0) |  |  | $ | (0.7) |
Intercompany Income Allocations | N/A |  | $ | (4.1) |  |  | $ | (3.2) |  |  | $ | (0.9) |  |  | N/A |  | $ | (0.9) |  |  | $ | (0.9) |  |  | $ | (0.3) |
| Pension and SERP |  | PBOP
| For the Six Months Ended June 30, 2022 |  | For the Six Months Ended June 30, 2022
(Millions of Dollars) | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH |  | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH
Service Cost | $ | 35.2 |  |  | $ | 9.2 |  |  | $ | 7.0 |  |  | $ | 3.5 |  |  | $ | 5.8 |  |  | $ | 1.0 |  |  | $ | 1.0 |  |  | $ | 0.5 |
Interest Cost | 77.2 |  |  | 15.6 |  |  | 16.3 |  |  | 8.4 |  |  | 10.1 |  |  | 1.8 |  |  | 2.6 |  |  | 1.1 |
Expected Return on Plan Assets | (262.4) |  |  | (53.1) |  |  | (64.1) |  |  | (28.1) |  |  | (45.0) |  |  | (5.6) |  |  | (21.2) |  |  | (3.3) |
Actuarial Losses, net | 59.1 |  |  | 8.2 |  |  | 16.6 |  |  | 4.1 |  |  | — |  |  | — |  |  | — |  |  | — |
Prior Service Cost/(Credit) | 0.7 |  |  | — |  |  | 0.2 |  |  | — |  |  | (10.8) |  |  | 0.5 |  |  | (8.5) |  |  | 0.2 |
Total Net Periodic Benefit Plan Income | $ | (90.2) |  |  | $ | (20.1) |  |  | $ | (24.0) |  |  | $ | (12.1) |  |  | $ | (39.9) |  |  | $ | (2.3) |  |  | $ | (26.1) |  |  | $ | (1.5) |
Intercompany Income Allocations | N/A |  | $ | (7.9) |  |  | $ | (6.1) |  |  | $ | (1.7) |  |  | N/A |  | $ | (1.8) |  |  | $ | (1.8) |  |  | $ | (0.6) |
| Pension and SERP |  | PBOP
| For the Three Months Ended June 30, 2021 |  | For the Three Months Ended June 30, 2021
(Millions of Dollars) | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH |  | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH
Service Cost | $ | 18.4 |  |  | $ | 5.5 |  |  | $ | 3.9 |  |  | $ | 2.2 |  |  | $ | 3.3 |  |  | $ | 0.6 |  |  | $ | 0.6 |  |  | $ | 0.3 |
Interest Cost | 27.1 |  |  | 6.7 |  |  | 6.7 |  |  | 3.6 |  |  | 4.2 |  |  | 0.8 |  |  | 1.1 |  |  | 0.4 |
Expected Return on Plan Assets | (87.4) |  |  | (21.7) |  |  | (27.1) |  |  | (11.8) |  |  | (19.8) |  |  | (2.6) |  |  | (9.2) |  |  | (1.5) |
Actuarial Loss | 47.8 |  |  | 10.8 |  |  | 15.3 |  |  | 5.2 |  |  | 1.3 |  |  | 0.4 |  |  | 0.5 |  |  | 0.1 |
Prior Service Cost/(Credit) | 0.3 |  |  | — |  |  | 0.1 |  |  | — |  |  | (5.3) |  |  | 0.3 |  |  | (4.2) |  |  | 0.1 |
Total Net Periodic Benefit Plan Expense/(Income) | $ | 6.2 |  |  | $ | 1.3 |  |  | $ | (1.1) |  |  | $ | (0.8) |  |  | $ | (16.3) |  |  | $ | (0.5) |  |  | $ | (11.2) |  |  | $ | (0.6) |
Intercompany Expense/(Income) Allocations | N/A |  | $ | 2.3 |  |  | $ | 2.5 |  |  | $ | 0.7 |  |  | N/A |  | $ | (0.6) |  |  | $ | (0.6) |  |  | $ | (0.2) |
| Pension and SERP |  | PBOP
| For the Six Months Ended June 30, 2021 |  | For the Six Months Ended June 30, 2021
(Millions of Dollars) | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH |  | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH
Service Cost | $ | 39.7 |  |  | $ | 11.8 |  |  | $ | 7.9 |  |  | $ | 4.4 |  |  | $ | 6.8 |  |  | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | 0.6 |
Interest Cost | 59.7 |  |  | 14.0 |  |  | 13.4 |  |  | 7.2 |  |  | 8.6 |  |  | 1.6 |  |  | 2.2 |  |  | 0.9 |
Expected Return on Plan Assets | (196.3) |  |  | (43.3) |  |  | (54.0) |  |  | (23.7) |  |  | (39.5) |  |  | (5.2) |  |  | (18.5) |  |  | (3.0) |
Actuarial Loss | 109.4 |  |  | 23.8 |  |  | 30.8 |  |  | 10.1 |  |  | 3.9 |  |  | 0.8 |  |  | 1.1 |  |  | 0.3 |
Prior Service Cost/(Credit) | 0.6 |  |  | — |  |  | 0.2 |  |  | — |  |  | (10.6) |  |  | 0.5 |  |  | (8.4) |  |  | 0.2 |
Total Net Periodic Benefit Plan Expense/(Income) | $ | 13.1 |  |  | $ | 6.3 |  |  | $ | (1.7) |  |  | $ | (2.0) |  |  | $ | (30.8) |  |  | $ | (1.1) |  |  | $ | (22.4) |  |  | $ | (1.0) |
Intercompany Expense/(Income) Allocations | N/A |  | $ | 3.6 |  |  | $ | 4.0 |  |  | $ | 1.2 |  |  | N/A |  | $ | (0.9) |  |  | $ | (1.0) |  |  | $ | (0.3) |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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