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v3.22.2

REGULATORY ACCOUNTING (Tables) | 6 Months Ended
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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 |

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