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v3.22.2.2

REGULATORY ACCOUNTING (Tables) | 9 Months Ended
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Sep. 30, 2022
Regulated Operations [Abstract] |
Components of Regulatory Assets | The components of regulatory assets were as follows:
| As of September 30, 2022 |  | As of December 31, 2021
(Millions of Dollars) | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH |  | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH
Benefit Costs | $ | 1,408.9 |  |  | $ | 263.3 |  |  | $ | 389.0 |  |  | $ | 114.6 |  |  | $ | 1,481.0 |  |  | $ | 272.4 |  |  | $ | 395.5 |  |  | $ | 118.9 |
Storm Costs, Net | 1,243.9 |  |  | 722.5 |  |  | 459.9 |  |  | 61.5 |  |  | 1,102.7 |  |  | 695.6 |  |  | 341.3 |  |  | 65.8 |
Regulatory Tracking Mechanisms | 941.2 |  |  | 214.4 |  |  | 339.0 |  |  | 70.4 |  |  | 1,050.5 |  |  | 333.6 |  |  | 376.6 |  |  | 85.4 |
Income Taxes, Net | 808.5 |  |  | 480.0 |  |  | 114.5 |  |  | 17.4 |  |  | 790.7 |  |  | 470.5 |  |  | 112.6 |  |  | 17.5 |
Securitized Stranded Costs | 446.5 |  |  | — |  |  | — |  |  | 446.5 |  |  | 478.9 |  |  | — |  |  | — |  |  | 478.9 |
Goodwill-related | 285.2 |  |  | — |  |  | 244.8 |  |  | — |  |  | 297.8 |  |  | — |  |  | 255.7 |  |  | — |
Derivative Liabilities | 195.9 |  |  | 195.9 |  |  | — |  |  | — |  |  | 249.2 |  |  | 249.2 |  |  | — |  |  | — |
Asset Retirement Obligations | 124.3 |  |  | 35.3 |  |  | 66.0 |  |  | 4.3 |  |  | 115.0 |  |  | 33.6 |  |  | 59.8 |  |  | 4.1 |
Other Regulatory Assets | 248.0 |  |  | 27.1 |  |  | 32.0 |  |  | 14.1 |  |  | 150.0 |  |  | 29.9 |  |  | 37.7 |  |  | 15.8 |
Total Regulatory Assets | 5,702.4 |  |  | 1,938.5 |  |  | 1,645.2 |  |  | 728.8 |  |  | 5,715.8 |  |  | 2,084.8 |  |  | 1,579.2 |  |  | 786.4 |
Less: Current Portion | 1,143.6 |  |  | 305.6 |  |  | 387.3 |  |  | 110.1 |  |  | 1,129.1 |  |  | 371.6 |  |  | 444.0 |  |  | 107.2 |
Total Long-Term Regulatory Assets | $ | 4,558.8 |  |  | $ | 1,632.9 |  |  | $ | 1,257.9 |  |  | $ | 618.7 |  |  | $ | 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 September 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 | $ | 2,629.0 |  |  | $ | 986.1 |  |  | $ | 952.6 |  |  | $ | 350.0 |  |  | $ | 2,685.2 |  |  | $ | 996.1 |  |  | $ | 984.5 |  |  | $ | 359.2 |
Cost of Removal | 654.5 |  |  | 122.4 |  |  | 418.3 |  |  | 19.3 |  |  | 649.6 |  |  | 100.1 |  |  | 381.0 |  |  | 17.2 |
Regulatory Tracking Mechanisms | 957.4 |  |  | 455.7 |  |  | 326.2 |  |  | 165.1 |  |  | 448.4 |  |  | 182.0 |  |  | 185.1 |  |  | 107.0 |
Deferred Portion of Non-Service Income Components of Pension, SERP and PBOP | 240.3 |  |  | 28.9 |  |  | 127.5 |  |  | 25.3 |  |  | 148.3 |  |  | 12.0 |  |  | 90.7 |  |  | 14.9 |
Benefit Costs | 110.9 |  |  | — |  |  | 88.1 |  |  | — |  |  | 133.5 |  |  | — |  |  | 107.4 |  |  | — |
AFUDC - Transmission | 93.1 |  |  | 46.4 |  |  | 46.7 |  |  | — |  |  | 81.0 |  |  | 43.2 |  |  | 37.8 |  |  | — |
CL&P Settlement Agreement and Storm Performance Penalty | — |  |  | — |  |  | — |  |  | — |  |  | 81.3 |  |  | 81.3 |  |  | — |  |  | — |
Other Regulatory Liabilities | 204.6 |  |  | 38.6 |  |  | 4.4 |  |  | 6.7 |  |  | 241.4 |  |  | 45.1 |  |  | 0.8 |  |  | 3.3 |
Total Regulatory Liabilities | 4,889.8 |  |  | 1,678.1 |  |  | 1,963.8 |  |  | 566.4 |  |  | 4,468.7 |  |  | 1,459.8 |  |  | 1,787.3 |  |  | 501.6 |
Less: Current Portion | 988.7 |  |  | 434.5 |  |  | 368.0 |  |  | 185.1 |  |  | 602.4 |  |  | 266.5 |  |  | 228.2 |  |  | 120.2 |
Total Long-Term Regulatory Liabilities | $ | 3,901.1 |  |  | $ | 1,243.6 |  |  | $ | 1,595.8 |  |  | $ | 381.3 |  |  | $ | 3,866.3 |  |  | $ | 1,193.3 |  |  | $ | 1,559.1 |  |  | $ | 381.4 |

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