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v3.22.2.2

REVENUES | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUESThe following tables present operating revenues disaggregated by revenue source:
| For the Three Months Ended September 30, 2022
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 1,492.9 |  |  | $ | 94.7 |  |  | $ | — |  |  | $ | 45.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,633.3 |
Commercial | 890.5 |  |  | 76.7 |  |  | — |  |  | 18.5 |  |  | — |  |  | (1.7) |  |  | 984.0 |
Industrial | 105.6 |  |  | 33.6 |  |  | — |  |  | 1.3 |  |  | — |  |  | (5.2) |  |  | 135.3 |
Total Retail Tariff Sales Revenues | 2,489.0 |  |  | 205.0 |  |  | — |  |  | 65.5 |  |  | — |  |  | (6.9) |  |  | 2,752.6 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 520.3 |  |  | — |  |  | 29.9 |  |  | (416.3) |  |  | 133.9 |
Wholesale Market Sales Revenues | 317.1 |  |  | 22.7 |  |  | — |  |  | 1.1 |  |  | — |  |  | — |  |  | 340.9 |
Other Revenues from Contracts with Customers | 17.3 |  |  | 0.6 |  |  | 3.4 |  |  | 2.1 |  |  | 313.6 |  |  | (311.9) |  |  | 25.1 |
Amortization of/(Reserve for) Revenues Subject to Refund (1) | 7.0 |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | — |  |  | 6.9 |
Total Revenues from Contracts with Customers | 2,830.4 |  |  | 228.3 |  |  | 523.7 |  |  | 68.6 |  |  | 343.5 |  |  | (735.1) |  |  | 3,259.4 |
Alternative Revenue Programs | (37.7) |  |  | (2.8) |  |  | (55.1) |  |  | (3.6) |  |  | — |  |  | 52.6 |  |  | (46.6) |
Other Revenues (2) | 2.4 |  |  | 0.1 |  |  | 0.2 |  |  | 0.1 |  |  | — |  |  | — |  |  | 2.8 |
Total Operating Revenues | $ | 2,795.1 |  |  | $ | 225.6 |  |  | $ | 468.8 |  |  | $ | 65.1 |  |  | $ | 343.5 |  |  | $ | (682.5) |  |  | $ | 3,215.6 |
| For the Nine Months Ended September 30, 2022
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 3,683.9 |  |  | $ | 870.0 |  |  | $ | — |  |  | $ | 109.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,663.0 |
Commercial | 2,216.0 |  |  | 456.9 |  |  | — |  |  | 49.9 |  |  | — |  |  | (4.2) |  |  | 2,718.6 |
Industrial | 284.1 |  |  | 145.2 |  |  | — |  |  | 3.5 |  |  | — |  |  | (14.8) |  |  | 418.0 |
Total Retail Tariff Sales Revenues | 6,184.0 |  |  | 1,472.1 |  |  | — |  |  | 162.5 |  |  | — |  |  | (19.0) |  |  | 7,799.6 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 1,301.0 |  |  | — |  |  | 79.4 |  |  | (1,047.3) |  |  | 333.1 |
Wholesale Market Sales Revenues | 895.2 |  |  | 89.3 |  |  | — |  |  | 2.8 |  |  | — |  |  | — |  |  | 987.3 |
Other Revenues from Contracts with Customers | 53.4 |  |  | 2.8 |  |  | 10.5 |  |  | 6.2 |  |  | 983.3 |  |  | (974.9) |  |  | 81.3 |
Amortization of/(Reserve for) Revenues Subject to Refund (1) | 71.9 |  |  | — |  |  | 0.7 |  |  | (0.9) |  |  | — |  |  | — |  |  | 71.7 |
Total Revenues from Contracts with Customers | 7,204.5 |  |  | 1,564.2 |  |  | 1,312.2 |  |  | 170.6 |  |  | 1,062.7 |  |  | (2,041.2) |  |  | 9,273.0 |
Alternative Revenue Programs | (26.2) |  |  | 4.3 |  |  | 48.9 |  |  | (2.8) |  |  | — |  |  | (46.9) |  |  | (22.7) |
Other Revenues (2) | 7.5 |  |  | 0.9 |  |  | 0.5 |  |  | 0.4 |  |  | — |  |  | — |  |  | 9.3 |
Total Operating Revenues | $ | 7,185.8 |  |  | $ | 1,569.4 |  |  | $ | 1,361.6 |  |  | $ | 168.2 |  |  | $ | 1,062.7 |  |  | $ | (2,088.1) |  |  | $ | 9,259.6 |
| For the Three Months Ended September 30, 2021
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 1,146.8 |  |  | $ | 81.7 |  |  | $ | — |  |  | $ | 39.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,267.6 |
Commercial | 748.8 |  |  | 59.0 |  |  | — |  |  | 17.2 |  |  | — |  |  | (1.4) |  |  | 823.6 |
Industrial | 96.2 |  |  | 28.6 |  |  | — |  |  | 1.1 |  |  | — |  |  | (4.8) |  |  | 121.1 |
Total Retail Tariff Sales Revenues | 1,991.8 |  |  | 169.3 |  |  | — |  |  | 57.4 |  |  | — |  |  | (6.2) |  |  | 2,212.3 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 527.2 |  |  | — |  |  | 23.0 |  |  | (408.5) |  |  | 141.7 |
Wholesale Market Sales Revenues | 133.8 |  |  | 12.2 |  |  | — |  |  | 1.1 |  |  | — |  |  | — |  |  | 147.1 |
Other Revenues from Contracts with Customers | 29.6 |  |  | 1.2 |  |  | 3.5 |  |  | 1.8 |  |  | 303.1 |  |  | (301.4) |  |  | 37.8 |
Reserve for Revenues Subject to Refund (1) | (93.4) |  |  | — |  |  | — |  |  | (0.9) |  |  | — |  |  | — |  |  | (94.3) |
Total Revenues from Contracts with Customers | 2,061.8 |  |  | 182.7 |  |  | 530.7 |  |  | 59.4 |  |  | 326.1 |  |  | (716.1) |  |  | 2,444.6 |
Alternative Revenue Programs | (7.9) |  |  | 2.7 |  |  | (112.6) |  |  | 2.3 |  |  | — |  |  | 102.0 |  |  | (13.5) |
Other Revenues (2) | 1.3 |  |  | 0.1 |  |  | 0.2 |  |  | 0.1 |  |  | — |  |  | — |  |  | 1.7 |
Total Operating Revenues | $ | 2,055.2 |  |  | $ | 185.5 |  |  | $ | 418.3 |  |  | $ | 61.8 |  |  | $ | 326.1 |  |  | $ | (614.1) |  |  | $ | 2,432.8 |
| For the Nine Months Ended September 30, 2021
Eversource (Millions of Dollars) | Electric Distribution |  | Natural Gas Distribution |  | Electric Transmission |  | Water Distribution |  | Other |  | Eliminations |  | Total
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 3,094.9 |  |  | $ | 722.8 |  |  | $ | — |  |  | $ | 102.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,920.5 |
Commercial | 1,902.9 |  |  | 356.4 |  |  | — |  |  | 47.0 |  |  | — |  |  | (4.1) |  |  | 2,302.2 |
Industrial | 261.1 |  |  | 119.5 |  |  | — |  |  | 3.3 |  |  | — |  |  | (12.8) |  |  | 371.1 |
Total Retail Tariff Sales Revenues | 5,258.9 |  |  | 1,198.7 |  |  | — |  |  | 153.1 |  |  | — |  |  | (16.9) |  |  | 6,593.8 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 1,338.4 |  |  | — |  |  | 62.5 |  |  | (1,075.4) |  |  | 325.5 |
Wholesale Market Sales Revenues | 380.1 |  |  | 54.1 |  |  | — |  |  | 3.0 |  |  | — |  |  | — |  |  | 437.2 |
Other Revenues from Contracts with Customers | 68.4 |  |  | 3.6 |  |  | 10.2 |  |  | 5.5 |  |  | 936.6 |  |  | (929.6) |  |  | 94.7 |
Reserve for Revenues Subject to Refund (1) | (93.4) |  |  | — |  |  | — |  |  | (2.2) |  |  | — |  |  | — |  |  | (95.6) |
Total Revenues from Contracts with Customers | 5,614.0 |  |  | 1,256.4 |  |  | 1,348.6 |  |  | 159.4 |  |  | 999.1 |  |  | (2,021.9) |  |  | 7,355.6 |
Alternative Revenue Programs | 14.9 |  |  | 21.3 |  |  | (119.2) |  |  | 1.3 |  |  | — |  |  | 103.0 |  |  | 21.3 |
Other Revenues (2) | 3.2 |  |  | 0.1 |  |  | 0.7 |  |  | 0.3 |  |  | — |  |  | — |  |  | 4.3 |
Total Operating Revenues | $ | 5,632.1 |  |  | $ | 1,277.8 |  |  | $ | 1,230.1 |  |  | $ | 161.0 |  |  | $ | 999.1 |  |  | $ | (1,918.9) |  |  | $ | 7,381.2 |
| For the Three Months Ended September 30, 2022 |  | For the Three Months Ended September 30, 2021
(Millions of Dollars) | CL&P |  | NSTAR Electric |  | PSNH |  | CL&P |  | NSTAR Electric |  | PSNH
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 739.1 |  |  | $ | 507.6 |  |  | $ | 246.2 |  |  | $ | 572.0 |  |  | $ | 401.9 |  |  | $ | 172.9 |
Commercial | 311.2 |  |  | 469.6 |  |  | 110.4 |  |  | 249.4 |  |  | 411.3 |  |  | 88.5 |
Industrial | 41.9 |  |  | 39.3 |  |  | 24.4 |  |  | 35.0 |  |  | 35.9 |  |  | 25.3 |
Total Retail Tariff Sales Revenues | 1,092.2 |  |  | 1,016.5 |  |  | 381.0 |  |  | 856.4 |  |  | 849.1 |  |  | 286.7 |
Wholesale Transmission Revenues | 250.3 |  |  | 183.8 |  |  | 86.2 |  |  | 268.2 |  |  | 171.0 |  |  | 88.0 |
Wholesale Market Sales Revenues | 232.9 |  |  | 57.5 |  |  | 26.7 |  |  | 100.3 |  |  | 21.3 |  |  | 12.2 |
Other Revenues from Contracts with Customers | 7.5 |  |  | 10.7 |  |  | 3.1 |  |  | 12.1 |  |  | 14.3 |  |  | 7.3 |
Amortization of/(Reserve for) Revenues Subject to Refund (1) | 7.0 |  |  | — |  |  | — |  |  | (93.4) |  |  | — |  |  | — |
Total Revenues from Contracts with Customers | 1,589.9 |  |  | 1,268.5 |  |  | 497.0 |  |  | 1,143.6 |  |  | 1,055.7 |  |  | 394.2 |
Alternative Revenue Programs | (65.1) |  |  | (20.5) |  |  | (7.2) |  |  | (82.0) |  |  | (14.4) |  |  | (24.1) |
Other Revenues (2) | 0.2 |  |  | 1.8 |  |  | 0.6 |  |  | 0.2 |  |  | 0.7 |  |  | 0.6 |
Eliminations | (155.9) |  |  | (144.3) |  |  | (59.8) |  |  | (142.2) |  |  | (123.3) |  |  | (55.8) |
Total Operating Revenues | $ | 1,369.1 |  |  | $ | 1,105.5 |  |  | $ | 430.6 |  |  | $ | 919.6 |  |  | $ | 918.7 |  |  | $ | 314.9 |
| For the Nine Months Ended September 30, 2022 |  | For the Nine Months Ended September 30, 2021
(Millions of Dollars) | CL&P |  | NSTAR Electric |  | PSNH |  | CL&P |  | NSTAR Electric |  | PSNH
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 1,864.4 |  |  | $ | 1,239.0 |  |  | $ | 580.5 |  |  | $ | 1,558.6 |  |  | $ | 1,069.0 |  |  | $ | 467.3 |
Commercial | 808.7 |  |  | 1,128.8 |  |  | 280.5 |  |  | 679.3 |  |  | 975.7 |  |  | 249.2 |
Industrial | 111.4 |  |  | 104.0 |  |  | 68.7 |  |  | 100.2 |  |  | 89.5 |  |  | 71.4 |
Total Retail Tariff Sales Revenues | 2,784.5 |  |  | 2,471.8 |  |  | 929.7 |  |  | 2,338.1 |  |  | 2,134.2 |  |  | 787.9 |
Wholesale Transmission Revenues | 575.2 |  |  | 512.7 |  |  | 213.1 |  |  | 652.8 |  |  | 478.2 |  |  | 207.4 |
Wholesale Market Sales Revenues | 656.3 |  |  | 163.1 |  |  | 75.8 |  |  | 278.1 |  |  | 64.7 |  |  | 37.3 |
Other Revenues from Contracts with Customers | 22.8 |  |  | 34.1 |  |  | 8.8 |  |  | 28.8 |  |  | 36.8 |  |  | 14.9 |
Amortization of/(Reserve for) Revenues Subject to Refund (1) | 72.6 |  |  | — |  |  | — |  |  | (93.4) |  |  | — |  |  | — |
Total Revenues from Contracts with Customers | 4,111.4 |  |  | 3,181.7 |  |  | 1,227.4 |  |  | 3,204.4 |  |  | 2,713.9 |  |  | 1,047.5 |
Alternative Revenue Programs | 28.3 |  |  | (14.4) |  |  | 8.8 |  |  | (74.2) |  |  | (11.3) |  |  | (18.8) |
Other Revenues (2) | 0.5 |  |  | 5.4 |  |  | 2.1 |  |  | 0.3 |  |  | 2.5 |  |  | 1.1 |
Eliminations | (449.6) |  |  | (420.4) |  |  | (161.2) |  |  | (394.0) |  |  | (362.0) |  |  | (142.6) |
Total Operating Revenues | $ | 3,690.6 |  |  | $ | 2,752.3 |  |  | $ | 1,077.1 |  |  | $ | 2,736.5 |  |  | $ | 2,343.1 |  |  | $ | 887.2 |
(1) Amortization of Revenues Subject to Refund within the Electric Distribution segment in the third quarter and first nine months of 2022 primarily represents the reversal of a 2021 reserve at CL&P established to provide bill credits to customers as a result of the settlement agreement on October 1, 2021 and a storm performance penalty assessed by PURA. The reserve was reversed as customer credits were distributed to CL&P’s customers in retail electric rates. Total customer credits as a result of the 2021 settlement and civil penalty were $93.4 million. The settlement amount of $65 million was refunded over a two-month billing period from December 1, 2021 to January 31, 2022 and the civil penalty of $28.4 million was refunded over a one year billing period, which began September 1, 2021. (2) Other Revenues include certain fees charged to customers that are not considered revenue from contracts with customers. Other Revenues also include lease revenues under lessor accounting guidance of $1.0 million (including $0.2 million at CL&P and $0.6 million at NSTAR Electric) and $1.1 million (including $0.2 million at CL&P and $0.7 million at NSTAR Electric) for the three months ended September 30, 2022 and 2021, respectively, and $3.1 million (including $0.6 million at CL&P and $1.9 million at NSTAR Electric) and $3.8 million (including $0.6 million at CL&P and $2.5 million at NSTAR Electric) for the nine months ended September 30, 2022 and 2021, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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