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v3.23.1

REVENUES (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Operating Revenues Disaggregated by Revenue Source | The following tables present operating revenues disaggregated by revenue source:
| For the Three Months Ended March 31, 2023
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 | $ | 1,464.0 |  |  | $ | 576.6 |  |  | $ | — |  |  | $ | 28.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,069.5 |
Commercial | 788.4 |  |  | 320.0 |  |  | — |  |  | 15.5 |  |  | — |  |  | (1.0) |  |  | 1,122.9 |
Industrial | 89.1 |  |  | 69.6 |  |  | — |  |  | 1.1 |  |  | — |  |  | (5.1) |  |  | 154.7 |
Total Retail Tariff Sales Revenues | 2,341.5 |  |  | 966.2 |  |  | — |  |  | 45.5 |  |  | — |  |  | (6.1) |  |  | 3,347.1 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 435.0 |  |  | — |  |  | — |  |  | (325.3) |  |  | 109.7 |
Wholesale Market Sales Revenues | 217.3 |  |  | 49.1 |  |  | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 267.2 |
Other Revenues from Contracts with Customers | 18.3 |  |  | 1.5 |  |  | 4.7 |  |  | 2.1 |  |  | 413.8 |  |  | (412.6) |  |  | 27.8 |
Total Revenues from Contracts with Customers | 2,577.1 |  |  | 1,016.8 |  |  | 439.7 |  |  | 48.4 |  |  | 413.8 |  |  | (744.0) |  |  | 3,751.8 |
Alternative Revenue Programs | 6.0 |  |  | 27.4 |  |  | 18.7 |  |  | 1.7 |  |  | — |  |  | (16.9) |  |  | 36.9 |
Other Revenues | 5.5 |  |  | 1.0 |  |  | 0.2 |  |  | 0.2 |  |  | — |  |  | — |  |  | 6.9 |
Total Operating Revenues | $ | 2,588.6 |  |  | $ | 1,045.2 |  |  | $ | 458.6 |  |  | $ | 50.3 |  |  | $ | 413.8 |  |  | $ | (760.9) |  |  | $ | 3,795.6 |
| For the Three Months Ended March 31, 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 | $ | 1,186.2 |  |  | $ | 556.8 |  |  | $ | — |  |  | $ | 28.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,771.2 |
Commercial | 661.3 |  |  | 257.6 |  |  | — |  |  | 14.6 |  |  | — |  |  | (1.1) |  |  | 932.4 |
Industrial | 89.6 |  |  | 68.1 |  |  | — |  |  | 1.1 |  |  | — |  |  | (4.5) |  |  | 154.3 |
Total Retail Tariff Sales Revenues | 1,937.1 |  |  | 882.5 |  |  | — |  |  | 43.9 |  |  | — |  |  | (5.6) |  |  | 2,857.9 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 446.2 |  |  | — |  |  | 24.4 |  |  | (364.7) |  |  | 105.9 |
Wholesale Market Sales Revenues | 365.5 |  |  | 33.5 |  |  | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 399.8 |
Other Revenues from Contracts with Customers | 17.7 |  |  | 1.0 |  |  | 3.8 |  |  | 1.9 |  |  | 359.1 |  |  | (353.1) |  |  | 30.4 |
Amortization of/(Reserve for) Revenues Subject to Refund (1) | 58.4 |  |  | — |  |  | — |  |  | (0.4) |  |  | — |  |  | — |  |  | 58.0 |
Total Revenues from Contracts with Customers | 2,378.7 |  |  | 917.0 |  |  | 450.0 |  |  | 46.2 |  |  | 383.5 |  |  | (723.4) |  |  | 3,452.0 |
Alternative Revenue Programs | 4.8 |  |  | 10.2 |  |  | (15.0) |  |  | 2.2 |  |  | — |  |  | 13.6 |  |  | 15.8 |
Other Revenues | 2.8 |  |  | 0.4 |  |  | 0.2 |  |  | 0.1 |  |  | — |  |  | — |  |  | 3.5 |
Total Operating Revenues | $ | 2,386.3 |  |  | $ | 927.6 |  |  | $ | 435.2 |  |  | $ | 48.5 |  |  | $ | 383.5 |  |  | $ | (709.8) |  |  | $ | 3,471.3 |
| For the Three Months Ended March 31, 2023 |  | For the Three Months Ended March 31, 2022
(Millions of Dollars) | CL&P |  | NSTAR Electric |  | PSNH |  | CL&P |  | NSTAR Electric |  | PSNH
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 762.2 |  |  | $ | 467.8 |  |  | $ | 234.0 |  |  | $ | 599.1 |  |  | $ | 404.6 |  |  | $ | 182.5 |
Commercial | 295.3 |  |  | 384.3 |  |  | 108.6 |  |  | 242.2 |  |  | 331.3 |  |  | 88.4 |
Industrial | 33.9 |  |  | 32.6 |  |  | 22.6 |  |  | 33.5 |  |  | 34.1 |  |  | 22.0 |
Total Retail Tariff Sales Revenues | 1,091.4 |  |  | 884.7 |  |  | 365.2 |  |  | 874.8 |  |  | 770.0 |  |  | 292.9 |
Wholesale Transmission Revenues | 195.8 |  |  | 167.8 |  |  | 71.4 |  |  | 209.1 |  |  | 165.2 |  |  | 71.9 |
Wholesale Market Sales Revenues | 154.6 |  |  | 41.1 |  |  | 21.6 |  |  | 279.9 |  |  | 57.9 |  |  | 27.7 |
Other Revenues from Contracts with Customers | 9.3 |  |  | 10.8 |  |  | 2.9 |  |  | 7.9 |  |  | 11.6 |  |  | 2.6 |
Amortization of Revenues Subject to Refund (1) | 0.7 |  |  | — |  |  | — |  |  | 58.4 |  |  | — |  |  | — |
Total Revenues from Contracts with Customers | 1,451.8 |  |  | 1,104.4 |  |  | 461.1 |  |  | 1,430.1 |  |  | 1,004.7 |  |  | 395.1 |
Alternative Revenue Programs | 24.6 |  |  | (9.5) |  |  | 9.6 |  |  | 1.3 |  |  | (8.2) |  |  | (3.3) |
Other Revenues | 2.2 |  |  | 2.5 |  |  | 1.0 |  |  | 0.1 |  |  | 2.0 |  |  | 0.9 |
Eliminations | (139.7) |  |  | (141.1) |  |  | (51.5) |  |  | (145.7) |  |  | (135.3) |  |  | (53.3) |
Total Operating Revenues | $ | 1,338.9 |  |  | $ | 956.3 |  |  | $ | 420.2 |  |  | $ | 1,285.8 |  |  | $ | 863.2 |  |  | $ | 339.4 |
(1) Amortization of/(Reserve for) Revenues Subject to Refund within the Electric Distribution segment in the first quarter of 2022 represents customer credits being distributed to CL&P’s customers on retail electric bills as a result of the October 2021 CL&P settlement agreement and the 2021 civil penalty for non-compliance with storm performance standards. 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.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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