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v3.23.1

REVENUES | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUESThe 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 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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