XML 60 R41.htm IDEA: XBRL DOCUMENT
v3.23.2

REVENUES | 6 Months Ended
--- | ---
Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUESThe following tables present operating revenues disaggregated by revenue source:
| For the Three Months Ended June 30, 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 | $ | 1,142.2 |  |  | $ | 198.4 |  |  | $ | — |  |  | $ | 38.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,379.5 |
Commercial | 692.1 |  |  | 129.9 |  |  | — |  |  | 18.2 |  |  | — |  |  | (1.2) |  |  | 839.0 |
Industrial | 84.9 |  |  | 41.9 |  |  | — |  |  | 1.1 |  |  | — |  |  | (4.7) |  |  | 123.2 |
Total Retail Tariff Sales Revenues | 1,919.2 |  |  | 370.2 |  |  | — |  |  | 58.2 |  |  | — |  |  | (5.9) |  |  | 2,341.7 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 403.0 |  |  | — |  |  | — |  |  | (303.8) |  |  | 99.2 |
Wholesale Market Sales Revenues | 112.3 |  |  | 39.8 |  |  | — |  |  | 1.0 |  |  | — |  |  | — |  |  | 153.1 |
Other Revenues from Contracts with Customers | 21.0 |  |  | 1.1 |  |  | 4.5 |  |  | 2.0 |  |  | 408.8 |  |  | (405.8) |  |  | 31.6 |
Total Revenues from Contracts with Customers | 2,052.5 |  |  | 411.1 |  |  | 407.5 |  |  | 61.2 |  |  | 408.8 |  |  | (715.5) |  |  | 2,625.6 |
Alternative Revenue Programs | (3.0) |  |  | (3.1) |  |  | 72.5 |  |  | (3.4) |  |  | — |  |  | (65.7) |  |  | (2.7) |
Other Revenues | 4.9 |  |  | 1.1 |  |  | 0.1 |  |  | 0.3 |  |  | — |  |  | — |  |  | 6.4 |
Total Operating Revenues | $ | 2,054.4 |  |  | $ | 409.1 |  |  | $ | 480.1 |  |  | $ | 58.1 |  |  | $ | 408.8 |  |  | $ | (781.2) |  |  | $ | 2,629.3 |
| For the Six Months Ended June 30, 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 | $ | 2,606.2 |  |  | $ | 774.9 |  |  | $ | — |  |  | $ | 67.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,449.0 |
Commercial | 1,480.5 |  |  | 450.0 |  |  | — |  |  | 33.7 |  |  | — |  |  | (2.3) |  |  | 1,961.9 |
Industrial | 174.1 |  |  | 111.4 |  |  | — |  |  | 2.1 |  |  | — |  |  | (9.7) |  |  | 277.9 |
Total Retail Tariff Sales Revenues | 4,260.8 |  |  | 1,336.3 |  |  | — |  |  | 103.7 |  |  | — |  |  | (12.0) |  |  | 5,688.8 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 838.1 |  |  | — |  |  | — |  |  | (629.1) |  |  | 209.0 |
Wholesale Market Sales Revenues | 329.6 |  |  | 88.9 |  |  | — |  |  | 1.8 |  |  | — |  |  | — |  |  | 420.3 |
Other Revenues from Contracts with Customers | 39.2 |  |  | 2.7 |  |  | 9.1 |  |  | 4.0 |  |  | 822.7 |  |  | (818.3) |  |  | 59.4 |
Total Revenues from Contracts with Customers | 4,629.6 |  |  | 1,427.9 |  |  | 847.2 |  |  | 109.5 |  |  | 822.7 |  |  | (1,459.4) |  |  | 6,377.5 |
Alternative Revenue Programs | 3.1 |  |  | 24.3 |  |  | 91.2 |  |  | (1.7) |  |  | — |  |  | (82.7) |  |  | 34.2 |
Other Revenues | 10.3 |  |  | 2.1 |  |  | 0.4 |  |  | 0.5 |  |  | — |  |  | — |  |  | 13.3 |
Total Operating Revenues | $ | 4,643.0 |  |  | $ | 1,454.3 |  |  | $ | 938.8 |  |  | $ | 108.3 |  |  | $ | 822.7 |  |  | $ | (1,542.1) |  |  | $ | 6,425.0 |
| For the Three Months Ended June 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 | $ | 1,004.8 |  |  | $ | 218.5 |  |  | $ | — |  |  | $ | 35.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,258.6 |
Commercial | 664.1 |  |  | 122.6 |  |  | — |  |  | 16.7 |  |  | — |  |  | (1.4) |  |  | 802.0 |
Industrial | 88.9 |  |  | 43.5 |  |  | — |  |  | 1.1 |  |  | — |  |  | (5.1) |  |  | 128.4 |
Total Retail Tariff Sales Revenues | 1,757.8 |  |  | 384.6 |  |  | — |  |  | 53.1 |  |  | — |  |  | (6.5) |  |  | 2,189.0 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 334.5 |  |  | — |  |  | 25.1 |  |  | (266.4) |  |  | 93.2 |
Wholesale Market Sales Revenues | 212.6 |  |  | 33.2 |  |  | — |  |  | 0.9 |  |  | — |  |  | — |  |  | 246.7 |
Other Revenues from Contracts with Customers | 24.9 |  |  | 1.2 |  |  | 3.9 |  |  | 1.9 |  |  | 310.6 |  |  | (309.8) |  |  | 32.7 |
Total Revenues from Contracts with Customers | 1,995.3 |  |  | 419.0 |  |  | 338.4 |  |  | 55.9 |  |  | 335.7 |  |  | (582.7) |  |  | 2,561.6 |
Alternative Revenue Programs | 6.8 |  |  | (3.0) |  |  | 119.0 |  |  | (1.4) |  |  | — |  |  | (113.2) |  |  | 8.2 |
Other Revenues | 2.3 |  |  | 0.2 |  |  | 0.2 |  |  | 0.1 |  |  | — |  |  | — |  |  | 2.8 |
Total Operating Revenues | $ | 2,004.4 |  |  | $ | 416.2 |  |  | $ | 457.6 |  |  | $ | 54.6 |  |  | $ | 335.7 |  |  | $ | (695.9) |  |  | $ | 2,572.6 |
| For the Six Months Ended June 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 | $ | 2,191.0 |  |  | $ | 775.3 |  |  | $ | — |  |  | $ | 63.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,029.7 |
Commercial | 1,325.5 |  |  | 380.1 |  |  | — |  |  | 31.3 |  |  | — |  |  | (2.5) |  |  | 1,734.4 |
Industrial | 178.5 |  |  | 111.6 |  |  | — |  |  | 2.2 |  |  | — |  |  | (9.6) |  |  | 282.7 |
Total Retail Tariff Sales Revenues | 3,695.0 |  |  | 1,267.0 |  |  | — |  |  | 96.9 |  |  | — |  |  | (12.1) |  |  | 5,046.8 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 780.7 |  |  | — |  |  | 49.6 |  |  | (631.1) |  |  | 199.2 |
Wholesale Market Sales Revenues | 578.1 |  |  | 66.7 |  |  | — |  |  | 1.7 |  |  | — |  |  | — |  |  | 646.5 |
Other Revenues from Contracts with Customers | 36.1 |  |  | 2.2 |  |  | 7.0 |  |  | 4.2 |  |  | 669.7 |  |  | (662.9) |  |  | 56.3 |
Amortization of/(Reserve for) Revenues Subject to Refund (1) | 64.9 |  |  | — |  |  | 0.7 |  |  | (0.7) |  |  | — |  |  | — |  |  | 64.9 |
Total Revenues from Contracts with Customers | 4,374.1 |  |  | 1,335.9 |  |  | 788.4 |  |  | 102.1 |  |  | 719.3 |  |  | (1,306.1) |  |  | 6,013.7 |
Alternative Revenue Programs | 11.5 |  |  | 7.2 |  |  | 104.0 |  |  | 0.8 |  |  | — |  |  | (99.6) |  |  | 23.9 |
Other Revenues | 5.1 |  |  | 0.7 |  |  | 0.4 |  |  | 0.2 |  |  | — |  |  | — |  |  | 6.4 |
Total Operating Revenues | $ | 4,390.7 |  |  | $ | 1,343.8 |  |  | $ | 892.8 |  |  | $ | 103.1 |  |  | $ | 719.3 |  |  | $ | (1,405.7) |  |  | $ | 6,044.0 |
| For the Three Months Ended June 30, 2023 |  | For the Three Months Ended June 30, 2022
(Millions of Dollars) | CL&P |  | NSTAR Electric |  | PSNH |  | CL&P |  | NSTAR Electric |  | PSNH
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 593.7 |  |  | $ | 370.5 |  |  | $ | 178.0 |  |  | $ | 526.1 |  |  | $ | 326.9 |  |  | $ | 151.8 |
Commercial | 255.0 |  |  | 347.2 |  |  | 90.2 |  |  | 255.3 |  |  | 327.8 |  |  | 81.7 |
Industrial | 31.3 |  |  | 31.1 |  |  | 22.5 |  |  | 36.0 |  |  | 30.6 |  |  | 22.3 |
Total Retail Tariff Sales Revenues | 880.0 |  |  | 748.8 |  |  | 290.7 |  |  | 817.4 |  |  | 685.3 |  |  | 255.8 |
Wholesale Transmission Revenues | 172.5 |  |  | 166.9 |  |  | 63.6 |  |  | 115.8 |  |  | 163.6 |  |  | 55.1 |
Wholesale Market Sales Revenues | 62.9 |  |  | 32.5 |  |  | 16.9 |  |  | 143.4 |  |  | 47.8 |  |  | 21.4 |
Other Revenues from Contracts with Customers | 8.8 |  |  | 12.9 |  |  | 4.4 |  |  | 14.7 |  |  | 11.8 |  |  | 3.0 |
Total Revenues from Contracts with Customers | 1,124.2 |  |  | 961.1 |  |  | 375.6 |  |  | 1,091.3 |  |  | 908.5 |  |  | 335.3 |
Alternative Revenue Programs | 52.6 |  |  | (5.0) |  |  | 21.9 |  |  | 92.2 |  |  | 14.3 |  |  | 19.3 |
Other Revenues | 2.5 |  |  | 1.8 |  |  | 0.7 |  |  | 0.2 |  |  | 1.6 |  |  | 0.7 |
Eliminations | (145.2) |  |  | (138.9) |  |  | (48.1) |  |  | (148.0) |  |  | (140.7) |  |  | (48.2) |
Total Operating Revenues | $ | 1,034.1 |  |  | $ | 819.0 |  |  | $ | 350.1 |  |  | $ | 1,035.7 |  |  | $ | 783.7 |  |  | $ | 307.1 |
| For the Six Months Ended June 30, 2023 |  | For the Six Months Ended June 30, 2022
(Millions of Dollars) | CL&P |  | NSTAR Electric |  | PSNH |  | CL&P |  | NSTAR Electric |  | PSNH
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 1,355.9 |  |  | $ | 838.3 |  |  | $ | 412.0 |  |  | $ | 1,125.2 |  |  | $ | 731.5 |  |  | $ | 334.3 |
Commercial | 550.3 |  |  | 731.5 |  |  | 198.8 |  |  | 497.5 |  |  | 659.1 |  |  | 170.1 |
Industrial | 65.2 |  |  | 63.8 |  |  | 45.1 |  |  | 69.5 |  |  | 64.7 |  |  | 44.3 |
Total Retail Tariff Sales Revenues | 1,971.4 |  |  | 1,633.6 |  |  | 655.9 |  |  | 1,692.2 |  |  | 1,455.3 |  |  | 548.7 |
Wholesale Transmission Revenues | 368.3 |  |  | 334.7 |  |  | 135.1 |  |  | 325.0 |  |  | 328.8 |  |  | 126.9 |
Wholesale Market Sales Revenues | 217.6 |  |  | 73.6 |  |  | 38.4 |  |  | 423.4 |  |  | 105.6 |  |  | 49.1 |
Other Revenues from Contracts with Customers | 17.0 |  |  | 23.6 |  |  | 7.3 |  |  | 15.3 |  |  | 23.4 |  |  | 5.7 |
Amortization of Revenues Subject to Refund (1) | 1.7 |  |  | — |  |  | — |  |  | 65.6 |  |  | — |  |  | — |
Total Revenues from Contracts with Customers | 2,576.0 |  |  | 2,065.5 |  |  | 836.7 |  |  | 2,521.5 |  |  | 1,913.1 |  |  | 730.4 |
Alternative Revenue Programs | 77.3 |  |  | (14.5) |  |  | 31.5 |  |  | 93.4 |  |  | 6.1 |  |  | 16.0 |
Other Revenues | 4.7 |  |  | 4.3 |  |  | 1.7 |  |  | 0.3 |  |  | 3.6 |  |  | 1.6 |
Eliminations | (284.9) |  |  | (280.0) |  |  | (99.7) |  |  | (293.7) |  |  | (276.0) |  |  | (101.5) |
Total Operating Revenues | $ | 2,373.1 |  |  | $ | 1,775.3 |  |  | $ | 770.2 |  |  | $ | 2,321.5 |  |  | $ | 1,646.8 |  |  | $ | 646.5 |
(1) Amortization of/(Reserve for) Revenues Subject to Refund within the Electric Distribution segment in the first half 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.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration