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v3.23.2

REGULATORY ACCOUNTING (Tables) | 6 Months Ended
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Jun. 30, 2023
Regulated Operations [Abstract] |
Components of Regulatory Assets | The components of regulatory assets were as follows:
| As of June 30, 2023 |  | As of December 31, 2022
(Millions of Dollars) | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH |  | Eversource |  | CL&P |  | NSTAR Electric |  | PSNH
Storm Costs, Net | $ | 1,680.7 |  |  | $ | 875.2 |  |  | $ | 552.9 |  |  | $ | 252.6 |  |  | $ | 1,379.1 |  |  | $ | 799.3 |  |  | $ | 484.4 |  |  | $ | 95.4 |
Regulatory Tracking Mechanisms | 1,075.7 |  |  | 286.6 |  |  | 438.3 |  |  | 136.9 |  |  | 1,075.3 |  |  | 216.8 |  |  | 391.5 |  |  | 73.7 |
Benefit Costs | 873.9 |  |  | 144.1 |  |  | 282.2 |  |  | 52.3 |  |  | 921.7 |  |  | 156.7 |  |  | 299.5 |  |  | 56.6 |
Income Taxes, Net | 864.7 |  |  | 499.8 |  |  | 121.7 |  |  | 12.7 |  |  | 853.3 |  |  | 491.1 |  |  | 115.6 |  |  | 16.0 |
Securitized Stranded Costs | 414.1 |  |  | — |  |  | — |  |  | 414.1 |  |  | 435.7 |  |  | — |  |  | — |  |  | 435.7 |
Goodwill-related | 272.5 |  |  | — |  |  | 234.0 |  |  | — |  |  | 281.0 |  |  | — |  |  | 241.2 |  |  | — |
Derivative Liabilities | 152.1 |  |  | 152.1 |  |  | — |  |  | — |  |  | 181.8 |  |  | 181.8 |  |  | — |  |  | — |
Asset Retirement Obligations | 132.1 |  |  | 37.1 |  |  | 69.4 |  |  | 4.5 |  |  | 127.9 |  |  | 35.9 |  |  | 68.2 |  |  | 4.4 |
Other Regulatory Assets | 307.2 |  |  | 24.4 |  |  | 101.7 |  |  | 10.5 |  |  | 322.5 |  |  | 26.2 |  |  | 114.0 |  |  | 14.4 |
Total Regulatory Assets | 5,773.0 |  |  | 2,019.3 |  |  | 1,800.2 |  |  | 883.6 |  |  | 5,578.3 |  |  | 1,907.8 |  |  | 1,714.4 |  |  | 696.2 |
Less: Current Portion | 1,382.2 |  |  | 417.8 |  |  | 569.7 |  |  | 152.0 |  |  | 1,335.5 |  |  | 314.1 |  |  | 492.8 |  |  | 102.2 |
Total Long-Term Regulatory Assets | $ | 4,390.8 |  |  | $ | 1,601.5 |  |  | $ | 1,230.5 |  |  | $ | 731.6 |  |  | $ | 4,242.8 |  |  | $ | 1,593.7 |  |  | $ | 1,221.6 |  |  | $ | 594.0 |
Components of Regulatory Liabilities | The components of regulatory liabilities were as follows:
| As of June 30, 2023 |  | As of December 31, 2022
(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 | $ | 2,584.1 |  |  | $ | 976.5 |  |  | $ | 923.6 |  |  | $ | 343.7 |  |  | $ | 2,619.3 |  |  | $ | 983.6 |  |  | $ | 944.3 |  |  | $ | 348.6 |
Cost of Removal | 660.9 |  |  | 147.1 |  |  | 412.8 |  |  | 19.3 |  |  | 670.6 |  |  | 130.8 |  |  | 405.3 |  |  | 14.7 |
Regulatory Tracking Mechanisms | 683.7 |  |  | 215.4 |  |  | 290.7 |  |  | 77.4 |  |  | 890.8 |  |  | 361.0 |  |  | 336.1 |  |  | 155.0 |
Deferred Portion of Non-Service Income Components of Pension, SERP and PBOP | 312.7 |  |  | 42.3 |  |  | 157.8 |  |  | 32.7 |  |  | 270.9 |  |  | 34.5 |  |  | 139.7 |  |  | 28.8 |
AFUDC - Transmission | 110.2 |  |  | 51.5 |  |  | 58.7 |  |  | — |  |  | 98.2 |  |  | 48.2 |  |  | 50.0 |  |  | — |
Benefit Costs | 50.1 |  |  | 0.6 |  |  | 25.7 |  |  | — |  |  | 55.4 |  |  | 0.7 |  |  | 31.4 |  |  | — |
Other Regulatory Liabilities | 219.5 |  |  | 44.2 |  |  | 14.5 |  |  | 5.8 |  |  | 215.9 |  |  | 40.6 |  |  | 14.5 |  |  | 6.5 |
Total Regulatory Liabilities | 4,621.2 |  |  | 1,477.6 |  |  | 1,883.8 |  |  | 478.9 |  |  | 4,821.1 |  |  | 1,599.4 |  |  | 1,921.3 |  |  | 553.6 |
Less: Current Portion | 653.8 |  |  | 185.3 |  |  | 321.2 |  |  | 83.2 |  |  | 890.8 |  |  | 336.0 |  |  | 373.2 |  |  | 162.0 |
Total Long-Term Regulatory Liabilities | $ | 3,967.4 |  |  | $ | 1,292.3 |  |  | $ | 1,562.6 |  |  | $ | 395.7 |  |  | $ | 3,930.3 |  |  | $ | 1,263.4 |  |  | $ | 1,548.1 |  |  | $ | 391.6 |

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