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v3.23.3

REVENUES (Tables) | 9 Months Ended
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Sep. 30, 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 September 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 | $ | 1,375.9 |  |  | $ | 83.0 |  |  | $ | — |  |  | $ | 44.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,503.6 |
Commercial | 764.1 |  |  | 33.7 |  |  | — |  |  | 19.6 |  |  | — |  |  | (1.1) |  |  | 816.3 |
Industrial | 94.5 |  |  | 30.2 |  |  | — |  |  | 1.2 |  |  | — |  |  | (4.8) |  |  | 121.1 |
Total Retail Tariff Sales Revenues | 2,234.5 |  |  | 146.9 |  |  | — |  |  | 65.5 |  |  | — |  |  | (5.9) |  |  | 2,441.0 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 520.2 |  |  | — |  |  | — |  |  | (386.6) |  |  | 133.6 |
Wholesale Market Sales Revenues | 154.9 |  |  | 71.6 |  |  | — |  |  | 1.1 |  |  | — |  |  | — |  |  | 227.6 |
Other Revenues from Contracts with Customers | 20.9 |  |  | 1.3 |  |  | 4.8 |  |  | 2.0 |  |  | 394.7 |  |  | (392.4) |  |  | 31.3 |
Total Revenues from Contracts with Customers | 2,410.3 |  |  | 219.8 |  |  | 525.0 |  |  | 68.6 |  |  | 394.7 |  |  | (784.9) |  |  | 2,833.5 |
Alternative Revenue Programs | (43.8) |  |  | (2.4) |  |  | (33.6) |  |  | (0.3) |  |  | — |  |  | 31.9 |  |  | (48.2) |
Other Revenues | 4.8 |  |  | 0.9 |  |  | 0.2 |  |  | 0.3 |  |  | — |  |  | — |  |  | 6.2 |
Total Operating Revenues | $ | 2,371.3 |  |  | $ | 218.3 |  |  | $ | 491.6 |  |  | $ | 68.6 |  |  | $ | 394.7 |  |  | $ | (753.0) |  |  | $ | 2,791.5 |
| For the Nine Months Ended September 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 | $ | 3,982.1 |  |  | $ | 858.0 |  |  | $ | — |  |  | $ | 112.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,952.7 |
Commercial | 2,244.7 |  |  | 483.6 |  |  | — |  |  | 53.2 |  |  | — |  |  | (3.4) |  |  | 2,778.1 |
Industrial | 268.5 |  |  | 141.7 |  |  | — |  |  | 3.4 |  |  | — |  |  | (14.6) |  |  | 399.0 |
Total Retail Tariff Sales Revenues | 6,495.3 |  |  | 1,483.3 |  |  | — |  |  | 169.2 |  |  | — |  |  | (18.0) |  |  | 8,129.8 |
Wholesale Transmission Revenues | — |  |  | — |  |  | 1,358.2 |  |  | — |  |  | — |  |  | (1,015.6) |  |  | 342.6 |
Wholesale Market Sales Revenues | 484.4 |  |  | 160.5 |  |  | — |  |  | 2.9 |  |  | — |  |  | — |  |  | 647.8 |
Other Revenues from Contracts with Customers | 60.1 |  |  | 3.9 |  |  | 14.1 |  |  | 6.1 |  |  | 1,217.3 |  |  | (1,210.7) |  |  | 90.8 |
Total Revenues from Contracts with Customers | 7,039.8 |  |  | 1,647.7 |  |  | 1,372.3 |  |  | 178.2 |  |  | 1,217.3 |  |  | (2,244.3) |  |  | 9,211.0 |
Alternative Revenue Programs | (40.7) |  |  | 21.9 |  |  | 57.6 |  |  | (2.0) |  |  | — |  |  | (50.8) |  |  | (14.0) |
Other Revenues | 15.2 |  |  | 3.0 |  |  | 0.5 |  |  | 0.8 |  |  | — |  |  | — |  |  | 19.5 |
Total Operating Revenues | $ | 7,014.3 |  |  | $ | 1,672.6 |  |  | $ | 1,430.4 |  |  | $ | 177.0 |  |  | $ | 1,217.3 |  |  | $ | (2,295.1) |  |  | $ | 9,216.5 |
| 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 | 2.4 |  |  | 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 | 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, 2023 |  | For the Three Months Ended September 30, 2022
(Millions of Dollars) | CL&P |  | NSTAR Electric |  | PSNH |  | CL&P |  | NSTAR Electric |  | PSNH
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 703.9 |  |  | $ | 480.5 |  |  | $ | 191.5 |  |  | $ | 739.1 |  |  | $ | 507.6 |  |  | $ | 246.2 |
Commercial | 286.4 |  |  | 389.4 |  |  | 88.7 |  |  | 311.2 |  |  | 469.6 |  |  | 110.4 |
Industrial | 39.0 |  |  | 31.9 |  |  | 23.6 |  |  | 41.9 |  |  | 39.3 |  |  | 24.4 |
Total Retail Tariff Sales Revenues | 1,029.3 |  |  | 901.8 |  |  | 303.8 |  |  | 1,092.2 |  |  | 1,016.5 |  |  | 381.0 |
Wholesale Transmission Revenues | 245.1 |  |  | 186.4 |  |  | 88.7 |  |  | 250.3 |  |  | 183.8 |  |  | 86.2 |
Wholesale Market Sales Revenues | 112.8 |  |  | 28.6 |  |  | 13.5 |  |  | 232.9 |  |  | 57.5 |  |  | 26.7 |
Other Revenues from Contracts with Customers | 7.7 |  |  | 12.4 |  |  | 5.0 |  |  | 7.5 |  |  | 10.7 |  |  | 3.1 |
Amortization of Revenues Subject to Refund (1) | 1.3 |  |  | — |  |  | — |  |  | 7.0 |  |  | — |  |  | — |
Total Revenues from Contracts with Customers | 1,396.2 |  |  | 1,129.2 |  |  | 411.0 |  |  | 1,589.9 |  |  | 1,268.5 |  |  | 497.0 |
Alternative Revenue Programs | (49.3) |  |  | (29.0) |  |  | 0.9 |  |  | (65.1) |  |  | (20.5) |  |  | (7.2) |
Other Revenues | 2.4 |  |  | 1.9 |  |  | 0.7 |  |  | 0.2 |  |  | 1.8 |  |  | 0.6 |
Eliminations | (159.2) |  |  | (148.6) |  |  | (59.5) |  |  | (155.9) |  |  | (144.3) |  |  | (59.8) |
Total Operating Revenues | $ | 1,190.1 |  |  | $ | 953.5 |  |  | $ | 353.1 |  |  | $ | 1,369.1 |  |  | $ | 1,105.5 |  |  | $ | 430.6 |
| For the Nine Months Ended September 30, 2023 |  | For the Nine Months Ended September 30, 2022
(Millions of Dollars) | CL&P |  | NSTAR Electric |  | PSNH |  | CL&P |  | NSTAR Electric |  | PSNH
Revenues from Contracts with Customers |  |  |  |  |  |  |  |  |  |  |
Retail Tariff Sales |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 2,059.9 |  |  | $ | 1,318.7 |  |  | $ | 603.5 |  |  | $ | 1,864.4 |  |  | $ | 1,239.0 |  |  | $ | 580.5 |
Commercial | 836.7 |  |  | 1,121.0 |  |  | 287.5 |  |  | 808.7 |  |  | 1,128.8 |  |  | 280.5 |
Industrial | 104.1 |  |  | 95.7 |  |  | 68.7 |  |  | 111.4 |  |  | 104.0 |  |  | 68.7 |
Total Retail Tariff Sales Revenues | 3,000.7 |  |  | 2,535.4 |  |  | 959.7 |  |  | 2,784.5 |  |  | 2,471.8 |  |  | 929.7 |
Wholesale Transmission Revenues | 613.3 |  |  | 521.0 |  |  | 223.9 |  |  | 575.2 |  |  | 512.7 |  |  | 213.1 |
Wholesale Market Sales Revenues | 330.4 |  |  | 102.1 |  |  | 51.9 |  |  | 656.3 |  |  | 163.1 |  |  | 75.8 |
Other Revenues from Contracts with Customers | 24.7 |  |  | 36.0 |  |  | 12.2 |  |  | 22.8 |  |  | 34.1 |  |  | 8.8 |
Amortization of Revenues Subject to Refund (1) | 3.1 |  |  | — |  |  | — |  |  | 72.6 |  |  | — |  |  | — |
Total Revenues from Contracts with Customers | 3,972.2 |  |  | 3,194.5 |  |  | 1,247.7 |  |  | 4,111.4 |  |  | 3,181.7 |  |  | 1,227.4 |
Alternative Revenue Programs | 28.0 |  |  | (43.5) |  |  | 32.4 |  |  | 28.3 |  |  | (14.4) |  |  | 8.8 |
Other Revenues | 7.1 |  |  | 6.3 |  |  | 2.3 |  |  | 0.5 |  |  | 5.4 |  |  | 2.1 |
Eliminations | (444.1) |  |  | (428.5) |  |  | (159.1) |  |  | (449.6) |  |  | (420.4) |  |  | (161.2) |
Total Operating Revenues | $ | 3,563.2 |  |  | $ | 2,728.8 |  |  | $ | 1,123.3 |  |  | $ | 3,690.6 |  |  | $ | 2,752.3 |  |  | $ | 1,077.1 |
(1) Amortization of/(Reserve for) Revenues Subject to Refund within the Electric Distribution segment in the third quarter and the 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.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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