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COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS | COMMON SHARES The following table sets forth the Eversource parent common shares and the shares of common stock of CL&P, NSTAR Electric and PSNH that were authorized and issued, as well as the respective per share par values:
| Shares
|  |  | Authorized as of |  | Issued as of
| Par Value |  | September 30, 2023 |  | December 31, 2022 |  | September 30, 2023 |  | December 31, 2022
Eversource | $ | 5 |  |  | 410,000,000 |  |  | 380,000,000 |  |  | 359,984,073 |  |  | 359,984,073 |
CL&P | $ | 10 |  |  | 24,500,000 |  |  | 24,500,000 |  |  | 6,035,205 |  |  | 6,035,205 |
NSTAR Electric | $ | 1 |  |  | 100,000,000 |  |  | 100,000,000 |  |  | 200 |  |  | 200 |
PSNH | $ | 1 |  |  | 100,000,000 |  |  | 100,000,000 |  |  | 301 |  |  | 301 |
Treasury Shares: As of September 30, 2023 and December 31, 2022, there were 10,708,298 and 11,540,218 Eversource common shares held as treasury shares, respectively. As of September 30, 2023 and December 31, 2022, there were 349,275,775 and 348,443,855 Eversource common shares outstanding, respectively. Eversource issues treasury shares to satisfy awards under the Company's incentive plans, shares issued under the dividend reinvestment and share purchase plan, and matching contributions under the Eversource 401k Plan. Eversource also issued treasury shares for its October 2022 water business acquisition. The issuance of treasury shares represents a non-cash transaction, as the treasury shares were used to fulfill Eversource's obligations that require the issuance of common shares. On May 3, 2023, shareholders voted to increase the authorized common shares from 380,000,000 shares to 410,000,000 shares. COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTSDividends on the preferred stock of CL&P and NSTAR Electric totaled $1.9 million for each of the three months ended September 30, 2023 and 2022 and $5.6 million for each of the nine months ended September 30, 2023 and 2022. These dividends were presented as Net Income Attributable to Noncontrolling Interests on the Eversource statements of income. Noncontrolling Interest – Preferred Stock of Subsidiaries on the Eversource balance sheets totaled $155.6 million as of September 30, 2023 and December 31, 2022. On the Eversource balance sheets, Common Shareholders' Equity was fully attributable to Eversource parent and Noncontrolling Interest – Preferred Stock of Subsidiaries was fully attributable to the noncontrolling interest.

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