ADDED
For information regarding the sale status of Aquarion, regulatory denial and subsequent appeal, see "Business Development and Capital Expenditures Aquarion Sale Status and Regulatory Denial" in the accompanying Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations .
As of December 31, 2025, CL P furnished retail franchise electric service to approximately 1.32 million customers in 157 cities and towns in Connecticut.
3 CL P is required by both state legislation and regulation to purchase electric generation from Millstone and Seabrook under PURA-approved PPAs entered in 2019.
The net cost or net sales amount is recovered from, or refunded to, customers in the non-bypassable component of the FMCC rate.
During 2025, CL P supplied approximately 50 percent of its customer load at SS or LRS rates while the other 50 percent of its customer load had migrated to competitive energy suppliers.
For the second half of 2026, CL P has 60 percent of its SS load under full requirements supply contracts and intends to purchase an additional 40 percent of full requirements.
CL P obtained a full requirements supply contract 4 for its LRS load through March 2026 and intends to purchase 100 percent of full requirements for LRS for the remainder of 2026.
During 2025, NSTAR Electric supplied approximately 12 percent of its overall customer load at basic service rates.
As of December 31, 2025, PSNH furnished retail franchise electric service to approximately 549,000 retail customers in 206 cities and towns in New Hampshire.
A Regulatory Reconciliation Adjustment (RRA) that reconciles the difference between certain estimated and actual costs included in base distribution rates, including costs related to regulatory assessments, property tax expenses, the New Start Arrearage Forgiveness Program, and unrecovered storm costs in excess of the Major Storm Cost Reserve, once approved.
REMOVED
FMCC Federally Mandated Congestion Charge GAAP Accounting principles generally accepted in the United States of America GSEP Gas System Enhancement Program i GWh Gigawatt-Hours IPP Independent Power Producers ISO-NE Tariff ISO-NE FERC Transmission, Markets and Services Tariff kV Kilovolt kVa Kilovolt-ampere kW Kilowatt (equal to one thousand watts) LNG Liquefied natural gas LPG Liquefied petroleum gas LRS Supplier of last resort service MG Million gallons MGP Manufactured Gas Plant MMBtu Million British thermal units MMcf Million cubic feet Moody's Moody's Investors Services, Inc.
Other risk factors are detailed in our reports filed with the SEC and are updated as necessary and available on our website at www.eversource.com and on the SEC s website at www.sec.gov, and we encourage you to consult such disclosures.
Eversource is currently in the process of selling its Aquarion water distribution business.
For further information, see "Business Development and Capital Expenditures Pending Sale of Aquarion" in the accompanying Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations .
For more information, see "Business Development and Capital Expenditures Offshore Wind Business" in the accompanying Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations .
As of December 31, 2024, CL P furnished retail franchise electric service to approximately 1.30 million customers in 157 cities and towns in Connecticut.
CL P is required by regulation to purchase electric generation from Millstone and Seabrook under PURA-approved PPAs entered into in 2019.
The net cost or net sales amount is recovered from, or refunded to, customers in the non-bypassable component of the FMCC rate with no company profit.
Distribution Rate Case and Settlement Agreement : CL P's distribution rates were established in an April 2018 PURA-approved rate case settlement agreement with rates effective May 1, 2018, and incremental step adjustments effective May 1, 2019 and May 1, 2020.
During 2024, CL P supplied approximately 45 percent of its customer load at SS or LRS rates while the other 55 percent of its customer load had migrated to competitive energy suppliers.