REGULATORY ACCOUNTING (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | $ 4,726,400 | $ 4,726,600 |
Regulatory Assets Current | 709,660 | 672,493 |
Regulatory Assets Long Term | 4,016,684 | 4,054,086 |
Regulatory Assets And Liabilities Other Disclosures Abstract | | |
Amount of Regulatory Costs Not yet Approved | $ 60,800 | 60,500 |
Public Utilities Disclosure Of Regulatory Matters | 2015 Regulatory Developments: FERC ROE Complaints: As a result of the March 3, 2015 FERC order in the pending ROE complaint proceedings described in Note 8C, "Commitments and Contingencies – FERC ROE Complaints," in 2015, Eversource recognized a pre-tax charge to earnings (excluding interest) of $20 million, of which $12.5 million was recorded at CL&P, $2.4 million at NSTAR Electric, $1 million at PSNH, and $4.1 million at WMECO. The pre-tax charge was recorded as a regulatory liability and as a reduction to Operating Revenues.
NSTAR Electric and NSTAR Gas 2014 Comprehensive Settlement Agreement: On March 2, 2015, the DPU approved the comprehensive settlement agreement between NSTAR Electric, NSTAR Gas and the Massachusetts Attorney General (the "Settlement") as filed with the DPU on December 31, 2014. The Settlement resolved the outstanding NSTAR Electric CPSL program filings for 2006 through 2011, the NSTAR Electric and NSTAR Gas PAM and energy efficiency-related customer billing adjustments reported in 2012, and the recovery of LBR related to NSTAR Electric's energy efficiency programs for 2009 through 2011 (11 dockets in total). In 2015, as a result of the DPU order, NSTAR Electric and NSTAR Gas commenced refunding a combined $44.7 million to customers, which was recorded as a regulatory liability. NSTAR Electric recognized a $21.7 million pre-tax benefit in the first half of 2015 as a result of the approval of the Settlement.
NSTAR Electric Basic Service Bad Debt Adder: On January 7, 2015, the DPU issued an order concluding that NSTAR Electric had removed energy-related bad debt costs from base distribution rates effective January 1, 2006. The DPU ordered NSTAR Electric and the Massachusetts Attorney General to collaborate on the reconciliations of energy-related bad debt costs through 2014. As a result of the DPU order, NSTAR Electric increased its regulatory assets and reduced operations and maintenance expense by $24.2 million in the first quarter, resulting in after-tax earnings of $14.5 million. On May 5, 2015, NSTAR Electric filed for recovery of the energy-related bad debt costs regulatory asset from customers beginning July 1, 2015. On June 24, 2015, the DPU delayed the effective date of NSTAR Electric’s proposed rate increase from July 1, 2015 to November 1, 2015 to allow for the DPU staff to review the reconciliations. The established procedural schedule is expected to result in an approval of the proposed rate increase in the fourth quarter of 2015.
CL&P Distribution Rates: On December 17, 2014, PURA granted a re-opener request to CL&P’s base distribution rate application for further review of the appropriate balance of ADIT utilized in the calculation of rate base. On July 2, 2015, PURA issued a final order that approved a settlement agreement filed on May 19, 2015 between CL&P and the PURA Prosecutorial Staff. The order allows for an increase to rate base of approximately $166 million associated with ADIT, including a regulatory asset to recover the incremental revenue requirement for the period December 1, 2014 through November 30, 2015 over a subsequent two-year period. The rate base increase provided an increase to total allowed annual revenue requirements of $18.4 million beginning December 1, 2014. Of that amount, $10.7 million has been recorded as a regulatory asset in June 2015, with a corresponding increase in Operating Revenues. The remaining $7.7 million will be recorded from July 2015 through November 2015. The aggregate amount will be collected from customers in rates over a 24-month period commencing on December 1, 2015. | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | $ 719,300 | 750,100 |
Regulatory Liability Current | 208,510 | 235,022 |
Regulatory Liabilities Long-Term | 510,807 | 515,144 |
The Connecticut Light And Power Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 1,725,200 | 1,695,800 |
Regulatory Assets Current | 263,713 | 220,344 |
Regulatory Assets Long Term | 1,461,483 | 1,475,508 |
Regulatory Assets And Liabilities Other Disclosures Abstract | | |
Amount of Regulatory Costs Not yet Approved | 1,900 | 1,300 |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 193,800 | 206,000 |
Regulatory Liability Current | 122,617 | 124,722 |
Regulatory Liabilities Long-Term | 71,245 | 81,298 |
NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 1,456,700 | 1,377,800 |
Regulatory Assets Current | 258,489 | 198,710 |
Regulatory Assets Long Term | 1,198,167 | 1,179,100 |
Regulatory Assets And Liabilities Other Disclosures Abstract | | |
Amount of Regulatory Costs Not yet Approved | 21,900 | 33,200 |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 271,600 | 312,300 |
Regulatory Liability Current | 5,007 | 49,611 |
Regulatory Liabilities Long-Term | 266,572 | 262,738 |
Public Service Company Of New Hampshire [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 371,000 | 404,800 |
Regulatory Assets Current | 88,773 | 111,705 |
Regulatory Assets Long Term | 282,215 | 293,115 |
Regulatory Assets And Liabilities Other Disclosures Abstract | | |
Amount of Regulatory Costs Not yet Approved | 2,000 | 900 |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 55,900 | 67,400 |
Regulatory Liability Current | 5,602 | 16,044 |
Regulatory Liabilities Long-Term | 50,250 | 51,372 |
Western Massachusetts Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 193,000 | 198,200 |
Regulatory Assets Current | 54,926 | 51,923 |
Regulatory Assets Long Term | 138,138 | 146,307 |
Regulatory Assets And Liabilities Other Disclosures Abstract | | |
Amount of Regulatory Costs Not yet Approved | 15,400 | 11,000 |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 29,700 | 33,300 |
Regulatory Liability Current | 16,847 | 22,486 |
Regulatory Liabilities Long-Term | 12,921 | 10,835 |
Cost Of Removal [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 434,900 | 439,900 |
Cost Of Removal [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 13,500 | 19,700 |
Cost Of Removal [Member] | NSTAR Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 261,500 | 258,300 |
Cost Of Removal [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 49,100 | 50,300 |
Cost Of Removal [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 2,800 | 1,100 |
Regulatory Tracker Deferrals Regulatory Liabilities [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 198,000 | 192,300 |
Regulatory Tracker Deferrals Regulatory Liabilities [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 115,600 | 122,600 |
Regulatory Tracker Deferrals Regulatory Liabilities [Member] | NSTAR Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 2,900 | 20,700 |
Regulatory Tracker Deferrals Regulatory Liabilities [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 4,800 | 14,200 |
Regulatory Tracker Deferrals Regulatory Liabilities [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 17,000 | 22,300 |
AFUDC Transmission Incentive [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 66,200 | 67,100 |
AFUDC Transmission Incentive [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 52,200 | 53,600 |
AFUDC Transmission Incentive [Member] | NSTAR Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 5,000 | 4,400 |
AFUDC Transmission Incentive [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 9,000 | 9,100 |
Other Regulatory Liabilities [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 20,200 | 50,800 |
Other Regulatory Liabilities [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 12,500 | 10,100 |
Other Regulatory Liabilities [Member] | NSTAR Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 2,200 | 28,900 |
Other Regulatory Liabilities [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 2,000 | 2,900 |
Other Regulatory Liabilities [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Liabilities [Line Items] | | |
Regulatory Liabilities, Total | 900 | 800 |
Benefit Costs [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 1,980,000 | 2,016,000 |
Benefit Costs [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 443,300 | 445,400 |
Benefit Costs [Member] | NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 496,100 | 515,900 |
Benefit Costs [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 175,100 | 174,300 |
Benefit Costs [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 85,900 | 85,000 |
Regulatory Assets Offsetting Derivative Liabilities [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 423,700 | 425,500 |
Regulatory Assets Offsetting Derivative Liabilities [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 420,200 | 410,900 |
Regulatory Assets Offsetting Derivative Liabilities [Member] | NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 2,200 | 4,500 |
Regulatory Assets Offsetting Derivative Liabilities [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 0 | 0 |
Regulatory Assets Offsetting Derivative Liabilities [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 0 | 0 |
Deferred Income Tax Charges Member | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 631,500 | 635,300 |
Deferred Income Tax Charges Member | The Connecticut Light And Power Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 438,900 | 437,700 |
Deferred Income Tax Charges Member | NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 84,000 | 83,700 |
Deferred Income Tax Charges Member | Public Service Company Of New Hampshire [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 34,800 | 38,000 |
Deferred Income Tax Charges Member | Western Massachusetts Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 30,700 | 35,500 |
Storm Restoration Costs [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 484,300 | 502,800 |
Storm Restoration Costs [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 298,400 | 319,600 |
Storm Restoration Costs [Member] | NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 117,100 | 103,700 |
Storm Restoration Costs [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 41,100 | 47,700 |
Storm Restoration Costs [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 27,700 | 31,800 |
Goodwill Regulatory Asset [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 495,100 | 505,400 |
Goodwill Regulatory Asset [Member] | NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 425,100 | 433,900 |
Regulatory Tracker Deferrals Regulatory Assets [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 430,700 | 350,500 |
Regulatory Tracker Deferrals Regulatory Assets [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 44,800 | 16,100 |
Regulatory Tracker Deferrals Regulatory Assets [Member] | NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 255,000 | 141,400 |
Regulatory Tracker Deferrals Regulatory Assets [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 84,300 | 103,500 |
Regulatory Tracker Deferrals Regulatory Assets [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 36,000 | 33,000 |
Unrecovered Contractual Obligations [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 124,800 | 123,800 |
Other Regulatory Assets [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 156,300 | 167,300 |
Other Regulatory Assets [Member] | The Connecticut Light And Power Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 79,600 | 66,100 |
Other Regulatory Assets [Member] | NSTAR Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 77,200 | 94,700 |
Other Regulatory Assets [Member] | Public Service Company Of New Hampshire [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | 35,700 | 41,300 |
Other Regulatory Assets [Member] | Western Massachusetts Electric Company [Member] | | |
Regulatory Asset [Line Items] | | |
Regulatory Assets, Total | $ 12,700 | $ 12,900 |