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116
B.
Long-Term Contractual Arrangements
Estimated Future Annual Costs: The estimated future annual costs of significant long-term contractual arrangements as of
December 31, 2012 are as follows:
NU
(Millions of Dollars)
2013
2014
2015
2016
2017
Thereafter
Total
Supply and Stranded Cost
$
270.3
$
228.5
$
209.6
$
182.1
$
143.5
$
576.7
$
1,610.7
Renewable Energy
95.2
184.3
185.5
160.2
161.6
1,800.4
2,587.2
Peaker CfDs
75.2
72.6
66.5
63.2
66.5
292.0
636.0
Natural Gas Procurement
138.6
125.5
80.3
69.9
39.0
154.7
608.0
Coal, Wood and Other
110.7
46.3
5.5
5.0
5.0
21.8
194.3
Transmission Support Commitments 27.7
26.7
25.4
21.5
17.3
51.9
170.5
Total $ 717.7
$ 683.9
$ 572.8
$ 501.9
$ 432.9
$ 2,897.5
$ 5,806.7
CL&P
(Millions of Dollars)
2013
2014
2015
2016
2017
Thereafter
Total
Supply and Stranded Cost
$
169.4
$
149.7
$
145.4
$
147.8
$
119.8
$
502.8
$
1,234.9
Renewable Energy
4.2
30.5
30.7
30.9
31.1
356.1
483.5
Peaker CfDs
75.2
72.6
66.5
63.2
66.5
292.0
636.0
Transmission Support Commitments
10.9
10.5
10.0
8.5
6.8
20.4
67.1
Yankee Billings
19.2
18.8
16.1
-
-
-
54.1
Total
$
278.9
$
282.1
$
268.7
$
250.4
$
224.2
$
1,171.3
$
2,475.6
NSTAR Electric
(Millions of Dollars)
2013
2014
2015
2016
2017
Thereafter
Total
Supply and Stranded Cost
$
32.0
$
36.4
$
36.3
$
16.0
$
5.6
$
42.6
$
168.9
Renewable Energy
85.6
84.8
84.9
48.9
48.9
251.8
604.9
Transmission Support Commitments 8.6
8.3
7.9
6.7
5.4
16.2
53.1
Yankee Billings
8.2
8.3
6.6
-
-
-
23.1
Total
$
134.4
$
137.8
$
135.7
$
71.6
$
59.9
$
310.6
$
850.0
PSNH
(Millions of Dollars)
2013
2014
2015
2016
2017
Thereafter
Total
Supply and Stranded Cost
$
68.9
$
42.4
$
27.9
$
18.3
$
18.1
$
31.3
$
206.9
Renewable Energy
5.0
59.8
60.6
70.9
71.9
1,081.9
1,350.1
Coal, Wood and Other
110.7
46.3
5.5
5.0
5.0
21.8
194.3
Transmission Support Commitments
5.9
5.7
5.4
4.5
3.7
11.0
36.2
Yankee Billings
3.6
3.3
2.3
-
-
-
9.2
Total
$
194.1
$
157.5
$
101.7
$
98.7
$
98.7
$
1,146.0
$
1,796.7
WMECO
(Millions of Dollars)
2013
2014
2015
2016
2017
Thereafter
Total
Renewable Energy $ 0.4
$ 9.2
$ 9.3
$ 9.5
$ 9.7
$ 110.6
$ 148.7
Transmission Support Commitments
2.3
2.2
2.1
1.8
1.4
4.3
14.1
Yankee Billings
5.3
5.2
4.4
-
-
-
14.9
Total
$
8.0
$
16.6
$
15.8
$
11.3
$
11.1
$
114.9
$
177.7
Supply and Stranded Cost: CL&P, NSTAR Electric, PSNH and WMECO have various IPP contracts or purchase obligations for
electricity, including payment obligations resulting from the buydown of electricity purchase contracts. Such contracts extend through
2024 for CL&P, 2030 for NSTAR Electric and 2023 for PSNH.
In addition, CL&P and UI have entered into four CfDs for a total of approximately 787 MW of capacity consisting of three generation
projects and one demand response project. The capacity CfDs extend through 2026 and obligate the utilities to pay the difference
between a set price and the value that the projects receive in the ISO-NE markets. The contracts have terms of up to 15 years
beginning in 2009 and are subject to a sharing agreement with UI, whereby UI will share 20 percent of the costs and benefits of these
contracts. CL&P's portion of the costs and benefits of these contracts will be paid by or refunded to CL&P's customers. The amounts
of these payments are subject to changes in capacity and forward reserve prices that the projects receive in the ISO-NE capacity
markets.
The contractual obligations table does not include CL&P's SS or LRS, or NSTAR Electric’s or WMECO’s default service contracts, the
amounts of which vary with customers' energy needs. The contractual obligations table also does not include PSNH's short-term power
supply management.
Renewable Energy: Renewable energy contracts include non-cancellable commitments under contracts of CL&P, NSTAR Electric,
PSNH, and WMECO for the purchase of energy and capacity from renewable energy facilities. Such contracts have terms extending
for 15 years at CL&P, up to 40 years at NSTAR Electric, up to 30 years for PSNH and 15 years for WMECO.
The table above does not include NSTAR Electric’s commitment to purchase 129MW of renewable energy from a wind facility to be
constructed offshore and certain other CL&P and NSTAR Electric commitments for the purchase of renewable energy and related
products that are contingent on the future construction of facilities.