ES · 10-Q · 2026Q3 · Full report

Income Tax Expense

EVERSOURCE ENERGY · 2026-11-06 · Importance 9 · Surprise 6

For the nine months ended September 30, 2026, income tax expense decreased $36.4 million at CL&P and $8.3 million at NSTAR Electric, and decreased $0.9 million at PSNH. CL&P’s decrease reflected lower pre-tax earnings of $18.1 million, lower state taxes of $7.1 million, and a $5.8 million decrease in return-to-provision adjustments, among other items. NSTAR Electric’s decrease included lower pre-tax earnings of $4.5 million and lower state taxes of $1.7 million; PSNH’s tax expense was affected by higher pre-tax earnings of $3.8 million and a $4.7 million decrease in return-to-provision adjustments.

Key facts

• Eversource’s income tax expense increased $247.4 million in the third quarter and $254.8 million in the first nine months of 2026.
• CL&P’s 2026 income tax expense decreased primarily due to lower pre-tax earnings of $18.1 million and lower state taxes of $7.1 million, among other items.
• NSTAR Electric’s 2026 income tax expense decreased primarily due to lower pre-tax earnings of $4.5 million and lower state taxes of $1.7 million, among other items.
• PSNH’s 2026 income tax expense decreased despite higher pre-tax earnings of $3.8 million; contributing factors included a $4.7 million decrease in return-to-provision adjustments and $1.3 million higher state taxes.