A consolidated business risk profile dominated by low-operating-risk electric transmission and distribution operations; Material contributions from FERC-regulated transmission investments; Minimal competition; and Regulatory and operating diversity, with operations in three states and a combination of electric distribution and transmission operations. Regulated utilities that have historically been challenged to earn their allowed return on equity; New Hampshire electric operations that are integrated, although customers can select alternative electric supply providers; A large proposed capital spending program; and An aggressive consolidated financial profile. Standard&Poor's Ratings Services' ratings on Connecticut Light&Power Co. (CL&P) reflect the consolidated credit profile of its parent, Northeast Utilities (NU). NU's business risk profile is excellent and reflects primarily the low-operating-risk nature of its regulated
