On May 26, 2006, Standard&Poor's Ratings Services assigned its 'BBB+' rating to electric transmission and distribution (T&D) utility Connecticut Light&Power Co.'s (CL&P) proposed $250 million first and refunding mortgage bonds, 2006 series A. The outlook is stable. As of March 31, 2006, CL&P has $1.2 billion of debt. The ratings on CL&P, a wholly owned subsidiary of Northeast Utilities (NU), are based on the consolidated credit profile of its parent, NU, and its affiliate companies, including Western Massachusetts Electric Co., Public Service Co. of New Hampshire, Yankee Gas Services Co., Select Energy Inc., and Northeast Generation Co. CL&P serves 1.1 million customers in Connecticut, and benefits from a fairly supportive regulatory environment, low operational risk, and
