Fully regulated, low-risk electric transmission and distribution (T&D) operations; Effective management of regulatory risk, supported by ability to earn close to or at its authorized return level; and Limited geographic diversity partially offset by a relatively large customer base. Core ratios support an intermediate financial risk profile using our most relaxed financial benchmarks; and Stable cash flows resulting from transmission formula rates and various regulatory mechanisms. The outlook on Connecticut Light&Power Co. (CL&P) reflects S&P Global Ratings' outlook on CL&P's parent, Eversource Energy. The stable outlook on Eversource and its subsidiaries reflects the company's improved business risk profile benefiting from fully regulated T&D operations and our expectation the company will efficiently manage regulatory risk and maintain financial measures
