Fully regulated, low-risk electric transmission and distribution (T&D) operations. Effective management of regulatory risk, supported by the ability to earn close to or at its authorized return level. 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. 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 parent Eversource Energy. The stable outlook on Eversource and its subsidiaries reflects its improved business risk profile that benefits from fully regulated T&D operations and our expectation that the company will efficiently manage regulatory risk and maintain financial measures
