The 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 utility subsidiaries and the increasing contribution of its transmission investments. Un-regulated operations are not material to the consolidated credit profile and the company has no plans to expand them. CL&P is NU's largest operating subsidiary, contributing about 60% of revenues and assets, and delivering electricity to about 1.2 million customers in Connecticut. CL&P has an 'excellent' business risk profile. The customer base is mostly residential and commercial with these customers contributing 81% of revenues and 76% of sales in 2009. While the customer base is
