Standard&Poor's Ratings Services' ratings on Connecticut Light&Power Co. (CL&P) are based on the credit profile of its parent, Northeast Utilities (NW). The main subsidiaries of NU include NSTAR LLC, NSTAR Electric Co., NSTAR Gas Co., CL&P, Public Service Co. of New Hampshire (PSNH), Western Massachusetts Electric Co. (WMECO), and Yankee Gas Services Co. The ratings on NU reflect an "excellent" business risk profile and a "significant" financial risk profile under our criteria. On April 10, 2012, NU and energy holding company NSTAR completed their merger in an all-stock transaction. NSTAR was renamed NSTAR LLC, and ceases to exist. As the surviving entity, NSTAR LLC has assumed all obligations under the senior unsecured notes that were previously
