72741--2/27/2009--CONNECTICUT_LIGHT_&_POWER

related topics

{regulation, change, law}

{condition, economic, financial}

{cost, contract, operation}

{operation, natural, condition}

{debt, indebtedness, cash}

{interest, director, officer}

{personnel, key, retain}

{gas, price, oil}

{cost, regulation, environmental}

{financial, litigation, operation}

The infrastructure of our transmission and distribution system may not operate as expected, and could require additional unplanned expense which could adversely affect our earnings. The global financial crisis may have impacts on our business and financial condition that we currently cannot predict. Changes in regulatory or legislative policy, difficulties in obtaining siting, design or other approvals, global demand for critical resources, or environmental or other concerns, or construction of new generation may delay completion of or displace our transmission projects or adversely affect our ability to recover our investments or result in lower than expected rates of return. Increases in electric and gas prices, the continued economic slowdown and focus on conservation and self-generation by customers and changes in legislative and regulatory policy may adversely impact our business. Changes in regulatory policy may adversely affect our transmission franchise rights or facilitate competition for construction of large-scale transmission projects, which could adversely affect our earnings. Changes in regulatory and/or legislative policy could negatively impact regional transmission cost allocation rules. Changes in regulatory or legislative policy could jeopardize our full recovery of costs incurred by our distribution companies. Judicial or regulatory proceedings or changes in regulatory or legislative policy could jeopardize completion of, or full recovery of costs incurred by PSNH in constructing, the Clean Air Project. The loss of key personnel or the inability to hire and retain qualified employees could have an adverse effect on our business, financial condition and results of operations. Grid disturbances, severe weather, or acts of war or terrorism could negatively impact our business. A negative change in NU's credit ratings could require NU parent to post cash collateral and affect our ability to obtain financing. Changes in wholesale electric sales could require Select Energy to acquire or sell additional electricity on unfavorable terms. Costs of compliance with environmental regulations may increase and have an adverse effect on our business and results of operations. We are subject to legal proceedings which could result in large cash obligations.

Full 10-K form ▸

72741--2/27/2009--CONNECTICUT_LIGHT_&_POWER_CO