8-KOther Events

EVERSOURCE ENERGY 8-K Report, Corporate Update (Nov 19, 2007)

Filed November 19, 2007For Securities:ES

Summary

Eversource Energy (ES), through its subsidiary The Connecticut Light and Power Company (CL&P), announced on November 19, 2007, that the Connecticut Department of Public Utility Control (DPUC) granted CL&P's request to extend the deadline for a decision on its distribution rate case. This extension allows more time for settlement discussions among CL&P, the DPUC staff, the Connecticut Attorney General, the Office of Consumer Counsel, and other involved parties. The adjusted schedule now anticipates a draft decision on January 16, 2008, followed by a final decision on January 28, 2008. This development is significant for investors as it impacts the timing of potential rate adjustments, which could affect CL&P's future revenues and profitability. Investors are advised to refer to CL&P's and Northeast Utilities' previous 10-Q filings for more detailed background on this rate case.

Key Highlights

  • 1CL&P's distribution rate case proceeding deadline has been extended by the DPUC.
  • 2The extension was requested by CL&P to facilitate settlement discussions.
  • 3Key parties involved in settlement discussions include CL&P, DPUC staff, the Connecticut Attorney General, and the Office of Consumer Counsel.
  • 4A draft decision is now expected on January 16, 2008.
  • 5A final decision is now anticipated on January 28, 2008.
  • 6The filing provides a reference to previous 10-Q filings for more comprehensive details on the rate case.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce that The Connecticut Light and Power Company (CL&P), a subsidiary of Eversource Energy, had its distribution rate case deadline extended by the Connecticut Department of Public Utility Control (DPUC). This extension is intended to allow more time for settlement discussions.

CL&P requested an extension for its rate case so that all parties involved, including CL&P, the DPUC staff, the Connecticut Attorney General, and the Office of Consumer Counsel, would have sufficient time to engage in settlement discussions regarding the rate case application.

Following the granted extension, the DPUC is now expected to issue a draft decision on January 16, 2008, and a final decision on January 28, 2008.

Investors can find more detailed information about CL&P's rate case proceeding in Northeast Utilities' and CL&P's Quarterly Reports on Form 10-Q for the periods ending June 30, 2007, and September 30, 2007, specifically within the 'Management’s Discussion and Analysis of Financial Condition and Results of Operations' section under 'Regulatory Developments and Rate Matters – Connecticut – CL&P'.