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1
NORTHEAST UTILITIES AND SUBSIDIARIES
THE CONNECTICUT LIGHT AND POWER COMPANY
NSTAR ELECTRIC COMPANY AND SUBSIDIARY
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARY
WESTERN MASSACHUSETTS ELECTRIC COMPANY
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995
References in this Annual Report on Form 10-K to "NU," "we," "our," and "us" refer to Northeast Utilities and its consolidated
subsidiaries, including NSTAR and its subsidiaries for periods after April 10, 2012.
From time to time we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, assumptions of future
events, future financial performance or growth and other statements that are not historical facts. These statements are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify our forward-looking
statements through the use of words or phrases such as "estimate," "expect," "anticipate," "intend," "plan," "project," "believe,"
"forecast," "should," "could," and other similar expressions. Forward-looking statements are based on the current expectations,
estimates, assumptions or projections of management and are not guarantees of future performance. These expectations, estimates,
assumptions or projections may vary materially from actual results. Accordingly, any such statements are qualified in their entirety by
reference to, and are accompanied by, the following important factors that could cause our actual results to differ materially from those
contained in our forward-looking statements, including, but not limited to:
• cyber breaches, acts of war or terrorism, or grid disturbances,
• the possibility that expected merger synergies will not be realized or will not be realized within the expected time period,
• actions or inaction of local, state and federal regulatory and taxing bodies,
• changes in business and economic conditions, including their impact on interest rates, bad debt expense, and demand for our
products and services,
• fluctuations in weather patterns,
• changes in laws, regulations or regulatory policy,
• changes in levels or timing of capital expenditures,
• disruptions in the capital markets or other events that make our access to necessary capital more difficult or costly,
• developments in legal or public policy doctrines,
• technological developments,
• changes in accounting standards and financial reporting regulations,
• actions of rating agencies, and
• other presently unknown or unforeseen factors.
Other risk factors are detailed in our reports filed with the SEC and updated as necessary, and we encourage you to consult such
disclosures.
All such factors are difficult to predict, contain uncertainties that may materially affect our actual results and are beyond our control.
You should not place undue reliance on the forward-looking statements, each speaks only as of the date on which such statement is
made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after
the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time
and it is not possible for us to predict all of such factors, nor can we assess the impact of each such factor on the business or the extent
to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking
statements. For more information, see Item 1A, Risk Factors, included in this combined Annual Report on Form 10-K. This Annual
Report on Form 10-K also describes material contingencies and critical accounting policies in the accompanying Management’s
Discussion and Analysis and Combined Notes to Consolidated Financial Statements. We encourage you to review these items.