Eversource 2013 Annual Report Download - page 132

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120
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
No events that would be described in response to this item have occurred with respect to NU, CL&P, NSTAR Electric, PSNH or
WMECO.
Item 9A. Controls and Procedures
Management, on behalf of NU, CL&P, NSTAR Electric, PSNH and WMECO, is responsible for the preparation, integrity, and fair
presentation of the accompanying Consolidated Financial Statements and other sections of this combined Annual Report on Form
10-K. NU’s internal controls over financial reporting were audited by Deloitte & Touche LLP.
Management, on behalf of NU, CL&P, NSTAR Electric, PSNH and WMECO, is responsible for establishing and maintaining adequate
internal controls over financial reporting. The internal control framework and processes have been designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with GAAP. There are inherent limitations of internal controls over financial reporting that could allow material misstatements due to
error or fraud to occur and not be prevented or detected on a timely basis by employees during the normal course of business.
Additionally, internal controls over financial reporting may become inadequate in the future due to changes in the business
environment. Under the supervision and with the participation of the principal executive officers and principal financial officer, an
evaluation of the effectiveness of internal controls over financial reporting was conducted based on criteria established in Internal
Control - Integrated Framework (1992 Framework) issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO). Based on this evaluation under the framework in COSO, management concluded that internal controls over financial reporting
at NU, CL&P, NSTAR Electric, PSNH and WMECO were effective as of December 31, 2013.
Management, on behalf of NU, CL&P, NSTAR Electric, PSNH and WMECO, evaluated the design and operation of the disclosure
controls and procedures as of December 31, 2013 to determine whether they are effective in ensuring that the disclosure of required
information is made timely and in accordance with the Securities Exchange Act of 1934 and the rules and regulations of the SEC. This
evaluation was made under management's supervision and with management's participation, including the principal executive officers
and principal financial officer as of the end of the period covered by this Annual Report on Form 10-K. There are inherent limitations of
disclosure controls and procedures, including the possibility of human error and the circumventing or overriding of the controls and
procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their
control objectives. The principal executive officers and principal financial officer have concluded, based on their review, that the
disclosure controls and procedures of NU, CL&P, NSTAR Electric, PSNH and WMECO are effective to ensure that information required
to be disclosed by us in reports filed under the Securities Exchange Act of 1934 (i) is recorded, processed, summarized, and reported
within the time periods specified in SEC rules and regulations and (ii) is accumulated and communicated to management, including the
principal executive officers and principal financial officer, as appropriate to allow timely decisions regarding required disclosures.
There have been no changes in internal controls over financial reporting for NU, CL&P, NSTAR Electric, PSNH and WMECO during the
quarter ended December 31, 2013 that have materially affected, or are reasonably likely to materially affect, internal controls over
financial reporting.
On April 10, 2012, NSTAR became a direct wholly owned subsidiary of NU. NU continues to combine and consolidate systems,
operations and functions as part of ongoing integration efforts and continues to review controls pursuant to Section 404 of the
Sarbanes-Oxley Act of 2002. See Note 2, "Merger of NU and NSTAR," to the Combined Notes to the Consolidated Financial
Statements in this Annual Report on Form 10-K for additional information regarding the merger.
Item 9B. Other Information
No information is required to be disclosed under this item as of December 31, 2013, as this information has been previously disclosed
in applicable reports on Form 8-K during the fourth quarter of 2013.