Eversource 2010 Annual Report Download - page 139

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122
Item 8A. 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, PSNH or WMECO.
Item 8B. Controls and Procedures
Management, on behalf of NU, CL&P, 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, CL&P,
PSNH and WMECO’s internal controls over financial reporting were audited by Deloitte & Touche LLP.
Management, on behalf of NU, CL&P, 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 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, PSNH and WMECO were effective as of
December 31, 2010.
Management, on behalf of NU, CL&P, PSNH and WMECO, undertook a separate evaluation of the design and operation of disclosure
controls and procedures 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 forms 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 report on Form 10-K. The principal executive officers and principal financial officer have
concluded, based on their review, that the disclosure controls and procedures of NU, CL&P, 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 forms 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 disclosure.
There have been no changes in internal controls over financial reporting for NU, CL&P, PSNH and WMECO during the quarter ended
December 31, 2010 that have materially affected, or are reasonably likely to materially affect, internal controls over financial reporting.
Item 9. Other Information
No information is required to be disclosed under this item as of December 31, 2010, as this information has been previously disclosed
in applicable reports on Form 8-K during the fourth quarter of 2010.