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1
NORTHEAST UTILITIES
THE CONNECTICUT LIGHT AND POWER COMPANY
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
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.
From time to time we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, assumptions of future
events, 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:
• actions or inaction by local, state and federal regulatory bodies
• changes in business and economic conditions, including their impact on interest rates, bad debt expense, and demand for our
products and services
• changes in weather patterns
• changes in laws, regulations or regulatory policy
• changes in levels and 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
• fluctuations in the value of our remaining competitive contracts
• actions of rating agencies
• The expected timing and likelihood of completion of the proposed merger with NSTAR, including the timing, receipt and terms
and conditions of any required governmental and regulatory approvals of the proposed merger that could reduce anticipated
benefits or cause the parties to abandon the merger, the diversion of management's time and attention from our ongoing
business during this time period, as well as the ability to successfully integrate the businesses, and the risk that the credit
ratings of the combined company or its subsidiaries may be different from what the companies expect 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 management to predict all of such factors, nor can it 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 and estimates in the
accompanying Management’s Discussion and Analysis and Combined Notes to Consolidated Financial Statements. We encourage
you to review these items.