Eversource 2015 Annual Report Download - page 115

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103
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 Eversource, CL&P, NSTAR Electric, PSNH or WMECO.
Item 9A. Controls and Procedures
Management, on behalf of Eversource, 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.
Eversource’s internal controls over financial reporting were audited by Deloitte & Touche LLP.
Management, on behalf of Eversource, 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 officer 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 (2013) 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 Eversource, CL&P, NSTAR Electric, PSNH and WMECO were effective as of December 31, 2015.
Management, on behalf of Eversource, CL&P, NSTAR Electric, PSNH and WMECO, evaluated the design and operation of the disclosure controls
and procedures as of December 31, 2015 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 officer 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 officer and principal financial officer
have concluded, based on their review, that the disclosure controls and procedures of Eversource, 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 officer 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 Eversource, CL&P, NSTAR Electric, PSNH and WMECO during the
quarter ended December 31, 2015 that have materially affected, or are reasonably likely to materially affect, internal controls over financial reporting.
Item 9B. Other Information
No information is required to be disclosed under this item as of December 31, 2015, as this information has been previously disclosed in applicable
reports on Form 8-K during the fourth quarter of 2015.