Connecticut Light and Power Company -- Moody's: CL&P's rate case decision is credit negative but not enough to prompt any rating action

New York, December 18, 2014 -- Moody's Investors Service comments on the Connecticut Public Utilities Regulatory Authority (PURA) final decision regarding the rate case of Connecticut Light and Power Company (CL&P; Baa1 stable) dated December 17, 2014. This decision follows PURA's draft decision issued on December 1, 2014 and concludes the rate case based on test year 2015 initiated six months ago after the utility's initial filing early June 2014. PURA approved a $134.1 million increase in the utility's revenues . This equates to a 13.9% increase in distribution rates or around 61% of CL&P's sought $221.1 million base rate hike as revised in September.

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