CORRECTING and REPLACING Connecticut Regulators Approve Interstate Reliability Project

  CORRECTING and REPLACING Connecticut Regulators Approve Interstate
  Reliability Project

      Decision validates economic and environmental benefits for region

CORRECTION…by Connecticut Light & Power

Business Wire

BERLIN, Conn. -- January 8, 2013

Please replace the release with the following corrected version due to
multiple revisions.

The corrected release reads:

        CONNECTICUT REGULATORS APPROVE INTERSTATE RELIABILITY PROJECT

      Decision validates economic and environmental benefits for region

The Connecticut Siting Council (CSC) has approved the Interstate Reliability
Project, concluding that the Connecticut Light & Power Company’s (CL&P)
project is needed to address system reliability constraints in Connecticut and
the region.

This important project milestone follows extensive reliability studies
conducted by ISO-New England (ISO-NE), the Regional Transmission Operator and
system planning authority in New England. ISO-NE identified a reliability need
in southern New England and in early 2012 confirmed that the Interstate
Reliability Project is the best solution to meet that need.

In its opinion, the CSC further concluded that the project also has “economic
and environmental benefits, and improves system integration both within
Connecticut and the region as a whole.”

“The Connecticut Siting Council’s decision recognizes the importance of this
project to the future of Connecticut and the rest of New England,” said David
Boguslawski, Vice President of Transmission at Northeast Utilities, parent
company of CL&P. “In addition to improved system reliability, the Interstate
Reliability Project will provide the region’s electricity customers with the
infrastructure that is critical to a healthy economy, as well as access to
cleaner, competitively-priced energy sources.”

The project is a collaborative effort between CL&P and National Grid, a
utility company with service territories in Rhode Island and Massachusetts.
The Connecticut portion of the Interstate Reliability Project includes the
construction of a new overhead 345-kilovolt (kV) transmission line on 37 miles
of existing right-of-way from Lebanon, Connecticut, to the Rhode Island border
in Thompson, and incorporates substation enhancements.

The Rhode Island and Massachusetts portions of the project extend
approximately 38 miles through National Grid’s service areas. The siting
decisions in those states are expected later this year, with construction of
the project slated to begin shortly thereafter.

The project is also expected to bring critically-needed economic benefits to
all three southern New England states by creating hundreds of new local jobs
and generating significant new property tax revenue to towns along the project
route.

The project is scheduled to be in-service by late 2015. CL&P has notified
municipalities and nearby residents along the project route of the CSC
decision and expected timeframe for construction. The company will continue to
work closely with these customers and neighbors to keep them informed of
additional project milestones.

For additional information on the Interstate Reliability Project, please visit
www.NEEWSprojects.com, or call 1-866-99NEEWS (1-866-996-3397).

Connecticut Light & Power (CL&P), a Northeast Utilities company (NYSE: NU),
transmits and delivers electricity to 1.2 million customers in 149 cities and
towns. For more information, please visit www.cl-p.com, like us on Facebook
(facebook.com/CTLightandPower) and follow us on Twitter @CTLightandPower.

Contact:

Connecticut Light & Power
Frank Poirot, 860-665-3409
After Hours: 800-286-2000
 
Press spacebar to pause and continue. Press esc to stop.