The Connecticut Light and Power Company (CNLTP) 8-K Nu Reports First Quarter Results

Exhibit 99.2

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
		March 31,		December 31,
(Thousands of Dollars)		2010		2009
ASSETS
Current Assets:
Cash and Cash Equivalents	$	30,012	$	26,952
Receivables, Net		570,870		512,770
Unbilled Revenues		161,872		229,326
Fuel, Materials and Supplies		229,837		277,085
Marketable Securities		81,960		66,236
Derivative Assets		17,379		31,785
Prepayments and Other Current Assets		151,641		123,700
Total Current Assets		1,243,571		1,267,854
Property, Plant and Equipment, Net		8,957,713		8,839,965
Deferred Debits and Other Assets:
Regulatory Assets		3,207,971		3,244,931
Goodwill		287,591		287,591
Marketable Securities		41,763		54,905
Derivative Assets		153,651		189,751
Other Long-Term Assets		213,186		172,682
Total Deferred Debits and Other Assets		3,904,162		3,949,860
Total Assets	$	14,105,446	$	14,057,679
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities .

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
		March 31,		December 31,
(Thousands of Dollars)		2010		2009
LIABILITIES & CAPITALIZATION
Current Liabilities:
Notes Payable to Banks	$	100,313	$	100,313
Long-Term Debt - Current Portion		66,286		66,286
Accounts Payable		385,181		457,582
Accrued Taxes		64,236		50,246
Accrued Interest		92,879		83,763
Derivative Liabilities		44,208		37,617
Other Current Liabilities		166,138		183,605
Total Current Liabilities		919,241		979,412
Rate Reduction Bonds		375,866		442,436
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes		1,450,931		1,380,143
Accumulated Deferred Investment Tax Credits		21,466		22,145
Regulatory Liabilities		426,687		485,706
Derivative Liabilities		972,041		955,646
Accrued Pension		786,195		781,431
Other Long-Term Liabilities		822,759		823,723
Total Deferred Credits and Other Liabilities		4,480,079		4,448,794
Capitalization:
Long-Term Debt		4,588,862		4,492,935
Noncontrolling Interest in Consolidated Subsidiary:
Preferred Stock Not Subject to Mandatory Redemption		116,200		116,200
Common Shareholders' Equity:
Common Shares		978,381		977,276
Capital Surplus, Paid In		1,763,894		1,762,097
Deferred Contribution Plan		(67)		(2,944)
Retained Earnings		1,287,271		1,246,543
Accumulated Other Comprehensive Loss		(42,740)		(43,467)
Treasury Stock		(361,541)		(361,603)
Common Shareholders' Equity		3,625,198		3,577,902
Total Capitalization		8,330,260		8,187,037
Total Liabilities and Capitalization	$	14,105,446	$	14,057,679
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities .

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
		Three Months Ended March 31,
(Thousands of Dollars, Except Share Information)		2010		2009
Operating Revenues	$	1,339,420	$	1,593,483
Operating Expenses:
Fuel, Purchased and Net Interchange Power		603,349		838,920
Other Operating Expenses		248,273		247,445
Maintenance		45,637		48,836
Depreciation		78,656		76,983
Amortization of Regulatory (Liabilities)/Assets, Net		(8,327)		21,691
Amortization of Rate Reduction Bonds		59,570		55,897
Taxes Other than Income Taxes		85,599		86,429
Total Operating Expenses		1,112,757		1,376,201
Operating Income		226,663		217,282
Interest Expense:
Interest on Long-Term Debt		57,270		55,684
Interest on Rate Reduction Bonds		6,690		10,625
Other Interest		3,302		4,668
Interest Expense		67,262		70,977
Other Income, Net		8,057		4,182
Income Before Income Tax Expense		167,458		150,487
Income Tax Expense		79,857		51,423
Net Income		87,601		99,064
Net Income Attributable to Noncontrolling Interests:
Preferred Dividends of Subsidiary		1,390		1,390
Net Income Attributable to Controlling Interests	$	86,211	$	97,674
Basic and Fully Diluted Earnings Per Common Share	$	0.49	$	0.60
Dividends Declared Per Common Share	$	0.26	$	0.24
Weighted Average Common Shares Outstanding:
Basic		176,349,762		162,340,475
Fully Diluted		176,537,472		162,925,167
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities .

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
		Three Months Ended March 31,
(Thousands of Dollars)		2010		2009
Operating Activities:
Net Income	$	87,601	$	99,064
Adjustments to Reconcile Net Income to Net Cash Flows
Provided by Operating Activities:
Bad Debt Expense		9,556		9,507
Depreciation		78,656		76,983
Deferred Income Taxes		33,248		17,178
Pension and PBOP Expense, Net of Capitalized Portion and PBOP Contributions		23,331		6,703
Regulatory Overrecoveries/(Underrecoveries), Net		6,066		(14,694)
Amortization of Regulatory (Liabilities)/Assets, Net		(8,327)		21,691
Amortization of Rate Reduction Bonds		59,570		55,897
Deferred Contractual Obligations		(6,274)		(8,666)
Derivative Assets and Liabilities		(2,594)		(14,769)
Other		(35,160)		(3,450)
Changes in Current Assets and Liabilities:
Receivables and Unbilled Revenues, Net		(7,258)		10,483
Fuel, Materials and Supplies		48,431		51,171
Taxes Receivable/Accrued		4,639		43,270
Other Current Assets		(279)		(1,541)
Accounts Payable		(46,188)		(174,497)
Counterparty Deposits and Margin Special Deposits		(12,946)		(10,582)
Other Current Liabilities		(6,369)		(23,795)
Net Cash Flows Provided by Operating Activities		225,703		139,953
Investing Activities:
Investments in Property and Plant		(202,487)		(208,896)
Proceeds from Sales of Marketable Securities		21,331		52,933
Purchases of Marketable Securities		(21,825)		(54,557)
Rate Reduction Bond Escrow and Other Deposits		(322)		(1,480)
Other Investing Activities		(156)		2,853
Net Cash Flows Used in Investing Activities		(203,459)		(209,147)
Financing Activities:
Issuance of Common Shares		-		387,350
Cash Dividends on Common Shares		(45,088)		(37,207)
Cash Dividends on Preferred Stock		(1,390)		(1,390)
Decrease in Short-Term Debt		-		(124,909)
Issuance of Long-Term Debt		95,000		250,000
Retirements of Rate Reduction Bonds		(66,569)		(62,451)
Financing Fees		(1,124)		(15,205)
Other Financing Activities		(13)		18
Net Cash Flows (Used In)/Provided by Financing Activities		(19,184)		396,206
Net Increase in Cash and Cash Equivalents		3,060		327,012
Cash and Cash Equivalents - Beginning of Period		26,952		89,816
Cash and Cash Equivalents - End of Period	$	30,012	$	416,828
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities .