Connecticut Utilities Issue Notice of Interest for Long Term Power ...

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The Connecticut Light & Power Company ("CL&P") and TheUnited Illuminating Company ("UI") have issued a Notice of Interest("NOI") to explore opportunities for long-term power contracts.

The purpose of the NOI is to obtain information on prospectsavailable for long-term power contracts for market products andpower generation that can benefit Connecticut consumers. Long-termpower contracts can be a key tool in helping to manage energysupply costs. Currently, CL&P and UI can only negotiateshort-term contracts, whose prices have a greater chance of beingaffected by factors such as weather disruptions or world-wideevents.

CL&P and UI are seeking proposals from all types of powersellers to help in the development of a procurement plan andcomprehensive RFP for long-term power supply.

"We're giving the wholesale power market an opportunity todemonstrate what it can do to meet Connecticut's need for stablepower prices," said Alan Trotta, UI's manager of wholesale powercontracts. "UI believes that long-term contracts can be part of thesolution to mitigate the impact on customers of volatile short-termenergy pricing."

"For the past few years, CL&P has been advocating the need forlong-term contracts and how beneficial they can be for ourcustomers," said Jim Shuckerow, director, Wholesale PowerContracts, CL&P. "This NOI expands the opportunities forCL&P to best minimize future power supply costs."

Parties interested in responding to the NOI can find all necessaryinformation at the following web addresses:http://www.uinet.com/powerprocurement andhttp://www.cl-p.com/esupplier/wholesale.asp.

The Connecticut Light and Power Company (CL&P) has been part ofeveryday life in Connecticut for more than 100 years, providingsafe and reliable electric service to homes, neighborhoods andbusinesses. With 1.2 million customers in 149 cities and towns,CL&P is an active member in the communities it serves, offeringprograms in energy conservation, economic development andenvironmental education. CL&P is part of the NortheastUtilities System (NYSE: NU).

UI is a New Haven-based regional distribution utility that provideselectricity and energy-related services to more than 320,000customers in municipalities in the Greater New Haven and GreaterBridgeport areas. UI's World Wide Web address ishttp://www.uinet.com/. UI's parent company, UIL HoldingsCorporation, is traded on the New York Stock Exchange under thesymbol UIL.