Exhibit 99.2

NORTHEAST UTILITIES AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 30, 2008		December 31, 2007
	(Thousands of Dollars)
ASSETS
Current Assets:
Cash and cash equivalents	$	82,818	$	15,104
Investments in securitizable assets		—		308,182
Receivables, less provision for uncollectible accounts of $44,423 in 2008 and $25,529 in 2007		623,834		401,283
Unbilled revenues		193,685		101,860
Taxes receivable		1,102		13,850
Fuel, materials and supplies		270,375		210,850
Marketable securities - current		80,623		70,816
Derivative assets - current		44,054		105,517
Prepayments and other		77,756		58,794
		1,374,247		1,286,256
Property, Plant and Equipment:
Electric utility		8,378,452		7,594,606
Gas utility		1,011,311		977,290
Other		288,890		310,535
		9,678,653		8,882,431
Less: Accumulated depreciation: $2,591,645 for electric and gas utility and $158,751 for other in 2008; $2,483,570 for electric and gas utility and $178,193 for other in 2007		2,750,396		2,661,763
		6,928,257		6,220,668
Construction work in progress		1,012,770		1,009,277
		7,941,027		7,229,945
Deferred Debits and Other Assets:
Regulatory assets		2,372,197		2,057,083
Goodwill		287,591		287,591
Prepaid pension		222,484		202,512
Marketable securities - long-term		35,020		53,281
Derivative assets - long-term		266,346		298,001
Other		164,821		167,153
		3,348,459		3,065,621
Total Assets	$	12,663,733	$	11,581,822

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)

	September 30, 2008			December 31, 2007
	(Thousands of Dollars)
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes payable to banks	$	442,187		$	79,000
Long-term debt - current portion		116,286			154,286
Accounts payable		463,966			598,546
Accrued interest		77,062			56,592
Derivative liabilities - current		64,175			71,601
Other		172,226			246,125
		1,335,902			1,206,150
Rate Reduction Bonds		743,345			917,436
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes		1,175,988			1,067,490
Accumulated deferred investment tax credits		26,239			28,845
Deferred contractual obligations		197,304			222,908
Regulatory liabilities		645,235			851,780
Derivative liabilities - long-term		785,908			208,461
Accrued postretirement benefits		162,910			181,507
Other		427,289			383,611
		3,420,873			2,944,602
Capitalization:
Long-Term Debt		4,031,432			3,483,599
Preferred Stock of Subsidiary - Non-Redeemable		116,200			116,200
Common Shareholders’ Equity:
Common shares, $5 par value - authorized 225,000,000 shares; 176,179,925 shares issued and 155,661,854 shares outstanding in 2008 and 175,924,694 shares issued and 155,079,770 shares outstanding in 2007		880,899			879,623
Capital surplus, paid in		1,472,550			1,465,946
Deferred contribution plan - employee stock ownership plan		(18,726	)		(26,352	)
Retained earnings		1,039,984			946,792
Accumulated other comprehensive income		2,877			9,359
Treasury stock, 19,708,136 shares in 2008 and 19,705,545 shares in 2007		(361,603	)		(361,533	)
Common Shareholders’ Equity		3,015,981			2,913,835
Total Capitalization		7,163,613			6,513,634
Total Liabilities and Capitalization	$	12,663,733		$	11,581,822

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 September 30,					Nine Months Ended September 30,
	2008		2007			2008		2007
	(Thousands of Dollars, except share information)
Operating Revenues	$	1,506,897	$	1,450,977		$	4,352,209	$	4,546,267
Operating Expenses:
Operation -
Fuel, purchased and net interchange power		801,050		881,234			2,286,066		2,756,522
Other		232,222		195,112			755,306		678,224
Maintenance		71,287		53,854			198,892		159,681
Depreciation		69,717		64,522			205,792		191,393
Amortization of regulatory assets, net		61,386		17,007			132,186		19,795
Amortization of rate reduction bonds		53,132		52,403			154,366		151,316
Taxes other than income taxes		69,026		63,485			200,133		193,435
Total operating expenses		1,357,820		1,327,617			3,932,741		4,150,366
Operating Income		149,077		123,360			419,468		395,901
Interest Expense:
Interest on long-term debt		53,111		41,706			142,333		118,153
Interest on rate reduction bonds		12,207		15,111			38,910		47,300
Other interest		5,579		4,949			18,355		15,172
Interest expense, net		70,897		61,766			199,598		180,625
Other Income, Net		17,682		10,734			41,610		36,676
Income from Continuing Operations Before Income Tax Expense		95,862		72,328			261,480		251,952
Income Tax Expense		21,783		20,756			68,381		75,182
Income from Continuing Operations Before Preferred Dividends of Subsidiary		74,079		51,572			193,099		176,770
Preferred Dividends of Subsidiary		1,390		1,390			4,169		4,169
Income from Continuing Operations		72,689		50,182			188,930		172,601
Discontinued Operations:
Income from Discontinued Operations		—		16			—		264
(Losses)/Gains from Sale/Disposition of Discontinued Operations		—		(90	)		—		1,927
Income Tax (Benefit)/Expense		—		(16	)		—		1,021
(Loss)/Income from Discontinued Operations		—		(58	)		—		1,170
Net Income	$	72,689	$	50,124		$	188,930	$	173,771
Basic Earnings Per Common Share:
Income from Continuing Operations	$	0.47	$	0.32		$	1.22	$	1.12
Income from Discontinued Operations		—		—			—		—
Basic Earnings Per Common Share	$	0.47	$	0.32		$	1.22	$	1.12
Fully Diluted Earnings Per Common Share:
Income from Continuing Operations	$	0.47	$	0.32		$	1.21	$	1.11
Income from Discontinued Operations		—		—			—		0.01
Fully Diluted Earnings Per Common Share	$	0.47	$	0.32		$	1.21	$	1.12
Basic Common Shares Outstanding (weighted average)		155,607,201		154,930,930			155,456,606		154,672,270
Fully Diluted Common Shares Outstanding (weighted average)		156,097,641		155,420,239			155,904,871		155,210,704

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)

	Nine Months Ended September 30,
	2008			2007
	(Thousands of Dollars)
Operating Activities:
Net income	$	188,930		$	173,771
Adjustments to reconcile to net cash flows provided by operating activities:
Bad debt expense		21,341			19,983
Depreciation		205,792			191,393
Deferred income taxes		31,125			(41,144	)
Pension expense, net of capitalized portion		5,956			13,776
(Deferral)/amortization of recoverable energy costs		(5,898	)		1,494
Amortization of rate reduction bonds		154,366			151,316
Amortization of regulatory assets, net		132,186			19,795
Regulatory (refunds and underrecoveries)/overrecoveries		(97,888	)		95,766
Derivative assets and liabilities		(32,369	)		(31,641	)
Deferred contractual obligations		(25,604	)		(32,760	)
Other non-cash adjustments		(19,532	)		(2,561	)
Other sources of cash		2,907			—
Other uses of cash		(28,315	)		(33,101	)
Changes in current assets and liabilities:
Receivables and unbilled revenues, net		(10,356	)		43,511
Fuel, materials and supplies		(59,554	)		(57,281	)
Investments in securitizable assets		(25,787	)		18,137
Other current assets		(26,189	)		(6,483	)
Accounts payable		(58,594	)		(91,473	)
Counterparty deposits and margin special deposits		7,965			20,858
Taxes receivable/accrued		64,425			(350,529	)
Other current liabilities		(2,801	)		(34,676	)
Net cash flows provided by operating activities		422,106			68,151
Investing Activities:
Investments in property and plant		(951,831	)		(750,231	)
Proceeds from sales of investment securities		195,445			196,083
Purchases of investment securities		(197,453	)		(199,964	)
Rate reduction bond escrow and other deposits		465			8,436
Other investing activities		2,765			996
Net cash flows used in investing activities		(950,609	)		(744,680	)
Financing Activities:
Issuance of common shares		5,002			8,988
Issuance of long-term debt		660,000			655,000
Retirements of rate reduction bonds		(174,091	)		(161,926	)
Increase in short-term debt		363,187			—
Retirements of long-term debt		(154,286	)		(4,877	)
Cash dividends on common shares		(95,824	)		(89,745	)
Other financing activities		(7,771	)		(5,169	)
Net cash flows provided by financing activities		596,217			402,271
Net increase/(decrease) in cash and cash equivalents		67,714			(274,258	)
Cash and cash equivalents - beginning of period		15,104			481,911
Cash and cash equivalents - end of period	$	82,818		$	207,653

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.