First of all, what an attorney for NHSEC says is utterly irrelevant. You've stated yourself that the PUC and NHSEC are completely different in function.
Secondly, what you, I, or anybody else thinks (whether approval or rejection) is irrelevant. What will prove to be relevant is whether or not the PSNH, LLEG, and the investors find the conditions to have an acceptable opportunity for profit, & thus approve the conditions set forth by the PUC.