Utility regulators concluded in a draft decision Tuesday that Connecticut Light & Power was "deficient and inadequate" in its preparation and response to the two storms that caused prolonged blackouts last year. The report by the Public Utility Regulatory Authority says the state's largest power company should face unspecified financial sanctions "as a penalty for poor management performance and to provide incentives for improvement." CL&P was unsure if it will seek changes in the report before it is formally adopted by the authority Aug. 1. ... The draft released late Tuesday afternoon followed the tone set by two earlier reviews...