SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GRISE CHERYL W

(Last)

(First)

(Middle)

C/O NORTHEAST UTILITIES

107 SELDEN STREET

(Street)

BERLIN

06037

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NORTHEAST UTILITIES [ NU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, $5 par value								4,639⁽¹⁾	I	401(k) Plan
Common Shares, $5 par value								3,108⁽²⁾	I	Deferred Comp. Plan
Common Shares, $5 par value	05/11/2007		M		19,712	A	$14.9375	115,599⁽³⁾⁽⁵⁾	D
Common Shares, $5 par value	05/11/2007		M		39,600	A	$18.58	155,199⁽³⁾⁽⁵⁾	D
Common Shares, $5 par value	05/14/2007		M		50,000	A	$20.06	205,199⁽³⁾⁽⁵⁾	D
Common Shares, $5 par value	05/11/2007		S		19,712	D	$32.3438	185,487⁽⁴⁾⁽⁵⁾	D
Common Shares, $5 par value	05/11/2007		S		39,600	D	$32.3448	145,887⁽⁴⁾⁽⁵⁾	D
Common Shares, $5 par value	05/14/2007		S		50,000	D	$32.3554	95,887⁽⁴⁾⁽⁵⁾	D
Common Shares, $5 par value								265	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$14.9375	05/11/2007		M			19,712	⁽³⁾	02/23/2009	Common Shares	19,712	$0	89,600	D
Employee Stock Option (right to buy)	$18.58	05/11/2007		M			39,600	⁽³⁾	02/25/2012	Common Shares	39,600	$0	50,000	D
Employee Stock Option (right to buy)	$20.06	05/14/2007		M			50,000	⁽³⁾	06/28/2011	Common Shares	50,000	$0	0	D

Explanation of Responses:

1. Shares held in trust under the Northeast Utilities Service Company 401k Plan, as of May 11, 2007, according to information supplied by the plan's recordkeeper.

2. Shares (including reinvested dividends) receipt of which has been deferred pursuant to the Northeast Utilities Deferred Compensation Plan for Executives, as of May 11, 2007, according to information supplied by the plan's recordkeeper.

3. The options exercised to purchase 19,712 Common Shares were granted on February 23, 1999 and vested in one-third increments on February 23, 2000, 2001 and 2002. The options exercised to purchase 39,600 Common Shares were granted on February 25, 2002 and vested in one-third increments on February 25, 2003, 2004 and 2005. The options exercised to purchase 50,000 Common Shares were granted on June 28, 2001 and vested in one-third increments on June 28, 2002, 2003 and 2004.

4. Sale in connection with cashless exercise of employee stock options.

5. Includes restricted share units and deferred units representing reinvested dividends.

	Cheryl W. Grise	05/15/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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