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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * KENNAN ELIZABETH T   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 _____ Officer (give title below) __X__ Other (specify below) Trustee (Last) (First) (Middle) C/O NORTHEAST UTILTIES, 107 SELDEN STREET 3. Date of Earliest Transaction (Month/Day/Year) 03/05/2007 (Street) BERLIN, CT 06037 4. If Amendment, Date 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 (City) (State) (Zip) 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) Code V Amount (A) or (D) Price Common Shares, $5 par value 03/05/2007   M   1,500 (1) A $ 14.9375 24,359 D   Common Shares, $5 par value 03/05/2007   M   2,500 (1) A $ 18.4375 26,859 D   Common Shares, $5 par value 03/05/2007   M   2,500 (1) A $ 18.45 29,359 D   Common Shares, $5 par value 03/05/2007   M   2,500 (1) A $ 21.03 31,859 D   Common Shares, $5 par value 03/05/2007   S   9,000 (2) D $ 28.65 22,859 (3) D

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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 14.9375

03/05/2007

M

1,500

(2)

02/23/2009

Common Shares

1,500

$ 0

7,500

D

Employee Stock Option (right to buy)

$ 18.4375

03/05/2007

M

2,500

(2)

02/22/2010

Common Shares

2,500

$ 0

5,000

D

Employee Stock Options (right to buy)

$ 18.45

03/05/2007

M

2,500

(2)

02/26/2012

Common Shares

2,500

$ 0

2,500

D

Employee Stock Option (right to buy)

$ 21.03

03/05/2007

M

2,500

(2)

02/27/2011

Common Shares

2,500

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KENNAN ELIZABETH T C/O NORTHEAST UTILTIES 107 SELDEN STREET BERLIN, CT 06037				Trustee

Signatures

/s/ Elizabeth T. Kennan		03/06/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The options exercised to purchase 1,500 NU common shares that were granted on 2/23/1999 at an exercise price of $14.9375 vested 50% on 2/23/1999 and 50% on 2/23/2000. The options exercised to purchase 2,500 NU commmon shares with a grant date of 2/22/2000 at an exercise price of $18.4375 vested 50% on 2/22/2000 and 50% on 2/22/2001. The options exercised to purchase 2,500 NU common shares that were granted on 2/27/2001 at an exercise price of $21.03 vested 50% on 2/27/2001 and 50% on 2/27/2002. The options exercised to purchase 2,500 NU common shares with a grant date of 2/26/2002 and an exercise price of $18.45 vested 50% on 2/26/2002 and 50% on 2/26/2003.
(2)	Sale in connection with cashless exercise of options to purchase NU common shares.
(3)	Includes restricted share units receipt of which has been deferred, shares receipt of which has been deferred and dividend equivalents thereon.

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