Edgar Filing: NORTHEAST UTILITIES

Ownership Submission

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

CLOUD SANFORD JR

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 UTILITIES, 107 SELDEN STREET

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2007

(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)
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	03/26/2007		M		2,500 ⁽¹⁾	A	$ 18.45	30,333 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		M		2,500 ⁽²⁾	A	$ 21.03	32,833 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		M		2,500 ⁽³⁾	A	$ 22.25	35,333 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		S		1,800 ⁽⁴⁾	D	$ 32.15	33,533 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		S		700 ⁽⁴⁾	D	$ 32.2143	32,833 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		S		1,900 ⁽⁴⁾	D	$ 32.1516	30,933 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		S		600 ⁽⁴⁾	D	$ 32.2217	30,333 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		S		1,900 ⁽⁴⁾	D	$ 32.1532	28,433 ⁽⁵⁾	D
Common Shares, $5 par value	03/26/2007		S		600 ⁽⁴⁾	D	$ 32.2167	27,833 ⁽⁵⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 18.45

03/26/2007

2,500

⁽¹⁾

02/26/2012

Common Shares

2,500

$ 0

5,000

Employee Stock Option (right to buy)

$ 21.03

03/26/2007

2,500

⁽²⁾

02/27/2011

Common Shares

2,500

$ 0

2,500

Employee Stock Option (right to buy)

$ 22.25

03/26/2007

2,500

⁽³⁾

05/09/2010

Common Shares

2,500

$ 0

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CLOUD SANFORD JR C/O NORTHEAST UTILITIES 107 SELDEN STREET BERLIN, CT 06037				Trustee

Signatures

/s/ Sanford Cloud, Jr., By: O. Kay Comendul/POA		03/27/2007
^**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 2,500 Northeast Utilities common shares at $18.45 were granted on February 26, 2002 and vested 50% immediately and 50% one year from the grant date.
(2)	The options exercised to purchase 2,500 Northeast Utilities common shares at $21.03 were granted on February 27, 2001 and vested 50% immediately and 50% one year from the grant date.
(3)	The options exercised to purchase 2,500 Northeast Utilities common shares at $22.25 were granted on May 9, 2000 and vested 50% immediately and 50% one year from the grant date.
(4)	Sale in connection with cashless exercise of stock options.
(5)	Includes restricted share units, shares receipt of which have been deferred, and reinvested dividend equivalents thereon.

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