8-K 1 nuclp8ksmd012204.txt NU & CL&P 8-K 012204 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-1004 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 22, 2004 ------------------- Commission Registrant; State of Incorporation I.R.S. Employer File Number Address and Telephone Number Identification No. 1-5324 NORTHEAST UTILITIES 04-2147929 (a Massachusetts voluntary association) 174 Brush Hill Avenue West Springfield, Massachusetts 01090-0010 Telephone (413) 785-5871 0-11419 THE CONNECTICUT LIGHT AND POWER COMPANY 06-0303850 (a Connecticut corporation) 107 Selden Street Berlin, Connecticut 06037-1616 Telephone (860) 665-5000 Not Applicable --------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. On December 22, 2003, The Connecticut Light and Power Company ("CL&P") and Select Energy, Inc. ("Select"), affiliates of Northeast Utilities ("NU"), and various other parties reached an agreement in principle to settle responsibility, as between CL&P and its standard offer suppliers, one of which was Select, for certain incremental locational marginal pricing costs incurred during 2003. The parties had been ordered by a Federal Energy Regulatory Commission ("FERC") Settlement Judge to file a definitive settlement agreement reflecting this understanding with a FERC hearing judge by January 22, 2004. This filing has been delayed because certain details of the agreement have not yet been finalized, but NU believes those issues will be resolved. Once filed, the agreement would be subject to review by the hearing judge and approval of FERC. In anticipation of the resolution of this matter, NU will record a reserve of approximately $36 million after tax, or $0.28 per share, in the fourth quarter of 2003. For further information, see NU's and CL&P's Current Report on Form 8-K dated December 22, 2003 and Management's Discussion and Analysis-Financial Condition and Notes to Consolidated Financial Statements-Note 4. Commitments and Contingencies in their Quarterly Report on Form 10-Q for the period ended September 30, 2003. [SIGNATURE PAGE TO FOLLOW] SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORTHEAST UTILITIES (Registrant) By: /s/ Randy A. Shoop Name: Randy A. Shoop Title: Assistant Treasurer - Finance THE CONNECTICUT LIGHT AND POWER COMPANY (Registrant) By: /s/ Randy A. Shoop Name: Randy A. Shoop Title: Treasurer Date: January 22, 2004