8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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):  November 2, 2009

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)
	One Federal Street, Building 111-4
	Springfield, Massachusetts 01105
	Telephone:  (413) 785-5871
0-00404	THE CONNECTICUT LIGHT AND POWER COMPANY	06-0303850
	---------------------------------------
	(a Connecticut corporation)
	107 Selden Street
	Berlin, Connecticut  06037-1616
	Telephone:  (860) 665-5000
1-6392	PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE	02-0181050
	---------------------------------------
	(a New Hampshire corporation)
	Energy Park
	780 North Commercial Street
	Manchester, New Hampshire 03101-1134
	Telephone:  (603) 669-4000

0-7624	WESTERN MASSACHUSETTS ELECTRIC COMPANY	04-1961130
	--------------------------------------
	(a Massachusetts corporation)
	One Federal Street, Building 111-4
	Springfield, Massachusetts 01105
	Telephone:  (413) 785-5871

Not Applicable

--------------

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2- Financial Information

Item 2.02

Results of Operations and Financial Conditions.

On November 2, 2009, Northeast Utilities (“NU” or the “company”) issued a news release announcing its unaudited results of operations for the third quarter and first nine months of 2009 and related financial information for certain of its subsidiaries for the same periods.  In addition, the company confirmed existing 2009 consolidated and segment earnings guidance and provided consolidated and segment earnings guidance for 2010 and new capital investment projections.  A copy of the news release and related financial reports are attached as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference thereto.

The information contained in this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by NU, The Connecticut Light and Power Company, Public Service Company of New Hampshire or Western Massachusetts Electric Company under the Securities Act of 1933, as amended, unless specified otherwise.  

Section 7 – Regulation FD

Item 7.01

Regulation FD Disclosure

On November 2, 2009, NU is giving a slideshow presentation to financial analysts at the Edison Electric Institute Financial Conference, which is being simultaneously webcast to the public.  The slides are attached as Exhibit 99.3, incorporated in this Item 7.01 by reference thereto, and are furnished pursuant to Regulation FD.

The information contained in this Item 7.01, including Exhibit 99.3, shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by NU, The Connecticut Light and Power Company, Public Service Company of New Hampshire or Western Massachusetts Electric Company under the Securities Act of 1933, as amended, unless specified otherwise.

Item 9.01

Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number	Description
Exhibit 99.1	News Release of Northeast Utilities dated November 2, 2009.
Exhibit 99.2	Financial Report as of September 30, 2009 and December 31, 2008 and for the three and nine month periods ended September 30, 2009 and September 30, 2008.
Exhibit 99.3	Northeast Utilities slide presentation dated November 2, 2009 at the Edison Electric Institute Financial Conference.

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

NORTHEAST UTILITIES

THE CONNECTICUT LIGHT AND POWER COMPANY

PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE

WESTERN MASSACHUSETTS ELECTRIC COMPANY

(Registrants)

By:  

/s/ Jay S. Buth

Name:  Jay S. Buth

Title:   Vice President-Accounting and Controller

Date:  November 2, 2009

EX-99

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
	September 30,	December 31,
(Thousands of Dollars)	2009	2008
ASSETS
Current Assets:
Cash and cash equivalents	$                        248,977	$                          89,816
Receivables, less provision for uncollectible
accounts of $52,305 in 2009 and $43,275 in 2008	591,469	698,755
Unbilled revenues	164,472	218,440
Fuel, materials and supplies - current	281,409	300,049
Marketable securities - current	63,887	78,452
Derivative assets - current	19,270	31,373
Prepayments and other	110,121	88,679
	1,479,605	1,505,564
Property, Plant and Equipment:
Electric utility	9,563,493	9,219,351
Gas utility	1,070,950	1,043,687
Other	288,918	290,156
	10,923,361	10,553,194
Less:  Accumulated depreciation: $2,731,763 for electric
and gas utility and $129,755 for other in 2009;
$2,610,479 for electric and gas utility and
$159,639 for other in 2008	2,861,518	2,770,118
	8,061,843	7,783,076
Construction work in progress	561,218	424,800
	8,623,061	8,207,876
Deferred Debits and Other Assets:
Regulatory assets	3,170,566	3,502,606
Goodwill	287,591	287,591
Marketable securities - long-term	55,351	30,757
Derivative assets - long-term	217,780	241,814
Other	172,380	212,272
	3,903,668	4,275,040
Total Assets	$                  14,006,334	$                   13,988,480
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
	September 30,	December 31,
(Thousands of Dollars)	2009	2008
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes payable to banks	$                        325,234	$                        618,897
Long-term debt - current portion	66,286	54,286
Accounts payable	410,125	678,614
Accrued taxes	73,802	12,527
Accrued interest	89,165	69,818
Derivative liabilities - current	56,811	100,919
Other	173,167	168,401
	1,194,590	1,703,462
Rate Reduction Bonds	503,303	686,511
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	1,338,979	1,223,461
Accumulated deferred investment tax credits	22,952	25,371
Deferred contractual obligations	173,451	193,016
Regulatory liabilities	529,259	592,540
Derivative liabilities - long-term	858,306	912,426
Accrued pension	740,421	740,930
Accrued postretirement benefits	224,039	240,371
Other	426,388	430,718
	4,313,795	4,358,833
Capitalization:
Long-Term Debt	4,345,028	4,103,162
Noncontrolling Interest in Consolidated Subsidiary:
Preferred stock not subject to mandatory redemption	116,200	116,200
Common Shareholders' Equity:
Common shares, $5 par value - authorized
225,000,000 shares; 195,400,618 shares issued
and 175,435,375 shares outstanding in 2009 and
176,212,275 shares issued and 155,834,361 shares
outstanding in 2008	977,003	881,061
Capital surplus, paid in	1,758,109	1,475,006
Deferred contribution plan - employee stock
ownership plan	(5,927)	(15,481)
Retained earnings	1,203,603	1,078,594
Accumulated other comprehensive loss	(37,767)	(37,265)
Treasury stock, 19,708,136 shares in 2009 and 2008	(361,603)	(361,603)
Common Shareholders' Equity	3,533,418	3,020,312
Total Capitalization	7,994,646	7,239,674
Total Liabilities and Capitalization	$                   14,006,334	$                   13,988,480
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
	Three Months Ended September 30,		Nine Months Ended September 30,
(Thousands of Dollars, except share information)	2009	2008	2009	2008
Operating Revenues	$           1,306,173	$          1,506,897	$          4,124,087	$           4,352,209
Operating Expenses:
Operation -
Fuel, purchased and net interchange power	611,632	801,050	2,034,151	2,286,066
Other	250,296	232,222	732,562	755,306
Maintenance	61,609	71,287	166,812	198,892
Depreciation	77,074	69,717	231,825	205,792
Amortization of regulatory assets, net	10,542	61,386	19,194	132,186
Amortization of rate reduction bonds	56,669	53,132	163,871	154,366
Taxes other than income taxes	75,798	69,026	216,651	200,133
Total operating expenses	1,143,620	1,357,820	3,565,066	3,932,741
Operating Income	162,553	149,077	559,021	419,468
Interest Expense:
Interest on long-term debt	55,733	53,111	168,191	142,333
Interest on rate reduction bonds	8,657	12,207	28,889	38,910
Other interest	5,245	5,579	8,490	18,355
Interest expense, net	69,635	70,897	205,570	199,598
Other Income, Net	9,490	17,682	26,081	41,610
Income Before Income Tax Expense	102,408	95,862	379,532	261,480
Income Tax Expense	36,230	21,783	130,047	68,381
Net Income	66,178	74,079	249,485	193,099
Net Income Attributable to Noncontrolling Interest:
Preferred dividends of subsidiary	1,390	1,390	4,169	4,169
Net Income Attributable to Controlling Interest	$                64,788	$               72,689	$             245,316	$              188,930
Basic Earnings Per Common Share	$                    0.37	$                   0.47	$                   1.43	$                    1.22
Fully Diluted Earnings Per Common Share	$                    0.37	$                   0.47	$                   1.43	$                    1.21
Dividends Declared Per Common Share	$                    0.24	$                   0.21	$                   0.71	$                    0.61
Weighted Average Common Shares Outstanding:
Basic	175,358,776	155,607,201	170,958,396	155,456,606
Fully Diluted	175,995,506	156,097,641	171,532,913	155,904,871
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	Nine Months Ended September 30,
(Thousands of Dollars)	2009	2008
Operating Activities:
Net income	$       249,485	$       193,099
Adjustments to reconcile net income to net cash flows
provided by operating activities:
Bad debt expense	31,519	21,341
Depreciation	231,825	205,792
Deferred income taxes	77,617	31,125
Pension and PBOP expense/(income), net of capitalized portion, and contributions	10,197	(12,642)
Allowance for equity funds used during construction	(6,162)	(23,546)
Regulatory overrecoveries/(refunds and underrecoveries), net	42,677	(97,888)
Amortization/(deferral) of recoverable energy costs	1,842	(5,898)
Amortization of regulatory assets, net	19,194	132,186
Amortization of rate reduction bonds	163,871	154,366
Deferred contractual obligations	(20,816)	(25,604)
Derivative assets and liabilities	(18,519)	(32,369)
Other	13,493	(2,796)
Changes in current assets and liabilities:
Receivables and unbilled revenues, net	122,700	(10,356)
Investments in securitizable assets	-	(25,787)
Fuel, materials and supplies	18,900	(59,554)
Other current assets	(7,490)	(18,962)
Taxes receivable/accrued	59,641	64,425
Accounts payable	(242,179)	(58,594)
Other current liabilities	13,335	(2,063)
Net cash flows provided by operating activities	761,130	426,275
Investing Activities:
Investments in property and plant	(634,446)	(951,831)
Proceeds from sales of marketable securities	182,131	195,445
Purchases of marketable securities	(183,814)	(197,453)
Other investing activities	4,298	3,230
Net cash flows used in investing activities	(631,831)	(950,609)
Financing Activities:
Issuance of common shares	388,529	5,002
Cash dividends on common shares	(120,647)	(95,824)
Cash dividends on preferred stock of subsidiary	(4,169)	(4,169)
(Decrease)/increase in short-term debt	(293,663)	363,187
Issuance of long-term debt	312,000	660,000
Retirements of long-term debt	(54,286)	(154,286)
Retirements of rate reduction bonds	(183,208)	(174,091)
Financing fees	(15,331)	(6,234)
Other financing activities	637	(1,537)
Net cash flows provided by financing activities	29,862	592,048
Net increase in cash and cash equivalents	159,161	67,714
Cash and cash equivalents - beginning of period	89,816	15,104
Cash and cash equivalents - end of period	$       248,977	$         82,818
The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to present shareholders about Northeast Utilities and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

EX-99

P. O. Box 270 Hartford, CT  06141-0270 56 Prospect Street Hartford, CT  06103-2818 (860) 665-5000 www.nu.com

News Release

CONTACT:  

Jeffrey R. Kotkin

        Office:

(860) 728-4650

NU REPORTS THIRD QUARTER RESULTS

---2009 earnings guidance reaffirmed

---2010 earnings guidance announced

---Investment plans to meet New England’s energy needs updated

HARTFORD, Connecticut, November 2, 2009 — Northeast Utilities (NYSE:NU) today reported earnings for the third quarter of 2009 and reaffirmed its earnings guidance for 2009.  The company also provided initial consolidated and business segment earnings guidance for 2010 and provided an updated capital expenditure forecast for the period of 2010 through 2014.  

NU earned $64.8 million, or $0.37 per share, in the third quarter of 2009, compared with $72.7 million, or $0.47 per share, in the third quarter of 2008.  NU earned $245.3 million, or $1.43 per share, in the first nine months of 2009, compared with $188.9 million, or $1.21 per share, in the first nine months of 2008.  Nine-month 2008 results include an after-tax charge of $29.8 million, or $0.19 per share¹, associated with the settlement of litigation in the first quarter of 2008.  

“We are pleased with our year-to-date results,” said Charles W. Shivery, NU’s chairman, president and chief executive officer.  “We continue to manage successfully through the difficult economic conditions our region and nation are experiencing by maintaining tight control of our operating costs, even while we continue to invest in the energy infrastructure needed to serve our customers and our region.  Although third quarter results were lower than they were in 2008, they were consistent with our expectations and we continue to be comfortable with our full-year projection of $1.80 to $1.90 per share.”

Shivery said the decline in third-quarter results from 2008 had been anticipated in the company’s earnings guidance.  It resulted largely from the impacts of the economic downturn and mild summer weather and the absence of the benefits to third-quarter 2008 earnings of both the resolution of various income tax matters and mark-to-market gains in NU’s competitive businesses.

2010 earnings guidance and capital expenditure projections

In addition to affirming 2009 consolidated earnings guidance, NU today established 2010 earnings guidance of between $1.80 per share and $2.00 per share.  That guidance reflects projected 2010 distribution and generation segment earnings of between $0.95 per share and $1.05 per share¹; transmission segment earnings of between $0.90 per share and $0.95 per share¹; competitive business segment earnings of between $0.00 per share and $0.05 per share¹; and NU parent and other expenses of approximately $0.05 per share¹.

NU also today projected capital expenditures of approximately $6.4 billion from 2010 through 2014, including approximately $1.1 billion in 2010.  NU projects capital expenditures of approximately $960 million in 2009.

1

Shivery noted that the projected capital expenditures include spending approximately $1.35 billion from 2010 through 2014 to complete NU’s $1.49 billion share of the New England East-West Solutions family of transmission projects, approximately $675 million for NU’s share of a new $900 million proposed high-voltage direct current transmission line from Quebec to southern New Hampshire, $41 million to install 6 megawatts of solar generation in western Massachusetts, and approximately $300 million to complete a legislatively mandated wet scrubber at Public Service Company of New Hampshire’s (PSNH) coal-fired Merrimack Station in Bow, New Hampshire.  The scrubber project, which is expected to be 33 percent complete by the end of 2009, is expected to cost a total of $457 million.

 “These projects represent a significant investment in our region to improve the reliability and diversity of New England’s energy resources.  They also support the region’s stated policy of encouraging the development of cleaner energy sources,” Shivery said.

Shivery noted that NU expects to generate increasing levels of cash flows from operations as it completes these capital projects.  Cash flows from operations, after rate reduction bond payments, are projected to rise from approximately $700 million in 2009 and 2010 to $1.1 billion in 2014.  NU, which raised approximately $380 million earlier this year when it sold nearly 19 million common shares in a public offering, projects only a single public common share offering of approximately $300 million over the next five years.  That offering is expected to occur no earlier than 2012.

Based on those projections, NU estimates that it will be able to achieve compounded average annual earnings per share growth of between 6 percent and 9 percent for the five-year period of 2010 through 2014, using projected 2009 earnings per share as the base level.  Previously, NU had estimated earnings per share growth at the lower end of an 8 percent to 11 percent range, using the $1.59 per share NU earned in 2007 as the base level.  To achieve the 6 to 9 percent growth rate, NU assumes that it will achieve the capital investment projections outlined today and that regulators will allow the company to achieve a fair return on the shareholder equity it expects to invest.

2009 Results - Transmission

NU’s transmission segment earned $42.8 million in the third quarter of 2009, compared with $35.9 million in the third quarter of 2008, and $120 million in the first nine months of 2009, compared with $103.6 million in the first nine months of 2008.  The increases in third quarter and nine months net income in 2009, compared with the same periods of 2008, primarily reflect NU’s higher level of investment in transmission facilities.

2009 Results - Distribution and Generation

NU’s distribution and generation segment earned $22.5 million in the third quarter of 2009, compared with $35.5 million in the third quarter of 2008, and $120 million in the first nine months of 2009, compared with $114.9 million in the first nine months of 2008.

The Connecticut Light and Power Company’s (CL&P) distribution segment earned $11.4 million in the third quarter of 2009, compared with $23.5 million in the third quarter of 2008 and $55 million in the first nine months of 2009, compared with $57.2 million in the first nine months of 2008.  Lower third quarter results reflect $4.1 million of after-tax expense related to uncollectible receivable balances, as well as higher pension, depreciation, and interest expense and a higher effective tax rate in 2009.  CL&P’s 2008 tax rate was lower due to the benefits related to higher capital expenditures and the resolution of various tax items in the third quarter of 2008.

PSNH’s distribution and generation segment earned $10.7 million in the third quarter of 2009 and $36.2 million in the first nine months of 2009, compared with $10.7 million in the third quarter of 2008 and $32.3 million in the first nine months of 2008.  Higher generation-related earnings on an increased level of generation assets were offset by lower distribution-related results.

2

Western Massachusetts Electric Company’s (WMECO) distribution segment earned $4.9 million in the third quarter of 2009 and $13.5 million in the first nine months of 2009, compared with $3.6 million in the third quarter of 2008 and $10.1 million in the first nine months of 2008.  Improved third quarter results were due to the absence of a $0.8 million after-tax regulatory charge taken in the third quarter of 2008.

NU’s electric sales were down 4.5 percent in the third quarter of 2009, compared with the same period of 2008, but were down only 1.0 percent on a weather-adjusted basis.  Over the first nine months of 2009, NU’s electric sales were down 4.0 percent compared with the same period in 2008, and down 2.2 percent on a weather-adjusted basis.

“Our electric distribution segment has been the part of our company most impacted by the economy and volatile financial markets, which have caused sales declines and rising uncollectible receivable balances and pension expense,” Shivery said.  “While strong cost management efforts have offset some of the impact of the economy, rate relief is pivotal to maintaining the financial health of this segment, which builds and maintains critical energy delivery infrastructure and are central to implementing many of the region’s energy policies.”

Yankee Gas Services Company lost $4.5 million in the third quarter of 2009, compared with a loss of $2.3 million in the third quarter of 2008.  Yankee Gas earned $15.3 million in the first nine months of both 2009 and 2008.  Lower third quarter results were due primarily to a $2.9 million after-tax expense related to uncollectible receivable balances.  Yankee Gas firm sales were up 5.8 percent in the third quarter of 2009, compared with the same period of 2008.  During the first nine months of 2009, Yankee Gas firm sales were up 8.2 percent compared with the same period in 2008 and up 4.7 percent on a weather-adjusted basis.

2009 Results - Competitive businesses

NU Enterprises, Inc. (NUEI), the holding company for NU’s competitive businesses, earned $0.3 million in the third quarter of 2009, compared with earnings of $4.6 million in the third quarter of 2008.  NUEI earned $11.6 million in the first nine months of 2009, compared with earnings of $8.7 million in the first nine months of 2008.  Lower third quarter 2009 results were primarily due to an after-tax mark-to-market loss of $0.9 million on NUEI’s remaining wholesale obligations, compared with an after-tax mark-to-market gain of $3.6 million on wholesale obligations in the third quarter of 2008.

2009 Results - NU Parent and other companies

NU parent and other companies had net expenses of $0.8 million in the third quarter of 2009, compared with $3.3 million in the third quarter of 2008.  For the first nine months of 2009, NU parent and other companies had net expenses of $6.3 million, compared with net expenses of $38.3 million in the first nine months of 2008, including the aforementioned $29.8 million litigation charge.

The following table reconciles 2009 and 2008 third-quarter and first nine-month results:  

		Third Quarter1	First Nine Months1
2008	Reported EPS	$0.47	$1.21
	2008 EPS excluding impact of $0.19/share 2008 litigation settlement charge	$0.47	$1.40
	Improved transmission earnings in 2009	$0.01	$0.04
	Lower distribution/generation results in 2009	($0.10)	($0.04)
	Parent/Other results in 2009, ex. litigation settlement impact	$0.02	$0.01
	Improved/lower competitive business results in 2009	($0.03)	$0.02
2009	Reported EPS	$0.37	$1.43

3

Financial results for the third quarter and first nine months of 2009 and 2008 are noted below.

Three months ended:

(in millions, except EPS)	September 30, 2009	September 30, 2008	Increase   (Decrease)	2009 EPS1
CL&P Distribution	$11.4	$23.5	($12.1)	$0.07
PSNH Distribution/Generation	$10.7	$10.7	---	$0.06
WMECO Distribution	$4.9	$3.6	$1.3	$0.03
Yankee Gas	($4.5)	($2.3)	($2.2)	($0.03)
Total—Distribution/Generation	$22.5	$35.5	($13.0)	$0.13
CL&P Transmission	$33.7	$30.7	$3.0	$0.19
PSNH Transmission	$5.5	$3.6	$1.9	$0.03
WMECO Transmission	$3.6	$1.6	$2.0	$0.02
Total—Transmission	$42.8	$35.9	$6.9	$0.24
NU parent and other companies	($0.8)	($3.3)	$2.5	---
Competitive	$0.3	$4.6	($4.3)	---
Reported Earnings	$64.8	$72.7	($7.9)	$0.37

Nine months ended:

(in millions, except EPS)	September 30, 20091	September 30, 20081	Increase   (Decrease)	2009 EPS1
CL&P Distribution	$55.0	$57.2	($2.2)	$0.32
PSNH Distribution/Generation	$36.2	$32.3	$3.9	$0.21
WMECO Distribution	$13.5	$10.1	$3.4	$0.08
Yankee Gas	$15.3	$15.3	---	$0.09
Total—Distribution/Generation	$120.0	$114.9	$5.1	$0.70
CL&P Transmission	$98.9	$86.5	$12.4	$0.58
PSNH Transmission	$14.1	$12.4	$1.7	$0.08
WMECO Transmission	$7.0	$4.7	$2.3	$0.04
Total—Transmission	$120.0	$103.6	$16.4	$0.70
NU parent and other companies, excluding litigation charge	($6.3)	($8.5)	$2.2	($0.04)
Competitive	$11.6	$8.7	$2.9	$0.07
Total before litigation settlement impact	$245.3	$218.7	$26.6	$1.43
Litigation charge	---	($29.8)	$29.8	---
Reported Earnings	$245.3	$188.9	$56.4	$1.43

Retail sales data:

Gwh for three months ended	September 30,         2009	September 30,           2008	% Change    Actual	% Change Weather Norm.
CL&P	5,903	6,215	(5.0)	(0.9)
PSNH	2,009	2,088	(3.8)	(2.3)
WMECO	957	984	(2.7)	1.0
Total NU	8,866	9,282	(4.5)	(1.0)
Gwh for nine months ended
CL&P	16,814	17,501	(3.9)	(1.8)
PSNH	5,822	6,050	(3.8)	(2.7)
WMECO	2,749	2,903	(5.3)	(3.5)

4

Total NU	25,376	26,442	(4.0)	(2.2)
Yankee Gas firm volumes in mmcf for three months ended	5,486	5,185	5.8	5.5
Yankee Gas firm volumes in mmcf for nine months ended	29,762	27,504	8.2	4.7

NU has approximately 175 million common shares outstanding.  It operates New England’s largest energy delivery system, serving more than 2 million customers in Connecticut, New Hampshire and Massachusetts.

This news release includes statements concerning NU’s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and other statements that are not historical facts.  These statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  In some cases, readers can identify these forward-looking statements through the use of words or phrases such as “estimate”, “expect”, “anticipate”, “intend”, “plan”, “project,” “believe”, “forecast”, “should”, “could”, and other similar expressions.  Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements.  Factors that may cause actual results to differ materially from those included in the forward-looking statements include, but are not limited to, actions or inaction of local, state and federal regulatory and taxing bodies; changes in business and economic conditions, including their impact on interest rates, bad debt expense and demand for NU’s products and services; changes in weather patterns; changes in laws, regulations or regulatory policy; changes in levels or timing of capital expenditures; disruptions in the capital markets or other events that make NU’s access to necessary capital more difficult or costly; developments in legal or public policy doctrines; technological developments; changes in accounting standards and financial reporting regulations; fluctuations in the value of NUEI’s remaining competitive electricity positions; actions of rating agencies; and other presently unknown or unforeseen factors. Other risk factors are detailed from time to time in NU’s reports filed with the Securities and Exchange Commi ssion.  Any forward-looking statement speaks only as of the date on which such statement is made, and NU undertakes no obligation to update the information contained in any forward-looking statements to reflect developments or circumstances occurring after the statement is made or to reflect the occurrence of unanticipated events.

¹ All per share amounts in this news release are reported on a fully diluted basis.  The only common equity securities that are publicly traded are common shares of NU parent.  The earnings and EPS of each segment do not represent a direct legal interest in the assets and liabilities allocated to such segment but rather represent a direct interest in NU's assets and liabilities as a whole.  EPS by segment is a non-GAAP (not determined using generally accepted accounting principles) financial measure that is calculated by dividing the net income or loss attributable to controlling interests of each segment by the weighted average fully diluted NU parent common shares outstanding for the period.  Management uses this non-GAAP financial measure to provide segmented earnings results and guidance and believes that this measurement is useful to investors to evaluate the actual and projected financial performance and contribution of NU’s business segments.  This release also references NU’s 2008 earnings and EPS excluding a significant charge associated with a litigation settlement payment, which are non-GAAP measures.  Due to the nature and significance of the litigation charge, management believes that this non-GAAP presentation is more representative of NU’s performance and provides additional and useful information to readers of this news release in analyzing historical and future performance.  These non-GAAP financial measures should not be considered as alternatives to NU consolidated net income attributable to controlling interests or EPS determined in accordance with GAAP as indicators of NU’s operating performance.

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Note:  NU will webcast an investor presentation today at 7:15 a.m. Eastern Standard Time.  The webcast can be accessed through NU’s website at www.nu.com.

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