ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2013

Notes To Consolidated Financial Statements [Abstract]

Comprehensive Income Note [Text Block]

11.       ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The changes in accumulated other comprehensive income/(loss) by component, net of tax, is as follows:

	For the Three Months Ended March 31, 2013
(Millions of Dollars)	Qualified Cash Flow Hedging Instruments		Unrealized Gains/(Losses) on Available-for-Sale Securities		Pension, SERP and PBOP Benefit Plans		Total
AOCI as of January 1, 2013	$	(16.4)	$	1.3	$	(57.8)	$	(72.9)
Other Comprehensive Income Before Reclassifications		-		(0.1)		-		(0.1)
Amounts Reclassified from AOCI		0.5		-		1.6		2.1
Net Other Comprehensive Income		0.5		(0.1)		1.6		2.0
AOCI as of March 31, 2013	$	(15.9)	$	1.2	$	(56.2)	$	(70.9)

NU's qualified cash flow hedging instruments represent interest rate swap agreements on debt issuances that were settled in prior years. The settlement amount was recorded in AOCI and is being amortized into Net Income over the term of the underlying debt instrument.CL&P, PSNH and WMECO continue to amortize interest rate swaps settled in prior years from AOCI into Interest Expense over the remaining life of the associated long-term debt, which are not material to their respective consolidated financial statements.

The following table sets forth the amounts reclassified from AOCI by component and the affected line item on the statement of income:

	For the Three Months Ended March 31, 2013
	Amount
	Reclassified		Statement of Income
(Millions of Dollars)	from AOCI		Line Item Impacted
Qualified Cash Flow Hedging Instruments	$	(0.8)	Interest Expense
Tax Benefit		0.3	Income Tax Expense
Qualified Cash Flow Hedging Instruments, Net of Tax	$	(0.5)
Pension, SERP and PBOP Benefit Plan Costs:
Amortization of Actuarial Losses	$	(2.6)	(1)
Amortization of Prior Service Cost		-	(1)
Total Pension, SERP and PBOP Benefit Plan Costs		(2.6)	(1)
Tax Benefit		1.0
Pension, SERP and PBOP Benefit Plan Costs, Net of Tax	$	(1.6)
Total Amount Reclassified from AOCI, Net of Tax	$	(2.1)

• These AOCI amounts are included in the computation of net periodic Pension, SERP and PBOP costs. See Note 7, “Pension Benefits and Postretirement Benefits Other Than Pensions,” for further information.