The CL&P and NSTAR Electric preferred stock is not subject to mandatory redemption and is presented as a noncontrolling interest of a subsidiary in NU's financial statements.

CL&P Preferred Stock: CL&P's charter authorizes it to issue up to 9 million shares of preferred stock ($50 par value per share). CL&P amended its charter on January 3, 2012 to remove references to various series of preferred stock, including the Class A preferred stock, which were no longer outstanding. The issuance of additional preferred shares would be subject to PURA approval. Preferred stockholders have liquidation rights equal to the par value of the preferred stock, which they would receive in preference to any distributions to any junior stock. Were there to be a shortfall, all preferred stockholders would share ratably in available liquidation assets.

NSTAR Electric Preferred Stock: NSTAR Electric is authorized to issue 2,890,000 shares ($100 par value per share). NSTAR Electric has two outstanding series of cumulative preferred stock. Upon liquidation, holders of cumulative preferred stock are entitled to receive a liquidation preference before any distribution to holders of common stock. The liquidation preference for each outstanding series of cumulative preferred stock is equal to the par value, plus accrued and unpaid dividends. Were there to be a shortfall, holders of cumulative preferred stock would share ratably in available liquidation assets.

Details of preferred stock not subject to mandatory redemption are as follows (in millions except in redemption price and shares):

				Redemption Price		Shares Outstanding as of	As of December 31,
Series				Per Share		December 31, 2013 and 2012	2013		2012
CL&P
$	1.90		Series of 1947	$	52.50	163,912	$	8.2	$	8.2
$	2.00		Series of 1947	$	54.00	336,088		16.8		16.8
$	2.04		Series of 1949	$	52.00	100,000		5.0		5.0
$	2.20		Series of 1949	$	52.50	200,000		10.0		10.0
	3.90	%	Series of 1949	$	50.50	160,000		8.0		8.0
$	2.06		Series E of 1954	$	51.00	200,000		10.0		10.0
$	2.09		Series F of 1955	$	51.00	100,000		5.0		5.0
	4.50	%	Series of 1956	$	50.75	104,000		5.2		5.2
	4.96	%	Series of 1958	$	50.50	100,000		5.0		5.0
	4.50	%	Series of 1963	$	50.50	160,000		8.0		8.0
	5.28	%	Series of 1967	$	51.43	200,000		10.0		10.0
$	3.24		Series G of 1968	$	51.84	300,000		15.0		15.0
	6.56	%	Series of 1968	$	51.44	200,000		10.0		10.0
Total CL&P						2,324,000	$	116.2	$	116.2

NSTAR Electric
	4.25	%	Series	$	103.625	180,000	$	18.0	$	18.0
	4.78	%	Series	$	102.80	250,000		25.0		25.0
Total NSTAR Electric						430,000	$	43.0	$	43.0
Fair Value Adjustment due to Merger with NSTAR								(3.6)		(3.6)
Total NU - Preferred Stock of Subsidiaries							$	155.6	$	155.6