ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2014

Notes To Consolidated Financial Statements [Abstract]

Comprehensive Income Note [Text Block]

10.       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, 2014								For the Three Months Ended March 31, 2013
			Unrealized		Pension,						Unrealized		Pension,
	Qualified		Gains/(Losses)		SERP and				Qualified		Gains/(Losses)		SERP and
	Cash Flow		on Available-		PBOP				Cash Flow		on Available-		PBOP
	Hedging		for-Sale		Benefit				Hedging		for-Sale		Benefit
(Millions of Dollars)	Instruments		Securities		Plans		Total		Instruments		Securities		Plans		Total
AOCI as of Beginning of Period	$	(14.4)	$	0.4	$	(32.0)	$	(46.0)	$	(16.4)	$	1.3	$	(57.8)	$	(72.9)
OCI Before Reclassifications		-		0.2		-		0.2		-		(0.1)		-		(0.1)
Amounts Reclassified from AOCI		0.5		-		1.0		1.5		0.5		-		1.6		2.1
Net OCI		0.5		0.2		1.0		1.7		0.5		(0.1)		1.6		2.0
AOCI as of End of Period	$	(13.9)	$	0.6	$	(31.0)	$	(44.3)	$	(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 financial statements.

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

	For the Three Months Ended March 31,
	Amounts Reclassified from AOCI				Statements of Income Line Item Impacted
(Millions of Dollars)	2014		2013
Qualified Cash Flow Hedging Instruments	$	(0.8)	$	(0.8)	Interest Expense
Tax Benefit		0.3		0.3	Income Tax Expense
Qualified Cash Flow Hedging Instruments, Net of Tax	$	(0.5)	$	(0.5)
Pension, SERP and PBOP Benefit Plan Costs:
Amortization of Actuarial Losses	$	(1.7)	$	(2.6)	Operations and Maintenance (1)
Tax Benefit		0.7		1.0	Income Tax Expense
Pension, SERP and PBOP Benefit Plan Costs, Net of Tax	$	(1.0)	$	(1.6)
Total Amount Reclassified from AOCI, Net of Tax	$	(1.5)	$	(2.1)

• These 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.