8-K

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) April 26, 2007

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 Condition.

On April 26, 2007, Northeast Utilities issued a news release announcing its unaudited results of operations for the first quarter 2007 and related financial information for certain of its subsidiaries for the same period.  A copy of the news release and related financial reports are attached as Exhibits 99.1 and 99.2, 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 Northeast Utilities or any of its affiliates under the Securities Act of 1933, as amended, unless specified otherwise.

Section 9 – Financial Statements and Exhibits

Item 9.01 –

 Financial Statements and Exhibits.

(d)

 Exhibits.

Exhibit Number	Description
Exhibit 99.1	News Release issued by Northeast Utilities on April 26, 2007.
Exhibit 99.2	Financial Report for the three month period ending March 31, 2007.

[SIGNATURE PAGE TO FOLLOW]

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalves 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/        Shirley M. Payne

       Name:  Shirley M. Payne

       Title:    Vice President-Accounting and Controller

Date:  April 26, 2007

EX-99

NU LOGO P. O. Box 270 Hartford, CT  06141-0270 107 Selden Street Berlin, CT  06037 (860)-665-5000 www.nu.com

Exhibit 99.1

CONTACT:	Jeffrey R. Kotkin
OFFICE:	(860) 665-5154

NU REPORTS STRONG FIRST QUARTER RESULTS

First Quarter 2007 Earnings of $75.1 Million

Major Capital Projects On Schedule, On Budget

2007 Consolidated Earnings Guidance Affirmed

BERLIN, Connecticut, April 26, 2007—Northeast Utilities (NYSE: NU) today reported first quarter 2007 earnings of $75.1 million, or $0.49 per share, compared with a loss of $10.1 million, or $0.07 per share, in the first quarter of 2006.  NU’s 2007 results include earnings of $70.3 million at the company’s regulated businesses, parent company and service company affiliates, up nearly

34 percent from the $52.5 million those segments earned in the same quarter of 2006.

Charles W. Shivery, NU chairman, president, and chief executive officer, attributed the improved results to the company’s continued investment in its regulated transmission and distribution infrastructure and to the impact of the company’s divestiture of most of its competitive energy businesses in 2006.  In the first quarter of 2006, NU reported a loss of $69.8 million associated with the retail energy marketing business which was sold on June 1, 2006.

“We continue to deploy the proceeds from the sale of our competitive businesses into investments in the energy infrastructure New England needs, and we expect those investments to provide our customers with improved reliability and our shareholders with a competitive return as we move forward,” Shivery said.

Shivery provided the following update on three of the major infrastructure projects NU’s regulated businesses are now constructing.  All three projects are on schedule and on budget:

·

The Connecticut Light and Power Company’s (CL&P) $1.05 billion investment in a new 69-mile, 345-kv line from Middletown, Connecticut to Norwalk, Connecticut is currently approximately 24 percent complete and expected to enter service in 2009.  When complete, the Middletown-Norwalk line is expected to improve long-term reliability throughout the New England region and increase electricity imports into southwest Connecticut by approximately 1,300 megawatts.

·

CL&P’s nine-mile, $183 million, 115-kv Glenbrook cables project between Norwalk and Stamford, Connecticut is currently approximately 30 percent complete and expected to enter service in 2008.  When complete, the project will improve long-term reliability by adding two additional 115-kv cables that will strengthen the connection between the transmission system in Norwalk and the growing Stamford-Greenwich area.

·

CL&P's $72 million share of an 11-mile undersea replacement cable between Norwalk, Connecticut and Northport, Long Island is on schedule.  Engineering, permitting, contracting, and cable manufacturing are complete or well underway.  The project is approximately 33 percent complete and expected to enter service in 2008.  The new solid cables will replace 35-year-old existing oil-filled cables and will enhance reliability and transfer capacity in the constrained southwest Connecticut and Long Island regions.

·

Yankee Gas Services Company’s $108 million, 1.2 bcf liquefied natural gas facility in Waterbury, Connecticut is approximately 91 percent complete, and Yankee Gas expects to begin filling it with natural gas in June 2007.  The facility is expected to enable Yankee Gas to reduce by about $26.5 million annually the pipeline capacity and commodity charges billed to Yankee Gas customers.

NU’s capital expenditures totaled $221.4 million in the first quarter of 2007, compared with $192.7 million in the first quarter of 2006.

Regulated company results

Shivery said NU’s transmission earnings were $15.9 million in the first quarter of 2007, compared with $12.7 million in the same period of 2006.  The improved results were due primarily to a higher level of investment in this segment as the company builds out its infrastructure to meet the region’s reliability needs.  In October 2006, CL&P completed a $340 million, 21-mile, 345-kv transmission project between Bethel, Connecticut and Norwalk, Connecticut.  In addition to improving regional reliability, completion of that line has reduced congestion costs charged to CL&P customers.

CL&P’s electric distribution earnings were $20.6 million in the first quarter of 2007, compared with $23.4 million in the first quarter of 2006.  A 1.6 percent increase in retail sales was largely offset by higher interest expense.  In addition, quarter-to-quarter comparisons were negatively affected by a non-recurring state tax settlement that benefited CL&P by $4.9 million in the first quarter of 2006.

Public Service Company of New Hampshire’s (PSNH) distribution and generation earnings were $8.1 million in the first quarter of 2007, compared with $2.5 million in the same quarter of 2006.  The improved results were primarily due to a temporary distribution rate increase that took effect July 1, 2006, a 2.7 percent increase in electric sales, and a lower effective tax rate.

Western Massachusetts Electric Company’s (WMECO) distribution earnings were $5.9 million in the first quarter of 2007, compared with $4.2 million in the first quarter of 2006.  WMECO benefited from a 1.7 percent increase in retail sales and the impact of a distribution rate settlement that took effect January 1, 2007.

Overall, the NU system’s retail electric sales rose 1.9 percent in the first quarter of 2007, compared with the same period of 2006.  They were up 0.3 percent on a weather-adjusted basis.  Actual residential electric sales in the first quarter of 2007 were up 5.0 percent over the same period of 2006, up 2.0 percent weather-adjusted; commercial sales were up 1.3 percent and up 0.7 percent weather-adjusted; and industrial sales were down 6.5 percent on both an actual and weather-adjusted basis.

Yankee Gas earned $13.6 million in the first quarter of 2007, compared with $11.8 million in the first quarter of 2006.  The improved results were due primarily to colder weather which helped generate a 10.9 percent increase in firm natural gas sales, compared with the same period of 2006.

Competitive businesses

NU’s remaining competitive energy businesses earned $4.8 million in the first quarter of 2007, compared with a loss of $62.6 million in the first quarter of 2006.  The improved results were due to positive outcomes related to the divestiture of these businesses and to the absence of losses recorded in 2006 related to NU’s former retail marketing business.

Parent and other affiliates

NU parent and other service company affiliates earned $6.2 million in the first quarter of 2007, compared with a loss of $2.1 million in the first quarter of 2006.  The improved results were due primarily to interest NU parent earned in 2007 on the proceeds related to the company’s November 1, 2006 sale of its competitive generation facilities.

2007 Earnings Guidance

NU today affirmed its 2007 consolidated earnings guidance of between $1.30 per share and $1.55 per share.  NU continues to project earnings from its electric and natural gas distribution and regulated electric generation of between $0.80 per share and $0.90 per share in 2007.  NU projects transmission earnings of between $0.50 per share and $0.60 per share in 2007 and parent company earnings of between $0.00 and $0.05 per share.  NU also projects approximately breakeven results at its remaining competitive businesses in 2007, excluding the impact of marking to market its decreasing level of wholesale electricity commitments.  

The following table reconciles 2007 and 2006 first-quarter results:  

		First Quarter
2006	Reported EPS	($0.07)
	Competitive business loss in 2006	$0.41
	Regulated and Parent EPS in 2006	$0.34
	Higher transmission earnings in 2007	$0.02
	Higher regulated distribution and generation earnings in 2007	$0.05
	Improved NU Parent results in 2007	$0.05
	Regulated and Parent EPS in 2007	$0.46
	Competitive business earnings in 2007	$0.03
2007	Reported Basic EPS	$0.49
2007	Reported Diluted EPS	$0.49

Financial results for the first quarter of 2007 and 2006 for NU’s regulated and competitive segments are noted below:

Three months ended:

(in millions)	March 31, 2007	March 31, 2006	Increase (Decrease)
CL&P Distribution	$20.6	$23.4	($2.8)
PSNH Distribution/Generation	$8.1	$2.5	$5.6
WMECO Distribution	$5.9	$4.2	$1.7
Yankee Gas	$13.6	$11.8	$1.8
Total—Distribution/ Regulated Generation	$48.2	$41.9	$6.3
CL&P Transmission	$13.0	$9.1	$3.9
PSNH Transmission	$1.9	$2.6	($0.7)
WMECO Transmission	$1.0	$1.0	---
Total—Transmission	$15.9	$12.7	$3.2
Total—Regulated Businesses	$64.1	$54.6	$9.5
NU Parent and Other Affiliates	$6.2	($2.1)	$8.3
Total—Regulated and Parent	$70.3	$52.5	$17.8
Total—Competitive Energy	$4.8	($62.6)	$67.4
Reported Earnings	$75.1	($10.1)	$85.2

During the first quarter of 2007, NU had approximately 154.4 million average shares outstanding and 154.8 million average common shares diluted.  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, plans, objectives, future financial performance and other statements that are not historical facts.  These statements are “forward looking statements” within the meaning of the Private Litigation Reform Act of 1995.  In some cases, you can identify these forward looking statements by words such as “estimate”, “expect”, “anticipate”, “intend”, “plan”, “believe”, “forecast”, “should”, “could”, and 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 by state and federal regulatory bodies, competition and industry restructuring, changes in economic conditions, changes in weather patterns, changes in laws, regulations or regulatory policy, changes in levels and timing of capital expenditures, developments in legal or public policy doctrines, technological developments, changes in accounting standards and financial reporting regulations, fluctuations in the value of our 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 our reports to the SEC.  We undertake no obligation to update the information contained in any forward looking statements to reflect developments or circumstances occurring after the statement is made.

#  #  #  #

Note:  NU will webcast an investor call today, April 26, 2007, at 4 p.m. Eastern Daylight Time.  The call can be accessed through NU’s website at www.nu.com.

EX-99

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
	March 31,	December 31,
	2007	2006
	(Thousands of Dollars)
ASSETS
Current Assets:
Cash and cash equivalents	$                  214,730	$                  481,911
Special deposits	29,850	48,524
Investments in securitizable assets	397,168	375,655
Receivables, less provision for uncollectible
accounts of $20,689 in 2007 and $22,369 in 2006	362,721	361,201
Unbilled revenues	80,728	88,170
Taxes receivable	5,494	-
Fuel, materials and supplies	139,317	173,882
Marketable securities - current	64,464	67,546
Derivative assets - current	117,716	88,857
Prepayments and other	45,955	45,305
	1,458,143	1,731,051
Property, Plant and Equipment:
Electric utility	7,162,936	7,129,526
Gas utility	859,649	858,961
Other	310,555	299,389
	8,333,140	8,287,876
Less: Accumulated depreciation: $2,469,757 for electric
and gas utility and $172,761 for other in 2007;
$2,440,544 for electric and gas utility and
$174,562 for other in 2006	2,642,518	2,615,106
	5,690,622	5,672,770
Construction work in progress	705,984	569,416
	6,396,606	6,242,186
Deferred Debits and Other Assets:
Regulatory assets	2,344,353	2,449,132
Goodwill	287,591	287,591
Prepaid pension	23,584	21,647
Marketable securities - long-term	55,544	50,843
Derivative assets - long-term	288,140	271,755
Other	182,127	249,031
	3,181,339	3,329,999
Total Assets	$             11,036,088	$             11,303,236
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)
	March 31,	December 31,
	2007	2006
	(Thousands of Dollars)
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Long-term debt - current portion	$                      4,435	$                      4,877
Accounts payable	503,887	569,940
Accrued taxes	1,136	364,659
Accrued interest	49,338	53,782
Derivative liabilities - current	101,792	125,843
Counterparty deposits	1,400	148
Other	147,102	244,586
	809,090	1,363,835
Rate Reduction Bonds	1,083,768	1,177,158
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	1,109,483	1,099,433
Accumulated deferred investment tax credits	31,336	32,427
Deferred contractual obligations	259,420	271,528
Regulatory liabilities	827,428	809,324
Derivative liabilities - long-term	120,683	148,557
Accrued postretirement benefits	198,544	203,320
Other	398,961	322,840
	2,945,855	2,887,429
Capitalization:
Long-Term Debt	3,263,933	2,960,435
Preferred Stock of Subsidiary - Non-Redeemable	116,200	116,200
Common Shareholders' Equity:
Common shares, $5 par value - authorized
225,000,000 shares; 175,653,482 shares issued
and 154,529,376 shares outstanding in 2007 and
175,420,239 shares issued and 154,233,141 shares
outstanding in 2006	878,267	877,101
Capital surplus, paid in	1,453,591	1,449,586
Deferred contribution plan - employee stock
ownership plan	(32,820)	(34,766)
Retained earnings	876,214	862,660
Accumulated other comprehensive income	3,516	4,498
Treasury stock, 19,705,353 shares in 2007
and 19,684,249 shares in 2006	(361,526)	(360,900)
Common Shareholders' Equity	2,817,242	2,798,179
Total Capitalization	6,197,375	5,874,814
Total Liabilities and Capitalization	$             11,036,088	$             11,303,236
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/(LOSS)
(Unaudited)
	Three Months Ended
	March 31,
	2007	2006
	(Thousands of Dollars,
	except share information)
Operating Revenues	$                   1,704,293	$               2,147,388
Operating Expenses:
Operation -
Fuel, purchased and net interchange power	1,070,486	1,544,030
Other	238,135	309,732
Restructuring charges	193	5,143
Maintenance	45,997	38,421
Depreciation	63,469	58,830
Amortization	6,223	58,471
Amortization of rate reduction bonds	51,799	48,678
Taxes other than income taxes	72,590	76,425
Total operating expenses	1,548,892	2,139,730
Operating Income	155,401	7,658
Interest Expense:
Interest on long-term debt	36,213	33,571
Interest on rate reduction bonds	16,350	19,881
Other interest	6,703	6,000
Interest expense, net	59,266	59,452
Other Income	14,069	14,204
Income/(Loss) from Continuing Operations Before
Income Tax Expense/(Benefit)	110,204	(37,590)
Income Tax Expense/(Benefit)	32,578	(18,305)
Income/(Loss) from Continuing Operations Before
Preferred Dividends of Subsidiary	77,626	(19,285)
Preferred Dividends of Subsidiary	1,390	1,390
Income/(Loss) from Continuing Operations	76,236	(20,675)
Discontinued Operations:
Income from Discontinued Operations	-	17,583
Loss from Sale of Discontinued Operations	(1,908)	-
Income Tax Benefit/(Expense)	766	(7,014)
(Loss)/Income from Discontinued Operations	(1,142)	10,569
Net Income/(Loss)	$                        75,094	$                   (10,106)
Basic and Fully Diluted Earnings/(Loss) Per Common Share:
Income/(Loss) from Continuing Operations	$                            0.50	$                       (0.13)
(Loss)/Income from Discontinued Operations	(0.01)	0.06
Basic and Fully Diluted Earnings/(Loss) Per Common Share	$                            0.49	$                       (0.07)
Basic Common Shares Outstanding (weighted average)	154,393,358	153,442,640
Fully Diluted Common Shares Outstanding (weighted average)	154,804,716	153,442,640
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.