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):  August 1, 2008

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)

[  ]

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 August 1, 2008, Northeast Utilities issued a news release announcing its unaudited results of operations for the second quarter and first six months of 2008 and related financial information for certain of its subsidiaries for the same periods.  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, is "furnished" and shall not be deemed "filed" with the Securities and Exchange Commission, and will not be 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 7 -

Regulation FD

Item 7.01

Regulation FD Disclosure

On August 4, 2008, Northeast Utilities will hold its earnings conference call for the second quarter of 2008 and may refer to certain slides posted on its website.  The slides are attached hereto 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, is "furnished" and shall not be deemed "filed" with the Securities and Exchange Commission, and will not be 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 August 1, 2008.
Exhibit 99.2	Financial Report for the three month and six month periods ending June 30, 2008.
Exhibit 99.3	Slides to be utilized during earnings conference call.

[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 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/ Shirley M. Payne
Name:	Shirley M. Payne
Title:	Vice President - Accounting and Controller

Date:  August 1, 2008

EX-99.1

NORTHEAST UTILITIES AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2008	2007	2008	2007
	(Thousands of Dollars, except share information)
Operating Revenues	$       1,325,345	$       1,391,772	$  2,845,312	$    3,095,290
Operating Expenses:
Operation -
Fuel, purchased and net interchange power	661,699	804,802	1,485,016	1,875,288
Other	237,203	245,879	523,084	483,112
Maintenance	70,896	59,842	127,605	105,827
Depreciation	68,321	63,420	136,075	126,889
Amortization of regulatory assets/(liabilities), net	41,945	(3,453)	70,800	2,770
Amortization of rate reduction bonds	47,884	47,114	101,234	98,913
Taxes other than income taxes	59,278	57,360	131,107	129,950
Total operating expenses	1,187,226	1,274,964	2,574,921	2,822,749
Operating Income	138,119	116,808	270,391	272,541
Interest Expense:
Interest on long-term debt	46,449	40,234	89,222	76,447
Interest on rate reduction bonds	12,987	15,839	26,703	32,189
Other interest	6,624	3,504	12,776	10,223
Interest expense, net	66,060	59,577	128,701	118,859
Other Income, Net	10,370	11,873	23,928	25,942
Income from Continuing Operations Before
Income Tax Expense	82,429	69,104	165,618	179,624
Income Tax Expense	23,192	21,703	46,598	54,426
Income from Continuing Operations Before
Preferred Dividends of Subsidiary	59,237	47,401	119,020	125,198
Preferred Dividends of Subsidiary	1,389	1,389	2,779	2,779
Income from Continuing Operations	57,848	46,012	116,241	122,419
Discontinued Operations:
Income from Discontinued Operations	-	564	-	248
Gains from Sale/Disposition of Discontinued Operations	-	3,925	-	2,017
Income Tax Expense	-	1,948	-	1,037
Income from Discontinued Operations	-	2,541	-	1,228
Net Income	$            57,848	$            48,553	$     116,241	$       123,647
Basic and Fully Diluted Earnings Per Common Share:
Income from Continuing Operations	$                0.37	$                0.30	$           0.75	$             0.79
Income from Discontinued Operations	-	0.01	-	0.01
Basic and Fully Diluted Earnings Per Common Share	$                0.37	$                0.31	$           0.75	$             0.80
Basic Common Shares Outstanding (weighted average)	155,476,492	154,729,676	155,381,302	154,539,678
Fully Diluted Common Shares Outstanding (weighted average)	155,895,348	155,213,094	155,808,481	155,102,672
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)
	June 30,	December 31,
	2008	2007
	(Thousands of Dollars)
ASSETS
Current Assets:
Cash and cash equivalents	$               12,128	$               15,104
Investments in securitizable assets	-	308,182
Receivables, less provision for uncollectible
accounts of $41,863 in 2008 and $25,529 in 2007	584,494	401,283
Unbilled revenues	195,414	101,860
Taxes receivable	75,574	13,850
Fuel, materials and supplies	228,767	210,850
Marketable securities - current	82,488	70,816
Derivative assets - current	177,793	105,517
Prepayments and other	37,028	58,794
	1,393,686	1,286,256
Property, Plant and Equipment:
Electric utility	8,027,373	7,594,606
Gas utility	1,003,459	977,290
Other	287,391	310,535
	9,318,223	8,882,431
Less: Accumulated depreciation: $2,559,324 for electric
and gas utility and $158,305 for other in 2008;
$2,483,570 for electric and gas utility and
$178,193 for other in 2007	2,717,629	2,661,763
	6,600,594	6,220,668
Construction work in progress	1,121,154	1,009,277
	7,721,748	7,229,945
Deferred Debits and Other Assets:
Regulatory assets	2,449,551	2,057,083
Goodwill	287,591	287,591
Prepaid pension	219,431	202,512
Marketable securities - long-term	38,625	53,281
Derivative assets - long-term	446,631	298,001
Other	151,989	167,153
	3,593,818	3,065,621
Total Assets	$        12,709,252	$        11,581,822
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)
	June 30,	December 31,
	2008	2007
	(Thousands of Dollars)
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes payable to banks	$                  87,000	$              79,000
Long-term debt - current portion	54,286	154,286
Accounts payable	568,774	598,546
Accrued interest	61,786	56,592
Derivative liabilities - current	35,898	71,601
Other	304,795	246,125
	1,112,539	1,206,150
Rate Reduction Bonds	802,259	917,436
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes	1,109,783	1,067,490
Accumulated deferred investment tax credits	27,108	28,845
Deferred contractual obligations	205,935	222,908
Regulatory liabilities	897,282	851,780
Derivative liabilities - long-term	811,147	208,461
Accrued postretirement benefits	170,641	181,507
Other	426,614	383,611
	3,648,510	2,944,602
Capitalization:
Long-Term Debt	4,090,288	3,483,599
Preferred Stock of Subsidiary - Non-Redeemable	116,200	116,200
Common Shareholders' Equity:
Common shares, $5 par value - authorized
225,000,000 shares; 176,160,857 shares issued
and 155,523,764 shares outstanding in 2008 and
175,924,694 shares issued and 155,079,770 shares
outstanding in 2007	880,804	879,623
Capital surplus, paid in	1,469,588	1,465,946
Deferred contribution plan - employee stock
ownership plan	(21,481)	(26,352)
Retained earnings	967,329	946,792
Accumulated other comprehensive income	4,819	9,359
Treasury stock, 19,708,136 shares in 2008
and 19,705,545 shares in 2007	(361,603)	(361,533)
Common Shareholders' Equity	2,939,456	2,913,835
Total Capitalization	7,145,944	6,513,634
Total Liabilities and Capitalization	$           12,709,252	$       11,581,822
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)		Six  Months Ended
		June 30,
		2008		2007
		(Thousands of Dollars)
Operating Activities:
Net income	$	116,241	$	123,647
Adjustments to reconcile to net cash flows
provided by/(used in) operating activities:
Bad debt expense		13,163		12,917
Depreciation		136,075		126,889
Deferred income taxes		52,995		(10,158)
Pension expense, net of capitalized portion		4,011		10,388
(Deferral)/amortization of recoverable energy costs		(6,046)		6,248
Amortization of rate reduction bonds		101,234		98,913
Amortization of regulatory assets, net		70,800		2,770
Regulatory (refunds and underrecoveries)/overrecoveries		(128,830)		64,174
Derivative assets and liabilities		(25,216)		(36,830)
Deferred contractual obligations		(16,973)		(23,489)
Other non-cash adjustments		(7,165)		(2,989)
Other sources of cash		274		-
Other uses of cash		(15,552)		(35,019)
Changes in current assets and liabilities:
Receivables and unbilled revenues, net		35,760		56,248
Fuel, materials and supplies		(17,946)		(12,135)
Investments in securitizable assets		(25,787)		17,674
Other current assets		6,426		7,177
Accounts payable		(20,648)		(67,312)
Counterparty deposits and margin special deposits		59,110		18,926
Taxes receivable/accrued		(31,412)		(372,867)
Other current liabilities		(21,489)		(22,672)
Net cash flows provided by/(used in) operating activities		279,025		(37,500)
Investing Activities:
Investments in property and plant		(625,133)		(491,137)
Proceeds from sales of investment securities		128,778		101,113
Purchases of investment securities		(130,105)		(103,902)
Rate reduction bond escrow and other deposits		9,010		8,567
Other investing activities		2,385		42
Net cash flows used in investing activities		(615,065)		(485,317)
Financing Activities:
Issuance of common shares		4,562		8,520
Issuance of long-term debt		660,000		345,000
Retirements of rate reduction bonds		(115,177)		(109,755)
Increase in short-term debt		8,000		-
Retirements of long-term debt		(154,286)		(4,877)
Cash dividends on common shares		(62,574)		(58,502)
Other financing activities		(7,461)		(657)
Net cash flows provided by financing activities		333,064		179,729
Net decrease in cash and cash equivalents		(2,976)		(343,088)
Cash and cash equivalents - beginning of period		15,104		481,911
Cash and cash equivalents - end of period	$	12,128	$	138,823
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-99.2

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

News Release

CONTACT:

Jeffrey R. Kotkin

OFFICE:

(860) 665-5154

NU REPORTS SECOND QUARTER RESULTS

Consolidated Earnings Guidance Raised

Norwalk-Long Island Undersea Cables Energized

Completion of Middletown-Norwalk Transmission Project Accelerated

BERLIN, Connecticut, August 1, 2008 — Northeast Utilities (NU: NYSE) today reported earnings for the second quarter of 2008 of $57.8 million, or $0.37 per share, compared with earnings of $48.5 million, or $0.31 per share, in the second quarter of 2007.  

NU earned $116.2 million, or $0.75 per share, in the first half of 2008, compared with earnings of $123.6 million, or $0.80 per share, in the first half of 2007.  Results in 2008 include a previously disclosed first quarter charge of $29.8 million, or $0.19 per share, associated with a litigation settlement.  Excluding that charge, NU earned $146.0 million, or $0.94 per share¹, in the first half of 2008.

Charles W. Shivery, NU chairman, president, and chief executive officer, attributed the improved results primarily to growth in the company’s transmission segment where the company is investing heavily to meet the current and future energy needs of its customers and the New England region.

"The investments we have made over the past several years are providing a more reliable and efficient system of delivering energy to our customers, and at the same time benefiting investors through increased earnings and cash flow," Shivery said.  "Our new undersea cables between Norwalk, Connecticut and Long Island entered service on July 29.  As a result, Connecticut and New York customers already are benefiting from a new reliable, environmentally sound connection between two power pools that is so important on the hot, humid days we’ve been having this summer.  We look forward to completing our final two major transmission projects in southwest Connecticut by early 2009 and continuing to invest time and resources in a portfolio of solutions to address the future energy needs of the region’s customers, including access to renewable resources."

2008 Earnings Guidance

NU today raised its consolidated 2008 earnings guidance to between $1.60 per share and $1.75 per share, including the litigation settlement charge noted above, and between $1.80 per share and $1.95 per share¹, excluding it.  NU’s previous consolidated earnings range excluding the charge was between $1.65 per share and $1.90 per share¹.

1

Transmission segment earnings guidance was raised to between $0.85 per share and $0.90 per share¹ from between $0.75 per share and $0.85 per share¹, primarily due to the company’s continued success in managing transmission projects and to the effects of a March 2008 Federal Energy Regulatory Commission decision involving equity returns allowed New England transmission owners.  Distribution and generation segment guidance was narrowed to between $1.05 per share and $1.10 per share¹ from between $1.05 per share and $1.15 per share¹, in part due to sales running below earlier projections.  Additionally, NU now estimates that its competitive businesses will earn between $0.00 per share and $0.05 per share¹ in 2008, rather than the previous breakeven projection.  Operating results in those businesses to date have been better than previously projected.

NU parent and other is projected to lose approximately $0.30 per share¹, including the litigation settlement charge, and $0.10 per share¹, excluding it.  Previously, NU had projected losses of between $0.30 per share and $0.35 per share¹, including the charge, and between $0.10 per share and $0.15 per share, excluding it.  Shivery said parent interest costs are now projected to be lower than previously anticipated.

The following table reconciles the company’s current and former 2008 earnings guidance:

	Previous 2008 EPS Guidance	Current 2008 EPS Guidance
Distribution/Generation	$1.05 - $1.15	$1.05 - $1.10
Transmission	$0.75 - $0.85	$0.85 - $0.90
Competitive	Breakeven	$0.00 - $0.05
Parent and other affiliates, ex. Litigation Charge	($0.15) - ($0.10)	($0.10)
Consolidated, ex. Litigation Charge	$1.65 - $1.90	$1.80 - $1.95
Litigation Charge	($0.19)	($0.19)
Consolidated	$1.45 - $1.70	$1.60 - $1.75

Transmission

NU’s transmission segment earned $35.2 million, or $0.23 per share¹, in the second quarter of 2008 and $67.7 million, or $0.43 per share¹, in the first half of 2008, compared with $21.1 million, or $0.14 per share¹, in the second quarter of 2007 and $37.0 million, or $0.25 per share¹, in the first half of 2007.  Shivery noted that transmission segment earnings have risen as a result of NU’s increased investment in its transmission system to meet customer reliability needs, particularly in southwest Connecticut.  In addition to the Connecticut-Long Island cables entering service earlier this week, Shivery provided the following update on NU’s two other major projects in that area:

§

The Connecticut Light and Power Company’s (CL&P) share of a 69-mile 345-kV transmission line between Norwalk and Middletown, Connecticut is approximately 95 percent complete and expected to be in service early in 2009.  CL&P had originally expected the project to be in service by the end of 2009.  Primarily because of the earlier completion date, CL&P’s share of the project is now expected to cost approximately $1.0 billion, $50 million below the previous $1.05 billion estimate.

§

CL&P’s nine-mile, $223 million, 115-kV Glenbrook Cables underground transmission project between Norwalk and Stamford, Connecticut is approximately 93 percent complete and expected to be in service by the end of 2008.

NU’s capital expenditures totaled $658.4 million in the first six months of 2008, including transmission expenditures of $426.3 million.  

2

Distribution and Generation

NU’s distribution and generation segment earned $25.6 million, or $0.16 per share¹, in the second quarter of 2008 and $79.4 million, or $0.51 per share¹, in the first half of 2008, compared with $23.4 million, or $0.15 per share¹, in the second quarter of 2007 and $71.6 million, or $0.45 per share¹, in the first half of 2007.

CL&P’s distribution segment earned $14.8 million in the second quarter of 2008 and $33.7 million in the first half of 2008, compared with $7.0 million in the second quarter of 2007 and $27.6 million in the first half of 2007.  Improved second quarter and first half 2008 results were due to a $77.8 million annualized rate increase effective February 1, 2008, offset by higher storm-related operation expenses, higher amortization and interest expenses, and a 4 percent decline in year-to-date retail kilowatt-hour sales.

Public Service Company of New Hampshire’s (PSNH) distribution and generation segment earned $10.1 million in the second quarter of 2008 and $21.6 million in the first half of 2008, compared with $12.6 million in the second quarter of 2007 and $20.7 million in the first half of 2007.  The benefits of distribution rate increases effective July 1, 2007 and January 1, 2008 were largely offset by higher operation, interest and depreciation expenses, and the absence of a $2.7 million one-time after-tax benefit PSNH recorded in the second quarter of 2007 when it reflected recovery of certain 2006 transmission expenses.

Western Massachusetts Electric Company’s (WMECO) distribution segment earned $1.7 million in the second quarter of 2008 and $6.5 million in the first half of 2008, compared with $3.5 million in the second quarter of 2007 and $9.4 million in the first half of 2007.  Lower results were due to higher operating expenses, a $1 million after-tax regulatory disallowance, and a 2.9 percent decline in year-to-date retail kilowatt-hour sales.

NU’s overall kilowatt-hour sales were down 4.5 percent in the second quarter of 2008, compared with the second quarter of 2007, and down 3.1 percent during the first half of the year, compared with the same period of 2007.  On a weather-adjusted basis, electric sales were down 4.1 percent in the second quarter and down 2.6 percent through the first six months of 2008.  Shivery said that while commercial sales are off only 0.6 percent this year, the more significant 3.5 percent reduction in residential sales appears to reflect a combination of consumer reaction to tightening household budgets, the effects of the company’s successful energy conservation programs, and milder weather in the second quarter and first half of 2008, compared with 2007.  

Yankee Gas Services Company lost $1.0 million in the second quarter of 2008 and earned $17.6 million in the first half of 2008, compared with a profit of $0.3 million in the second quarter of 2007 and a profit of $13.9 million in the first half of 2007.  The improved year-to-date results were largely due to a distribution rate increase that was effective July 1, 2007, which was partially offset by a second-quarter, $3.5 million after-tax charge resulting from a June 2008 regulatory decision requiring Yankee Gas to refund previous gas cost recoveries.   

Also today, NU updated its estimate of the cost of installing a wet scrubber at PSNH’s coal-fired, two-unit base load Merrimack plant in Bow, New Hampshire.  PSNH now estimates that the total project cost will be approximately $457 million, compared with its previous estimate of $250 million.  PSNH said the revised estimate includes increases in the prices for materials, construction services, and engineering services required to design and build the scrubber and associated plant.  The project is expected to reduce the two units’ mercury emissions by approximately 85 percent and its sulfur dioxide emissions by more than 90 percent.  Under a New Hampshire statute passed in 2006, the scrubber must be operational by July 2013.

3

Competitive businesses

NU Enterprises, Inc. (NUEI), the holding company for NU’s competitive businesses, earned $2.2 million in the second quarter of 2008 and $4.1 million in the first half of 2008, compared with earnings of $2.5 million in the second quarter of 2007 and $7.4 million in the first half of 2007.  Shivery said NUEI’s 2008 profits reflect effective management of its remaining wholesale power arrangements as that business continues to wind down.

Parent and other affiliates

NU parent and other affiliates lost $5.2 million in the second quarter of 2008 and $35.0 million in the first half of 2008, compared with earnings of $1.5 million in the second quarter of 2007 and $7.6 million in the first half of 2007.  The decline in 2008 results primarily reflect the first quarter litigation charge and a reduction in NU parent’s interest income as its cash continues to be invested as equity in operating company infrastructure investments.

The following table reconciles 2008 and 2007 second quarter and first half results.  

		Second Quarter	First Six Months
2007	Reported EPS	$0.31	$0.80
	Improved transmission earnings in 2008	$0.09	$0.18
	Improved distribution and generation earnings in 2008	$0.01	$0.06
	Lower competitive business earnings	---	($0.02)
	Lower parent results, excluding litigation settlement charge	($0.04)	($0.08)
	Reported EPS before litigation charge	$0.37	$0.94
	Litigation settlement charge in 2008	---	($0.19)
2008	Reported EPS	$0.37	$0.75

Financial results for the second quarter and first half of 2008 and 2007 are noted below.

Three months ended:

(in millions)	June 30, 2008	June 30, 2007	Increase (Decrease)	2008 EPS1
CL&P Distribution	$14.8	$7.0	$7.8	$0.10
PSNH Distribution/Generation	$10.1	$12.6	($2.5)	$0.06
WMECO Distribution	$1.7	$3.5	($1.8)	$0.01
Yankee Gas	($1.0)	$0.3	($1.3)	($0.01)
Total—Distribution/Generation	$25.6	$23.4	$2.2	$0.16
CL&P Transmission	$30.0	$17.4	$12.6	$0.19
PSNH Transmission	$3.6	$2.6	$1.0	$0.03
WMECO Transmission	$1.6	$1.1	$0.5	$0.01
Total—Transmission	$35.2	$21.1	$14.1	$0.23
Total—Regulated Businesses	$60.8	$44.5	$16.3	$0.39
NU Parent and Other Affiliates	($5.2)	$1.5	($6.7)	($0.03)
Total—Regulated and Parent	$55.6	$46.0	$9.6	$0.36
Total—Competitive	$2.2	$2.5	($0.3)	$0.01
Reported Earnings	$57.8	$48.5	$9.3	$0.37

4

Six months ended:

(in millions)	June 30, 2008	June 30, 2007	Increase (Decrease)	2008 EPS1
CL&P Distribution	$33.7	$27.6	$6.1	$0.22
PSNH Distribution/Generation	$21.6	$20.7	$0.9	$0.14
WMECO Distribution	$6.5	$9.4	($2.9)	$0.04
Yankee Gas	$17.6	$13.9	$3.7	$0.11
Total—Distribution/Generation	$79.4	$71.6	$7.8	$0.51
CL&P Transmission	$55.8	$30.4	$25.4	$0.36
PSNH Transmission	$8.8	$4.5	$4.3	$0.05
WMECO Transmission	$3.1	$2.1	$1.0	$0.02
Total—Transmission	$67.7	$37.0	$30.7	$0.43
Total—Regulated Businesses	$147.1	$108.6	$38.5	$0.94
NU Parent and Other Affiliates, ex. litigation charge	($5.2)	$7.6	($12.8)	($0.03)
Total—Competitive	$4.1	$7.4	($3.3)	$0.03
Total—ex litigation charge	$146.0	$123.6	$22.4	$0.94
Litigation charge	($29.8)	---	($29.8)	($0.19)
Reported Earnings	$116.2	$123.6	($7.4)	$0.75

Retail sales data:

Gwh for 3 months ended	June 30, 2008	June 30, 2007	% Change Actual	% Change Weather Norm.
CL&P	5,314	5,644	(5.8%)	(5.5%)
PSNH	1,908	1,927	(1.0%)	(0.4%)
WMECO	915	951	(3.8%)	(3.5%)
Total NU	8,133	8,518	(4.5%)	(4.1%)
Yankee Gas firm volumes in mmcf for 3 mos. ended	7,217	7,045	2.4%	7.4%

Retail sales data:

Gwh for 6 months ended	June 30, 2008	June 30, 2007	% Change Actual	% Change Weather Norm.
CL&P	11,286	11,758	(4.0%)	(3.5%)
PSNH	3,963	3,984	(0.5%)	(0.1%)
WMECO	1,919	1,977	(2.9%)	(2.5%)
Total NU	17,160	17,711	(3.1%)	(2.6%)
Yankee Gas firm volumes in mmcf for 6 mos. ended	22,319	22,918	(2.6%)	1.2%

NU has approximately 155 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, 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 Securities Litigation Reform Act of 1995.  In some cases, readers can identify these forward-looking statements by words such as

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"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 or inactions by local, 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 or timing of capital expenditures; developments in legal or public policy doctrines; technological developments; changes in accounti ng standards and financial reporting regulations; fluctuations in the value of our remaining competitive electricity positions; actions of rating agencies; subsequent recognition, derecognition and measurement of tax positions; and other presently unknown or unforeseen factors. Other risk factors are detailed from time to time in our reports to the Securities and Exchange Commission.  Any forward looking statement speaks only as of the date on which such statement is made, and 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.

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.  The EPS of each segment does not represent a direct legal interest in the assets and liabilities allocated to any one segment but rather represents 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) measure that is calculated by dividing the net income or loss of each segment by the average fully diluted NU common shares outstanding for the period.  Management uses this measure to provide segmented earnings guidance and believes that this measurement is useful to investors to evaluate the actual financial performance and contribution of NU’s business segments.  This release also references our 2008 ear nings and EPS and 2008 guidance excluding a significant charge associated with a litigation settlement payment made to Consolidated Edison, Inc.  Due to the nature and significance of the litigation charge, management believes that this non-GAAP presentation is more representative of our performance and provides additional and useful information to investors in analyzing historical and future performance.  These non-GAAP measures should not be considered as an alternative to NU consolidated net income and EPS determined in accordance with GAAP as an indicator of NU’s operating performance.

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Note:  NU will webcast an investor call Monday, August 4 at 10 a.m. Eastern Daylight Time.  The call can be accessed through NU’s website at www.nu.com.  Slides associated with the webcast will be posted earlier Monday in the Investors section of NU’s website under Presentations and Webcasts.

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EX-99.3