DERIVATIVE INSTRUMENTS (Tables)

		As of March 31, 2012
		Derivatives Not
		Designated as Hedges
		Commodity
		and Capacity		Commodity						Net Amount
		Contracts		Supply and						Recorded as
		Required by		Price Risk		Hedging		Collateral		Derivative
(Millions of Dollars)		Regulation		Management		Instruments		and Netting ⁽¹⁾		Asset/(Liability)⁽²⁾
Current Derivative Assets:
Level 3:
	CL&P	$	17.7	$	0.3	$	-	$	(11.8)	$	6.2
	Other		-		6.7		-		-		6.7
Total Current Derivative Assets		$	17.7	$	7.0	$	-	$	(11.8)	$	12.9

Long-Term Derivative Assets:
Level 3:
	CL&P	$	166.5	$	-	$	-	$	(75.9)	$	90.6
	Other		-		3.7		-		-		3.7
Total Long-Term Derivative Assets		$	166.5	$	3.7	$	-	$	(75.9)	$	94.3

Current Derivative Liabilities:
Level 2:
	Other	$	-	$	(17.6)	$	-	$	7.5	$	(10.1)
Level 3:
	CL&P		(97.5)		-		-		-		(97.5)
	WMECO		(0.7)		-		-		-		(0.7)
Total Current Derivative Liabilities		$	(98.2)	$	(17.6)	$	-	$	7.5	$	(108.3)

Long-Term Derivative Liabilities:
Level 2:
	Other	$	-	$	(13.8)	$	-	$	-	$	(13.8)
Level 3:
	CL&P		(898.9)		-		-		-		(898.9)
	WMECO		(11.6)		-		-		-		(11.6)
Total Long-Term Derivative Liabilities		$	(910.5)	$	(13.8)	$	-	$	-	$	(924.3)

		As of December 31, 2011
		Derivatives Not Designated
		as Hedges
		Commodity
		and Capacity		Commodity						Net Amount
		Contracts		Supply and						Recorded as
		Required by		Price Risk		Hedging		Collateral		Derivative
(Millions of Dollars)		Regulation		Management		Instruments		and Netting⁽¹⁾		Asset/(Liability)⁽²⁾
Current Derivative Assets:
Level 2:
	Other	$	-	$	-	$	2.3	$	-	$	2.3
Level 3:
	CL&P		17.5		0.4		-		(11.6)		6.3
	Other		-		4.7		-		-		4.7
Total Current Derivative Assets		$	17.5	$	5.1	$	2.3	$	(11.6)	$	13.3

Long-Term Derivative Assets:
Level 3:
	CL&P	$	174.2	$	-	$	-	$	(80.4)	$	93.8
	Other		-		4.6		-		-		4.6
Total Long-Term Derivative Assets		$	174.2	$	4.6	$	-	$	(80.4)	$	98.4

Current Derivative Liabilities:
Level 3:
	CL&P	$	(95.9)	$	-	$	-	$	-	$	(95.9)
	WMECO		(0.1)		-		-		-		(0.1)
	Other		-		(16.1)		-		4.5		(11.6)
Total Current Derivative Liabilities		$	(96.0)	$	(16.1)	$	-	$	4.5	$	(107.6)

Long-Term Derivative Liabilities:
Level 3:
	CL&P	$	(935.8)	$	-	$	-	$	-	$	(935.8)
	WMECO		(7.2)		-		-		-		(7.2)
	Other		-		(17.3)		-		0.4		(16.9)
Total Long-Term Derivative Liabilities		$	(943.0)	$	(17.3)	$	-	$	0.4	$	(959.9)


			Amount of Gain/(Loss) Recognized on Derivative Instrument
		Location of Gain or Loss	For the Three Months Ended
(Millions of Dollars)		Recognized on Derivative	March 31, 2012		March 31, 2011
NU
Commodity and Capacity Contracts
	Required by Regulation	Regulatory Assets	$	6.1	$	(30.1)
Commodity Supply and Price Risk
	Management	Regulatory Assets		(0.1)		(0.3)
Commodity Supply and Price Risk		Fuel, Purchased and Net
	Management	Interchange Power		(0.8)		0.3

CL&P
Commodity and Capacity Contracts
	Required by Regulation	Regulatory Assets		11.1		(30.1)
Commodity Supply and Price Risk
	Management	Regulatory Assets		(0.2)		(1.0)

WMECO
Commodity and Capacity Contracts
	Required by Regulation	Regulatory Assets		(5.0)		-

	For the Three Months Ended
	March 31, 2012				March 31, 2011
(Millions of Dollars)	Swap		Hedged Debt		Swap		Hedged Debt
Changes in Fair Value	$	-	$	-	$	0.4	$	(0.4)
Interest Recorded in Net Income		-		2.5		-		2.7

	Gains Recognized in AOCI		Losses Reclassified from AOCI
	on Derivative Instruments		into Interest Expense
	For the Three Months Ended		For the Three Months Ended
(Millions of Dollars)	March 31, 2011		March 31, 2012		March 31, 2011
NU	$	1.9	$	(0.7)	$	(0.1)
CL&P		-		(0.2)		(0.2)
PSNH		1.5		(0.5)		-
WMECO		0.4		(0.1)		-

		For the Three Months Ended March 31, 2011
(Millions of Dollars)		NU			PSNH		WMECO
Balance as of Beginning of Period		$	(4.2)	$	(0.6)	$	(0.1)
	Cash Flow Hedging Transactions Entered into for the Period		1.2		0.9		0.2
Net Change Associated with Hedging Transactions			1.2		0.9		0.2
Total Fair Value Adjustments Included in Accumulated
	Other Comprehensive Loss as of End of Period	$	(3.0)	$	0.3	$	0.1

As of March 31, 2012

As of December 31, 2011

Additional Standby

Fair Value

LOCs Required if

Fair Value

LOCs Required if

Subject to Credit

Cash

Downgraded

Subject to Credit

Cash

Downgraded

Risk Contingent

Collateral

Below Investment

Risk Contingent

Collateral

Below Investment

(Millions of Dollars)

Features

Posted

Grade

Features

Posted

Grade

(25.1)

7.5

17.4

(23.5)

4.1

19.9

			As of March 31, 2012					As of March 31, 2011
		Commodity						Commodity
		and Capacity		Commodity				and Capacity		Commodity
		Contracts		Supply and				Contracts		Supply and
NU		Required By		Price Risk		Total		Required By		Price Risk		Total
(Millions of Dollars)		Regulation		Management		Level 3		Regulation		Management		Level 3
Derivatives, Net:
Fair Value as of Beginning of Period		$	(939.3)	$	(22.9)	$	(962.2)	$	(808.0)	$	(32.2)	$	(840.2)
Transfer to Level 2			-		32.2		32.2		-		-		-
Net Realized/Unrealized Gains/(Losses) Included in:
	Net Income⁽¹⁾		-		8.0		8.0		-		0.3		0.3
	Regulatory Assets		6.1		(0.1)		6.0		(30.1)		(1.1)		(31.2)
Settlements			21.0		(6.5)		14.5		(5.8)		4.2		(1.6)
Fair Value as of End of Period		$	(912.2)	$	10.7	$	(901.5)	$	(843.9)	$	(28.8)	$	(872.7)

		As of March 31, 2012									As of March 31, 2011
		CL&P						WMECO			CL&P
		Commodity						Commodity			Commodity
		and Capacity		Commodity				and Capacity			and Capacity		Commodity
		Contracts		Supply and				Contracts			Contracts		Supply and
		Required By		Price Risk				Required By			Required By		Price Risk
(Millions of Dollars)		Regulation		Management		Total Level 3		Regulation			Regulation		Management		Total Level 3
Derivatives, Net:
Fair Value as of Beginning of Period		$	(932.0)	$	0.4	$	(931.6)	$	(7.3)	$	(808.0)	$	1.9	$	(806.1)
Net Realized/Unrealized
	Gains/(Losses) Included in
	Regulatory Assets		11.1		(0.2)		10.9		(5.0)		(30.1)		(1.0)		(31.1)
Settlements			21.0		0.1		21.1		-		(5.8)		0.4		(5.4)
Fair Value as of End of Period		$	(899.9)	$	0.3	$	(899.6)	$	(12.3)	$	(843.9)	$	1.3	$	(842.6)

	Range	Period Covered
Energy Prices:
NU	$43 - $82 per MWh	2017 - 2027
CL&P	$49 - $55 per MWh	2017 - 2020
WMECO	$43 - $82 per MWh	2017 - 2027

Capacity Prices:
NU	$1.40 - $10.18 per kW-Month	2015 - 2027
CL&P	$1.40 - $9.50 per kW-Month	2015 - 2026
WMECO	$1.40 - $10.18 per kW-Month	2015 - 2027

Forward Reserve:
NU, CL&P	$0.75 - $1.00 per kW-Month	2012 - 2024

REC Prices:
NU, WMECO	$25 - $85 per REC	2012 - 2027

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details