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): February 4, 2014 (February 4, 2014)
NORTHEAST UTILITIES
(Exact name of registrant as specified in its charter)
Massachusetts | 001-5324 | 04-2147929 |
(State or other jurisdiction of organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
One Federal Street, Building 111-4 Springfield, Massachusetts | 01105 |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (860) 665-5000
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 (see General Instruction A.2. below):
¨
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))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 8
Other Events
Item 8.01
Other Events.
On February 4, 2014, the Company issued a news release announcing that the Board of Trustees had approved an increase in the quarterly dividend to $0.3925 per share payable on March 31, 2014, to shareholders of record at the close of business on March 3, 2014. A copy of the news release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Section 9
Financial Statements and Exhibits
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit Number | Description |
99.1 | News release, dated February 4, 2014, issued by Northeast Utilities announcing dividend increase. |
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NORTHEAST UTILITIES
(Registrant)
February 4, 2014
By:
/s/ JAY S. BUTH
Jay S. Buth
Vice President, Controller
and Chief Accounting Officer
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EXHIBIT INDEX
Exhibit Number | Description |
99.1 | News release, dated February 4, 2014, issued by Northeast Utilities announcing dividend increase. |
Exhibit 99.1
56 Prospect St., Hartford, Connecticut 06103-2818 800 Boylston St., Boston, Massachusetts 02199 |
News Release
Northeast Utilities Raises Common Dividend By 6.8%
HARTFORD, Conn. and BOSTON, Mass. (February 4, 2014) The Northeast Utilities (NYSE: NU) Board of Trustees today approved a quarterly dividend of $0.3925 per share, payable on March 31, 2014, to shareholders of record as of the close of business on March 3, 2014.
The March 2014 dividend represents a 6.8 percent increase over NUs previous quarterly dividend level.
This increase underscores our confidence in our regulated business model, which allows us to grow our earnings and dividends at a rate that is in the upper tier of the nations regulated utilities, while at the same time we invest billions of dollars to strengthen the regions electric and natural gas delivery systems, said Thomas J. May, NU chairman, president and chief executive officer.
Northeast Utilities (NU) operates New Englands largest energy delivery company. NU and its companies are committed to safety, reliability, environmental leadership and stewardship, as well as expanding energy options for approximately 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. NU is traded on the New York Stock Exchange under the symbol NU and has approximately 315 million common shares outstanding. Learn more about NU and its family of companies at www.nu.com.
MEDIA CONTACT:
Jeffrey R. Kotkin
(860) 665-5154
This news release includes statements concerning NUs expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth 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 through the use of words or phrases such as estimate, expect, anticipate, intend, plan, project, believe, forecast, should, could, and other 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, cyber breaches, acts of war or terrorism, or grid disturbances; the possibility that expected merger synergies will not be realized or will not be realized within the expected time period; actions or inaction of local, state and federal regulatory and taxing bodies; changes in business and economic conditions, including their impact on interest rates, bad debt expense and demand for NUs products and services; fluctuations in weather patterns; changes in laws, regulations or regulatory policy; changes in levels or timing of capital expenditures; disruptions in the capital markets or other events that make NUs access to necessary capital more difficult or costly; developments in legal or public policy doctrines; technological developments; changes in accounting standards and financial reporting regulations; actions of rating agencies; and other presently unknown or unforeseen factors. Other risk factors are detailed from time to time in NUs reports filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which such statement is made, and NU undertakes no obligation to update the information contained in any forward-looking statements to reflect developments or circumstances occurring after the statement is made or to reflect the occurrence of unanticipated events.
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