SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BUTLER GREGORY B

(Last)

(First)

(Middle)

NORTHEAST UTILITIES

107 SELDEN STREET

(Street)

BERLIN

06037

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NORTHEAST UTILITIES [ NU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior VP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, $5 par value								2,512⁽¹⁾	I	By 401(k) Plan Trustee
Common Shares, $5 par value								168⁽²⁾	I	Deferred Comp. Plan
Common Shares, $5 par value	12/04/2006		M		9,000	A	$18.4375	55,839⁽³⁾	D
Common Shares, $5 par value	12/04/2006		M		13,200	A	$18.58	69,039⁽³⁾	D
Common Shares, $5 par value	12/04/2006		M		7,600	A	$21.03	76,639⁽³⁾	D
Common Shares, $5 par value	12/04/2006		S		9,000	D	$28.4082	67,639⁽³⁾	D
Common Shares, $5 par value	12/04/2006		S		13,200	D	$28.4243	54,439⁽³⁾	D
Common Shares, $5 par value	12/04/2006		S		7,600	D	$28.3918	46,839⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$18.4375	12/04/2006		M		9,000		⁽⁴⁾	02/22/2010	Common Shares	9,000	$0	20,800	D
Employee Stock Option (right to buy)	$18.58	12/04/2006		M		13,200		⁽⁴⁾	02/25/2012	Common Shares	13,200	$0	7,600	D
Employee Stock Option (right to buy)	$21.03	12/04/2006		M		7,600		⁽⁴⁾	02/27/2011	Common Shares	7,600	$0	0	D

Explanation of Responses:

1. Shares held in trust under the Northeast Utilities Service Company 401k Plan, a qualified plan, as of December 4, 2006, according to information supplied by the plan's recordkeeper.

2. Shares (including dividends), receipt of which has been deferred pursuant to the Northeast Utilities Deferred Compensation Plan for Executives, as of December 4, 2006, according to information supplied by the plan's recordkeeper.

3. Includes restricted shares and restricted share units (including reinvested dividends). Of the total shares directly held by Mr. Butler, 12,680 are held jointly with his spouse.

4. The options exercised to purchase 9,000 NU common shares vested in equal amounts on 2/22/2001, 2/22/2002 and 2/22/2003. The options exercised to purchase 13,200 NU common shares vested in equal amounts on 2/25/2003, 2/25/2004 and 2/25/2005. The options exercised to purchase 7,600 NU common shares vested in equal amounts on 2/27/2002, 2/27/2003 and 2/27/2004.

	/s/ Gregory B. Butler	12/06/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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