Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRISE CHERYL W
  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)
Executive Vice President
(Last)
(First)
(Middle)
C/O NORTHEAST UTILITIES, 107 SELDEN STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/10/2007
(Street)

BERLIN, CT 06037
4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Shares, $5 par value               4,639 (1) I By 401(k) Plan Trustee
Common Shares, $5 par value               3,108 (2) I Deferred Comp. Plan
Common Shares, $5 par value 05/10/2007   M   12,916 A $ 16.3125 108,803 (3) (5) D  
Common Shares, $5, par value 05/10/2007   M   23,000 A $ 18.4375 131,803 (3) (5) D  
Common Shares, $5 par value 05/10/2007   M   26,000 A $ 21.03 157,803 (3) (5) D  
Common Shares, $5 par value 05/10/2007   S   12,916 D $ 32.3202 144,887 (4) (5) D  
Common Shares, $5 par value 05/10/2007   S   23,000 D $ 32.3003 121,887 (4) (5) D  
Common Shares, $5 par value 05/10/2007   S   26,000 D $ 32.3022 95,887 (4) (5) D  
Common Shares, $5 par value               265 I By spouse

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 16.3125 05/10/2007   M     12,916   (2) 05/12/2008 Common Shares 12,916 $ 0 158,312 D  
Employee Stock Option (right to buy) $ 18.4375 05/10/2007   M     23,000   (2) 02/22/2010 Common Shares 23,000 $ 0 135,312 D  
Employee Stock Option (right to buy) $ 21.03 05/10/2007   M     26,000   (2) 02/27/2011 Common Shares 26,000 $ 0 109,312 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRISE CHERYL W
C/O NORTHEAST UTILITIES
107 SELDEN STREET
BERLIN, CT 06037
      Executive Vice President  

Signatures

 /s/ Cheryl W. Grise   05/14/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Shares held in trust under the Northeast Utilities Service Company 401k Plan, as of May 10, 2007, according to information supplied by the plan's recordkeeper.
(2) Shares (including reinvested dividends) receipt of which has been deferred pursuant to the Northeast Utilities Deferred Compensation Plan for Executives, as of May 10, 2007, according to information supplied by the plan's recordkeeper.
(3) The options exercised to purchase 12,916 Common Shares were granted on May 12, 1998 and vested in one-third increments on that date and the remaining thirds on May 12, 1999 and 2000. the options exercised to purchase 23,000 Common Shares were granted on February 22, 2000 and vested in one-third increments on February 27, 2001, 2002 and 2003. The options exercised to purchase 26,000 Common Shares were granted on February 27, 2001 and vested in one-third increments on February 27, 2002, 2003 and 2004.
(4) Sale in connection with cashless exercise of employee stock options.
(5) Includes restricted share units (including reinvested dividends).

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