SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
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) October 14, 2004
-------------------
Commission File Number 1-5324
------
NORTHEAST UTILITIES
--------------------
(Exact name of registrant as specified in its charter)
MASSACHUSETTS 1-5324 04-2147929
------------------------- --------- ---------------
(State or other jurisdiction (Commisson (I.R.S. Employer
of organization) File Number) incorporation
or Identification No.)
ONE FEDERAL STREET, BUILDING 111-4, SPRINGFIELD
MASSACHUSETTS 01105
-----------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(413) 785-5871
(Registrant's telephone number, including area code)
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))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e- 4(c))
Section 7 - Regulation FD
New President at NU Enterprises, Inc.
On October 20, 2004, Northeast Utilities ("NU")
announced that Lawrence E. De Simone will be joining the
company as president of Northeast Utilities Enterprises,
Inc. (NUEI), a subsidiary of NU.
Yankee Gas Services Company Developments
On October 14, 2004, Yankee Gas Services Company
("Yankee Gas"), the Office of the Consumer Counsel ("OCC")
and the Prosecutorial Division of the Connecticut Department
of Public Utility Control ("DPUC") filed a joint settlement
with the DPUC to resolve a rate case Yankee Gas filed on
July 2, 2004. The settlement would allow an annual increase
of $14 million, or 4.1 percent, in Yankee Gas's rates
effective January 1, 2005. The authorized return on equity
(ROE) for Yankee Gas would be 9.9 percent with Yankee Gas
sharing with customers 50 percent of the earnings above that
level. Yankee Gas had originally requested an increase of
$26.5 million annually and an ROE of 10.75 percent. The
settlement is subject to DPUC approval and a hearing is
scheduled before the DPUC on October 28, 2004.
On October 18, 2004, Yankee Gas announced that it had
awarded a contract to a subsidiary of Chicago Bridge & Iron
Company, N.V. to design and build a 1.2 billion cubic foot
liquefied natural gas peak shaving facility in Waterbury,
Connecticut. The contract award follows DPUC approval of
the project on September 3, 2004. The facility will provide
natural gas service during peak demand periods to Yankee
Gas's residential, commercial and industrial customers.
With construction starting this fall, the facility is
expected to be completed and ready for use during the
2007/2008 heating season. The total project cost is
estimated to cost approximately $100 million.
The information contained in this report on Form 8-K,
including Exhibits 99.1 and 99.2, shall not be deemed
"filed" with the Securities and Exchange Commission nor
incorporated by reference in any registration statement
filed by Northeast Utilities under the Securities Act of
1933, as amended, unless specified otherwise.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Description
Exhibit 99.1 Northeast Utilities News Release
dated October 20, 2004, concerning
Lawrence E. De Simone.
[SIGNATURE PAGE TO FOLLOW]
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)
By: /s/ Randy A. Shoop
Name: Randy A. Shoop
Title: Assistant Treasurer - Finance
Date: October 21, 2004