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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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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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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