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) 05/11/2007 (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 401(k) Plan Common Shares, $5 par value               3,108 (2) I Deferred Comp. Plan Common Shares, $5 par value 05/11/2007   M   19,712 A $ 14.9375 115,599 (3) (5) D   Common Shares, $5 par value 05/11/2007   M   39,600 A $ 18.58 155,199 (3) (5) D   Common Shares, $5 par value 05/14/2007   M   50,000 A $ 20.06 205,199 (3) (5) D   Common Shares, $5 par value 05/11/2007   S   19,712 D $ 32.3438 185,487 (4) (5) D   Common Shares, $5 par value 05/11/2007   S   39,600 D $ 32.3448 145,887 (4) (5) D   Common Shares, $5 par value 05/14/2007   S   50,000 D $ 32.3554 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)

$ 14.9375

05/11/2007

M

19,712

(3)

02/23/2009

Common Shares

19,712

$ 0

89,600

D

Employee Stock Option (right to buy)

$ 18.58

05/11/2007

M

39,600

(3)

02/25/2012

Common Shares

39,600

$ 0

50,000

D

Employee Stock Option (right to buy)

$ 20.06

05/14/2007

M

50,000

(3)

06/28/2011

Common Shares

50,000

$ 0

0

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

Cheryl W. Grise		05/15/2007
**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 11, 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 11, 2007, according to information supplied by the plan's recordkeeper.
(3)	The options exercised to purchase 19,712 Common Shares were granted on February 23, 1999 and vested in one-third increments on February 23, 2000, 2001 and 2002. The options exercised to purchase 39,600 Common Shares were granted on February 25, 2002 and vested in one-third increments on February 25, 2003, 2004 and 2005. The options exercised to purchase 50,000 Common Shares were granted on June 28, 2001 and vested in one-third increments on June 28, 2002, 2003 and 2004.
(4)	Sale in connection with cashless exercise of employee stock options.
(5)	Includes restricted share units and deferred units representing reinvested dividends.

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