-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0000072741-04-000023.txt : 20040303
<SEC-HEADER>0000072741-04-000023.hdr.sgml : 20040303
<ACCEPTANCE-DATETIME>20040303123251
ACCESSION NUMBER:		0000072741-04-000023
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20040303
ITEM INFORMATION:		
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONNECTICUT LIGHT & POWER CO
		CENTRAL INDEX KEY:			0000023426
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				060303850
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-00404
		FILM NUMBER:		04645240

	BUSINESS ADDRESS:	
		STREET 1:		SELDEN STREET
		CITY:			BERLIN
		STATE:			CT
		ZIP:			06037-1616
		BUSINESS PHONE:		8606655000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHEAST UTILITIES SYSTEM
		CENTRAL INDEX KEY:			0000072741
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				042147929
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05324
		FILM NUMBER:		04645239

	BUSINESS ADDRESS:	
		STREET 1:		174 BRUSH HILL AVE
		CITY:			WEST SPRINGFIELD
		STATE:			MA
		ZIP:			01090-0010
		BUSINESS PHONE:		4137855871

	MAIL ADDRESS:	
		STREET 1:		107 SELDEN ST
		CITY:			BERLIN
		STATE:			CT
		ZIP:			06037-1616
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>nuclp8ksmd030204.txt
<DESCRIPTION>NU & CL&P 8-K 030304
<TEXT>
             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) March 3, 2004
                     -------------------
Commission   Registrant; State of Incorporation       I.R.S. Employer
File Number  Address and Telephone Number             Identification No.

1-5324       NORTHEAST UTILITIES                         04-2147929
             (a Massachusetts voluntary association)
             174 Brush Hill Avenue
             West Springfield, Massachusetts 01090-0010
             Telephone (413) 785-5871

0-11419      THE CONNECTICUT LIGHT AND POWER COMPANY     06-0303850
             (a Connecticut corporation)
             107 Selden Street
             Berlin, Connecticut 06037-1616
             Telephone (860) 665-5000

                       Not Applicable
                    ---------------------
  (Former name or former address, if changed since last report)

ITEM 9.      Regulation FD Disclosure and

ITEM 12.     Results of Operations and Financial Condition

             On March 3, 2004, Northeast Utilities issued a news
release announcing the definitive settlement of a wholesale
power contract dispute and a slight revision to previously
announced unaudited results of operations for the three and
twelve month periods ending December 31, 2003.  A copy of the
news release is attached as Exhibit 99.1. Exhibits
99.1 and 99.2, which are incorporated in Item 9 by
reference hereto, are furnished pursuant to Regulation FD.

                        EXHIBIT INDEX

Exhibit 99.1  Northeast Utilities News Release dated March 3, 2004.

Exhibit 99.2  Revised unaudited Financial Report for the three and
              twelve month periods ending December 31, 2003.

                 [SIGNATURE PAGE TO FOLLOW]

                       SIGNATURE

     Pursuant to the requirements of the Securities and
Exchange Act of 1934, each 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


                           THE CONNECTICUT LIGHT AND POWER COMPANY
                           (Registrant)


                            By: /s/ Randy A. Shoop
                                Name:  Randy A. Shoop
                                Title: Treasurer




Date:  March 3, 2004



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>nuclp8kexh991030304.txt
<DESCRIPTION>NU NEWS RELEASE 030304
<TEXT>
Exhibit 99.1

News Release

CONTACT:  Jeffrey R. Kotkin
Office:   (860) 665-5154

NU ANNOUNCES SETTLEMENT, SMALL REVISION TO 2003 RESULTS

     BERLIN, Connecticut, March 3, 2004-Northeast Utilities
(NU-NYSE) today announced the filing of a definitive
settlement with the Federal Energy Regulatory Commission
(FERC) to resolve a year-long wholesale power contract
dispute.

     The dispute involved the responsibility for additional
costs that were incurred over the last 10 months of 2003 as
a result of the implementation of Standard Market Design
(SMD) in New England on March 1, 2003.  Incremental SMD
costs related to supplying customers of The Connecticut
Light and Power Company (CL&P), NU's largest operating
subsidiary, totaled approximately $186 million in 2003.
Under the settlement filed at FERC, Select Energy, Inc.,
NU's competitive energy marketing subsidiary, will absorb
approximately $57 million of these costs.  CL&P's two other
2003 standard offer wholesale power suppliers and  CL&P
customers will absorb the remaining balance of $129 million.
CL&P will absorb a separate $2 million of costs.

     Other parties involved in the negotiated settlement
include the Connecticut Department of Public Utility Control
(DPUC), the Attorney General for the State of Connecticut,
the Connecticut Office of Consumer Counsel, NRG Power
Marketing Inc., and Duke Energy Trading and Marketing,
L.L.C.  Additionally, FERC trial staff participated in the
negotiations and has indicated its support of the settlement
agreement.

     CL&P has collected approximately $155 million from
customers since May 2003 to cover 2003 SMD-related costs,
but withheld payment from its standard offer service
suppliers.  Should the settlement receive FERC approval,
which is expected in the first half of 2004, CL&P will pay
approximately $83 million to suppliers, including
approximately $40 million to Select Energy.  The balance of
the $155 million will be returned to customers under a
methodology to be determined by the DPUC.

     The settlement resulted in a slight revision to NU's
2003 results announced January 27, 2004.  NU's revised 2003
earnings are $116.4 million, or $0.91 per share on a fully
diluted basis, compared with $152.1 million, or $1.18 per
share, in 2002.  In the fourth quarter of 2003, NU lost $9.9
million, or $0.08 per share, compared with earnings of $56.0
million, or $0.44 per share, in the fourth quarter of 2002.

     Due to the settlement, NU's year-end and fourth quarter
after-tax 2003 revised results are approximately $1.0
million, or $0.01 per share lower than the results reported
on January 27.  The earlier announced results reflected NU's
best estimate at that time of the cost of settling the
wholesale power contract dispute.  The terms of the final
settlement called for Select Energy to absorb $1.6 million
more than was reflected in the pre-tax reserve NU included
in the financial statements it published on January 27.  On
an after-tax basis, the settlement cost Select Energy about
$36 million, or $0.28 per fully diluted NU share.  Including
the effects of the settlement, NU's competitive businesses
lost $3.5 million in 2003, compared with losses of $53.2
million in 2002.

     In 2003, excluding the effects of the settlement and a
$4.7 million after-tax accounting change, NU earned $158.0
million, or $1.24 per share fully diluted and the
competitive businesses earned $32.2 million.  The figures
that excluded the effects of the settlement and accounting
change were unchanged from earnings announced on January 27.
The $1.24 per share figure was within the $1.10 to $1.30 per
share earnings range NU published in early 2003 and the
$1.20 to $1.30 per share earnings range NU discussed in
October 2003.  Both of those ranges excluded costs related
to SMD implementation.

     The settlement cost CL&P approximately $1 million on an
after-tax basis, or $0.01 per fully diluted NU share.
Including the effects of the settlement, CL&P earned $63.4
million in 2003 after payment of preferred dividends,
compared with $80.1 million in 2002.

     NU operates New England's largest energy distribution
system, providing service to more than 1.8 million retail
electric customers in Connecticut, New Hampshire, and
Massachusetts and natural gas services to more than 192,000
customers in Connecticut.

     This press release includes forward-looking statements
within the meaning of the Private Securities Litigation
Reform Act of 1995, which are statements of future
expectations and not facts.  Actual results or developments
might differ materially from those included in the forward-
looking statements because of factors such as competition
and industry restructuring, changes in economic conditions,
changes in weather patterns, changes in laws, regulations or
regulatory policies, developments in legal or public policy
doctrines, technological developments, volatility in
electric and natural gas commodity markets, and other
presently unknown or unforeseen factors.  Other risk factors
are detailed from time to time in NU's reports to the
Securities and Exchange Commission.

                           # # # #


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>nu8kexh992030204.txt
<DESCRIPTION>FINANCIALS 123103
<TEXT>
Exhibit 99.2

              Northeast Utilities and Subsidiaries
              ------------------------------------
                 Consolidated Balance Sheets
                 ---------------------------

<Table>
<Caption>

<S>                                                                 <C>               <C>
                                                                      December 31,      December 31,
                                                                         2003              2002
                                                                         ----              ----
                                                                         (Thousands of Dollars)
ASSETS
- ------

Current Assets:
  Cash and cash equivalents                                          $     37,196      $     50,333
  Unrestricted cash from counterparties                                    46,496            16,890
  Restricted cash - LMP costs                                              93,630               -
  Special deposits                                                         79,120            30,716
  Investments in securitizable assets                                     166,465           178,908
  Receivables, net                                                        704,893           767,089
  Unbilled revenues                                                       125,881           126,236
  Fuel, materials and supplies, at average cost                           154,076           119,853
  Derivative assets                                                       301,194           130,929
                                                                           63,780           110,261
                                                                     ------------      ------------
  Prepayments and other                                                 1,772,731         1,531,215
                                                                     ------------      ------------

Property, Plant and Equipment:
  Electric utility                                                      5,465,854         5,141,951
  Gas utility                                                             743,990           679,055
  Competitive energy                                                      885,953           866,294
  Other                                                                   221,986           205,115
                                                                     ------------       -----------
                                                                        7,317,783         6,892,415
    Less: Accumulated depreciation                                      2,244,263         2,163,613
                                                                     ------------       -----------
                                                                        5,073,520         4,728,802
  Construction work in progress                                           356,396           320,567
                                                                     ------------       -----------
                                                                        5,429,916         5,049,369
                                                                     ------------       -----------

Deferred Debits and Other Assets:
  Regulatory assets                                                     2,974,022         3,076,095
  Goodwill                                                                319,986           321,004
  Purchased intangible assets, net                                         22,956            24,863
  Prepaid pension                                                         360,706           328,890
  Other                                                                   428,567           433,444
                                                                     ------------      ------------
                                                                        4,106,237         4,184,296
                                                                     ------------       -----------


Total Assets                                                          $11,308,884       $10,764,880
                                                                     ------------      ------------
                                                                     ------------      ------------

</Table>

The data contained in this report is preliminary and is unaudited. This report
is being submitted for the sole purpose of providing information to present
shareholders about Northeast Utilities and Subsidiaries and is not a
representation, prospectus, or intended for use in connection with
any purchase or sale of securities.


              Northeast Utilities and Subsidiaries
              ------------------------------------
                 Consolidated Balance Sheets
                 ---------------------------

<Table>
<Caption>

<S>                                                                 <C>               <C>
                                                                      December 31,      December 31,
                                                                          2003              2002
                                                                          ----              ----
                                                                        (Thousands of Dollars)
LIABILITIES AND CAPITALIZATION
- ------------------------------

Current Liabilities:
  Notes payable to banks                                             $    105,000      $     56,000
  Long-term debt - current portion                                         64,936            56,906
  Accounts payable                                                        768,783           776,219
  Accrued taxes                                                            51,598           141,667
  Accrued interest                                                         41,653            40,597
  Derivative liabilities                                                  164,689            63,900
  Other                                                                   249,576           208,680
                                                                     ------------      ------------
                                                                        1,446,235         1,343,969
                                                                     ------------      ------------
Rate Reduction Bonds                                                    1,729,960         1,899,312
                                                                     ------------      ------------

Deferred Credits and Other Liabilities:
  Accumulated deferred income taxes                                     1,287,354         1,436,507
  Accumulated deferred investment tax credits                             102,652           106,471
  Deferred contractual obligations                                        469,218           354,469
  Regulatory liabilities                                                1,164,288           740,195
  Other                                                                   247,526           270,092
                                                                     ------------      ------------
                                                                        3,271,038         2,907,734
                                                                     ------------      ------------

Capitalization:
  Long-Term Debt                                                        2,481,331         2,287,144
                                                                     ------------      ------------

  Preferred Stock of Subsidiaries - Nonredeemable                         116,200           116,200
                                                                     ------------      ------------

  Common Shareholders' Equity:
   Common shares, $5 par value - authorized
    225,000,000 shares; 150,398,403 shares issued
    and 127,695,999 shares outstanding in 2003 and
    149,375,847 shares issued and 127,562,031 shares
    outstanding in 2002                                                   751,992           746,879
   Capital surplus, paid in                                             1,108,924         1,108,338
   Deferred contribution plan - employee stock
    ownership plan                                                        (73,694)         (87,746)
   Retained earnings                                                      808,932           765,611
   Accumulated other comprehensive income                                  25,991            14,927
   Treasury stock                                                        (358,025)         (337,488)
                                                                     ------------      ------------
  Common Shareholders' Equity                                           2,264,120         2,210,521
                                                                     ------------      ------------
Total Capitalization                                                    4,861,651         4,613,865
                                                                     ------------      ------------


Total Liabilities and Capitalization                                  $11,308,884       $10,764,880
                                                                     ------------      ------------
                                                                     ------------      ------------

</Table>

The data contained in this report is preliminary and is unaudited. This report
is being submitted for the sole purpose of providing information to present
shareholders about Northeast Utilities and Subsidiaries and is not a
representation, prospectus, or intended for use in connection with
any purchase or sale of securities.


Exhibit 99.2

       Northeast Utilities and Subsidiaries
       ------------------------------------
       Consolidated Statements of Income
       ---------------------------------

<Table>
<Caption>

<S>                                                                           <C>             <C>
                                                                                 Three Months Ended
                                                                                    December 31,
                                                                              ----------------------------
                                                                                 2003            2002
                                                                              -----------    -------------
                                                                                (Thousands of Dollars,
                                                                              Except Share Information)

Operating Revenues                                                            $1,514,818       $ 1,404,200
                                                                             ------------      ------------

Operating Expenses:
  Operation -
    Fuel, purchased and net interchange power                                    967,618           850,240
    Other                                                                        255,281           171,617
  Maintenance                                                                     62,171            69,455
  Depreciation                                                                    53,344            48,889
  Amortization                                                                    49,884           227,841
  Amortization of rate reduction bonds                                            37,940            32,573
  Taxes other than income taxes                                                   54,069            50,475
  Gain on sale of utility plant                                                       -           (187,113)
                                                                             ------------      ------------
       Total operating expenses                                                1,480,307         1,263,977
                                                                             ------------      ------------
Operating Income                                                                  34,511           140,223
Interest Expense:
  Interest on long-term debt                                                      32,763            32,971
  Interest on rate reduction bonds                                                26,271            28,252
  Other interest                                                                     905             5,680
                                                                             ------------      ------------
        Interest expense, net                                                     59,939            66,903
                                                                             ------------      ------------
Other (Loss)/Income, Net                                                          (6,443)           24,113
                                                                             ------------      ------------
(Loss)/Income Before Income Tax (Benefit)/Expense                                (31,871)           97,433
Income Tax (Benefit)/Expense                                                     (23,361)           40,008
                                                                             ------------      ------------
(Loss)/Income Before Preferred Dividends of Subsidiaries                          (8,510)           57,425
Preferred Dividends of Subsidiaries                                                1,390             1,390
                                                                             ------------      ------------
(Loss)/Income Before Cumulative Effect of Accounting Change                       (9,900)           56,035
Cumulative effect of accounting change,
  net of tax benefit of $2,553                                                       -                  -
                                                                              ------------      ------------
Net (Loss)/Income                                                            $    (9,900)    $      56,035
                                                                             ------------      ------------
                                                                             ------------      ------------
Fully Diluted (Loss)/Earnings Per Common Share:
  (Loss)/Income Before Cumulative Effect of Accounting Change                $     (0.08)    $        0.44
  Cumulative effect of accounting change,
    net of tax benefit                                                                -                 -
                                                                             ------------      ------------
Fully Diluted (Loss)/Earnings Per Common Share                               $     (0.08)    $        0.44
                                                                             ------------      ------------
                                                                             ------------      ------------
Fully Diluted Common Shares Outstanding (average)                             127,768,667      128,179,015
                                                                             ------------      ------------
                                                                             ------------      ------------


</Table>

The data contained in this report is preliminary and is unaudited. This report
is being submitted for the sole purpose of providing information to present
shareholders about Northeast Utilities and Subsidiaries and is not
a representation, prospectus, or intended for use in connection
with any purchase or sale of securities.



       Northeast Utilities and Subsidiaries
       ------------------------------------
       Consolidated Statements of Income
       ---------------------------------

<Table>
<Caption>

<S>                                                                           <C>             <C>
                                                                                  Twelve Months Ended
                                                                                     December 31,
                                                                              ----------------------------
                                                                                 2003            2002
                                                                              -----------    -------------
                                                                                 (Thousands of Dollars,
                                                                               Except Share Information)


Operating Revenues                                                             $   6,069,156    $  5,237,000
                                                                               -------------    ------------

Operating Expenses:
  Operation -
    Fuel, purchased and net interchange power                                      3,730,416       3,046,781
    Other                                                                            900,437         752,482
  Maintenance                                                                        232,030         263,487
  Depreciation                                                                       204,388         205,646
  Amortization                                                                       182,675         312,955
  Amortization of rate reduction bonds                                               153,172         148,589
  Taxes other than income taxes                                                      232,672         227,518
  Gain on sale of utility plant                                                         -           (187,113)
                                                                               -------------      ------------
       Total operating expenses                                                    5,635,790       4,770,345
                                                                               -------------      ------------
Operating Income                                                                     433,366         466,655
Interest Expense:
  Interest on long-term debt                                                         126,259         134,471
  Interest on rate reduction bonds                                                   108,359         115,791
  Other interest                                                                      11,740          20,249
                                                                               -------------      ------------
        Interest expense, net                                                        246,358         270,511
                                                                               -------------      ------------
Other (Loss)/Income, Net                                                                (435)         43,828
                                                                               -------------      ------------
(Loss)/Income Before Income Tax (Benefit)/Expense                                    186,573         239,972
Income Tax (Benefit)/Expense                                                          59,862          82,304
                                                                               -------------      ------------
(Loss)/Income Before Preferred Dividends of Subsidiaries                             126,711         157,668
Preferred Dividends of Subsidiaries                                                    5,559           5,559
                                                                               -------------      ------------
(Loss)/Income Before Cumulative Effect of Accounting Change                          121,152         152,109

Cumulative effect of accounting change,
  net of tax benefit of $2,553                                                        (4,741)           -
                                                                               -------------      ------------
Net (Loss)/Income                                                              $     116,411   $     152,109
                                                                               -------------      ------------
                                                                               -------------      ------------

Fully Diluted (Loss)/Earnings Per Common Share:
  (Loss)/Income Before Cumulative Effect of Accounting Change                  $        0.95   $        1.18
  Cumulative effect of accounting change,
    net of tax benefit                                                                 (0.04)            -
                                                                               -------------      ------------
Fully Diluted (Loss)/Earnings Per Common Share                                 $        0.91   $        1.18
                                                                               -------------      ------------
                                                                               -------------      ------------

Fully Diluted Common Shares Outstanding (average)                                127,240,724     129,341,360
                                                                               -------------      ------------
                                                                               -------------      ------------

</Table>

The data contained in this report is preliminary and is unaudited. This report
is being submitted for the sole purpose of providing information to present
shareholders about Northeast Utilities and Subsidiaries and is not
a representation, prospectus, or intended for use in connection
with any purchase or sale of securities.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
