Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

OMB APPROVAL

|_| Check this box if no longer subject
       to Section 16. Form 4 or Form 5
       obligations may continue.
       See Instruction 1(b).
|_| Form 3 Holdings Reported
|_| Form 4 Transactions Reported

ANNUAL STATEMENT OF CHANGES BENEFICIAL OWNERSHIP

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*
        Forsgren                 John                  H.       		2. Issuer Name and Ticker or Trading Symbol
       NORTHEAST UTILITIES (NU) 		6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
X    Director*                              10% Owner
X    Officer (give title below)          Other (specify below)

                                
 Vice Chairman, Executive Vice President and Chief Financial Officer
*Trustee

       (Last)                        (First)                    (Middle)

      c/o Northeast Utilities
      107 Selden Street

 3. I.R.S. Identification Number of
Reporting Person, if an entity (voluntary)

 

4. Statement for
Month/Year
 12/2002

(Street)

Berlin,                  CT                  06037

5. If Amendment,
Date of Original
(Month/Year)
  		7. 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 & 5)

5. Amount of Securities
    Beneficially Owned at
    the end of Issuer's
    Fiscal Year
    (Instr. 3 & 4)

6. Ownership
    Form:
    Direct (D)
    or
    Indirect (I)
    (Instr. 4)

7. Nature of Indirect
     Beneficial Ownership
     (Instr. 4)

Amount(A) or (D)

    Price    

Common Shares, $5 par value

 

 

 

 

 

 

1,027 shs
See Note 1

I

By 401k Plan
trustee

Common Shares, $5 par value

 

 

 

 

 

 

546 shs
See Note 2

I

Deferred
Comp Plan

Common Shares, $5 par value

 

 

 

 

 

 

7,217 shs

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
FORM 5 (continued)

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. Conver-
    sion or
    Exercise
    Price of
    Derivative
    Security

3. Trans-
    action
    Date
    (Month/
    Day/
    Year)

3A. Deemed
      Execution
      Date, if
      any
      (Month/
      Day/
      Year)

4. Trans-
    action
    Code
    (Instr.
    8)

5. Number of
    Derivative
    Securities
    Acquired (A) or
    Disposed of (D)
    (Instr. 3, 4 & 5)

6. Date
    Exercis-
    able and
    Expiration
    Date
    (Month/
    Day/Year)

7. Title and
    Amount of
    Underlying
    Securities
    (Instr. 3 & 4)

8. Price of
    Derivative
    Security
    (Instr. 5)

9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    at End
    of Year
    (Instr. 4)

10. Owner-
    ship
    Form of
    Derivative
    Security:
    Direct (D)
    or
    Indirect (I)
    (Instr. 4)

11. Nature of
    Indirect
    Beneficial
    Ownership
    (Instr. 4)

(A)

    (D)    

Date
Exercisable

Expiration
Date

          Title          

Amount or Number of
Shares

Options to Purchase

 

 

 

 

 

 

 

 

 

 

 

234,319

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explanation of Responses:
Note 1. Shares held in trust under the Northeast Utilities Service Company 401k Plan, a qualified plan, as of December 31, 2002, according to information suppled by the plan's recordkeeper.
Note 2. Shares receipt of which has been deferred pursuant to the Northeast Utilities Deferred Compensation Plan for Executives, as of December 31, 2002, according to information supplied by the plan's recordkeeper.

  /s/ John H. Forsgren
**Signature of Reporting Person		 February 13, 2003
Date
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
          If space provided is insufficient, see Instruction 6 for procedure.