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) May 25, 2006
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 | ||
One Federal Street | ||
Springfield, Massachusetts 01105 | ||
Telephone: (413) 785-5871 | ||
0-00404 | THE CONNECTICUT LIGHT AND POWER COMPANY | 06-0303850 |
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(a Connecticut corporation) | ||
107 Selden Street | ||
Berlin, Connecticut 06037-1616 | ||
Telephone: (860) 665-5000 | ||
1-6392 | PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE | 02-0181050 |
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(a New Hampshire corporation) | ||
Energy Park | ||
780 North Commercial Street | ||
Manchester, New Hampshire 03101-1134 | ||
Telephone: (603) 669-4000 | ||
0-7624 | WESTERN MASSACHUSETTS ELECTRIC COMPANY | 04-1961130 |
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(a Massachusetts corporation) | ||
One Federal Street | ||
Springfield, Massachusetts 01105 | ||
Telephone: (413) 785-5871 |
Not Applicable
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(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))
Section 1 -
Registrants’ Business and Operations
Item 1.01 -
Entry into a Material Definitive Agreement
Non-Qualified Make-Whole Benefit Approved. On May 25, 2006, the Compensation Committee of the Board of Trustees of Northeast Utilities approved the provision of a non-qualified benefit for the Named Executive Officers named in Northeast Utilities’ 2006 Proxy Statement, and certain other officers of Northeast Utilities, The Connecticut Light and Power Company, Western Massachusetts Electric Company and Public Service Company of New Hampshire (collectively, the “Company”), and directed management to implement this benefit through an amendment to the Northeast Utilities Deferred Compensation Plan for Executives. The benefit, called the K-Vantage Make-Whole Benefit, is available to officers hired after 2005 and current officers who choose to participate in the benefit and forego additional benefit accruals under the Northeast Utilities Retirement Plan. The K-Vantage Make-Whole Benefit supplements the qualified benefit provided to officers who are eligible for a Company contribution provided under the Northeast Utilities Service Company 401k Plan. This contribution is based on age and service, but compensation limits applicable to qualified plans under the provisions of the Internal Revenue Code effectively cap the amount the Company can contribute. The K-Vantage Make-Whole Benefit, which is subject to five-year vesting, equals the contribution that the officer would have received but for these limits.
[SIGNATURE PAGE TO FOLLOW]
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalves by the undersigned thereunto duly authorized.
NORTHEAST UTILITIES | |
THE CONNECTICUT LIGHT AND POWER COMPANY PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE WESTERN MASSACHUSETTS ELECTRIC COMPANY (Registrants) | |
By: /s/ Randy A. Shoop | |
Name: Randy A. Shoop Title: Vice President and Treasurer |
Date: May 31, 2006