Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-141425
June 2, 2008
Northeast Utilities
Pricing Term Sheet
 


 
        
                        
Issuer:
 
        
                        
 
 
        
                        
Northeast Utilities 
  
 
        
                        
Security:
 
        
                        
 
 
        
                        
$250,000,000 Senior Notes, Series C, Due 2013
  
 
        
                        
Maturity:
 
        
                        
 
 
        
                        
June 1, 2013
  
 
        
                        
Coupon:
 
        
                        
 
 
        
                        
5.65%
  
 
        
                        
Price to Public:
 
        
                        
 
 
        
                        
99.962% of face amount
  
 
        
                        
Yield to Maturity:
 
        
                        
 
 
        
                        
5.659%
  
 
        
                        
Spread to Benchmark Treasury:
 
        
                        
 
 
        
                        
+240 basis points
  
 
        
                        
Benchmark Treasury:
 
        
                        
 
 
        
                        
3.50% due May 31, 2013
  
 
        
                        
Benchmark Treasury Yield:
 
        
                        
 
 
        
                        
3.259%
  
 
        
                        
Interest Payment Dates:
 
        
                        
 
 
        
                        
June 1 and December 1, commencing December 1, 2008
  
 
        
                        
Redemption Provisions
 
        
                        
 
 
        
                        
 
  
 
        
                        
Make-whole call:
 
        
                        
 
 
        
                        
At any time at a discount rate of Treasury plus 35 basis points
  
 
        
                        
Settlement:
 
        
                        
 
 
        
                        
June 5, 2008
 (T+ 3)
  
 
        
                        
CUSIP:
 
        
                        
 
 
        
                        
664397 AGI
  
 
        
                        
Ratings:
 
        
                        
 
 
        
                        
Baa2 by Moody’s Investors Service 
BBB– by Standard & Poor’s Ratings Services 
BBB by Fitch Ratings
  
 
        
                        
Joint Book-Running Managers:
 
        
                        
 
 
        
                        
Lehman Brothers Inc.
 J.P. Morgan Securities Inc.
  
 
        
                        
Co-Managers:
 
        
                        
 
 
        
                        
Banc of America Securities LLC
 BNY Mellon Capital Markets, LLC
 Wells Fargo Securities, LLC
  

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Lehman Brothers Inc. toll free at (888) 603-5847 or J.P. Morgan Securities Inc. collect at (212) 834-4533.