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28
elected President in 2002. Mr. May became a Director of Northeast Utilities Foundation, Inc. upon completion of the Merger. He has
served as a Trustee of the NSTAR Foundation since August 18, 1987.
David R. McHale. Mr. McHale became Executive Vice President and Chief Administrative Officer of NU, CL&P, NSTAR Electric,
NSTAR Gas, PSNH, WMECO, Yankee Gas, NUSCO and NSTAR Electric & Gas upon completion of the Merger. Mr. McHale has
served as a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas since November 27, 2012, of PSNH, WMECO,
Yankee Gas and NUSCO since January 1, 2005, and of CL&P since January 15, 2007. Previously, Mr. McHale served as Executive
Vice President and Chief Financial Officer of NU, CL&P, PSNH, WMECO, Yankee Gas and NUSCO from January 2009 to April 2012,
and Senior Vice President and Chief Financial Officer of NU, CL&P, PSNH, WMECO, Yankee Gas and NUSCO from January 2005 to
December 2008. Mr. McHale became a Trustee of the NSTAR Foundation upon completion of the Merger. He has served as a
Director of Northeast Utilities Foundation, Inc. since January 1, 2005.
Joseph R. Nolan, Jr. Mr. Nolan became Senior Vice President-Corporate Relations of NUSCO, NSTAR Electric & Gas, NSTAR Electric
and NSTAR Gas upon completion of the Merger. He became Senior Vice President-Corporate Relations of CL&P, PSNH, WMECO
and Yankee Gas effective November 27, 2012. Mr. Nolan was elected a Director of CL&P, PSNH, WMECO and Yankee Gas upon
completion of the Merger, and of NSTAR Electric, NSTAR Gas, NUSCO and NSTAR Electric & Gas effective November 27, 2012.
Previously, Mr. Nolan served as Senior Vice President-Customer & Corporate Relations of NSTAR, NSTAR Electric, NSTAR Gas and
NSTAR Electric and Gas from 2006 until the closing of the Merger. Mr. Nolan became a Director of Northeast Utilities Foundation, Inc.
upon completion of the Merger. He has served as a Trustee of the NSTAR Foundation since October 1, 2000.
Leon J. Olivier. Mr. Olivier has served as Executive Vice President and Chief Operating Officer of NU and NUSCO since May 13, 2008,
and of NSTAR Electric & Gas since the completion of the Merger. He became Chief Executive Officer of NSTAR Electric and NSTAR
Gas upon completion of the Merger. Mr. Olivier has served as Chief Executive Officer of CL&P, PSNH, WMECO and Yankee Gas
since January 15, 2007. Mr. Olivier was elected a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas effective
November 27, 2012, of PSNH, WMECO and Yankee Gas effective January 17, 2005, and of CL&P effective September 10, 2001.
Previously, Mr. Olivier served as Executive Vice President-Operations of NU from February 13, 2007 to May 12, 2008. Mr. Olivier
became a Trustee of the NSTAR Foundation upon completion of the Merger. He has served as a Director of Northeast Utilities
Foundation, Inc. since April 1, 2006.
Item 4. Mine Safety Disclosures
Not applicable.
PART II
Item 5. Market for the Registrants' Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
(a) Market Information and (c) Dividends
NU. Our common shares are listed on the New York Stock Exchange. The ticker symbol is "NU," although it is frequently presented as
"Noeast Util" and/or "NE Util" in various financial publications. The high and low sales prices of our common shares and the dividends
declared, for the past two years, by quarter, are shown below.
Year
Quarter
High
Low
Dividends
Declared
2012
First
$
37.64
$
33.48
$
0.294
Second
39.09
34.84
0.343
Third
40.86
36.68
0.343
Fourth
40.38
37.53
0.343
2011
First
$
35.13
$
31.19
$
0.275
Second
36.47
33.31
0.275
Third
35.87
30.02
0.275
Fourth
36.40
30.80
0.275
Information with respect to dividend restrictions for us, CL&P, NSTAR Electric, PSNH, and WMECO is contained in Item 7,
Management's Discussion and Analysis of Financial Condition and Results of Operations, under the caption "Liquidity" and Item 8,
Financial Statements and Supplementary Data, in the Combined Notes to Consolidated Financial Statements, within this Annual Report
on Form 10-K.
There is no established public trading market for the common stock of CL&P, NSTAR Electric, PSNH and WMECO. All of the common
stock of CL&P, NSTAR Electric, PSNH and WMECO is held solely by NU.
During 2012 and 2011, CL&P approved and paid $100.5 million and $243.2 million, respectively, of common stock dividends to NU.
Since April 10, 2012, NSTAR Electric approved and paid $159.9 million of common stock dividends to NSTAR LLC.