Document:

Exh. 10.4 TRUSTEE COMPENSATION

Exhibit 10.4

Following is a summary of the compensation arrangement between Northeast Utilities and the members of its Board of Trustees.

Each Trustee who is not an employee of Northeast Utilities or its subsidiaries receives an annual retainer. The Lead Trustee and the Chairs of the Audit, Compensation, Corporate Responsibility, Corporate Governance and Finance Committees receive additional annual retainers specified below. All retainers are payable quarterly. One-half of the value of the retainers to the Chairs of the Audit and Compensation Committees is payable in the form of Northeast Utilities common shares. The following table sets forth the amounts of non-employee Trustee retainers for 2006:

		
	Retainer

	Annual Amount

	Annual Retainer (all Trustees)

	$45,000

	Lead Trustee

	$50,000

	Audit Committee Chair

	$20,000

	Compensation Committee Chair

	$15,000

	Corporate Responsibility Committee Chair

	$7,500

	Corporate Governance Committee Chair

	$7,500

	Finance Committee Chair

	$10,000

In addition to the retainers, each non-employee Trustee receives $1,500 for each meeting of the full Board attended, in person or by conference telephone, during the year and $1,250 for each Committee meeting attended through March 7, 2006.  Subsequent to March 7, 2006, the rate for attendance at Committee meetings by each non-employee Trustee increased to $1,500.

Trustees participate in the Northeast Utilities Incentive Plan (“Incentive Plan”), under which each non-employee Trustee is eligible for share-based grants each calendar year. Effective in 2007, subject to any voluntary deferral election, each Trustee will receive common shares upon vesting of the grants one year after the date of grant

A non-employee Trustee who is asked by either the Board or the Chairman of the Board to perform additional Board-related services in the interest of the Northeast Utilities System will receive additional compensation of $750 per half-day plus necessary expenses. In addition, when the spouses of Trustees are invited to attend functions of the Board, the Company pays for the travel-related expenses of the spouses that attend such functions. The payment of a Trustee’s spousal expenses is considered imputed income to the individual Trustee, and the Company makes a gross-up payment to each such Trustee to cover the tax liability for the imputed income associated with such spousal expenses.Exh. 10.5.2 Def. Comp. Trust. Amend. 4

Exhibit 10.5.2

AMENDMENT NO. 4 TO

NORTHEAST UTILITIES DEFERRED COMPENSATION PLAN FOR TRUSTEES

The Northeast Utilities Deferred Compensation Plan for Trustees, as amended (the “Plan”), is hereby further amended, effective September 12, 2006, as follows:

Article 8 of the Plan is amended to read in its entirety as follows:

“This Plan may be amended or terminated by the Board of Trustees or by the Compensation Committee of the Board at any time; provided, however, that no such amendment or termination, unless required under statute, regulation, other law, or rule of a governing or administrative body having the effect of a statute or regulation, shall serve to diminish the rights of a Trustee with respect to amounts credited to his or her Deferred Cash and/or Deferred Stock Compensation Accounts or accelerate payment of such amounts.”Exhibit 10.2 Form of NUSCO Service Contract

Exhibit 10.2

AMENDMENT AND RENEWAL OF SERVICE CONTRACT

NORTHEAST UTILITIES SERVICE COMPANY AND

____________________________________

This Amendment and Renewal of Service Contract (“”Agreement”) is made and entered into as of the 31st of December 2006, by and between Northeast Utilities Service Company (“Service Company”) and _________________________ (“Associate Company”).

WHEREAS, under the terms of the Service Contract by and between Service Company and Associate Company, Service Company is willing to render certain services to Associate Company at cost, determined in accordance with the applicable rules and regulations promulgated by the Securities and Exchange Commission (“SEC”) under the Public Utility Holding Company Act of 1935 (the “35 Act”); and

WHEREAS, the 35 Act was repealed in 2006, and jurisdiction over certain of Service Company’s activities was transferred from the SEC to the Federal Energy Regulatory Commission (“FERC”) under the Federal Power Act, as amended (the “Act”), including the provision of services for affiliated companies at cost; and

WHEREAS, the Service Contract between Service Company and Associate Company expires as of December 31, 2006; and

WHEREAS, both parties deem it to be in the their best interests to renew the Service Contract for an additional period of one year on the same terms and conditions and in accordance with the requirements of FERC.

NOW, THEREFORE, in consideration of the premises and mutual agreements herein contained, it is agreed as follows:

1.

Amendment of Service Contract.  The Service Contract between Service Company and Associate Company is hereby amended as follows:

(a)

All references to the “Act” in the Service Contract and attachments shall be deemed to refer to the Federal Power Act.

(b)

The reference to the “SEC” in Section 4 of the Service Contract shall be deleted and replaced with “FERC.”

(c)

The phrase “Rule 91 of the SEC” contained in Section 3 of the Service Contract and on Appendix A shall be replaced with the phrase “applicable rules and requirements of FERC.”

2.

Renewal of Service Contract.  (a) The Service Contract between Service Company and Associate Company, as heretofore amended, is hereby renewed as of January 1, 2007, for a period of one year.

(b) Except as modified and amended by this Agreement, all terms and conditions of the Service Contract shall continue in full force and effect during such renewal period.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective officers thereunto duly authorized, all as of the date first above written.

		
	 
	[COMPANY NAME]

	 
	 

	 
	 

	Attest:

	By: _________________________________

	 
	Name:

	 
	Title:

	______________________________

	 

	SecretaryExhibit 10.10.1 CY Settlement Agmt. Amendments

Exhibit 10.10.1

ATTACHMENT B

Revisions to Power Contracts

		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 19

	Rate Schedule FERC No. 10

	 

Appendix B

Schedule of Decommissioning Collections'

(Annual Collections in $000’s)

				
	 
	Year

	Amount

	 

	 
	2004

	16,742

	 

	 
	2005

	93,002

	 

	 
	2006

	93,002

	 

	 
	2007

	37,171

	 

	 
	2008

	37,171

	 

	 
	2009

	34,6712

	 

	 
	2010

	39,6713

	 

	 
	2011

	43,421

	 

	 
	2012

	43,421

	 

	 
	2013

	43,421

	 

	 
	2014

	43,421

	 

	 
	2015

	46,204

	 

1/Payable in equal monthly installments.

2/ If the NRC issues an amendment to Connecticut Yankee's operating license reducing the licensed property to an area necessary to support the independent spent fuel storage facility ("License Termination Amendment") by January 1, 2008, this amount shall be $37,171.

3/ If the NRC issues the License Termination Amendment by January 1, 2009, this amount shall be $42,171.

			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 

		
	Connecticut Yankee Atomic Power Company

	Original Sheet No. 19A

	Rate Schedule FERC No. 10

	 

The decommissioning charges set forth in the table above shall be subject to adjustment as set forth below:

1.

The decommissioning charges set forth in the table above shall be subject to adjustment following the NRC's issuance of a License Termination Amendment, in accordance with an informational filing submitted by Connecticut Yankee in the event that Connecticut Yankee and all Signatories to the settlement agreement approved by the Commission in Docket Nos. ER04-981-000 and EL04-109-000 (not consolidated) agree upon the adjustments. appropriate to reconcile actual and projected costs of completing the decontamination and dismantlement of the Plant, beginning with the charge due for the first month beginning at least 30 days after the submission of the informational filing.

2.

Commencing on January 1, 2007, the decommissioning charges set forth in the table above shall be subject to adjustment for differences, if any, between the actual earnings of investments in Connecticut Yankee's nuclear decommissioning trust funds ("NDTFs") and the NDTF earnings assumed in calculating the charges set forth on the schedule of decommissioning collections, in accordance with this section 2. For purposes of implementing this earnings reconciliation mechanism, the NDTF earnings assumed for each year in calculating the schedule of decommissioning charges are shown on the following table.

			
	 
	Year Ending

	After Tax Earnings Assumptions

	 
	31-Dec-07

	$4,173,000

	 
	31-Dec-08

	$5,452,000

	 
	31-Dec-09

	$7,043,000

	 
	31-Dec-10

	$8,832,000

	 
	31-Dec-11

	$10,736,000

	 
	31-Dec-12

	$12,773,000

	 
	31-Dec-13

	$14,931,000

	 
	31-Dec-14

	$17,182,000

	 
	31-Dec-15

	$19,588,000

The schedule of decommissioning charges shall be subject to adjustment for NDTF earnings as follows:

			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 

		
	Connecticut Yankee Atomic Power Company

	Original Sheet No. 19B

	Rate Schedule FERC No. 10

	 

a.

By no later than April 1 of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will provide the Signatories and the Commission Staff with its calculation of (i) actual earnings of NDTF investments during the Reconciliation Period, after taxes and fees; (ii) the difference, if any, between such earnings and the earnings assumption for that Reconciliation Period; and (iii) the adjustment, if any, to be made to prospective decommissioning charges pursuant to section 4(b). For purposes of this section 4, the "Reconciliation Period" shall mean the period from January 1, 2007, through the end of the calendar year prior to the year during which the calculation is made, except that, after each adjustment to decommissioning charges pursuant to section 4(b), the Reconciliation Period shall mean the period from January 1 of the calendar year following the period covered by that adjustment through the end of the calendar year prior to the year during which the calculation is made. Connecticut Yankee shall provide workpapers used to derive its calculations. The Signatories and the Commission Staff shall have ten business days to provide to Connecticut Yankee any objections to Connecticut Yankee's calculation and Connecticut Yankee shall have five business days to respond to any objections raised. Connecticut Yankee and any objecting Signatory or the Commission Staff shall endeavor in good faith to resolve any objection before any adjustment takes effect.

b.

After the end of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will calculate the difference between the actual earnings rate achieved by investments of the NDTFs, after taking account of taxes and fees, for the Reconciliation Period, and the applicable earnings assumptions for that Reconciliation Period shown in the above table. If the 14DTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that exceed the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such excess of actual earnings over assumed earnings shall be applied to reduce decommissioning charges for the remainder of the period covered by Appendix B, starting with the charge for the May following the Reconciliation Period for which the calculation is made. If the NDTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that fall short of the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such shortfall of actual earnings in comparison to assumed earnings shall be recovered through increased decommissioning charges for the remainder of the period covered by the schedule of charges shown in this Appendix B, starting with the charge for the May following the period for which the calculation is made.

			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 

		
	Connecticut Yankee Atomic Power Company

	Original Sheet No. 19C

	Rate Schedule FERC No. 10

	 

c.

If a prospective adjustment to decommissioning charges is to be made under section 2(b), Connecticut Yankee will make an informational filing with the Commission by May 1 of the year in which the adjustment is to be made, showing the amount of the adjustment and the calculations upon which the adjustment is based. If any Signatory or the Commission Staff objects to Connecticut Yankee's calculation of a prospective adjustment, and the objection is not resolved in accordance with section 4(a), above, it may file a complaint with the Commission under section 206 of the Federal Power Act and Connecticut Yankee agrees that, notwithstanding anything to the contrary in that section, if the complaint is filed within sixty (60) days of Connecticut Yankee's informational filing and the Commission determines that Connecticut Yankee incorrectly calculated the prospective adjustment under the terms of this section, then refunds of any amounts collected pursuant to an adjustment shall be made, with interest calculated in accordance with the Commission's regulations, from the date such adjustment took effect.

			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 

		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14

	Rate Schedule FERC No. 11

	 

Appendix B

Schedule of Decommissioning Collections'

(Annual Collections in $000’s)

			
	 
	Year

	Amount

	 
	2004

	16,742

	 
	2005

	93,002

	 
	2006

	93,002

	 
	2007

	37,171

	 
	2008

	37,171

	 
	2009

	34,6712

	 
	2010

	39,6713

	 
	2011

	43,421

	 
	2012

	43,421

	 
	2013

	43,421

	 
	2014

	43,421

	 
	2015

	46,204

1/Payable in equal monthly installments.

2/ If the NRC issues an amendment to Connecticut Yankee's operating license reducing the licensed property to an area necessary to support the independent spent fuel storage facility ("License Termination Amendment") by January 1, 2008, this amount shall be $37,171.

3/ If the NRC issues the License Termination Amendment by January 1, 2009, this amount shall be $42,171.

					
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 

					
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14A

	Rate Schedule FERC No. 11

	 

The decommissioning charges set forth in the table above shall be subject to adjustment as set forth below:

1.

The decommissioning charges set forth in the table above shall be subject to adjustment following the NRC's issuance of a License Termination Amendment, in accordance with an informational filing submitted by Connecticut Yankee in the event that Connecticut Yankee and all Signatories to the settlement agreement approved by the Commission in Docket Nos. ER04-981-000 and EL04-109-000 (not consolidated) agree upon the adjustments. appropriate to reconcile actual and projected costs of completing the decontamination and dismantlement of the Plant, beginning with the charge due for the first month beginning at least 30 days after the submission of the informational filing.

2.

Commencing on January 1, 2007, the decommissioning charges set forth in the table above shall be subject to adjustment for differences, if any, between the actual earnings of investments in Connecticut Yankee's nuclear decommissioning trust funds ("NDTFs") and the NDTF earnings assumed in calculating the charges set forth on the schedule of decommissioning collections, in accordance with this section 2. For purposes of implementing this earnings reconciliation mechanism, the NDTF earnings assumed for each year in calculating the schedule of decommissioning charges are shown on the following table.

			
	 
	Year Ending

	After Tax Earnings Assumptions

	 
	31-Dec-07

	$4,173,000

	 
	31-Dec-08

	$5,452,000

	 
	31-Dec-09

	$7,043,000

	 
	31-Dec-10

	$8,832,000

	 
	31-Dec-11

	$10,736,000

	 
	31-Dec-12

	$12,773,000

	 
	31-Dec-13

	$14,931,000

	 
	31-Dec-14

	$17,182,000

	 
	31-Dec-15

	$19,588,000

The schedule of decommissioning charges shall be subject to adjustment for NDTF earnings as follows:

			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 

		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14B

	Rate Schedule FERC No. 11

	 

a.

By no later than April 1 of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will provide the Signatories and the Commission Staff with its calculation of (i) actual earnings of NDTF investments during the Reconciliation Period, after taxes and fees; (ii) the difference, if any, between such earnings and the earnings assumption for that Reconciliation Period; and (iii) the adjustment, if any, to be made to prospective decommissioning charges pursuant to section 4(b). For purposes of this section 4, the "Reconciliation Period" shall mean the period from January 1, 2007, through the end of the calendar year prior to the year during which the calculation is made, except that, after each adjustment to decommissioning charges pursuant to section 4(b), the Reconciliation Period shall mean the period from January 1 of the calendar year following the period covered by that adjustment through the end of the calendar year prior to the year during which the calculation is made. Connecticut Yankee shall provide workpapers used to derive its calculations. The Signatories and the Commission Staff shall have ten business days to provide to Connecticut Yankee any objections to Connecticut Yankee's calculation and Connecticut Yankee shall have five business days to respond to any objections raised. Connecticut Yankee and any objecting Signatory or the Commission Staff shall endeavor in good faith to resolve any objection before any adjustment takes effect.

b.

After the end of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will calculate the difference between the actual earnings rate achieved by investments of the NDTFs, after taking account of taxes and fees, for the Reconciliation Period, and the applicable earnings assumptions for that Reconciliation Period shown in the above table. If the NDTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that exceed the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such excess of actual earnings over assumed earnings shall be applied to reduce decommissioning charges for the remainder of the period covered by Appendix B, starting with the charge for the May following the Reconciliation Period for which the calculation is made. If the NDTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that fall short of the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such shortfall of actual earnings in comparison to assumed earnings shall be recovered through increased decommissioning charges for the remainder of the period covered by the schedule of charges shown in this Appendix B, starting with the charge for the May following the period for which the calculation is made.

			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 

		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14C

	Rate Schedule FERC No. 11

	 

c.

If a prospective adjustment to decommissioning charges is to be made under section 2(b), Connecticut Yankee will make an informational filing with the Commission by May 1 of the year in which the adjustment is to be made, showing the amount of the adjustment and the calculations upon which the adjustment is based. If any Signatory or the Commission Staff objects to Connecticut Yankee's calculation of a prospective adjustment, and the objection is not resolved in accordance with section 4(a), above, it may file a complaint with the Commission under section 206 of the Federal Power Act and Connecticut Yankee agrees that, notwithstanding anything to the contrary in that section, if the complaint is filed within sixty (60) days of Connecticut Yankee's informational filing and the Commission determines that Connecticut Yankee incorrectly calculated the prospective adjustment under the terms of this section, then refunds of any amounts collected pursuant to an adjustment shall be made, with interest calculated in accordance with the Commission's regulations, from the date such adjustment took effect.

			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007

	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

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