Exhibit 10.50

          Description of Certain Management Compensation Arrangements

        The Board of Trustees of Northeast Utilities (NU) appointed Michael G. 
Morris as Chairman, President and Chief Executive Officer of NU effective August
19, 1997. Mr. Morris has been elected to comparable positions at most of the
subsidiaries of NU, and to Chairman of the Board of Directors of The Connecticut
Power and Light Company, also effective August 19, 1997. NU intends to enter
into a five year employment agreement with Mr. Morris, the principal terms of
which will provide for a starting salary of $750,000 per annum, a lump sum
payment of $1,350,000, and non-qualified options to purchase 500,000 shares of
NU stock at $9.625 per share, with exercise rights vesting in stages through
August 20, 2001, subject to certain exceptions. Mr. Morris will also be eligible
to participate in the short term and long term incentive compensation programs
established by the NU system for senior level executive officers generally in
1998 and 1999, respectively.