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The Boston Globe


Coakley asks SEC for full pay disclosures

Attorney General Martha Coakley has formally asked federal securities regulators to eliminate the technicality that allowed Northeast Utilities to report only a portion of chief executive Thomas J. May’s total compensation for 2012.

Northeast Utilities, in filings with the Securities and Exchange Commission, only disclosed May’s 2012 earnings for the nine months after the company’s April merger with Boston utility NStar, which May led before becoming chief executive of the combined firm. Since NStar is no longer a separate public company, SEC regulations didn’t require Northeast Utilities to report May’s compensation during NStar’s final three months.

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