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The Boston Globe


Top five NStar executives made $15 million last year

NStar’s top five executives, including former chief Thomas J. May, earned a total of nearly $15 million in 2012 — about $4 million less than in 2011, despite helping to engineer a merger with Northeast Utilities of Hartford.

The figures include three months of pay for each executive that NStar had not disclosed to the US Securities and Exchange Commission, citing a technicality that allowed the Boston firm to stop reporting financial information once it became part of Northeast Utilities last April. The combined company released the missing compensation details this week, as part of its response to a request from Attorney General Martha Coakley, the state’s ratepayer advocate.

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