Northeast Utilities
From Wikipedia, the free encyclopedia
| Northeast Utilities | |
|---|---|
| Type | Public (NYSE: NU) |
| Founded | 1966 |
| Headquarters | Berlin, Connecticut, USA |
| Area served | Northern Connecticut, Western Massachusetts, New Hampshire |
| Key people | NU is governed by an 8-member Board of Trustees. Elizabeth T. Kennan, Lead Trustee[1] |
| Industry | Electric Utilities |
| Products | generation, transmission and distribution |
| Website | www.nu.com, CL&P - www.cl-p.com WMECO - www.wmeco.com PSNH - www.psnh.com |
Northeast Utilities (NU) is a publicly-traded, Fortune 500 energy company headquartered in Berlin, Connecticut, with several regulated subsidiaries offering retail electricity and natural gas service to more than 2 million customers in New England.
NU is New England's largest energy delivery system, with more than 3,000 circuit miles of electric transmission lines and 32,800 pole miles of distribution lines throughout the region, and a natural gas distribution system encompassing more than 2,000 square miles (5,000 km²) in Connecticut.
NU was formed on July 1, 1966, with the merger of CL&P, WMECO and The Hartford Electric Light Company under a single parent company, creating the first new multi-state public utility holding company since the enactment of the Public Utility Holding Company Act of 1935. In 1967, Holyoke Water Power Company (HWP) joined the NU System, followed by PSNH in 1992.
Northeast Utilities has four main subsidiaries. These are Connecticut Light and Power Company (CL&P), Public Service Company of New Hampshire (PSNH), Western Massachusetts Electric Company (WMECO), and Yankee Gas Services Company (Yankee Gas). CL&P is Connecticut's largest electric utility, serving more than 1.1 million customers. This subsidiary serves residential, municipal, commercial and industrial customers in approximately 149 cities and towns.
PSNH is the Granite State's largest electric utility, serving more than 475,000 homes and businesses throughout the state. This subsidiary owns three fossil fuel-fired generating plants and nine hydroelectric facilities, jointly capable of generating more than 1,110 megawatts of electricity.
WMECO is a main distributor of electricity in western Massachusetts, serving more than 200,000 customers. This company is a leading energy solutions company, offering a wide range of innovative energy solutions designed with the diverse needs of its customers in mind from its billing options to energy conservation, economic development to environmental stewardship and consumer products and services.
Yankee Gas is Connecticut's largest natural gas distribution company, delivering natural gas to approximately 200,000 customers in approximately 71 cities and towns. This subsidiary delivers natural gas to thousands of Connecticut homes for heating, hot water, cooking (indoors and outdoors), fireplaces and outdoor lighting.
In November 2005, the company announced it would sell its unregulated competitive businesses, including generation and energy services. In November 2006 the company had essentially completed the divestiture of its competitive businesses.
