Nu.com operates utility grids in Massachusetts and New Hampshire
Company
Slogan: "The energy to make a difference."
Northeast Utilities is an energy company headquartered in Berlin, Connecticut. Together with several regulated subsidiaries, they offer retail electricity and natural gas service to more than 2 million customers in the North Eastern United States.
Subsidiaries
Wholly-owned subsidiaries of Northeast Utilities include:
- Connecticut Light & Power - The Connecticut Light and Power Company started operations in 1917. They cover almost the whole state of Connecticut, with only a few counties served by other utilities.
- Public Service of New Hampshire - Public Service of New Hampshire was founded in 1926. They are New Hampshire's largest electric utility, serving more than 475,000 homes and businesses throughout the state. They operate from three fossil fuel-fired generating plants and nine hydroelectric facilities.
- Western Massachusetts Electric - The Western Massachusetts Electric Company has been delivering the energy of western Massachusetts since 1886. They work to distribute power through 45 substations.
- Yankee Gas Services - Yankee Gas Services Company is Connecticut's largest natural gas distribution company. They deliver natural gas to approximately 200,000 customers in 71 cities and towns in Connecticut.
The Northeast Utilities Service Company was created in 1966 to provide centralized administrative support to NU's subsidiaries. They work together with the above businesses to provide a united framework for energy distribution.
In addition, NU also owns and operates these realty subsidiaries:
- The Quinnehtuk Company (Massachusetts)
- The Rocky River Realty Company (Connecticut)
- Properties, Inc. (New Hampshire)
- NorConn Properties, Inc. (Connecticut)
History
Oon July 1, 1966, the Northeast Utilities system was formed when the Connecticut Light and Power Company, Western Massachusetts Electric Company, and The Hartford Electric Light Company affiliated under the common ownership of Northeast Utilities to become the system's parent company.
The NU system was the first new multi-state public utility holding company system to be created since the enactment of the Public Utility Holding Company Act of 1935. Since that time:
- 1967 - Holyoke Water Power Company (HWP) joined the affiliation.
- 1992 - Public Service Company of New Hampshire (PSNH), became a new member of the NU system.
The NU system became the largest utility in New England and one of the 20 largest in the nation. From its outset, it had nearly one million customers - counting 846,000 electric and 145,000 gas - and more than 6,000 employees, with assets, valued at approximately $1 billion. It had a system capacity of 2,489 megawatts and a peak demand of 2,290 megawatts. Its 1965 combined operating revenue was $234,000,000. Of that amount, 89 percent came from the sale of electricity, while gas revenues contributed 11 percent.
Being a chartered business trust, NU is governed by a board of trustees whose function is identical to the board of directors of a corporation.
Website
NU.com is a friendly site with both portal links to their subsidiaries' websites and a complete section of information about their whole company. In addition to linking to the subsidiaries, the site includes sections on:
- Search
- Contact Us
- About NU
- Business to Business
- Economic Development
- Energy Choices
- Environment and Safety
- Media Center
- Careers
- Investors
The "About NU" section expands to further information about NU in the form of:
- Our Vision
- Corporate Governance
- Officers and Trustees
- 2006 Annual Report
- NU Facts
- NU's History
- NU's Subsidiaries
- Community Involvement
- NU Foundation
Business profile
Northeast Utilities reported revenues of $7.5 billion in 2006. Their Fortune 500 ranking is #304.
Languages
English
Address
- Information Technology 107, Selden St
- Berlin CT 06037 US
