Corporate Structure
Northeast Utilities has four main subsidiaries. These are CL&P, PSNH, 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 New Hampshire'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.
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.
Read more about this topic: Northeast Utilities
Famous quotes containing the words corporate and/or structure:
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
—Anne C. Weisberg (20th century)
“It is difficult even to choose the adjective
For this blank cold, this sadness without cause.
The great structure has become a minor house.
No turban walks across the lessened floors.
The greenhouse never so badly needed paint.”
—Wallace Stevens (1879–1955)