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:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“Vashtar: So it’s finished. A structure to house one man and the greatest treasure of all time.
Senta: And a structure that will last for all time.
Vashtar: Only history will tell that.
Senta: Sire, will he not be remembered?
Vashtar: Yes, he’ll be remembered. The pyramid’ll keep his memory alive. In that he built better than he knew.”
—William Faulkner (1897–1962)