PROFILE |
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Earthquakes in New England? No, it's deregulation and acquisitions that have altered the energy landscape. National Grid USA, the former New England Electric System (NEES), has sold its non-nuclear power plants, and its utility subsidiaries are focusing on electricity delivery to more than 1.7 million customers in Massachusetts, New Hampshire, and Rhode Island. Formed when UK-based electricity transmission company National Grid Group bought NEES, National Grid USA has expanded with the acquisition of neighboring utility EUA. National Grid Group will double the size of its US operations and expand into New York with its planned acquisition of Niagara Mohawk Holdings.
COMPETITION |
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Energy East Corporation (EAS)
NSTAR (NST)
Northeast Utilities (NU)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 2,623.50
1-Yr. Sales Growth: 8.4%
Employees: 3,540
Revenue per employee: $741,101.69
KEY PEOPLE |
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Richard P. Sergel
CEO
John G. Cochrane
CFO
CONTACT INFO |
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25 Research Dr.
Westborough, MA 01582
US
Phone: 508-389-2000
Fax: 508-366-5498
Online: Web Site
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