| Business Summary | | Northeast
Utilities
(NU)
is
the
parent
company
of
the
Northeast
Utilities
system
(NU
system).
The
NU
system
furnishes
franchised
retail
electric
service
in
Connecticut,
New
Hampshire
and
western
Massachusetts
through
three
of
NU's
wholly
owned
subsidiaries,
CL&P,
Public
Service
Company
of
New
Hampshire
and
Western
Massachusetts
Electric
Company.
The
NU
system
also
furnishes
retail
natural
gas
service
in
most
of
Connecticut
through
its
Yankee
Gas
Services
Company
subsidiary.
NU,
through
its
wholly
owned
subsidiary,
NU
Enterprises,
Inc.,
owns
a
number
of
competitive
energy-
and
telecommunications-related
businesses,
including
Northeast
Generation
Company,
Northeast
Generation
Services
Company,
Select
Energy,
Inc.,
HEC
Inc.,
Mode
1
Communications,
Inc.
and
Select
Energy
Portland
Pipeline,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NU
is
the
parent
company
of
Northeast
Utilities
System.
NU
provides
electrical
service
to
CT,
NH
and
Western
MA
through
it
wholly
owned
subsidiaries.
For
the
six
months
ended
6/30/01,
revenues
rose
21%
to
$3.38
billion.
Net
income
applicablee
to
Common
before
accounting
change
totaled
$181.3
million,
up
from
$86.8
million.
Revenues
reflect
new
contracts
for
energy
services
and
the
acquisition
of
Yankee.
Net
income
also
reflects
a
$653.9
million
gain
on
the
sale
of
a
utility
plant. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Morris, 54 Chairman,
Pres and CEO | $2.1M | John Forsgren, 54 Vice
Chairman, CFO, Exec. VP | 900K | Bruce Kenyon, 58 Pres
and CEO of NAEC and Pres-Generation Group of NU | 996K | Cheryl Grise, 48 Sr.
VP, Sec. and Gen. Counsel | 578K | Jeffrey Kotkin VP
of Investor Relations, Director | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|