| Business Summary | | NSTAR
is
a
holding
company
that
was
formed
in
August
1999
through
a
merger
of
BEC
Energy
and
Commonwealth
Energy
System.
The
Company,
headquartered
in
Boston,
provides
regulated
electric
and
gas
utility
services
and
is
also
engaged
in
telecommunications
and
other
non-regulated
activities.
NSTAR,
through
its
subsidiaries,
Boston
Edison
Company,
Cambridge
Electric
Light
Company,
Commonwealth
Electric
Company
and
Commonwealth
Gas
Company,
serves
approximately
1.3
million
customers
throughout
Massachusetts,
including
approximately
1,040,000
electric
customers
in
81
communities
and
240,000
in
51communities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NSTAR,
a
holding
company,
provides
regulated
electric
and
gas
utility
services
and
is
also
engaged
in
telecommunications
and
other
non-regulated
activities.
For
the
six
months
ended
6/30/01,
revenues
increased
24%
to
$1.6
billion.
Net
loss
applicable
to
Common
totalled
$97.5
million
vs.
income
of
$67
million.
Results
reflect
increased
retail
electric
revenues
from
COM/Energy
and
kilowatt
hour
sales,
offset
by
a
$173.9
million
charge
for
investment
write-down. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas May, 53 Chairman,
CEO, Trustee | $2.2M | Russell Wright, 54 Pres,
COO, Trustee | 1.2M | James Judge, 44 CFO,
Sr. VP, Treasurer | 488K | Kevin Bryant, 40 Trustee | -- | Sheldon Buckler, 69 Trustee | -- | 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
|
|