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Home > Company Index > Utilities > Electric Utilities > Bangor Hydro-Electric Company

Bangor Hydro-Electric Company
NYSE: BGR
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 NEWS FROM THE WIRES
Bangor Hydro files for Maine-New Brunswick line
Aug 13 2001 10:21 AM PDT

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 PROFILE
Bangor Hydro-Electric has dropped its hydro, but the company still has plenty of electricity. As part of the restructuring of the electric utility industry in the state of Maine, Bangor Hydro-Electric has shed most of its generating facilities, including its hydroelectric projects, to focus on distribution and transmission. The regulated utility serves 107,000 customers in southeastern Maine's Aroostook, Hancock, Penobscot, Piscataquis, Waldo, and Washington counties. It moves power through some 580 miles of transmission lines and some 4,500 miles of distribution lines. Bangor Hydro-Electric is being acquired by Canada's Emera, the parent company of electric utility Nova Scotia Power.

 COMPETITION
Bay State Gas Company (dossier)
Central Vermont Public Service Corporation (CV)
Maine Public Service Company (MAP)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 212.30
1-Yr. Sales Growth: 7.2%
Employees: 427
Revenue per employee: $497,189.70

 KEY PEOPLE
• Robert S. Briggs
    CEO
• Frederick S. Samp
    CFO

 CONTACT INFO
33 State Street
Bangor, ME 04401
US
Phone: 207-945-5621
Fax: 207-990-6990
Online: Web Site

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