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The Rocky River Power Company, formed in 1905 by J. Henry Roraback, became the Connecticut Light and Power Company in 1917. [11] Eversource predecessor Northeast Utilities (NU) was formed on July 1, 1966, under CEO Lelan Sillin, with the merger of the Connecticut Light and Power Company (CL&P, formed in 1917), Western Massachusetts Electric Company (WMECO, formed in 1886), and the Hartford ...
NSTAR became a subsidiary of Northeast Utilities in April 2012. In February 2015, Northeast Utilities and all of its operating companies (Western Massachusetts Electric, Public Service New Hampshire, Connecticut Light and Power, Yankee Gas, and NSTAR Gas and Electric) became one large company known as Eversource Energy.
Northeast Utilities is buying NSTAR for about $4 billion in a no-premium deal. The companies agreed to a stock-for-stock merger of equals with a total enterprise value of $17.5 billion to create a ...
Lelan F. Sillin Jr. (April 19, 1918 – January 3, 1997) was a pioneer in the nuclear power industry, an advocate of nuclear safety, and chairman and chief executive of Northeast Utilities. [1] An early proponent of nuclear power, he was nevertheless critical of some nuclear operators who failed to strive for excellence in their work. [2]
Northeast Utilities Appoints Three Executives to New Operations Positions HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)-- Northeast Utilities (NYS: NU) has appointed three current executives to new ...
Margins matter. The more Northeast Utilities (NYS: NU) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to ...