Does Eversource own PSNH?
Corporate structure. Before its rebranding, the company operated six main subsidiaries: Connecticut Light and Power (CL&P), Public Service Company of New Hampshire (PSNH), Western Massachusetts Electric Company (WMECO), Yankee Gas Services Company (Yankee Gas), NSTAR Electric, and NSTAR Gas.
Who owns Public Service Company of New Hampshire?
Northeast Utilities
The Public Service Company of New Hampshire (PSCNH) is a wholly-owned subsidiary of Northeast Utilities. On its website, PSCNH states that it formed in 1926 and is the state’s “largest electric utility, serving more than 490,000 homes and businesses throughout the state.”
When did Northeast Utilities become Eversource?
Northeast Utilities (NU), an energy delivery firm with headquarters in Boston, MA and Hartford, CT, is processing a change of its name to “Eversource Energy”. The re-branding program will officially take place on Feb 2, 2015.
Does Eversource own power plants?
Eversource is the only electric utility in New England to still own coal, wood, oil and gas generation plants. Similar utility-owned plants throughout New England, including nuclear plants, were sold approximately 15 years ago.
When did eversource buy PSNH?
Former Public Service Company of New Hampshire Shareholders Under that plan, Northeast Utilities merged with PSNH in June 1992.
Where does NH get its power?
More than 40 percent of the state’s electricity is generated from the Seabrook nuclear power plant, the largest single nuclear reactor in New England. Natural gas provides 26 percent of New Hampshire’s electricity, with coal meeting almost 15 percent of demand.
How does Eversource make money?
It represents the prices Eversource is charged by power generators. Those costs are passed through to customers. Eversource does not make a profit on them.
Is eversource owned by Avangrid?
Berkshire Gas, with its 40,000 accounts in Western Massachusetts, is a subsidiary of Avangrid, which also owns gas utilities in Connecticut, Maine and New York. Eversource owns Yankee Gas in Connecticut and NSTAR Gas in Massachusetts. Both companies also own electrical utilities and power generation assets.