Eversource 2005 Annual Report Download - page 6

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4
Solid performance in regulated distribution
and generation
The strength of NU’s regulated electric and natural gas
distribution companies, and regulated generation, reflects
our many years of experience. In 2005, these businesses
performed well, with earnings of $120.9 million. We
implemented rate increases at all four of our regulated
companies, addressing the need to recover higher
investment levels at these businesses.
The summer brought record peak electricity sales and
our system performed reliably during that load stress.
Our regulated generation in New Hampshire also performed
well in 2005. With an overall base load capacity factor of
nearly 81 percent, we generated about 70 percent of our
retail customer needs. This saved customers between
$75 –100 million.
Looking ahead, we expect to invest $2 billion in electric
and natural gas distribution systems and regulated
generation over the next five years. Combined with our
projected $2.3 billion investment in transmission, this
will be an unprecedented investment in New England’s
energy infrastructure.
Beyond the need for a reliable energy system, the issue
of dramatic energy price increases has the attention of
customers across the country. Add to this customer concerns
about the economy and the environment, and the value
of major NU projects is both clear and compelling.
”
Restoring Power after Gulf Coast Hurricanes:
Mutual Aid to Florida and Mississippi
Few utilities have NU’s reputation and experience in helping
communities devastated by storms and outages. Again in
2005, CL&P, WMECO and PSNH crews were called on to
travel to Florida and Mississippi to restore electricity after
hurricanes battered these states. Yankee Gas crews joined
the ranks and provided valuable, first-time mutual aid in
Mississippi. In some cases our crews traveled with food,
water, tents and a 7,000 gallon fuel tanker, not knowing
what to expect of conditions and resources en route or
when they arrived.
Amidst heat, humidity and extremely difficult conditions,
NU crews worked safely and efficiently, bringing help to
thousands of people in serious need.
Mississippi resident:
Returning from a trip to West Virginia, I was on Interstate 81
when I passed an entire fleet of your company’s bucket trucks.
My thought was how impressive. They wereall together,going
the same rate of speed. It was like a truck ballet. I know how
valuable these trucks are to an electric company and I just
wanted you to know what a beautiful sight it was to see such
unity and devotion displayed by your drivers and employees.”