Eversource 1999 Annual Report Download - page 14

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12 Yankee Gas
YANKEE ENERGY SYSTEM, INC.
CORE BUSINESS
CHARLES E. GOOLEY
President and Chief
Executive Officer,
Yankee Energy System
Yankee Energy System, Inc. (YES), headquartered in Meriden, Connecticut, is a diversified company specializing in
the distribution, conversion and control of energy to meet its customers’ needs. YES’ principal operating subsidiary,
Yankee Gas Services Company (Yankee Gas), the largest natural gas distribution company in Connecticut, serves
more than 185,000 customers in 69 cities and towns. YES’ other operating subsidiaries support its core business and
promote the growth and expansion of its energy-related services.
Yankee Energy Services Company (YESCo) provides a wide range of energy-related services,
including engineering, installation, and maintenance of building control systems; comprehensive heating,
ventilating and air conditioning; and boiler and refrigeration equipment installation and services.
R.M. Services, Inc. provides receivables management services for companies throughout the
United States, and Yankee Energy Financial Services Company provides a full range of residential, commercial and
industrial equipment and energy-related improvement financing options through the Energy Key and Hometown Energy
Loan programs. Another subsidiary, NorConn Properties, owns selected system real estate and leases it to Yankee Gas.
On June 14, 1999, YES announced that it had agreed to merge with Northeast Utilities. The merger closed in
March 2000, and YES is being successfully integrated into the NU family. Post merger, YES is being restructured to
focus on its core business. Among the changes taking place is the integration of YESCo with NU’s unregulated
subsidiary HEC Inc.