Eversource 2001 Annual Report Download - page 11

Download and view the complete annual report

Please find page 11 of the 2001 Eversource annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 58

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58

Business Growth
by Leaps and Bounds
strengths in trading operations, risk management and
physical commodities.
In 2001, Select Energy acquired Niagara Mohawk
Energy Marketing, Inc., marking a significant increase
in annual revenues and accelerating Select Energy’s
foothold in the New York market by one to two years.
In 2002, broader regional expansion and building
the energy trading business will deliver tremendous
growth to the NU system. Expansion to neighboring
power pools will occur as customers in deregulating
energy markets move to competitive supply.
With continued strategic integration of energy sup-
ply and comprehensive energy services, Select expertise
will deliver results— at the right time and price.
Satisfied, repeat customers. Integrated energy solutions. Innovative products
in electric power and natural gas. A common denominator? Select Energy.
William Schivley, Select Energy president, characterizes the results. “As
the deregulated energy marketplace presents choices, we deliver bottom-
line results – competitively priced energy and customer relationships built
on trust.”
9
Unregulated businesses are tracking for unprecedent-
ed growth. Fulfilling plans to expand operations and
assets throughout the Northeast, NU’s energy market-
ing and services subsidiary Select Energy is the recog-
nized market leader in wholesale energy, trading, retail
and behind-the-meter energy business in New England.
An integrated energy solutions company serving
wholesale and retail customers, Select Energy’s current
annual revenues total $3 billion. Their greatest asset—
knowledge.
With experience serving aggregated customer loads
and adeptness at customized pricing, Select Energy
moves freely in today’s robust marketplace. It benefits
its financially savvy energy customers by its in-house
Return to First pageReturn to First pageReturn to HighlightsReturn to HighlightsReturn to Highlights