Eversource 2001 Annual Report Download - page 13

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Aggressively Growing Generation
Services
commercial and industrial customers, NGS has estab-
lished itself in the market.
The successful acquisition of E.S. Boulos, one of the
largest union electrical contractors in New England,
brought substantial earnings to NGS and expanded its
service mix to include substation construction and
high-voltage electrical maintenance.
In 2002, strategic growth will continue with another
acquisition and potential additionsto Northeast Genera-
tion Company’s asset portfolio. In 2003,NGS will broaden
its expertise with plans to acquire a mechanical company.
In the Generation Group, employees are producing
results in a challenging and highly competitive market.
Truly, the growth plan is in good hands.
NGS has seen dramatic growth, providing a preview of its future contribu-
tions. Expertise, disciplined strategic planning and customer focus are the
keys. Bruce Kenyon, president of Northeast Utilities’ Generation Group and
president and chief executive officer of Northeast Generation Services
Company (NGS) believes “Success in the competitive market is achieved
with our core competencies of capability and dependability.”
11
Northeast Generation Services Company’s (NGS)
growth strategy is producing visible results. 2001 earn-
ings of $4.6 million exceeded target andNGS achieved
a striking 47percent return on equity.
NGS has demonstrated its ability to win competi-
tively bid contracts, grow its market presence and deliv-
er quality generation services.
Delivering results on a range of service contracts,
from complete turnkey station management to
customized services tailored to meet specific customer
needs, NGS is leveraging its capabilities to capitalize on
the electric utility and industrial markets.
Locking in its position as an integrated services
provider to the electric generation market and to large
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