Eversource 2001 Annual Report Download - page 15

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In 2002, CL&P is reorganizing for enhanced performance in supporting
customers, the state’s economic growth, and strengthening business and
community vitality.
Outlook
Outlook
Competitive rates, stable through 2003, are the foundation for continued
load growth. New energy efficiency programs will be offered in 2003.
WMECO is well-positioned for the coming year and will continue to lead
the way in supporting customers and strengthening the economic, business
and community climate of western Massachusetts and the Commonwealth.
In 2002, Yankee’s focus is on growth – expanding Connecticut’s energy
options through expansion into new and exciting customer markets and
ensuring service and reliability of gas supply to support economic develop-
ment and fuel diversity in the state.
Expand retail and wholesale business as a result of recent New York
acquisition. Continued growth in revenues over the current level of $3
billion. Operational adjustments in place for profitability in 2002 as energy
markets continue to open for competition.
Acquisition plans underway for a variety of supply sources beyond New
England.
NGS is very optimistic for 2002 and beyond. Our E.S. Boulos acquisition
in 2001 launched us successfully into the electrical services business.
Growth through additional acquisitions is a key ingredient to our business
plan. The markets for generation and transmission infrastructure upgrades
are forecasted to be strong. Our engineering, maintenance and construction
skills are well positioned to take advantage of these opportunities.
The proposals are in various stages of development and will begin regulato-
ry review in 2002. When approval is granted, NU is prepared to begin con-
struction promptly.
Supplying electricity to customers in 149 cities and towns means that CL&P has
a critical role in the lives of millions of people every day. With a wide range of
programs, from energy conservation and ecconomic development to environ-
mental education and community activities, the 2,300 employees of CL&P are
an important part of the growth and vitality of our state. CL&P is committed
to aniticipating and meeting the needs of our customers quickly.
Market
Serving 198 communities in the Granite State, PSNH provides electric service
to more than 70 percent of New Hampshire. With twelve generation facilities,
PSNH has an ample and diverse suppply of energy that is part of the contin-
ued economic growth in our state. PSNH provides a number of programs and
services to help our customers save money and energy every month. We are
part of the every day life of the cities and towns of our state.
WMECO distributes electricity to 59 communities and provides a unique
array of residential, municipal, commercial and industrial programs in areas
such as streetlighting and energy efficiency to assist customers in managing
their costs. WMECO prides itself on its partnerships with the communities
it serves through economic and community development assistance and
environmental stewardship.
Yankee Energy, through its principle operating subsidiary, Yankee Gas,
delivers natural gas and related products and services to 187,000 residential,
commercial and industrial customers in 69 cities and towns in Connecticut.
Yankee Financial offers a full range of energy equipment financing options
for residential and business customers, through its Hometown Energy Loan
Program and Energy Key commercial financing program.
Select is the region’s leading provider of integrated energy cost-saving
solutions to commercial, industrial and institutional customers, and is a
licensed competitive energy retailer from Maine to Virginia. Power sourc-
ing, trading and generation for ISO New England, New York ISO and PJM
Interconnection power pools. Designated energy services contractor for fed-
eral and state agencies throughout the US and overseas.
Facilities include 1,080-megawatt Northfield Mountain pumped storage
facility in Massachusetts and hydro and coal-fired facilities in Massachusetts
and Connecticut.
NGS competes successfully for a wide range of customers in the power
generation and industrial markets of the Northeast. With expansion into
new industries, it will continue building on its success.
To address the anticipated needs for additional transmission capacity, NU is
working to strengthen the existing transmission system in the region. The
successful completion of these projects will deliver more energy choices,
improved reliability, and competitively priced energy for nearly 5 million
customers in the region.
Markets
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