Eversource 2012 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2012 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 160

  • 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
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

27
3. Other Legal Proceedings
For further discussion of legal proceedings, see Item 1, Business: "- Electric Distribution Segment," "- Natural Gas Distribution
Segment" and "- Electric Transmission Segment," for information about various state regulatory and rate proceedings, civil lawsuits
related thereto, and information about proceedings relating to power, transmission and pricing issues; "- Nuclear Decommissioning" for
information related to high-level nuclear waste; and "- Other Regulatory and Environmental Matters" for information about proceedings
involving surface water and air quality requirements, toxic substances and hazardous waste, electric and magnetic fields, licensing of
hydroelectric projects, and other matters. In addition, see Item 1A, Risk Factors, for general information about several significant risks.
EXECUTIVE OFFICERS OF THE REGISTRANT
The following table sets forth the executive officers of NU as of February 15, 2013. All of the Company’s officers serve terms of one
year and until their successors are elected and qualified:
Name
Age
Title
Jay S. Buth
43
Vice President, Controller and Chief Accounting Officer.
Gregory B. Butler
55
Senior Vice President, General Counsel and Secretary.
Christine M. Carmody*
50
Senior Vice President-Human Resources of NUSCO and NSTAR Electric & Gas.
James J. Judge
57
Executive Vice President and Chief Financial Officer.
Thomas J. May
65
President and Chief Executive Officer.
David R. McHale
52
Executive Vice President and Chief Administrative Officer.
Joseph R. Nolan, Jr.*
49
Senior Vice President-Corporate Relations of NUSCO and NSTAR Electric & Gas.
Leon J. Olivier
64
Executive Vice President and Chief Operating Officer.
* Deemed an executive officer of NU pursuant to Rule 3b-7 under the Securities Exchange Act of 1934.
Jay S. Buth. Mr. Buth became Vice President, Controller and Chief Accounting Officer of NU, CL&P, NSTAR Electric, NSTAR Gas,
PSNH, WMECO, Yankee Gas, NUSCO and NSTAR Electric & Gas upon completion of the Merger. Previously, Mr. Buth was Vice
President-Accounting and Controller of NU, CL&P, PSNH, WMECO, Yankee Gas and NUSCO from June 2009 through the completion
of the Merger. From June 2006 through January 2009, Mr. Buth was the Vice President and Controller for New Jersey Resources
Corporation, an energy services holding company that provides natural gas and wholesale energy services, including transportation,
distribution and asset management.
Gregory B. Butler. Mr. Butler became Senior Vice President, General Counsel and Secretary of NU and Senior Vice President and
General Counsel of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas upon completion of the Merger. He has served as Senior
Vice President and General Counsel of CL&P, PSNH, WMECO, Yankee Gas and NUSCO since March 9, 2006. Mr. Butler was elected
a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas upon completion of the Merger. He has served as a Director of
NUSCO since November 27, 2012, and of CL&P, PSNH, WMECO and Yankee Gas since April 22, 2009. Previously Mr. Butler served
as Senior Vice President and General Counsel of NU from December 1, 2005 to April 2012. Mr. Butler became a Trustee of the
NSTAR Foundation effective upon completion of the Merger. He has served as a Director of Northeast Utilities Foundation, Inc. since
December 1, 2002.
Christine M. Carmody. Ms. Carmody became Senior Vice President-Human Resources of NUSCO upon completion of the Merger and
of CL&P, PSNH, WMECO and Yankee Gas effective November 27, 2012. She has served as Senior Vice President-Human Resources
of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas since August 1, 2008. Ms. Carmody was elected a Director of CL&P,
PSNH, WMECO and Yankee Gas upon completion of the Merger, and of NSTAR Electric, NSTAR Gas, NUSCO and NSTAR Electric &
Gas effective November 27, 2012. Previously, Ms. Carmody served as Vice President-Organizational Effectiveness of NSTAR, NSTAR
Electric, NSTAR Gas and NSTAR Electric & Gas from June 2006 to August 2008. Ms. Carmody became a Director of Northeast
Utilities Foundation, Inc. effective upon completion of the Merger. She has served as a Trustee of the NSTAR Foundation since
August 1, 2008.
James J. Judge. Mr. Judge became Executive Vice President and Chief Financial Officer of NU, CL&P, NSTAR Electric, NSTAR Gas,
PSNH, WMECO, Yankee Gas, NUSCO and NSTAR Electric & Gas upon completion of the Merger. Mr. Judge was elected a Director
of CL&P, PSNH, WMECO, Yankee Gas and NUSCO upon completion of the Merger. He has served as a Director of NSTAR Electric,
NSTAR Gas and NSTAR Electric & Gas since September 27, 1999. Previously, Mr. Judge served as Senior Vice President and Chief
Financial Officer of NSTAR, NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas from 1999 until April 2012. Mr. Judge became
Treasurer and a Director of Northeast Utilities Foundation, Inc. effective upon completion of the Merger. He has served as a Trustee of
the NSTAR Foundation since December 12, 1995.
Thomas J. May. Mr. May became President and Chief Executive Officer and a Trustee of NU, Chairman and a Director of CL&P,
NSTAR Electric, NSTAR Gas, PSNH, WMECO and Yankee Gas, and Chairman, President and Chief Executive Officer and a Director
of NUSCO upon completion of the Merger. He has been President and Chief Executive Officer of NSTAR Electric & Gas since
January 1, 2002. Mr. May has served as a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas (or their predecessor
companies) since September 27, 1999. Previously, Mr. May served as Chairman, President and Chief Executive Officer and a Trustee
of NSTAR, and as Chairman, President and Chief Executive Officer of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas until
the closing of the Merger. He served as Chairman, Chief Executive Officer and a Trustee since NSTAR was formed in 1999, and was