Apr. 5, 2012, 12:07 PMNStar (NST -0.3%) wins final approval for its planned $5B merger with Northeast Utilities (NU -0.2%), gaining the support of the Massachusetts Department of Utilities. The endorsement paves the way for creating of a New England energy giant that will serve 3.5M gas and electric customers. | Comment!
Jan. 4, 2012, 3:34 PMThe proposed $4.3B merger between Northeast Utilities (NU -1.7%) and Nstar (NST -3.7%) will be reviewed by utility regulators in Connecticut, reversing the state's decision last year not to review the transaction, the Hartford Courant reports. The preliminary decision throws a new barrier in the way of the deal that would create a $17.5B utility, just three months before the deal expires. | Comment!
NSTAR (or the Company) is a holding company engaged through its subsidiaries in the energy delivery business serving approximately 1.4 million customers in Massachusetts, including approximately 1.1 million electric distribution customers in 81 communities and approximately 300,000 natural gas... More
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