Posts Tagged ‘ merger ’

Connecticut Governor, Attorney General announce NU/NStar agreement; Open Space Preserved

Mar 13th, 2012 | By

Connecticut Fund for the Environment, an environmental non-profit that works to preserve air, land, and water quality in the state, is pleased with the agreement reached for the NU-NSTAR merger.

Don Strait, executive director of CFE said “the agreement appears to address our concerns regarding the acres of open space currently owned by NU by transferring some of the most precious parcels into a land trust. It also extends the Memorandum of Understanding for another 10 years, protecting the 8,500 acres of open space from sale for development.” Click on this environmental headline for more on this story.

PURA Establishes Docket, Sets Schedule for Review of Proposed NU/NSTAR Merger

Jan 22nd, 2012 | By

Final decision expected April 2. In response to an application from Northeast Utilities for approval of a merger with NSTAR, the Connecticut Public Utilities Regulatory Authority has established a docket and set a schedule for its review of this proposed transaction. Click on this environmental headline for more of this story.

NU, NSTAR agree to $17.5 billion merger

Oct 19th, 2010 | By

Northeast Utilities and NSTAR have announced that both companies’ Boards of Trustees have unanimously approved a definitive merger agreement that will create one of the nation’s largest utilities, with a total enterprise value of $17.5 billion. The company will continue to be called Northeast Utilities.