Definitions

Energy East

Energy East

Energy East is a Fortune 500 company that serves 2.9 million public utility customers with energy, primarily electricity and natural gas.

Subsidiaries

  • Berkshire Gas
  • CMP - Central Maine Power
  • CNG - Connecticut Natural Gas
  • NYSEG - New York State Electric and Gas Corporation
  • RGE - Rochester Gas and Electric
  • SCG - Southern Connecticut Gas
  • USS - Utility Shared Services - Formed in 2003 to provide IT, HR, Purchasing, Finance and Accounting services for the six regulated utilities.

Other ventures

  • Central Maine Gas - a tiny natural gas company serving customers around Brunswick, ME
  • Energetix! - an unregulated utility based in Rochester, NY
  • New Hampshire Gas - a small propane/air utility in New Hampshire

News

In 2007 the Spanish electrical company Iberdrola agreed to purchase Energy East. The deal closed on September 17, 2008, valuing each Energy East share at $28.50. This represents a premium of 20.2% over the average share price for the 30 days prior to the offer announcement.

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