What Are Some Facts About the NSTAR Electric Company?


Quick Answer

NSTAR Electric Company is a regulated electric utility company that engages in the purchase, delivery, transmission and sale of electricity to residential and industrial customers in Massachusetts. As of 2014, the company served some 1.2 million customers in Boston and 80 surroundings towns and cities. NSTAR Electric company also provides retail distribution services and support to the Massachusetts Water Resources Authority through its subsidiary, Harbor Electric Energy Company.

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Full Answer

NSTAR was founded in 1999, following the merger of BEC Energy and Commonwealth Energy System. NSTAR divested all electric energy generation facilities as part of deregulation of the local electrical power industry, keeping only the elements of its business that remain regulated. In 2002, NSTAR sold its interests in the Seabrook Station nuclear power plant to the FPL group. In October 2010, NSTAR Electric Company announced a merger with Northeast Utilities.

The merger took place in 2012, and in 2015, Northeast Utilities and all its subsidiaries, including NSTAR, re-branded themselves as Eversource Energy, which is a publicly traded, Fortune 500 energy company headquartered in Boston and Hartford, Connecticut. Eversource Energy has numerous regulated subsidiaries that provide retail natural gas and electric service to more than 3.6 million customers in Massachusetts, New Hampshire and Connecticut, as of 2015.

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