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New England Power Company (PK:NEWEN)

Business Focus: Electric Utilities

Sector:  Utilities Industry:  Electric Utilities
 
Company Contact
Address: 170 Data Dr.
WALTHAM MA 02451
Tel: N/A
Website: N/A
IR: N/A
Key People
N/A    
Business Overview
New England Power Company is a United States-based company. The Company is engaged in transmission of electricity in wholesale quantities to other electric utilities. The Company's reportable segments are electricity transmission and stranded cost recoveries.
Financial Overview
For the three months ended 30 June 2005, New England Power Company revenues decreased 4% to $110.8M. Net income applicable to common stockholders decreased 17% to $15.1M. Revenues reflect Electric Transmission segment decrease of 5% to $40M, Stranded Cost Recoveries segment decrease of 3% to $71M. Net income also reflects Purchased Electricity - Other increase from $3.8M to $26M (expense), Interest on LT Debt increase of 95% to $2.9M (expense).