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February 13, 2016 5:29 PM ET

Electric Utilities

Company Overview of Western Massachusetts Electric Company

Company Overview

Western Massachusetts Electric Company, a regulated electric utility, purchases, delivers, and sells electricity to residential, commercial, and industrial customers. The company serves approximately 208,000 customers in 59 cities and towns in the western region of Massachusetts. It also operates solar generation facilities with a capacity of 8 MW in Pittsfield, Springfield, and East Springfield in Massachusetts. The company was founded in 1886 and is based in Springfield, Massachusetts. Western Massachusetts Electric Company is a subsidiary of Eversource Energy.

300 Cadwell Drive

Springfield, MA 01104

United States

Founded in 1886

310 Employees



Key Executives for Western Massachusetts Electric Company

Chief Executive Officer and Director
Age: 55
President, Chief Operating Officer and Director
Chief Financial Officer, Executive Vice President and Director
Age: 59
Senior Vice President, General Counsel, Secretary and Director
Age: 57
Chief Accounting Officer, Vice President and Controller
Age: 45
Compensation as of Fiscal Year 2015.

Western Massachusetts Electric Company Key Developments

Eversource Energy, The Connecticut Light and Power Company, Western Massachusetts Electric Company, Public Service Company of New Hampshire, NSTAR Electric Company, Yankee Gas Services Company Amend and Restate $1.45 Billion Senior, Unsecured Revolving Credit Facility

On October 26, 2015, Eversource Energy and its subsidiaries, The Connecticut Light and Power Company (CL&P), NSTAR Gas Company (NSTAR Gas), Public Service Company of New Hampshire (PSNH), Western Massachusetts Electric Company (WMECO) and Yankee Gas Services Company (Yankee Gas) amended and restated their existing $1.45 billion senior, unsecured revolving credit facility with Bank of America, N.A., as Administrative Agent and Swing Line Lender and other lenders (the Eversource Facility), and extended the expiration date to September 4, 2020. The Eversource Facility allows each company to borrow the amounts, subject to the overall cap of $1.45 billion, which remains unchanged: Eversource: $1.45 billion; CL&P: $600 million; each of PSNH and WMECO: $300 million; and each of NSTAR Gas and Yankee Gas: $200 million. Also on October 26, 2015, NSTAR Electric Company (NSTAR Electric), another subsidiary of Eversource, amended and restated its existing $450 million senior, unsecured revolving credit facility with Barclays Bank PLC, as Administrative Agent and Swing Line Lender and other lenders (the NSTAR Electric Facility and, together with the Eversource Facility, the Facilities), and extended the expiration date to September 4, 2020. The principal amount of the NSTAR Electric Facility also remains unchanged. The Facilities will continue to be used for working capital, capital expenditures and repayment of debt, and to backstop the Eversource and NSTAR Electric commercial paper programs.

Western Massachusetts Electric Company Announces Earnings Results for the Second Quarter and First Half of 2014

Western Massachusetts Electric Company announced earnings results for the second quarter and first half of 2014. For the second quarter, the company reported revenue was $7 million compared with $16.4 million for the same period in the last year. For the first half, the company reported revenue was $25.1 million compared with $35 million for the same period in the last year.

Western Massachusetts Electric Company Reports Earnings Results for the First Quarter of 2014

Western Massachusetts Electric Company reported earnings results for the first quarter of 2014. For the period, the company earned $18.1 million in the first quarter of 2014, compared with earnings of $18.6 million in the first quarter of 2013.

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