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February 09, 2016 3:15 AM ET

Electric Utilities

Company Overview of Public Service Company of New Hampshire

Company Overview

Public Service Company of New Hampshire, a regulated electric utility, engages in the generation, delivery, and sale of electricity to residential, commercial, and industrial customers in New Hampshire. As of December 31, 2014, the company provided retail franchise electric service to approximately 504,000 retail customers in 211 cities and towns in New Hampshire covering an area of 5,630 square miles. It also owns and operates approximately 1,200 megawatt (MW) of primarily coal-and oil-fired electricity generation plants; a wood-burning plant; and nine hydroelectric generating stations with a capability of approximately 71 MW. The company is based in Manchester, New Hampshire. Public Servic...

Energy Park

780 North Commercial Street

Manchester, NH 03101

United States

1,048 Employees

Phone:

603-669-4000

Key Executives for Public Service Company of New Hampshire

Chief Executive Officer and Director
Age: 55
President and Chief Operating Officer
Chief Financial Officer, Executive Vice President and Director
Age: 59
President of CL&P and Chief Operating Officer of CL&P
Age: 62
President of WMECO and Chief Operating Officer of WMECO
Age: 53
Compensation as of Fiscal Year 2015.

Public Service Company of New Hampshire 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.

Public Service Company of New Hampshire Announces Earnings Results for the Second Quarter and First Half of 2014

Public Service Company of New Hampshire announced earnings results for the second quarter and first half of 2014. For the second quarter, the company reported revenue was $24.1 million compared with $27.2 million for the same period in the last year. Lower second quarter results were due in part to the transmission reserve and lower generation earnings. For the first half, the company reported revenue was $56.7 million compared with $56.2 million for the same period in the last year.

Public Service Company of New Hampshire Reports Earnings Results for the First Quarter of 2014

Public Service Company of New Hampshire reported earnings results for the first quarter of 2014. For the period, the company earned $32.6 million compared with earnings of $29 million in the first quarter of 2013. Improved results reflect a 4.2% increase in retail sales in the first quarter of 2014, compared with the first quarter of 2013.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 12, 2015
Public Service Company of New Hampshire, Three Fossil Fuel and Nine Hydroelectric Power Plants
 

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