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August 30, 2015 12:42 PM ET

Electric Utilities

Company Overview of NSTAR Electric Company

Company Overview

NSTAR Electric Company, a regulated electric utility company, engages in the purchase, transmission, delivery, and sale of electricity to residential, commercial and industrial customers in Massachusetts. As of December 31, 2014, the company served approximately 1.2 million customers in Boston, as well as 80 surrounding cities and towns in Massachusetts, including Cape Cod and Martha’s Vineyard. NSTAR Electric Company, through its subsidiary, Harbor Electric Energy Company, provides retail distribution services and ongoing support to the Massachusetts Water Resources Authority. The company is based in Boston, Massachusetts. NSTAR Electric Company is a subsidiary of Eversource Energy.

800 Boylston Street

Boston, MA 02199

United States

Phone:

617-424-2000

Key Executives for NSTAR 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
Chairman, Chairman of Risk Committee, Chief Executive Officer of Northeast Utilities and President of Northeast Utilities
Age: 68
Chief Accounting Officer, Vice President and Controller
Age: 45
Compensation as of Fiscal Year 2015.

NSTAR Electric Company Key Developments

NSTAR Electric Company Adopts Amended and Restated Bylaws

On September 29, 2014, NSTAR Electric Company a wholly owned subsidiary of Northeast Utilities (NU) adopted amended and restated Bylaws effective as of such date. The Bylaws were amended and restated as part of an initiative across NU subsidiary companies to update and standardize Bylaws, including the following items: Established a consistent Board size of not less than three Directors, with the number fixed by the stockholders or the Board from time-to-time; Established a consistent slate of required Company Officers, which includes a President, a Treasurer and a Secretary and Clerk; Added a provision that provides increased flexibility with respect to the conduct of regular or special meetings, permitting Directors to participate in such meetings by remote communication while still being considered present in person at the meeting; Amended the notice provision related to an annual or special meeting of stockholders, requiring the Secretary and Clerk to provide notice at least seven days before the meeting to each stockholder entitled to vote; Included a provision that Bylaws may be altered, amended or repealed by a majority vote of stockholders or by the Board, if the Articles of Organization so provide, except with respect to any provision which by law, the Articles of Organization or the Bylaws requires action by the stockholders; and Made certain other non-substantive and conforming changes to clarify existing provisions and to standardize such provisions across all NU subsidiary companies.

NSTAR Electric Co. Wins $2,200,000.00 Federal Contract

U.S. Army Corps of Engineers (Department of the Army), USACE District, New England, has awarded a $2,200,000.00 federal contract to NSTAR Electric Co. on August 15, 2014 for 'NSTAR Award Achusnet Power River Crossing, New Bedford, MA'.

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

NSTAR Electric Company announced earnings results for the second quarter and first half of 2014. For the second quarter, the company reported revenue was $59.6 million compared with $57.4 million for the same period in the last year. For the first half, the company reported revenue was $117.2 million compared with $105 million for the same period in the last year.

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