October 01, 2016 10:07 AM ET

Gas Utilities

Company Overview of Yankee Gas Services Company

Company Overview

Yankee Gas Services Company, doing business as Eversource Energy, engages in the distribution and sale of natural gas to residential and business customers in Connecticut. It distributes natural gas to approximately 226,000 customers in 72 cities and towns in Connecticut covering 2,187 square miles. The company is based in Berlin, Connecticut. Yankee Gas Services Company is a subsidiary of Yankee Energy System, Inc.

107 Selden Street

Berlin, CT 06037

United States

Phone:

800 989 0900

Fax:

800 841 8684

Key Executives for Yankee Gas Services Company

President and Chief Operating Officer
Age: 63
Chief Financial Officer and Executive Vice President
Age: 60
Vice President - Operations
Vice President of Operations
Age: 57
Compensation as of Fiscal Year 2016.

Yankee Gas Services 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.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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