Eversource Energy (ES)

Company ID: 195 | CIK: 0000072741
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

Operational KPIs

Select Energy purchase contracts (backlog)

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NUG Firm Capacity (capacity)

Distribution capital expenditures (capital_expenditures)

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Contractor reduction (contractors)

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Natural Gas Customers (customers)

Electric Customers (customers_served)

CO2 Emissions (emissions_co2)

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Natural gas throughput (gas_production)

Generation capacity (generation_capacity)

Net generation (generation_volume)

Employees (headcount)

Gas emergency response rate (on_time_delivery)

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Wholesale sales obligations (order_book)

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2019 earnings guidance (other)

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Allowance for uncollectible accounts (other)

Authorized ROE (other)

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Available borrowing capacity (other)

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Average annual bill per residential customer (other)

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Average annual use per residential customer (other)

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Average common shares outstanding (other)

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Average outage duration (other)

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Average restoration duration (other)

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Average revenue per kWh - commercial (other)

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Average revenue per kWh - industrial (other)

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Average revenue per kWh - residential (other)

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CL&P Common shares outstanding (other)

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CL&P NBFMCC average rate (other)

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CL&P Retail kilowatt hour sales growth (other)

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CL&P competitive supplier migration (other)

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CL&P retail sales growth (other)

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CL&P standard offer service supply mix (other)

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Capacity spending (other)

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Capacity-related spending (other)

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Capital expenditures (other)

Cash and restricted cash (other)

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Cash capital expenditures (other)

Cities and towns served (other)

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Clean Air Project completion (other)

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Collateral exposure on downgrade (other)

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Collateral posted with counterparties (other)

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Collateral required on downgrade (other)

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Commercial paper capacity (other)

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Common Shares Outstanding (other)

Common dividend per share (other)

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Common shareholders (other)

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Common shares outstanding (other)

Company use and unaccounted for (other)

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Connecticut Yankee share of system capacity (other)

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Consecutive days online (other)

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Construction program forecast (other)

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Contracts settled (other)

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Cooling degree days (other)

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Cooling degree days change (other)

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Counterparty cash collateral (other)

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Counterparty collateral balances (other)

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Counterparty collateral deposits (other)

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Counterparty collateral received (other)

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Counterparty credit quality (other)

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Counterparty exposure credit quality (other)

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DART rate (other)

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Days on-line (other)

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Default service price (other)

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Deferred storm costs (other)

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Deferred storm restoration costs (other)

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Device types inventoried (other)

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Diluted earnings per share (other)

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Distribution capital expenditures (other)

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Distribution circuit miles (other)

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Distribution lines (other)

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Distribution overhead lines (other)

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Distribution substations (other)

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Distribution substations owned (other)

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Dividend per share (other)

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Dividends declared per share (other)

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Earnings per share (other)

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Electric Sales Growth (other)

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Electric retail revenues (other)

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Electric sales (other)

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Electric sales volume (other)

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Electric sales volumes (other)

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Electric substations owned (other)

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Electric system reliability (other)

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Electric transmission capital expenditures (other)

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Electricity sales volume (other)

Electricity sales volumes (other)

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Energy-related gross margin (other)

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Environmental remediation liability (other)

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Environmental remediation reserve (other)

Environmental remediation sites (other)

Environmental reserve (other)

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Environmental sites (other)

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FMCC charge rate (other)

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Firm Natural Gas Sales Growth (other)

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Firm gas sales change (other)

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Firm gas sales change (weather-normalized) (other)

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Firm gas sales growth (other)

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Firm gas volume sales growth (other)

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Firm natural gas sales (other)

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Firm natural gas sales volume (other)

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Firm natural gas sales volumes (other)

Firm natural gas volume sales change (other)

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Fixed-rate debt share (other)

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Fuel price hedge notional value (other)

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Fuel price hedging notional (other)

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Fuel price management notional (other)

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Fuel price management notional value (other)

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GHCC projects in service (other)

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GSRP project completion (other)

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GUAC nuclear capacity factor target (other)

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Generation availability (other)

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Generation return on equity (other)

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Goodwill (other)

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Goodwill balance (other)

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Greater Cambridge project spend (other)

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Guarantee exposure (other)

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Guarantees outstanding (other)

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Hardware devices inventoried (other)

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Heating degree days (other)

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Heating degree days change (other)

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ISO-NE average wholesale price (other)

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Incremental LMP Costs (other)

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Incremental LMP costs recovered (other)

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Incremental non-fuel nuclear O&M costs (other)

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Incremental nuclear O&M costs expensed (other)

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Incremental replacement power cost (other)

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Indicative bids received (other)

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Industrial electric sales change (other)

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Industrial electric sales growth (other)

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Interest rate hedge notional value (other)

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Interest rate hedging notional (other)

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Interest rate management notional (other)

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Interest rate management notional value (other)

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LNG facility completion (other)

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Letters of credit outstanding (other)

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Line Transformers (other)

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Line transformers in service (other)

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Long-term EPS growth rate guidance (other)

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Long-term debt maturities (other)

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Lost base revenue (other)

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Lost base revenue recognized (other)

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Maine Yankee closure obligation (other)

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Maine Yankee equity investment (other)

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Manufactured gas plant sites (other)

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Millstone 1 Decommissioning Estimate (other)

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Millstone 1 Decommissioning Fund Coverage (other)

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Millstone 3 Consecutive Days Online (other)

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Millstone 3 days on-line (other)

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Millstone 3 replacement power savings (other)

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Millstone O&M expense (other)

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Millstone capital expenditures (other)

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Millstone non-fuel O&M costs (other)

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Millstone nonfuel O&M costs (other)

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Millstone replacement power costs (other)

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Millstone restart cost reserve (other)

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Millstone restart reserve (other)

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Millstone units out of service (other)

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Months between interruptions (other)

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NU Common shares outstanding (other)

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NU common shareholders of record (other)

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NU common shares outstanding (other)

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Natural gas main pipeline miles (other)

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Natural gas retail revenues (other)

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Natural gas sales growth (other)

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Natural gas sales volume (other)

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Natural gas sales volumes (other)

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Natural gas volume sales growth (other)

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Net Trading Position (other)

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Non-GAAP earnings per share guidance (other)

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Non-utility generation share (other)

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Northern Pass capitalized costs (other)

Northern Pass project costs (other)

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Nuclear capacity factor (other)

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Nuclear contribution to energy (other)

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Nuclear contribution to energy requirements (other)

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Nuclear decommissioning estimated cost (other)

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Nuclear decommissioning trust balances (other)

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Nuclear reserve balance (other)

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Nuclear share of energy requirements (other)

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Number of Reportable Segments (other)

Offshore Wind Equity Investment (other)

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Offshore Wind Lease Area (other)

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Offshore wind equity investment (other)

Offshore wind equity investment balance (other)

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Offshore wind investment (other)

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Offshore wind investment balance (other)

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Operating cash flow (other)

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Overhead distribution line miles (other)

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Overhead distribution lines (other)

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Overhead distribution pole miles (other)

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PSNH Retail kilowatt hour sales growth (other)

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PSNH retail sales growth (other)

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Peak Demand (other)

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Peak demand (other)

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Peak summer demand incremental cost (other)

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Pension funded status (other)

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Pension plan assets (other)

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Pension plan funded ratio (other)

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Pension plan funded status (other)

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Population Served (other)

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Price sensitivity of fair value (other)

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Project completion (other)

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Project construction progress (other)

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Projected capital expenditures (other)

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Purchased and net interchange power (other)

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Quarterly common dividend (other)

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RMR Costs (other)

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Registered common shareholders (other)

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Regulated Retail Sales Change (other)

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Regulated Retail Sales Growth (other)

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Regulated electric sales change (other)

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Regulated electric sales growth (other)

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Regulated retail electric sales growth (other)

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Regulated retail sales growth (other)

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Regulated utilities (other)

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Regulatory ROE (other)

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Regulatory assets (other)

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Regulatory return on equity (other)

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Reliability - months between interruptions (other)

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Reliability months between interruptions (other)

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Reliability must run costs (other)

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Reliability — months between interruptions (other)

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Renegotiated PPA capacity (other)

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Replacement power cost (other)

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Residential energy supply rate (other)

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Retail Electric Sales Growth (other)

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Retail Sales Growth (other)

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Retail bid success rate (other)

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Retail contract portfolio value (other)

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Retail contract volume (other)

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Retail electric sales (other)

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Retail electric sales by company (other)

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Retail electric sales volume (other)

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Retail electric sales volumes (other)

Retail energy delivered (other)

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Retail gross margin contracted (other)

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Retail gross margin target (other)

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Retail kWh sales growth (other)

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Retail kilowatt hour sales growth (other)

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Retail kilowatt-hour sales change (other)

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Retail kilowatt-hour sales growth (other)

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Retail margin targets contracted (other)

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Retail marketing contracted (other)

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Retail sales by utility (other)

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Retail sales growth (other)

Retail sales growth (PSNH) (other)

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Retail sales growth (WMECO) (other)

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Retail sales volume (other)

Retail wheeling pilot allocation (other)

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Revenue by customer class (other)

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Revolving credit borrowed (other)

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Scheduled refueling outage (other)

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Seabrook capacity factor (other)

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Select Energy revenues (other)

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Service territory area (other)

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Share of New England electric needs served (other)

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Share of New England load (other)

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Shares outstanding (other)

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Software systems inventoried (other)

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Storm restoration costs deferred (other)

Stranded cost deferral (other)

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Submarine cables restored (other)

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Substations (other)

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Substations owned (other)

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System peak demand (other)

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TS/DS rate (other)

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Total NU system debt (other)

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Total System debt (other)

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Total rate base (other)

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Total regulated rate base (other)

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Total shareholder return (other)

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Total shareholders return (other)

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Trading Derivative Assets (other)

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Trading Derivative Liabilities (other)

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Trading portfolio fair value (other)

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Transformer capacity (other)

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Transmission Rate Base (other)

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Transmission and distribution substations (other)

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Transmission capital expenditure forecast (other)

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Transmission capital expenditures (other)

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Transmission capital program (other)

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Transmission overrecovery (other)

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Transmission projects in service (other)

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Transmission rate base (other)

Transmission return on equity (other)

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Transmission substations (other)

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Transmission substations owned (other)

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Uncollectibles expense improvement (other)

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Underground distribution line miles (other)

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Union agreements (other)

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Units out of service (other)

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Utility Group earnings guidance (other)

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Utility rate base (other)

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Vermont Yankee capacity factor (other)

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WMECO Common shares outstanding (other)

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WMECO Retail kilowatt hour sales growth (other)

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WMECO competitive supplier migration (other)

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WMECO retail sales growth (other)

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Water distribution mains (other)

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Water sales volume (other)

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Water sales volumes (other)

Water supply yield (other)

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Weather-Adjusted Regulated Retail Sales Change (other)

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Weather-adjusted retail sales growth (other)

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Weather-normalized electric sales (other)

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Weather-normalized electric sales change (other)

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Weather-normalized gas sales (other)

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Weather-normalized sales growth (other)

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Weighted average diluted shares (other)

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Wholesale contract portfolio value (other)

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Wholesale gross margin contracted (other)

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Wholesale load contracted (other)

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Wholesale margin targets contracted (other)

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Wholesale obligations remaining (other)

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Wholesale obligations terminated (other)

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Wholesale revenues (other)

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Wood power project completion (other)

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Yankee Gas service territory (other)

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Year 2000 Hardware Readiness (other)

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Year 2000 Program Cost (other)

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Year 2000 Remaining Cost (other)

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Year 2000 Software Readiness (other)

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Year 2000 program cost (other)

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Year 2000 project incurred cost (other)

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Oil Consumption (production_volume)

Generating Units (properties)

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Solar Power Capability (renewable_capacity)

Retail sales growth (same_store_sales)

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Service territory area (square_footage)

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Natural gas throughput (throughput)

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Electric Transmission Overhead Lines (transmission_miles)

Safety incidents (trir)

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Electric sales volumes (units_shipped)

Common shares outstanding (users)

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Nuclear capacity factor (utilization_rate)

Water Sales Volume (water_consumption)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2022-12-31acquisition_additioncompleted2022-10-032022-10-03ConnecticutWater DistributionUSD 72 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Aquarion acquired The Torrington Water Company on October 3, 2022, adding approximately 10,100 customers. Employee headcount added not disclosed.
2021-12-31acquisition_additioncompleted2021-04-082021-12-01Connecticut, Massachusetts, New HampshireWater DistributionUSD 38 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Stock-for-stock merger; Eversource issued 462,517 treasury shares. NESC served approximately 10,000 water customers. Headcount added not disclosed.
2020-12-31acquisition_additioncompleted2020-02-262020-10-09Massachusetts, United StatesNatural Gas DistributionItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Over 800 new Eversource Gas Company of Massachusetts employees (formerly Columbia Gas of Massachusetts) onboarded in 2020; all who wanted to continue employment were offered jobs. Exact headcount not disclosed.
2020-12-31acquisition_additioncompleted8002020-10-092020-12-31MassachusettsNatural Gas DistributionItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Over 800 new Eversource Gas Company of Massachusetts employees (formerly Columbia Gas of Massachusetts) were welcomed and successfully onboarded in 2020. All Columbia Gas employees who wanted to continue employment were offered jobs.
2020-03-31acquisition_additionannounced2020-02-262020-09-30Massachusetts, United StatesNatural Gas Distributionother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Asset purchase agreement to acquire Columbia Gas of Massachusetts for $1.1 billion; no employee headcount associated with the transaction is disclosed in this filing.
2019-12-31acquisition_additionannounced2020-02-26Massachusetts, United StatesNatural Gas DistributionUSD 1,100 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Asset purchase agreement to acquire Columbia Gas of Massachusetts local gas distribution business for $1.1 billion; approximately 330,000 customers and over 5,000 miles of pipeline. Headcount to be transferred not disclosed. Requires DPU and other approvals.
2018-12-31divestiture_reductioncompleted2017-10-112018-01-10New HampshireElectric Distribution (PSNH thermal generation)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Net proceeds $116.8 million; headcount impact not disclosed.
2018-12-31divestiture_reductioncompleted2017-10-112018-08-26New HampshireElectric Distribution (PSNH hydroelectric generation)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Net proceeds $77.2 million; headcount impact not disclosed.
2017-12-31acquisition_additioncompleted2017-12-042017-12-04Connecticut, Massachusetts, New HampshireWater utility business (Aquarion)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired Aquarion (formerly Macquarie Utilities Inc.) for $1.675 billion; serves approximately 226,000 water customers; employee headcount added not disclosed
2017-12-31othercompleted2017-12-312017-12-31MassachusettsElectric distribution (NSTAR Electric / WMECO)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Western Massachusetts Electric Company merged into NSTAR Electric; headcount impact not separately disclosed
2017-12-31divestiture_reductioncompleted2018-01-102018-01-10New HampshireElectric generation (PSNH thermal generation)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
PSNH completed sale of thermal generation facilities (approximately 1,100 MW) to Granite Shore Power for net proceeds of $134.1 million; employee headcount transferred not disclosed. Hydroelectric sale targeted for Q1 2018.
2017-12-31acquisition_additioncompleted2017-12-042017-12-04Connecticut, Massachusetts, New HampshireWater Utilities (Aquarion)Item 1. Business
f5-10k / Qwen3.6-27B-Q8_0
Eversource acquired Aquarion Water Company subsidiaries on December 4, 2017. Specific headcount added is not disclosed in the filing.
2015-12-31restructuringcompletedUnited StatesCorporate / enterprise-wideUSD 5 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance benefit expense of $4.7 million recorded for 2015 in connection with organizational and cost saving initiatives; severance accrual was $9.3 million at year-end. Employees affected not disclosed.
2015-12-31restructuringcompleted2015-01-012015-12-31United StatesCorporate / UnregulatedUSD 5 (millions)Item 1. Business - Employees
f5-10k / Qwen3.6-27B-Q8_0
Severance benefit expense of $4.7 million recorded in connection with organizational and cost saving initiatives.
2015-09-30restructuringin_progressUnited StatesCorporate / Enterprise-wideUSD 1 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense of $1M in Q3 2015 and $2.6M YTD 2015 tied to reorganizational and cost saving initiatives; severance accrual was $7.1M at 2015-09-30. No employee count disclosed.
2015-09-30divestiture_reductioncompleted2015-04-132015-04-13United States (Maine)Unregulated — Electrical Contracting (E.S. Boulos Company)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of substantially all assets of E.S. Boulos Company completed 2015-04-13; headcount removed not disclosed. Eversource parent provided indemnification guaranty of up to $38.2M.
2015-09-30restructuringin_progressCorporate / UnregulatedUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Eversource recorded $1 million in severance benefit expense for the three months ended Sept 30, 2015, related to reorganizational and cost saving initiatives. Total accrual was $7.1 million as of Sept 30, 2015.
2015-09-30restructuringin_progressCorporate / UnregulatedUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Eversource recorded $2.6 million in severance benefit expense for the nine months ended Sept 30, 2015, related to reorganizational and cost saving initiatives.
2015-06-30restructuringin_progressUnited StatesCorporate / Enterprise-wideUSD 1 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense of $1.2M in Q2 2015 ($1.6M YTD) tied to reorganizational and cost-saving initiatives; severance accrual was $7.8M at 2015-06-30. No employee count disclosed.
2015-06-30divestiture_reductioncompletedUnited States (Maine)Unregulated electrical contracting business (E.S. Boulos Company)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of substantially all assets of E.S. Boulos Company completed 2015-04-13; associated O&M expense of $21.9M (Q2) and $25.4M (YTD) absent in 2015. No headcount figure disclosed.
2015-06-30restructuringin_progressCorporate / UnregulatedUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Eversource recorded severance benefit expense of $1.2 million for the three months ended June 30, 2015, in connection with reorganizational and cost saving initiatives. Accrual totaled $7.8 million as of June 30, 2015.
2015-06-30restructuringin_progressRegulated CompaniesUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Second quarter 2015 regulated companies' integration costs include costs incurred for severance in connection with reorganizational and cost saving initiatives.
2015-03-31restructuringin_progressUnited StatesEnterprise (post-merger integration; IT functions)USD 0 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense of $0.4 million recorded in Q1 2015 for ongoing post-merger integration; severance accrual was $9 million at 2015-03-31 (vs. $10.4 million at 2014-12-31). No employee count disclosed. Prior-year 2014 expense of $4.3 million also related to partial outsourcing of IT functions.
2015-03-31restructuringin_progressCorporate / ITUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance benefit expense of $0.4 million recorded for ongoing post-merger integration. Accrual totaled $9 million as of March 31, 2015. Employee count not disclosed.
2014-12-31restructuringin_progressUnited StatesCorporate / enterprise-wideUSD 15 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2014 severance expense of $15 million related to IT outsourcing, facility closures and ongoing post-merger integration; severance accrual was $10.4 million at year-end. Employee count fell from ~8,700 to ~8,250 during 2014. Number of employees affected not disclosed.
2014-12-31restructuringcompleted2014-01-012014-12-31United StatesCorporate / IntegrationUSD 15 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Integration and severance costs related to ongoing post-merger integration, partial outsourcing of IT functions, and facility closures. Workforce reduced from 8,700 in 2013 to 8,250 in 2014.
2014-09-30restructuringin_progressUnited StatesInformation Technology / CorporateUSD 1 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expense of $0.7M in Q3 2014 ($6.5M YTD) tied to partial outsourcing of IT functions and post-merger integration; severance accrual was $6.4M at quarter-end. No employee count disclosed.
2014-09-30restructuringin_progressInformation TechnologyUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Expenses associated with partial outsourcing of IT functions and post-merger integration for the three months ended Sept 30, 2014.
2014-09-30restructuringin_progressInformation TechnologyUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Expenses associated with partial outsourcing of IT functions and post-merger integration for the nine months ended Sept 30, 2014.
2014-06-30restructuringin_progressUnited StatesInformation Technology / CorporateUSD 6 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance expenses of $5.7M for six months ended 2014-06-30 tied to partial IT outsourcing and post-merger integration; severance accrual was $9.3M at 2014-06-30. No employee count disclosed.
2014-06-30restructuringin_progressInformation TechnologyUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Expenses associated with partial outsourcing of IT functions and post-merger integration. Accrual of $9.3 million remained as of June 30, 2014.
2014-06-30restructuringin_progressCorporate / IntegrationUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
YTD expenses for partial outsourcing of IT functions and post-merger integration.
2014-03-31restructuringin_progressUnited StatesInformation Technology / CorporateUSD 4 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2014 severance expense tied to partial IT outsourcing and post-merger integration; accrual was $17.7M at 2014-03-31. No employee count disclosed.
2014-03-31restructuringin_progress2014-03-31United StatesInformation TechnologyUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
NU recorded severance benefit expenses associated with partial outsourcing of IT functions and ongoing post-merger integration. Accrual totaled $17.7 million as of March 31, 2014.
2013-12-31restructuringcompleted2013-01-012013-12-31United StatesInformation TechnologyUSD 10 (millions)Item 1. Business - Employees / Note 1R
f5-10k / Qwen3.6-27B-Q8_0
Partial outsourcing of IT functions as part of post-merger integration. Expense recorded in 2013.
2013-09-30restructuringin_progress2013-07-01United StatesInformation Technology / CorporateUSD 9 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Partial outsourcing of IT functions as part of post-merger integration; $14.2M severance accrual at quarter-end in Other Current Liabilities. Number of employees affected not disclosed.
2013-09-30restructuringin_progress2013-09-30Northeast Utilities ParentInformation TechnologyUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Partial outsourcing of IT functions as part of post-merger integration. Accrual totaled $14.2 million as of Sept 30, 2013.
2012-12-31acquisition_additioncompleted2012-04-102012-04-10Massachusetts, Connecticut, New HampshireElectric and natural gas distribution, transmissionItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
NSTAR merger completed April 10, 2012; specific headcount added not disclosed. NSTAR Electric & Gas Corporation employees numbered 1,619 as of year-end.
2012-06-30acquisition_additioncompleted2012-04-102012-04-10United States (Massachusetts, Connecticut, New Hampshire)Electric and natural gas distribution, transmissionbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
NSTAR merger closed 2012-04-10; no employee headcount added disclosed. Change-in-control and other compensation costs of $11.4M (after-tax) recorded in H1 2012.
2012-03-31acquisition_additioncompleted2010-10-162012-04-10United States (Massachusetts, Connecticut, New Hampshire)All segmentssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger completed April 10, 2012 (after quarter end). NSTAR headcount added not disclosed. Post-merger NU serves ~3.5 million customers through six regulated utilities.
2007-12-31restructuringcompleted2005-01-012007-12-31United StatesNU EnterprisesUSD 0 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Exit from competitive energy businesses. $0.2 million pre-tax restructuring charges recorded in 2007 for consulting, legal, and employee-related costs. Employee count not explicitly disclosed for 2007 activity.
2007-09-30restructuringcompletedEnergy Services and OtherUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
NU Enterprises recorded $0.2 million of pre-tax restructuring charges for the nine months ended Sept 30, 2007, relating to the decision to exit competitive businesses. Charges included consulting, legal, and employee-related costs. No specific employee count was disclosed.
2007-06-30restructuringcompletedEnergy Services and OtherUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
NU Enterprises recorded $0.2 million of pre-tax restructuring charges for the six months ended June 30, 2007, relating to the decision to exit competitive businesses. Charges included consulting fees, legal fees, employee-related and other costs. No specific employee count was disclosed.
2007-03-31restructuringin_progressNU EnterprisesUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring charges of $0.2 million recorded for continuing operations related to exit from competitive businesses. Includes consulting, legal, and employee-related costs. No specific employee count disclosed.
2006-12-31restructuringcompleted2005-12-012006-12-31United StatesUtility Group and NUSCOrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Corporate reorganization severance; 2005 recorded $14.1M, 2006 recorded a net reduction of $2.4M based on actual terminations. Employee counts not disclosed.
2006-12-31divestiture_reductioncompleted2005-03-092006-12-31United StatesNU Enterprises — competitive generation, retail marketing, energy servicesrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Exit from competitive businesses; $7M severance recorded in 2006 for retail marketing and generation sales. Headcount transferred to buyers or not separately quantified.
2006-09-30divestiture_reductioncompleted2006-06-012006-06-01United StatesNU Enterprises — Retail MarketingUSD 54 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Select Energy retail marketing business to Hess. Retail marketing business written down to fair value less cost to sell via $53.9M pre-tax charge. No employee count disclosed.
2006-09-30divestiture_reductioncompleted2006-05-052006-05-05United StatesNU Enterprises — Energy Services (SESI)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Select Energy Services, Inc. to Ameresco. NU paid approximately $7.7M and recorded $6.5M pre-tax restructuring charge. No employee count disclosed.
2006-09-30divestiture_reductioncompleted2006-04-012006-04-30United StatesNU Enterprises — Energy Services (Woods Electrical non-industrial division)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Woods Electrical non-industrial division in April 2006. No employee count or specific charge disclosed.
2006-09-30divestiture_reductionannounced2006-07-242006-11-01United StatesNU Enterprises — Competitive Generation (NGC and Mt. Tom)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of NGC and Mt. Tom to Energy Capital Partners for $1.34B (incl. $320M debt assumption), closed November 1, 2006. After-tax gain of approximately $300M expected in Q4 2006. No employee count disclosed.
2006-09-30restructuringin_progress2005-03-09United StatesNU Enterprises — Wholesale Marketing, Retail Marketing, Competitive Generation, Energy ServicesUSD 26 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing exit from all NU Enterprises competitive businesses. $26.0M pre-tax restructuring and impairment charges in nine months ended 2006-09-30 ($10.4M in Q3). Includes severance, consulting, legal, and sale-related costs. No employee counts disclosed.
2006-09-30otherin_progress2005-12-012006-12-31United StatesUtility Group and NUSCO — Corporate Reorganizationrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance and termination benefits of $14.4M recorded in 2005 for expected Utility Group and NUSCO terminations. In 2006, $2.4M reduction recorded due to lower-than-expected terminations. No employee counts disclosed.
2006-09-30otherin_progress2005-12-012007-01-01United StatesNU — Pension Plan / 401(k) Transitionrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New 401(k) benefit for employees hired on/after 2006-01-01; existing non-union employees given election in 2006. Curtailment expense of $6.2M recorded in 2005, adjusted by $3.6M reduction in Q3 2006. No employee counts disclosed.
2006-09-30restructuringin_progress2005-03-09NU Enterprises (Wholesale Marketing, Retail Marketing, Competitive Generation, Energy Services)USD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring and impairment charges of $10.4 million recorded for the three months ended Sept 30, 2006 related to exiting merchant energy and energy services businesses. Includes consulting, legal, and employee-related costs. Employee count affected not disclosed.
2006-09-30restructuringin_progress2005-03-09NU Enterprises (Wholesale Marketing, Retail Marketing, Competitive Generation, Energy Services)USD 26 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring and impairment charges of $26.0 million recorded for the nine months ended Sept 30, 2006 related to exiting merchant energy and energy services businesses. Includes consulting, legal, and employee-related costs. Employee count affected not disclosed.
2006-09-30restructuringin_progressRetail MarketingUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
NU recorded $4.1 million for severance and other employee benefits in the first nine months of 2006 as benefits became probable and estimable due to the sale of the retail marketing business to Hess. $0.6 million included in restructuring charges; $3.5 million in other operating expenses.
2006-09-30restructuringin_progressUtility Group and NUSCOUSD -2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Total reduction in severance and related expenses of $2.4 million recorded in the first nine months of 2006 due to a reduction in the expected number of terminated Utility Group and NUSCO employees.
2006-09-30restructuringin_progressPension PlanUSD -4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-capitalization, pre-tax reduction in curtailment expense of $3.6 million recorded in Q3 2006 because the predicted level of elections of the new 401(k) benefit did not occur.
2006-09-30restructuringin_progressPension PlanUSD -1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Combined pre-capitalization, pre-tax reduction in curtailment expense and termination benefits of $1.3 million recorded in the first nine months of 2006 based on revised estimates of expected head count reductions.
2006-06-30divestiture_reductioncompleted2006-06-012006-06-01United StatesNU Enterprises — Retail MarketingUSD 54 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Select Energy's retail marketing business to Hess Corporation; $53.9M pre-tax charge to reduce book value to fair value less cost to sell. No employee count disclosed.
2006-06-30divestiture_reductioncompleted2006-05-052006-05-05United StatesNU Enterprises — Energy Services (SESI)USD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Select Energy Services, Inc. to Ameresco, Inc.; $5.6M pre-tax restructuring charge. No employee count disclosed.
2006-06-30divestiture_reductioncompleted2006-04-012006-04-30United StatesNU Enterprises — Energy Services (Woods Electrical)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of certain assets of Woods Electrical Co., Inc. in April 2006. No employee count or charge disclosed.
2006-06-30restructuringin_progress2005-03-092006-12-31United StatesNU Enterprises — All competitive businesses (wholesale marketing, retail marketing, competitive generation, energy services)USD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing exit from all NU Enterprises competitive businesses; $15.6M pre-tax restructuring and impairment charges in first half 2006. Severance and professional fee accruals disclosed but no employee counts.
2006-06-30divestiture_reductionannounced2006-07-242006-12-31United StatesNU Enterprises — Competitive Generation (NGC and Mt. Tom)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell NGC and Mt. Tom plant to Energy Capital Partners for $1.34B including $320M debt assumption; expected after-tax gain of ~$300M. No employee count disclosed.
2006-06-30restructuringin_progress2005-03-01NU EnterprisesUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring and impairment charges of $3.3 million recorded in Q2 2006 for continuing operations related to exiting merchant energy and energy services businesses.
2006-06-30restructuringcompleted2006-05-052006-05-05Energy Services (SESI)USD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $5.6 million recorded in Q2 2006 in connection with the sale of SESI to Ameresco, Inc.
2006-06-30restructuringcompleted2006-06-012006-06-01Retail Marketing (SENY)USD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring charge of $0.3 million recorded in Q2 2006 in connection with the sale of SENY to Hess Corporation.
2006-06-30restructuringin_progress2006-02-01Utility Group and NUSCOUSD -1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Reduction in severance expense of $1.3 million recorded in Q2 2006 due to reduction in expected number of terminated employees.
2006-06-30restructuringin_progress2006-06-01Retail MarketingUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
NU recorded $4.3 million for severance and other employee benefits in Q2 2006 as benefits became probable and estimable due to the sale of the retail marketing business.
2006-03-31divestiture_reductioncompleted2006-05-052006-05-05United StatesNU Enterprises — Energy Services (SESI)USD 6 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of SESI completed May 5, 2006; buyer paid approximately $7.7M by seller; pre-tax charge of approximately $6M expected in Q2 2006. No employee count disclosed.
2006-03-31divestiture_reductionannounced2006-05-012006-06-01United StatesNU Enterprises — Retail Marketing (Select Energy)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement signed May 1, 2006 to sell retail marketing business to Amerada Hess; closing expected around June 1, 2006. Seller to pay buyer approximately $44M. No employee count disclosed.
2006-03-31divestiture_reductioncompleted2006-04-012006-04-30United StatesNU Enterprises — Energy Services (Woods Electrical)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Certain assets of Woods Electrical sold in April 2006 for approximately $1M. No employee count disclosed.
2006-03-31restructuringin_progress2005-03-092006-12-31United StatesNU Enterprises — all competitive businesses (wholesale marketing, retail marketing, competitive generation, energy services)USD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax restructuring and impairment charges of $6.1M in Q1 2006 ($5.1M in continuing operations, $1.0M in discontinued operations). Restructuring liability of $9.0M at March 31, 2006 ($1.8M employee-related, $7.2M consulting fees). No employee headcount affected disclosed. Program covers exit of all NU Enterprises competitive businesses.
2006-03-31restructuringin_progress2005-03-092006-12-31United StatesNU Enterprises (Competitive Businesses)USD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Exit from competitive businesses. Pre-tax restructuring and impairment charges of $6.1 million recorded in Q1 2006. Employment levels expected to drop from ~7,000 to ~5,500 upon completion.
2006-03-31divestiture_reductioncompleted2005-11-012005-11-30United StatesEnergy Servicessubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Sale of SECI-NH (including Reeds Ferry) and Woods Network Services, Inc.
2006-03-31divestiture_reductioncompleted2006-01-012006-01-31MassachusettsEnergy Servicessubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Sale of Massachusetts service location of SECI-CT.
2006-03-31divestiture_reductioncompleted2006-04-012006-04-30United StatesEnergy Servicessubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Sale of certain assets of Woods Electrical Co., Inc.
2006-03-31divestiture_reductioncompleted2006-05-052006-05-05United StatesEnergy ServicesUSD 6 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Sale of SESI completed. Pre-tax charge of approximately $6 million to be recorded in Q2 2006.
2006-03-31divestiture_reductionannounced2006-05-012006-06-01United StatesRetail MarketingUSD 44 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell retail marketing business to Amerada Hess. Select Energy to pay buyer approx. $44 million.
2005-12-31restructuringcompleted392005-03-092005-12-31United StatesCompetitive wholesale and energy services businessesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
39 full-time positions eliminated as a result of the March 2005 decision to exit competitive wholesale and service businesses.
2005-12-31restructuringin_progress2005-11-072006-12-31United StatesCompetitive retail marketing and generation businessesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
November 2005 announcement to divest remaining competitive businesses expected to necessitate further employee reductions; headcount not disclosed.
2005-12-31restructuringcompleted2005-03-092005-12-31United StatesNU Enterprises — competitive businessesUSD 17 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance benefits charge recorded in other operating expenses for FY2005; separate from restructuring and impairment charges.
2005-12-31restructuringcompleted2005-03-092005-12-31United StatesNU Enterprises — competitive businessesUSD 69 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pre-tax restructuring and impairment charges for FY2005; $44.1M in continuing operations, $25.1M in discontinued operations. Includes $9.7M employee termination and consulting costs.
2005-12-31divestiture_reductioncompleted2005-03-092005-11-22United StatesEnergy services businesses (SECI-NH, Woods Network)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Two energy services businesses sold in November 2005 for total proceeds of approximately $6.5 million; headcount removed not disclosed.
2005-12-31divestiture_reductioncompleted2005-03-092006-01-31United StatesEnergy services businesses (SECI-CT Massachusetts location)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Massachusetts service location of SECI-CT sold in January 2006 for approximately $2 million; subsequent event after fiscal year-end.
2005-12-31restructuringcompleted392005-03-09United StatesNU Enterprises (Competitive Businesses)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Elimination of 39 full-time positions resulting from decision to exit competitive wholesale and service businesses.
2005-12-31restructuringin_progress2005-11-07United StatesNU Enterprises (Competitive Businesses)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Announcement to divest remaining competitive businesses expected to necessitate further employee reductions.
2005-09-30divestiture_reductionin_progress2005-03-092006-03-31United StatesNU Enterprises — Energy ServicesUSD 53 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax restructuring and impairment charges for nine months ended 2005-09-30 tied to exiting wholesale marketing and divesting energy services businesses; no employee count disclosed. Four energy services businesses (SESI, SECI-NH, Woods Network, Woods Electrical) classified as held for sale/discontinued operations.
2005-09-30restructuringannounced2005-11-072006-12-31United StatesNU Enterprises — Retail Marketing and Competitive Generationsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced exit from remainder of merchant energy segment including retail marketing and 1,440 MW competitive generation; potential charges for asset impairments, closure costs, and mark-to-market losses; no employee count disclosed.
2005-09-30restructuringin_progress2005-03-09NU Enterprises (Merchant Energy and Energy Services)USD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring charges of $5.3 million recorded in Q3 2005 related to exiting wholesale marketing and energy services businesses. Includes professional fees and employee-related costs. Employee count not disclosed.
2005-09-30restructuringin_progress2005-03-09NU Enterprises (Merchant Energy and Energy Services)USD 28 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring charges of $28.4 million recorded YTD 2005 related to exiting wholesale marketing and energy services businesses. Includes professional fees and employee-related costs. Employee count not disclosed.
2005-09-30restructuringannounced2005-11-072006-12-31NU Enterprises (Retail Marketing and Competitive Generation)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced exit from retail marketing and competitive generation businesses. Potential closure costs include severance and benefit plan curtailments. Employee count and specific charges not yet determined.
2005-06-30restructuringin_progress2005-03-092005-12-31NU EnterprisesUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax restructuring costs of $1.0 million for merchant energy and $0.5 million for energy services recorded in Q2 2005 related to professional fees, employee-related and other costs.
2005-06-30restructuringin_progress2005-03-092005-12-31NU EnterprisesUSD 48 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Total pre-tax restructuring and impairment charges of $47.8 million for the six months ended June 30, 2005, related to the decision to exit the wholesale marketing business and divest energy services businesses.
2005-03-31restructuringin_progress2005-03-31NU EnterprisesUSD 234 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
NU Enterprises recorded $234.4 million pre-tax charges related to exiting wholesale marketing business and divesting energy services businesses. Includes mark-to-market losses and goodwill impairments. Employee count not disclosed.
2004-12-31restructuringannounced2005-03-09United StatesNU Enterprises — wholesale marketing and energy services businessessubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
NU announced exit from wholesale marketing business and plans to divest energy services businesses; charge expected in Q1 2005; headcount impact acknowledged but not quantified
2004-12-31othercompleted2004-01-012004-12-31United StatesNU system — union labor relationsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Five union contracts negotiated in 2004 (including three major physical worker contracts in Connecticut and Western Massachusetts) expected to provide labor stability through 2009 and 2010
2004-12-31restructuringannounced2005-03-09Northeast United StatesNU Enterprises (Wholesale Marketing and Energy Services)subsequent_events
f5-10k / Qwen3.6-27B-Q8_0
NU announced exit from wholesale marketing business and intent to divest energy services businesses. Expected to record a charge in Q1 2005. Impact on employment levels not known at this time.
2004-09-30otherannounced1,2002004-10-22Connecticut, United StatesThe Connecticut Light and Power Company (CL&P) — represented physical workers (electricians, line workers, meter readers, installers, cable splicers, warehouse personnel)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter event: contracts offered by CL&P to IBEW Locals 420 and 457 were rejected by the unions; covers approximately 1,200 employees. Management cannot predict outcome or impact of a possible strike.
2004-09-30otherannounced1,2002004-10-22ConnecticutUtility Group - CL&PMD&A
f5-10q / Qwen3.6-27B-Q8_0
Contracts offered by CL&P to employees represented by Locals 420 and 457 of the International Brotherhood of Electrical Workers were rejected by the unions. These contracts cover approximately 1,200 CL&P employees. Management cannot predict the outcome or impact of a possible strike.
2003-12-31restructuringcompleted512003-12-312003-12-31United StatesNGS, CL&P, NUSCOUSD 2 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Workforce reductions in 2003: NGS reduced by 12, CL&P by 17, NUSCO by 22; total cost approximately $1.7 million. Consolidated record for all three sub-components as filer presents them together.
2003-12-31restructuringcompleted512003-01-012003-12-31Connecticut, MassachusettsCL&P, NUSCO, NGSUSD 2 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Workforce reduction due to changing market conditions and state funding reductions. CL&P reduced by 17, NUSCO by 22, NGS by 12. Total cost approximately $1.7 million.
2003-06-30reduction_in_forcecompleted60Connecticut, United StatesCL&P — energy conservation program deliveryMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Filer states only 'mid-2003'; no exact date, charge, or severance terms disclosed. Reduction followed proposed state redirection of energy conservation adder funds.
2003-06-30othercompleted602003-06-302003-06-30ConnecticutEnergy Conservation ProgramsMD&A
f5-10q / Qwen3.6-27B-Q8_0
CL&P reduced workforce by approximately 60 employees involved in delivering energy conservation programs to customers in anticipation of funding reduction.
2002-12-31restructuringcompleted1422002-09-042002-09-26United StatesNUSCO and PSNH — administrative and support functionsUSD 5 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
142 full-time equivalent employees involuntarily terminated on September 26, 2002 following reorganization announced September 4, 2002 to reflect divestiture of most generating facilities
2002-12-31voluntary_separationcompleted602001-11-012002-12-31United StatesCL&P — managerial and other employeesUSD 8 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
60 CL&P employees participated in a voluntary reduction program during 2002 as part of reorganization separating regulated from competitive services
2002-12-31layoffcompleted72002-06-30United StatesSelect Energy Services, Inc. (SESI)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
SESI reduced workforce by seven employees during Q2 2002; part of combined $1.2 million cost across SESI, NGS, and Select Energy reductions
2002-12-31layoffcompleted272002-09-30United StatesNortheast Generation Services Company (NGS)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
NGS reduced workforce by 27 employees during Q3 2002; part of combined $1.2 million cost across SESI, NGS, and Select Energy reductions
2002-12-31layoffcompleted72002-12-31United StatesSelect Energy, Inc.Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Select Energy reduced workforce by seven employees during Q4 2002; part of combined $1.2 million cost across SESI, NGS, and Select Energy reductions
2002-12-31divestiture_reductioncompleted2002-11-012002-11-01United StatesNAESCO — Seabrook nuclear operationsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
NAESCO employees transferred to FPL upon Seabrook sale on November 1, 2002; headcount not disclosed
2002-12-31restructuringcompleted272002-07-012002-09-30United StatesNGSUSD 1 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Third quarter 2002 workforce reduction. Charge shared across multiple actions.
2002-12-31restructuringcompleted72002-10-012002-12-31United StatesSelect EnergyUSD 1 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Fourth quarter 2002 workforce reduction. Charge shared across multiple actions.
2002-12-31restructuringcompleted1422002-09-042002-09-26United StatesNUSCO, PSNHUSD 5 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Involuntary terminations following reorganization of administrative and support functions.
2002-12-31voluntary_separationcompleted602001-11-012002-12-31United StatesCL&PUSD 8 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Voluntary reduction program in connection with reorganization to reflect separation of regulated from competitive services.
2002-09-30restructuringcompleted2002002-092002-09United States (NU system)NU system employees (all functions)USD 5 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 200 employees reduced in September 2002; approximately $5 million total cost of the workforce reduction (not explicitly labeled severance), which management believes is mostly recoverable from ratepayers as a stranded cost. Expected to yield roughly $20 million pre-tax cost reduction in 2003.
2002-09-30restructuringannounced1002002-092003-01United States (NU system)Contractor workforceMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company expects to reduce its contractor workforce by approximately 100 contractors by the beginning of 2003; contractors are not part of reported employee headcount.
2002-09-30acquisition_additioncompleted2002-07-012002-07-01United StatesCompetitive energy subsidiaries (electrical services and telecommunications/construction services)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Woods Electrical Co., Inc. and Woods Network Services, Inc. for $15.3 million aggregate purchase price, effective July 1, 2002; no employee headcount for the acquired businesses is disclosed.
2002-09-30restructuringcompleted2002002-09-302002-09-30NU SystemSystem-wideUSD 5 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Workforce reduction of approximately 200 employees in September 2002. Cost of reduction was approximately $5 million, expected to be recoverable as stranded cost.
2002-09-30restructuringin_progress1002002-09-302003-01-01NU SystemSystem-wideMD&A
f5-10q / Qwen3.6-27B-Q8_0
Reduction of contractor workforce by approximately 100 contractors expected by beginning of 2003.
2001-12-31voluntary_separationin_progress3462000-12-152002-03-01United StatesCL&P, PSNH, WMECO, HWP, NUSCO, Yankee GasUSD 93 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
VSP offered to 498 employees; 346 accepted; 298 retired by 2001-12-31, 48 expected to retire by 2002-03-01; costs of $93.3M in 2001
2001-12-31restructuringin_progress2001-11-012002-03-31United StatesCL&P — regulated vs. competitive services separationItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CL&P reorganization to separate regulated from competitive services; officer selection began Dec 2001, further selections planned Q1 2002; no employee count or charge disclosed
2001-12-31acquisition_additioncompleted2001-11-302001-11-30United StatesSelect Energy — competitive energy marketingUSD 32 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Niagara Mohawk Energy Marketing (SENY) for $31.7M; headcount added not disclosed
2001-12-31acquisition_additioncompleted2000-12-312000-12-31United StatesNGS — electrical construction and maintenanceUSD 10 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of E.S. Boulos Company assets for ~$10M; completed as of 2000-12-31, headcount added not disclosed
2001-12-31voluntary_separationin_progress3462000-12-152002-03-01Connecticut, New Hampshire, MassachusettsCL&P, PSNH, WMECO, HWP, NUSCO, Yankee GasUSD 93 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Voluntary separation program offered Dec 15, 2000. 346 accepted; 298 retired by Dec 31, 2001; 48 expected to retire by Mar 1, 2002. Costs relating to VSP for 2001 were approximately $93.3 million.
2001-06-30voluntary_separationin_progressNew HampshirePSNH — generation operationsUSD 2 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PSNH early retirement program cited as a driver of higher six-month O&M expense; no participant count or program dates disclosed.
2001-06-30voluntary_separationcompletedNew HampshirePublic Service Company of New Hampshire (PSNH)USD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Costs associated with the early retirement program.
2001-03-31voluntary_separationin_progress3402002-02-28United StatesNU system (all companies)USD 4 (millions)MD&A
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After-tax charge of $4 million ($0.03 per share); remaining program costs deferred for future recovery via transition charge. Approximately 340 employees accepted early retirement; retirements occur March 1, 2001 through February 28, 2002.
2001-03-31voluntary_separationin_progress3402002-02-28USD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
NU Voluntary Separation Program; approximately 340 employees accepted early retirement offer. After-tax charge of $4 million. Retirements occurring between March 1, 2001 and February 28, 2002.
2000-12-31voluntary_separationin_progress3612000-12-152002-03-31United StatesCL&P, PSNH, WMECO, HWP, NUSCO, Yankee GasItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Offered to 498 employees; 361 accepted. Expected to retire between March 1, 2001 and March 2002. Costs to be reflected in Q1 2001 results. Program designed to reduce generation-related support staff.
2000-12-31acquisition_additioncompleted4102000-03-012000-03-01ConnecticutYankee Gas Services CompanyItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Yankee Energy System Inc. completed March 1, 2000. Yankee Gas headcount of 410 as of December 31, 2000.
2000-12-31voluntary_separationannounced3612000-12-152002-03-31Connecticut, New Hampshire, MassachusettsCL&P, PSNH, WMECO, HWP, NUSCO, Yankee GasItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Voluntary separation program offered to 498 employees; 361 accepted. Expected to retire between March 1, 2001, and March 2002. Costs reflected in first quarter 2001 results.
1999-12-31acquisition_additioncompleted1999-06-142000-03-01ConnecticutNatural gas distribution and unregulated subsidiariessubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger closed March 1, 2000 (subsequent to fiscal year-end). Headcount added not disclosed. Yankee is parent of Yankee Gas Services Company, Connecticut's largest natural gas distribution system.
1999-12-31othercompleted1192000-03-05ConnecticutNortheast Utilities Service Company (NUSCO) to Select EnergyItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 119 NUSCO employees transferred to Select Energy on March 5, 2000 (subsequent to fiscal year-end).
1999-12-31othercompleted1192000-03-052000-03-05United StatesNortheast Utilities Service Company (NUSCO) to Select EnergyItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Transfer of employees between subsidiaries, not a reduction in force.
1997-12-31voluntary_separationin_progress1,1001996-12-011998-03-01United StatesSystem-wideUSD 6 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced December 1996; separations of 99 participants occurred between April 1, 1997 and March 1, 1998; estimated cost approximately $5.8 million
1997-12-31voluntary_separationin_progress991996-121998-03-01System-wideVariousUSD 6 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Voluntary separation program announced in Dec 1996 affecting approx 1,100 employees; 99 participants separated between April 1, 1997 and March 1, 1998. Estimated cost $5.8 million.
1997-12-31restructuringin_progressUnited StatesNU system subsidiariesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pension notes reference workforce reduction programs in 1997, 1996 and 1995 with associated pension cost impacts, but no employee counts, dates, or severance charges are disclosed.
1996-12-31restructuringcompleted2201995-01-011996-03-31System-wideNuclear organizationUSD 9 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Program implemented in 1995 and early 1996 to reduce nuclear workforce by approx. 220 employees via early retirements and involuntary terminations. Pretax cost approx. $8.7 million.
1996-12-31voluntary_separationannounced1,1001996-12-011998-03-01System-wideGeneralUSD 7 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Voluntary separation program announced in Dec 1996 affecting approx. 1,100 employees. Separations to be effected between April 1, 1997 and March 1, 1998. Estimated cost approx. $7 million.
1996-09-30restructuringin_progressUnited StatesNuclear operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Filing references a 1996 nuclear workforce reduction under NRC review; no headcount, dates, or charges disclosed in this filing.
1996-09-30othercompleted1996-08-161996-08-31United StatesEnergy Resources Groupother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Executive separation of President of Energy Resources Group; severance equal to 2x average 1994-1995 compensation plus supplemental retirement benefit; no dollar amount disclosed.
1996-09-30restructuringin_progress1996-01-01ConnecticutNuclear OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company is currently restructuring its nuclear organization and developing operational readiness plans.
1996-09-30restructuringin_progress1996-01-01ConnecticutNuclear OperationsPart II, Item 5
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Investigation of possible criminal violations arising out of certain of NU's other activities at Millstone and CY, including the 1996 nuclear workforce reduction.
1996-06-30reduction_in_forcecompleted1996-01United States (Connecticut)Nuclear operations (Millstone)other
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Referenced only in passing as the January 1996 nuclear workforce reduction underlying a former employee's wrongful-termination suit; no headcount, charge, or timing detail disclosed.
1996-06-30othercompleted1996-01ConnecticutNuclear OperationsLegal Proceedings
f5-10q / Qwen3.6-27B-Q8_0
Investigation arose from allegations in a lawsuit regarding a 'January 1996 nuclear workforce reduction'.
1995-12-31restructuringin_progress2201995-01-011996-01-31United StatesNuclear organizationUSD 9 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program implemented in 1995 and early 1996 to reduce nuclear organization workforce by approximately 220 employees through early retirements and involuntary terminations. Pretax cost approximately $8.7 million. Completed January 1996 per MD&A.
1995-12-31othercompleted3701995-05-251995-09-01United StatesWMECO and HWP union employeesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 370 union employees of WMECO and HWP returned to work on September 1, 1995, ending a strike that began May 25, 1995.
1995-12-31restructuringcompleted2201995-01-011996-03-31System-wideNuclear organizationUSD 9 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Program to reduce nuclear workforce via early retirements and involuntary terminations. Pretax cost of $8.7 million recognized in 1995. Completed in January 1996.
1995-09-30voluntary_separationin_progress1211995-07-01United StatesNuclear organizationUSD 7 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Early retirement component of a program targeting roughly 250 nuclear staff; 121 eligible employees accepted, pre-tax cost charged in Q3 1995
1995-09-30layoffin_progress1995-07-01United StatesNuclear organizationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Balance of the roughly 250-position reduction to be met via attrition and layoffs; estimated layoff cost stated as a $2-3 million range, count not disclosed
1995-09-30othercompleted3701995-05-251995-09-01United StatesWMECO and Holyoke Water Power Companyother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strike of about 370 union employees began May 25, 1995; three-year labor contracts signed August 28, 1995 and employees returned to work September 1, 1995
1995-09-30voluntary_separationin_progress1211995-07-01Nuclear organizationNuclearUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Early retirement program announced in July 1995. 121 eligible employees accepted early retirement, charged to expense in Q3. Total workforce reduction target is approx 250 employees.
1995-09-30layoffannounced1995-07-01Nuclear organizationNuclearMD&A
f5-10q / Qwen3.6-27B-Q8_0
Balance of workforce reduction (target 250 total) to be achieved through attrition and layoffs. Estimated cost of layoffs in range of $2 to $3 million.
1995-09-30othercompleted3701995-08-28MassachusettsWMECO and Holyoke Water Power Companyother
f5-10q / Qwen3.6-27B-Q8_0
New three-year labor contracts signed for approx 370 union employees. Strike ended September 1, 1995.