Northeast Utilities announces long-term investments for infrastructure growth
May 15, 2002—Northeast Utilities, which operates New England’s largest energy delivery system, recently outlined the company’s growth strategy, including long-term investments in energy reliability and customer choice in the Northeast, where 25 percent of the nation’s energy is consumed. Infrastructure investments and acquisitions completed or proposed by NU include the following:
- In Connecticut, NU has proposed increasing the capacity and resulting reliability of more than 85 miles of core electric transmission corridors to relieve transmission bottlenecks.
- In 2001 Yankee Energy Gas Services Company constructed 34 miles of new natural gas mains and distribution lines to central business districts and residential neighborhoods in 10 Connecticut communities.
- Yankee has begun the regulatory process for construction of a storage and production facility for liquefied natural gas in Waterbury, Conn., that will provide a secure gas supply while reducing dependence on interstate pipelines.
- The replacement of seven undersea transmission cables in Long Island Sound that can leak insulating fluid will help protect the Sound’s ecology and will strengthen the region’s power grid, further improving energy reliability for the region.
- NU’s New Hampshire subsidiaries, primarily Public Service Company of New Hampshire, expect to invest approximately $115 million in 2002 to improve and expand their electricity generating, transmission and distribution facilities.
For more information, contact Northeast Utilities.
