October 21, 2010 - Northeast Utilities, the owner ofPublic Service Company of New Hampshire, will purchase NStar for $4.17 Billion in a deal that both companies describe as a “merger.” If approved by federal and state regulators as well as shareholders, the new company will be New England’s largest utility with a total of 3.5 million electric and gas customers in New Hampshire, Massachusetts and Connecticut. The merged company will have a total enterprise value of $17.5 Billion, according to a joint statement.
Business Manager Tony Sapienza