Speaking to utility sector analysts on a fact-finding visit to NEES
, National Grid indicated that full-year earnings per share will come in about seven per cent above last year's figure.
The startling discovery was made at last month's Informa Life Sciences' Lifecycle Management of the eCTD conference in Brussels, a twice-yearly forum to debate issues around the electronic common technical document (eCTD) standard, and NeeS
, the halfway house.
The companies have been cooperating closely with the SEC staff, and believe that all the issues raised in the concept release have been addressed by NEES
and National Grid.
President and CEO Rick Sergel said, "Now we can refocus our efforts on completing the merger as soon as possible for the benefit of our customers and the region as a whole.
NEP, a wholly owned subsidiary of NEES
, engages primarily in the transmission of wholesale electricity, primarily to its distribution companies affiliates.
The Massachusetts Department of Telecommunications and Energy has certified to the Securities and Exchange Commission (SEC) that the merger would not interfere with its authority or ability to protect customers of NEES
subsidiaries in that state.
Also, on June 24, the Massachusetts Department of Telecommunications and Energy certified to the Securities and Exchange Commission (SEC) that the merger would not interfere with its authority or ability to protect customers of NEES
subsidiaries Massachusetts Electric Company and Nantucket Electric Company.
He has served as vice president and treasurer of NEES
, director of corporate finance for the NEES
service subsidiary, and treasurer and assistant treasurer of other NEES
and subsidiaries have been on Rating Watch--Uncertain since December 15, 1998, following the announcement that The National Grid Group plc (National Grid) has reached agreement to acquire all of the outstanding shares of NEES
through a $3.
and our employees, this transaction not only keeps jobs in New England, it represents a tremendous opportunity for growth as the base of U.
announced its intentions to merge with Eastern Utilities Associates in February of 1999.
DCR) has placed the credit ratings of New England Electric System (NEES
) and subsidiaries New England Power (NEP), Massachusetts Electric (MEC) and Narragansett Electric (NEC) (collectively referred to as the companies) on Rating Watch--Uncertain following the announcement that The National Grid Group plc (National Grid) has reached agreement to acquire all of the outstanding shares of NEES
through a cash transaction and the assumption of approximately $1.