also continues to work to complete the divestiture of its performance contracting, electrical, HVAC, telecommunications, and plumbing contracting businesses by the end of 2005.
Because of the applicable mark-to-market accounting, NUEI earnings are likely to fall when wholesale electricity market prices are rising and rise when those prices are falling.
NUEI has now closed out its presourced electricity and natural gas positions it established in 2004.
also will retain its Northeast Generation Services Company subsidiary, which operates the NGC and HWP plants.
benefited from strengthened margins, better performance of NUEI
's generation facilities, and the absence of natural gas trading losses incurred in the first half of 2002.