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BUSINESS
June 17, 1999 | Reuters
The Federal Energy Regulatory Commission has cleared the first foreign purchases of U.S. utilities, approving two separate deals by British firms worth a total of $12.4 billion. Scottish Power is to buy PacifiCorp of Portland, Ore., for $9.2 billion. National Grid, the world's largest privately owned transmission company, is to buy New England Electric System of Westborough, Mass., for $3.2 billion.
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BUSINESS
August 4, 1992 | MICHAEL PARRISH, TIMES STAFF WRITER
A New England utility and a Malaysian logging firm have embarked on a venture to reduce carbon dioxide in the Earth's atmosphere, not by planting more rain forest trees, but by cutting them down more efficiently. The three-year pilot project, announced Monday by New England Electric System Cos. and Innoprise Corp., a major Malaysian forest products company--and brokered through a small Los Angeles firm--could help change the destructive economics of Third World rain forests.
BUSINESS
June 17, 1999 | Reuters
The Federal Energy Regulatory Commission has cleared the first foreign purchases of U.S. utilities, approving two separate deals by British firms worth a total of $12.4 billion. Scottish Power is to buy PacifiCorp of Portland, Ore., for $9.2 billion. National Grid, the world's largest privately owned transmission company, is to buy New England Electric System of Westborough, Mass., for $3.2 billion.
BUSINESS
February 24, 1988 | Associated Press
A Massachusetts utility company has begun talks aimed at taking over troubled Public Service Co. of New Hampshire, but not its 36% share of the stalled Seabrook nuclear plant, officials said Tuesday. Public Service, the lead Seabrook owner, sought federal bankruptcy protection last month. The proposed takeover by New England Electric System, based in Westborough, Mass.
BUSINESS
August 4, 1992 | MICHAEL PARRISH, TIMES STAFF WRITER
A New England utility and a Malaysian logging firm have embarked on a venture to reduce carbon dioxide in the Earth's atmosphere, not by planting more rain forest trees, but by cutting them down more efficiently. The three-year pilot project, announced Monday by New England Electric System Cos. and Innoprise Corp., a major Malaysian forest products company--and brokered through a small Los Angeles firm--could help change the destructive economics of Third World rain forests.
BUSINESS
December 14, 1998 | Times Wire Services
New England Electric System said it will be acquired by National Grid of Britain for about $3.2 billion in cash and assumed debt, the second purchase of a U.S. utility by a British power company in a week. The deal includes the assumption of $1 billion in New England Electric debt. National Grid operates Britain's electricity transmission network. New England Electric, based in Westboro, Mass., is the state's largest electricity distributor. Neither firm would comment.
BUSINESS
April 5, 1989 | From Times wire services
A Massachusetts utility today offered $2.35 billion for Public Service Co. of New Hampshire if the Seabrook nuclear power plant operates and $1.4 billion if the troubled reactor doesn't. New England Electric System of Westboro made the offer conditional on the future operation of the plant, which is completed but lacks an operating license because of regulatory challenges on its emergency evacuation plans. Public Service, which is in bankruptcy reorganization, is the lead owner of Seabrook.
BUSINESS
September 6, 2000 | Bloomberg News
National Grid Group, owner of the power transmission network in England and Wales, agreed to buy Niagara Mohawk Holdings Inc. for $3 billion in cash and stock, continuing an expansion into the U.S. market. National Grid will pay $19 a share for the New York utility owner, 47% more than Thursday's closing price. It will pay about $1 billion in cash and $2 billion in stock and will assume $5.9 billion in debt.
BUSINESS
February 24, 1988 | Associated Press
A Massachusetts utility company has begun talks aimed at taking over troubled Public Service Co. of New Hampshire, but not its 36% share of the stalled Seabrook nuclear plant, officials said Tuesday. Public Service, the lead Seabrook owner, sought federal bankruptcy protection last month. The proposed takeover by New England Electric System, based in Westborough, Mass.
BUSINESS
June 9, 1995 | From Associated Press
Coca-Cola, Colgate-Palmolive and Timberland were cited Thursday for putting their consciences before profits. The companies were among six winners of "America's Corporate Conscience Awards" given annually by the Council on Economic Priorities, a public interest group that also surveys the top 10 corporate polluters. The six winners, chosen from 30 top contenders, each operated programs with direct social benefits that exceeded the call of duty.
NEWS
February 27, 1999 | From Reuters
New England spent Friday digging out from a blizzard that dumped nearly 2 feet of snow on the region, closing airports, cutting power to thousands and hampering the search for a missing child. Massachusetts State Police expanded a search for 9-year-old Corey Anderson of Norton, Mass., who was first reported missing at the height of the blizzard Thursday after he set out to find his golden retriever.
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