Northeast Utilities

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Headquarters: 107 Selden St. Berlin, CT 06037 Employees: 6,189 CEO: Charles Shivery Stock Symbol: NU Website: http://www.nu.com Career Site Northeast Utilities is a diversified energy company located in Connecticut serving over 2 million customers throughout the Northeast. Through its regulated and competitive subsidiaries, NU provides natural gas and electricity to millions of residential and business customers. The company's main subsidiaries include: Electric Operating Subsidiaries - The Connecticut Light and Power Company (CL&P) - Public Service Company of New Hampshire (PSNH) - Western Massachusetts Electric Company (WMECO) Natural Gas Subsidiary - Yankee Gas Services Company Northeast Utilities reported revenues of $8.2 billion in 2008 and net income of $260.8 million. History The Northeast Utilities system was formed on July 1, 1966, when three companies - The Connecticut Light and Power Company, Western Massachusetts Electric Company (WMECO), and The Hartford Electric Light Company - affiliated under the common ownership of Northeast Utilities (NU), the system's parent company. The NU system was the first new multistate public utility holding company system created since the enactment of the Public Utility Holding Company Act of 1935. In 1967, Holyoke Water Power Company (HWP) joined the affiliation. In 1992, Public Service Company of New Hampshire (PSNH), became a new member of the NU system. Upon its creation, the NU system became the largest utility in New England and one of the 20 largest in the nation. Benefits Northeast Utilities offers employees choices on meeting their personal benefits needs. Under this program, employees are the ones making the decisions about their benefits. They can choose from different kinds and levels of benefits that are right for them. Under the Flexible Benefits Program, there are a number of different benefit options, including a choice of: - Medical options - Dental options - Long-term disability options - Life insurance options - Accidental Death and Dismemberment insurance options - Health care and dependent care expense reimbursement accounts 401k Savings and Investment Plan We offer a 401k plan that includes tax-deferred savings immediately upon hire, company-matched contributions after 6 months, and convenient payroll deductions. Employees have a choice of over 20 investment options and the opportunity to change their elections as often as they like. Employee Share Purchase Plan After one year of employment, employees are eligible to participate in a program to purchase Northeast Utilities shares at a discount. Education Reimbursement and Training Programs In addition to a program that reimburses eligible employees up to 75% of the cost of tuition and fees, Northeast Utilities offers extensive in-house training in a number of areas. Our Information Technology Learning Center, for example, provides all levels of computer training, whether in the classroom, on location, or in a self-directed environment. Employee Services Credit Unions Credit unions offer a wide variety of financial services to employees of Northeast Utilities. Branch offices are situated at our larger sites. Child Care Referral Services If you need information and assistance to help you find child care arrangements that meet your family's needs, Northeast Utilities provides free and confidential referral services in Connecticut, Massachusetts, and New Hampshire to help you with child care service information. Other Services for Employees NU employees are offered a number of other convenient programs including: - Floating vacation days - Flex-time and job-sharing - Wellness programs with incentives for employees who adopt healthy lifestyles - Group auto and home insurance - Long-term care - Employee Assistance Program with confidential counseling services - Recreation committee offering employees discounts to sports, entertainment, travel, and other events Services available in many of our locations include: - Ridesharing, vanpooling, and free parking - On-site ATMs - Fitness Centers - Full-service cafeterias Updated May 10, 2009