ISI is releasing a new, enhanced version of its flagship ISIPublisher software, which provides extensive support for NeeS
submissions management, automating much of the crucial formatting so that organizations do not fall foul of health authority requirements.
The National Grid transaction is expected to be entirely financed with debt and may pressure credit protection measures to the extent that NEES
and subsidiaries are burdened with acquisition debt.
Rick Sergel will continue as president and chief executive officer of NEES
and will join the National Grid Board as an executive director, together with one of NEES
's outside directors.
This is an important step that brings us closer to finalizing the NEES
/EUA merger which will benefit our current and new customers," said NEES
President and Chief Executive Officer Rick Sergel.
The final sale price for the merger, and the final price of NEES
shares are expected to be approximately $3.
The Rhode Island Division of Public Utilities and Carriers approved the merger of the Rhode Island operating subsidiaries of NEES
and EUA on February 25.
Since 1995, NEES
has worked with regulators, legislators, environmental organizations, businesses, and consumer groups to negotiate fair restructuring plans that put the most money in consumers' pockets, reduce pollution, and maintain a reliable electric system.
The sharing of space is expected to continue after the purchase is finalized, with some EUA personnel remaining in West Bridgewater through the end of 2000 as EUA makes the transition into the NEES
is parent company to Massachusetts Electric Company, which has 970,000 customers in 146 communities.
If the SEC approves the proposed merger, at the time of closing all outstanding NEES
common shares will be cancelled and converted into the right to receive cash merger consideration.
is selling its 18 power plants representing almost 4,000 megawatts (MW) to USGenNE for $1.
In January 2000, NEES
announced it was reviewing strategic options for AllEnergy, including the possible sale of the company.
With this purchase, AllEnergy will become a wholly-owned indirect subsidiary of NEES
According to NEES
President and Chief Executive Officer Rick Sergel, this announcement underscores NEES
's goal to focus on its electricity delivery business, and its commitment to AllEnergy's continued success.
Global, a developer of independent transmission projects, and UI, a Connecticut electric utility, will work together on the Connecticut component of the cable proposal, which is being developed by NEES
Global in anticipation of a Request for Proposals expected to be issued in the coming weeks by the Long Island Power Authority (LIPA).