BayCorp Announces Stock Repurchase Program.Business Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--Oct. 24, 2001 BayCorp Holdings, Ltd. ("BayCorp") (AMEX AMEX See: American Stock Exchange : MWH See watt-hour. ) today announced that its Board of Directors has authorized the repurchase of up to five percent of its fully diluted Common Stock on the open market or in negotiated transactions. About BayCorp BayCorp Holdings, Ltd. (AMEX: MWH) is an unregulated holding company incorporated in Delaware. BayCorp's wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Great Bay and Little Bay, are electric generating companies whose principal assets total an approximate 15% joint ownership in the Seabrook Nuclear Power Plant in Seabrook, New Hampshire Seabrook is a town in Rockingham County, New Hampshire, United States. The population was 7,979 at the 2000 census. Located at the southern end of the coast of New Hampshire on the border with Massachusetts, Seabrook is noted as the location of the Seabrook Nuclear Power Station, . HoustonStreet, Inc., an equity investment of BayCorp, is a leading .NET software and services provider to the energy industry and operates HoustonStreet.com, an independent exchange, currently offering crude oil and refined products trading exchanges. HoustonStreet also has a majority interest in HoustonStreet Exchange, Ltd., the operating company operating company A business that engages in transactions with outsiders. for HoustonStreet's European operations. |
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