Corporate Profile for Colonial Gas, dated May 23, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 23, 1997
Company Name: Colonial Gas Company
Address: 40 Market Street
Lowell, MA 01852
Main Telephone
Number: 508-322-3000
Chief Executive
Officer: F.L. Putnam III
Chief Financial
Officer: Nickolas Stavropoulas
Investor and
Public Relations
Number: 508-322-3155
Trading Symbol/
Exchange: NASDAQ:CGES
Industry: Gas utility
Company description: Colonial Gas Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CGES CGES Centre for Global Energy Studies ), headquartered in Lowell, MA, is the fastest growing natural gas utility in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , servicing residential and business clients throughout the Merrimack Valley The Merrimack Valley is the area surrounding the Merrimack River in northeastern Massachusetts. The area on either side of the Merrimack in New Hampshire is named the Merrimack Valley Region by the NH Division of Travel and Tourism Development. and Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. . Founded in 1849, Colonial's core business lines include natural gas distribution and energy products trucking. The company is currently experiencing a strong and sustained period of growth, reflecting the increasing demand for natural gas in the Northeast. Colonial currently employs 495 people and has more than 145,000 customers in 24 communities. Additionally, through its subsidiary, Transgas Inc., it is the leading transporter of liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. in the United States. In 1996, net income was $16.4 million on operating revenues of $170.9 million. The stock price ranged from $20 to $24.25. CONTACT: Colonial Gas Company |
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