Corporate Profile for Eastern Utilities Associates, dated Oct. 3, 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: Oct. 3, 1997
Company name: Eastern Utilities Associates
Address: One Liberty Square
Post Office Box 2333
Boston, MA 02107-2333
Main Telephone
Number: (617) 357-9590
Chief Executive
Officer: Donald G. Pardus
Treasurer: Clifford J. Hebert, Jr.
Investor Relations
Contact: Clifford J. Hebert, Jr., or Donald T. Sena
Business Number: (617) 357-9590
Public Relations
Contact: David Jacobs or Donald Lariviere
Business Number: (508) 559-2000 ext. 3655, ext. 3662
Trading Symbol: EUA
Industry: Electric utility/energy services
Company Description: Eastern Utilities Associates (NYSE NYSE See: New York Stock Exchange and PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. : EUA EUA Examination under anesthesia, see there ) is a diversified diversified (di·verˑ·s energy services company which seeks to provide energy and related services at competitive prices and maintain a service level above its competitors. Core business subsidiaries are electric utilities operating in Massachusetts and Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , states at the forefront of the move to a competitive electric industry. EUA's retail electric utilities -- Eastern Edison in Massachusetts and Blackstone Valley Electric and Newport Electric in Rhode Island -- are playing an active role in the restructuring of the utility industry. The phased in steps to a fully competitive market are underway in Rhode Island; in Massachusetts, EUA's agreement with the state's Attorney Noun 1. state's attorney - a prosecuting attorney for a state state attorney prosecuting attorney, prosecuting officer, prosecutor, public prosecutor - a government official who conducts criminal prosecutions on behalf of the state General on how competition will affect Eastern Edison customers awaits action by state regulators. The agreement guarantees full recovery of 100 percent of EUA's stranded investments. Our wholesale electric generating and transmission utility -- Montaup Electric -- is in the process of divesting its entire portfolio of generation assets, including nuclear. EUA's diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. into a range of energy-related businesses offers superior growth potential and should provide an increasing percentage of EUA System earnings as the era of competitive electric suppliers evolves. EUA Cogenex, the most active of our energy-related businesses, is one of the largest energy management firms in the country; EUA Ocean State is a partner in the Ocean State Power project; EUA Energy Investment makes investments in energy-related businesses. 1996 consolidated earnings of $30.6 million came on operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of $527.1 million. More information about EUA is available on the World Wide Web at (http://www.eua.com) CONTACT: Eastern Utilities Associates, Boston Clifford J. Hebert, Jr., 617/357-9590 CONTACT: Eastern Utilities Associates |
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