New England Power Company · Westborough, MA United States
Company Description
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This link will open in a new window The leaves may change in the area, but New England Power stays strong. The company holds the New England transmission assets of parent National Grid USA (which is a subsidiary of the UK-based National Grid plc ). The utility company provides services to National Grid affiliates Granite State Electric, Massachusetts Electric, Nantucket Electric, and Narragansett Electric , as well as to other regional energy companies. It maintains and operates a 9,000-mile transmission system serving five states New England Power also holds interests in inactive nuclear power plants. To read the full description, subscribe now.
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Key New England Power Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | March |
| Employees | 842 |
New England Power Company Executives
17 executives listed for New England Power Company's Westborough, MA location.
| Title | Name & Bio | Contact |
| President | Masheed Saidi | Network |
| VP Operations, Transmission | Peter Lebro | Network |
| VP | Pamela Viapiano | Network |
Competition
Competitive Landscape for New England Power Company
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top New England Power Company Competitors
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