NU sells competitive generation units

July 25, 2006

NH Business Review Staff,

Northeast Utilities has sold its competitive generation businesses in Massachusetts and Connecticut to Energy Capital Partners of New Jersey.

Sale price was $1.34 billion, including the transfer of $320 million in debt.

The deal includes 15 generating plants at 14 sites — the largest of which, Northfield Mountain in Northfield, Mass. — generates 1,080 megawatts.

The agreement also includes Mt. Tom Station in Holyoke, Mass., a 146-megawatt coal-fired plant.

Company officials say the sale is expected to close by the end of the year.

According to the utility’s financial reports, NU – parent company of Public Service of New Hampshire — decided last November to sell off its the retail marketing and competitive generation businesses of its NU Enterprises subsidiary in November 2005. — CINDY KIBBE

Categories: News

More news from NHBR:

Commercial real estate broker David Choate looks back on 35-year career

NH Business Review interviewed Choate at the International Marketplace, located at the Pease International Tradeport, where Choate helped negotiate many deals over the years.

New initiative seeks workers and tourists to Monadnock region

The collaborative has some 475 members spread across communities in the region and representing a broad range of business, health care and education interests.

NH Fidelity employees returning to Merrimack campus full time

Fidelity Investments announced Wednesday that New Hampshire is one of four Fidelity sites that will transition to a full-time, on-site schedule beginning in September

NHBR About Town: Week of April 24, 2026

Business and event happenings around the state of NH

The Latest: Week of April 24, 2026

The Latest is a roundup of the comings and goings of the movers and shakers in NH's business community

North Country Healthcare report listening sessions

North Country Healthcare on Monday, April 13, released a report summarizing feedback from a series of community listening sessions held earlier this year across the region, highlighting widespread concern about access to care, staffing and communication, along with strong support for keeping local hospitals open.

Morrison Hospital Association files for bankruptcy

Morrison Hospital Association, a nonprofit senior care provider in northern New Hampshire, filed for Chapter 11 bankruptcy protection April 10, citing mounting debt — including a nearly $23 million federal loan — and lingering financial effects from the COVID-19 pandemic.

Business Mergers And Acquisitions Concept. Share Acquisition, As

2026 M&A market expectations

After two choppy years for dealmakers, 2026 is starting with a very different tone, one that many business owners have been waiting for. While the past few years brought tariff swings, interest rate volatility and a cautious lending environment, the fundamentals are shifting in a way that increasingly favors sellers, especially those in the lower-middle-market (LMM).

What does ‘business-friendly’ actually mean?

New Hampshire should be a place where businesses have every structural advantage to compete and grow — built on the workforce, infrastructure and policies that make it the best state in the nation to…