Energy East Corporation
Stock Symbol: EAS
P.O. Box 12904
Energy East Corporation Industry:
Energy East Corporation Description:
Energy East Corporation is a regional energy services and delivery company with operations in New York, Connecticut, Massachusetts, Maine and New Hampshire and corporate offices in New York and Maine.
Energy East Corporation Financial Summary:
Energy East Corporation is a super-regional energy services and delivery company with operations in NY, CT, MA, ME, NH and NJ and offices in NY and CT. For the 6 months ended 6/30/05, revenues rose 8% to $2.72B. Net income from cont. ops. rose 5% to $171.7M. Revenues reflect higher prices for retail electric energy. Higher income was partially offset by the absence of a $319.5M gain on the sale of generation assets.
Energy East Corporation Business Summary:
Energy East Corporation is a public utility holding company with operations in New York, Connecticut, Massachusetts, Maine and New Hampshire. The Company operates primarily through its principal subsidiaries: Central Maine Power Company, New York State Electric & Gas Corporation, Rochester Gas and Electric Corporation, The Southern Connecticut Gas Company and Connecticut Natural Gas Corporation. Energy East serves approximately 1.8 million electricity customers and 900,000 natural gas customers. The service territories include high-technology firms, insurance, light industry, consumer goods manufacturing, pulp and paper, ship building, colleges and universities, agriculture, fishing and recreational facilities. The percentage of Energy East's operating revenues derived from electricity sales for the year ended December 31, 2004, was 58% and the percentage of revenues from natural gas was 33%.