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This company operates as a holding company for subsidiaries engaged in the distribution and retail sale of natural gas and electricity. It serves a customer base across New Hampshire, Massachusetts, and Maine. Its primary business segments include regulated utilities that provide essential energy services to residential, commercial, and industrial customers. The company's operations are characterized by a stable, regulated revenue model, as it operates under state-level public utility commissions. This regulatory framework typically allows for recovery of operating expenses and a fair rate of return on invested capital. Beyond its core utility operations, the company also has a non-regulated segment involved in energy marketing and related services, offering flexibility in its business model. Its market position is defined by its role as a crucial energy provider within its defined service territories.
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