Image via Wikipedia Northeast Utilities will buy Nstar for $4.17 billion, forming the biggest New England utility company with 3.5 million electric and gas customers in three states.
The acquisition should help Northeast pay for large transmission projects designed to bring low-carbon power from Northern New England and Canada to higher population areas in southern New Hampshire, Massachusetts and Connecticut. The combined company plans to spend $9 billion on these and other projects from 2011 through 2015.
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