BNET Industries

Market Cap:$3.5B
Last Fiscal Year Sales:$3.3B
  • Public
  • US
Dow Jones Description

As Massachusetts' largest investor-owned electric and gas utility, NSTAR, headquartered in Boston, transmits and delivers electricity and natural gas to 1.4 million residential and business customers in over 100 Eastern Massachusetts communities. NSTAR's regulated subsidiaries have more than 3,200 employees. NSTAR also conducts unregulated non-utility operations.

Chairman, President and Chief Executive Officer
Thomas J. May
Number of Employees 3,250
Contact Information

800 Boylston St

Boston, Massachusetts 02199-8003

nstar.com

(617) 424-2000

NAICS Code Electric Power Distribution: 221122

Recent Events

  • Energy-efficiency projects get $39m

    11/25/09 - New Investment - View Story

  • 12 Recent Dividend Increases

    11/24/09 - Stock Split / Dividend - View Story

  • Wind turbine on line for base cleanup

    11/03/09 - Joint Venture / Alliance - View Story

  • NStar to receive $10M for smart-grid work

    10/28/09 - New Investment - View Story

  • NSTAR profit up despite electric use drop

    10/23/09 - Financial Announcement - View Story

News & Analysis

energy efficiency and nstar - All News and Analysis

Decision Makers

Name (plus bio) Position
James J. Judge Senior Vice President, Treasurer & CFO
Robert Weafer Chief Accounting Officer, Vice President & Controller
Christine Carmody Senior Vice President, Human Resources
Doug Horan Senior Vice President, Strategy, Law and Policy, Secretary and General Counsel
Douglas S. Horan Senior Vice President, Strategy, Law & Policy
Eugene Zimon Senior Vice President, Information Technology
Joseph R. Nolan Senior Vice President, Customer & Corp Relations
Timothy R. Manning Senior Vice President, Human Resources
Werner J. Schweiger Senior Vice President, Operations
Chris Carmody Vice President, Organizational Effectiveness
Ellen K. Angley Vice President, Energy Supply and Transmission
Geoff Lubbock Vice President, Financial Strategic Planning and Policy
Geoffrey O. Lubbock Vice President, Financial Strategic Planning and Policy
Larry Gelbien Vice President, Engineering
Paul D. Vaitkus Vice President - Electric Operations
Penni Conner Vice President, Customer Care
Phil Andreas Vice President, Gas Operations
Philip B. Andreas Vice President, Gas Operations
John Flaherty Account Manager
Patrick McDonnell Manager of Products and Services
Bill Mooney Leader
Bob Senier
Carol Carron Field Service Representative
Dale Powers Data Architect
David Bynoe
Dawn Dunn
Ed Lynch
Gloria Taylor Field Service Technician
Harold L Lichten
Jack Morrison Business Agent
Larry Walsh Central Shop Mechanic
Paul Kelley Administrator Supplier Services
Paul Roach
Rich Morrison Assistant Secretary
Ron Ledgett
Stephen Warren
Sue Adamski Gas Supply Maintenance Technician
Susan Cassano Field Service Representative
Diana Strother Expeditor Inspector
Gerald L. Wilson Trustee
Thomas G. Dignan, JR Committee Member

Board of Directors

Name (plus bio) Position
Thomas J. May Chairman, President and Chief Executive Officer
Matina S. Horner Audit, Finance & Risk Management Committee Chairman
Michael Stephenson Chairman
Charles K. Gifford Board of Directors
Chris Thompson Board of Directors
Daniel Dennis Board of Directors
Don Anastasia Board of Directors
Gary L. Countryman Board of Directors
Paul A. La Camera Board of Directors
Phil Lembo Board of Directors
Sherry H. Penney Board of Directors
Susan Romer Board of Directors
William C. Van Faasen Board of Directors

Organization Position Status
NSTAR Chairman, President and Chief Executive Officer Current
Boston Edison Company Chairman, President & CEO Current
NSTAR Electric and Gas Company Inc. Chairman, President & CEO Current
NSTAR Gas & Electric Company Chairman & CEO Current
Bank of America Corporation Board of Directors Current
Liberty Mutual Group, Inc. Board of Directors Current

Organization Position Status
Analogic Corporation Senior Vice President, Chief Current
Boston Edison Company CFO, Senior Vice President & Treasurer Current
NSTAR Senior Vice President, Treasurer & CFO Current
Analogic Corporation Chairman Current
NSTAR Treasurer Current
NSTAR Chief Financial Officer and Director Former

Organization Position Status
NSTAR Chief Accounting Officer, Vice President & Controller Current
NSTAR Electric and Gas Company Inc. Controller Current

Organization Position Status
NSTAR Senior Vice President, Human Resources Current
NSTAR Vice President of Organizational Effectiveness Former
Nehra Board of Directors Current
Anna Maria College Master's Degree In Business Administration Former
College of the Holy Cross Bachelor of Arts Former

Organization Position Status
NSTAR Senior Vice President, Strategy, Law and Policy, Secretary and General Counsel Current
NSTAR Board of Directors Current

Organization Position Status
NSTAR Senior Vice President, Strategy, Law & Policy Current
NSTAR Secretary Current
NSTAR General Counsel Former

Organization Position Status
NSTAR Gas & Electric Company CIO Current
NSTAR Senior Vice President, Information Technology Current

Organization Position Status
NSTAR Senior Vice President, Customer & Corp Relations Current
Intercontinental, Inc. Senior Vice President Responsible for Overseeing Nstar Current
Intercontinental, Inc. Board of Directors Current
NSTAR Vice President of Government Affairs Former

Organization Position Status
NSTAR Senior Vice President, Human Resources Current

Organization Position Status
NSTAR Senior Vice President, Operations Current

Organization Position Status
NSTAR Vice President, Organizational Effectiveness Current

Organization Position Status
NSTAR Vice President, Energy Supply and Transmission Current

Organization Position Status
NSTAR Vice President, Financial Strategic Planning and Policy Current

Organization Position Status
NSTAR Vice President, Financial Strategic Planning and Policy Current

Organization Position Status
NSTAR Vice President, Engineering Current

Organization Position Status
NSTAR Vice President - Electric Operations Current

Organization Position Status
NSTAR Vice President, Customer Care Current

Organization Position Status
NSTAR Vice President, Gas Operations Current

Organization Position Status
NSTAR Vice President, Gas Operations Current

In the short span of time that John Flaherty has been in the industry, he has already proven that he has what it takes to be an outstanding security professional. John began his career in the security industry one year ago when he joined South Shore Security as a security officer at NSTAR's Westwood headquarters. John's strong customer service skills and approachable personality made him an instant success. Since joining South Shore Security, John has been promoted to Account Manager at NSTAR, where he supervises the site's security staff and acts as the company's intermediary. This position makes John the "front man" for South Shore Security, handling everything from detailed paperwork to special client requests. John says he enjoys South Shore Security's friendly atmosphere, adding that he sees it as working with a team of executives, rather than for them. Formerly employed in the financial industry, John holds an Associates Degree in Accounting from Northeastern University. A resident of South Weymouth, he spends much of his free time serving as a Captain in the Civil Air Patrol, performing 85% of the U.S. Air Force's inland search and rescue operations.

Organization Position Status
NSTAR Account Manager Current
South Shore Security, Inc. Account Manager Current
Civil Air Patrol Captain Current
South Shore Security, Inc. Security Officer Current
NSTAR security officer Former
United States Air Force Former
Northeastern University Associates Degree in Accounting Former
Northeastern University Degree In Accounting Former

Organization Position Status
NSTAR Manager of Products and Services Current

Bill has been a union member for 27 years serving in the capacity of a Sergeant of Arms, Steward, and Executive Board Member. He is employed as a leader in the Underground Department at NStar. He is also a member of the John P. McKeon Post, Neponsett VFW and the Norfolk Yacht Club.

Organization Position Status
NSTAR Leader Current
UWUA369.Org Board of Directors Current

Bob Senier is the Local 369 Business Agent for Production and Maintenance, in the northern region. Bob represents members at Boston Generation, Distrigas, ElecComm, Entergy, Excelon, NStar, Maverick, Mirant, and RCN. He has been a union member for 17 years serving in the capacity of a Steward, Chief Steward, and Trustee. Before coming to Boston Edison Bob served in the United States Marine Corps. Bob started in the Overhead at Boston Edison where he worked until his election as Business Agent last fall. While in the OH Bob held the rates of Lineman Grade C, B, A, Hot Stick and Hot Stick Troubleshooter.Bob is also Melrose youth hockey coach.

Organization Position Status
NSTAR Current
Mirant Corporation Current
Entergy Corporation Current

Carol has been a union member for 21 years. She began her career as a Meter Reader and has been a Field Service Representative for NStar on Cape Cod for 10 years. Carol represents members is all NStar divisions in Yarmouth and Martha's Vineyard. In addition to her current position as an Executive Board Member, she was also a Steward and Chief Steward in Yarmouth.

Organization Position Status
NSTAR Field Service Representative Current
UWUA369.Org Board of Directors Current

Dale has over 25 years experience in information systems specializing in data management, database design, data warehousing, and data quality improvement. Dale is currently a data architect at NSTAR in West wood, MA. He has worked in similar roles in manufacturing, consulting, banking, and medical products. All the companies have subsequently been acquired and have different names. Dale's mother, Norma, was diagnosed with ALS in 1995. A soloist in her church choir for 39 years, she was forced to give up singing shortly thereafter. She succumbed to the disease in March 1998. Norma died almost 25 years to the day after her uncle Oscar died from complications from ALS. This first hand experience provides Dale with the inspiration to help others dealing with the disease and finding new ways to provide hope for them and their families. Dale has been active with The ALS Association for four years, as a volunteer, as a board member serving on the Advocacy Committee, as a fund raiser for Curt's Pitch, and as Vice Chair. Dale is an avid golfer and enjoys travel. Dale is an accomplished photographer, having shown his black and white photos of Ireland several times in the Worcester area. Dale graduated from Dartmouth College with a B.A. in Economics and from Bryant College (now Bryant University) Graduate School with and MBA in Management (Summa Cum Laude)

Organization Position Status
NSTAR Data Architect Current
The Als Association Massachusetts Chapter Board of Directors Current
Dartmouth College B.A. In Economics Former
Bryant College Former

Array

Organization Position Status
South Shore Security, Inc. Security Officer Current

Organization Position Status
North East Finance Business Development Manager Current
NSTAR Current

Organization Position Status
NSTAR Current
UWUA369.Org Board of Directors Current

Gloria is responsible for installing meters, removing meters and troubleshooting, and she echoes Sue's feelings about not being in a typical office environment, and the opportunities her job gives her to see and work with customers directly. "One of the most rewarding parts of my work is simply being able to correct problems," she said. "To see the customer satisfied is a great part of the job that we do." Having worked long-term in a non-traditional role has also given Gloria the ability to guide her two daughters as they move closer to entering the working world. "I give them the same advice I would give a woman coming into a job like this: have confidence, and do not be afraid to do your job and do it well. You cannot be fearful just because the work you are doing isn't traditionally a woman's job."

Organization Position Status
NSTAR Field Service Technician Current

Array

Organization Position Status
Pyle, Rome, Lichten, Ehrenberg Partner of the Firm Current
NSTAR Current
Bay State Gas Company Current
United States Court of Appeals for the Federal Circuit Former
Massachusetts Supreme Judicial Court Former

Jack Morrison is a Business agent for Local 369, southern region, representing members at National Grid and NStar. He has been a member of Local 369 for the past 26 years. Jack started in Boston Edison as a Grade II Clerk and then transferred to the UG where he held the rate of Cable and Conduit Installer, Splicer's Helper, Splicer A&B before transferring to Dispatching. where he has served as a dispatcher for over a decade. Jack is the Treasurer of the United Safety Alliance and a member of the Plymouth Bristol Central Labor Council.

Organization Position Status
Local Business Agent Current
NSTAR Business Agent Current
Local Board of Directors Current
UWUA369.Org Board of Directors Current

Array

Organization Position Status
UWUA369.Org Current

Organization Position Status
NSTAR Administrator Supplier Services Current

Paul has been interested in security and law enforcement since he was a child. Growing up, he observed the law in action, when his grandfather was a judge in Quincy, Mass. Today, he enjoys ensuring the safety of both the NSTAR property and the people that work and visit there. A resident of Hanover, Paul graduated from UMASS Boston with both a B.A. and an M.A. in English. When he's not working, he makes time for some of his favorite hobbies: weightlifting, playing basketball, reading and writing. Kudos to Paul Roach for being an exemplary security professional and a valued member of the South Shore Security team!

Organization Position Status
South Shore Security, Inc. Security Officer Current
NSTAR Current

Organization Position Status
NSTAR Assistant Secretary Current
NSTAR Board of Directors Current

Ron Ledgett, retired Executive Vice President, NSTAR Electric and Gas (formerly Boston Edison). While Senior Operating Officer for electric generation, transmission, and distribution for three service territories, he led Boston Edison through the deregulation of the power industry. He led a business culture where employees rapidly invented valuable new futures competently reorganizing themselves into new business units and adopting industry best-practices creating substantial shareholder value. Prior to working with NSTAR, Ron improved both nuclear ship construction and repair operations, and nuclear operations safety oversight and regulation while serving in the United States Senior Executive Service, Naval Reactors, Washington DC, and Portsmouth Naval Shipyard. He earned his master's degree in Electrical Engineering at Stanford-University.

Organization Position Status
NSTAR Current
New Day Farms, LLC Board of Directors Current
Stanford University Master's Degree In Electrical Engineering Former

Organization Position Status
North East Finance Administrative Assistant Current
NSTAR Current

Sue Adamski began her 25 year career at NSTAR as a clerk, but soon found where she wanted to be was in the field. "I think an office job is just not for me," she said. "I love being out and about, and really interacting with customers." After working in a couple of NSTAR's business areas, including Gas Service and Facilities, Sue is currently a maintenance technician for Gas Supply, working in NSTAR's Worcester location doing everything from dismantling regulators to testing the gas system. She feels one of the best "perks" of her non traditional job has been applying her mechanical skills at home. "As a single parent for many years, I was confident enough to take on many home improvement tasks I may not have before." Being in a non-traditional role, Sue also knows she sometimes provides and education for customers. When working in Gas Service, Sue went to a home without heat, only to be confronted by a customer who would not let her in to address the problem because she was a woman. Once finally allowed in, she quickly solved the issue, and the customer apologized for underestimating her. "It was nice to know I opened someone's eyes that day."

Organization Position Status
NSTAR Gas Supply Maintenance Technician Current

Organization Position Status
NSTAR Field Service Representative Current
UWUA369.Org Board of Directors Current

Organization Position Status
Maha Home Vice President, Dorchester Bio Current
Homeownership University Vice President, Dorchester Bio Current
Timothy Baptist Church Active Member Current
NSTAR Expeditor Inspector Current
Homeownership University Board of Directors Current
Maha Home Board of Directors Current
Timothy Baptist Church Board of Directors Current
Massachusetts General Hospital Biomedical Engineering Technician Former

Organization Position Status
NSTAR Audit, Finance & Risk Management Committee Chairman Current
NSTAR Board of Directors Current

Michael Stephenson has served in a non-executive capacity for a number of diverse companies in the region and nationally. He is a member of the Government's National Task Force for Modern Apprenticeships and the Learning & Skills Council Tyne and Wear. Other terms of office include a council member of Durham University and he serves on the regional business panel for the Bank of England. Michael is also founder and Managing Director of Helena BioSciences, the largest Bioscience company in the North East and he is chairman of Nstar Limited.

Organization Position Status
NSTAR Chairman Current
Sunderland Arc Limited Board of Directors Current

CHARLES K. GIFFORD (66), Former Chairman, Bank of America Corporation, Charlotte, North Carolina. He served as Chairman of the Corporation from April 2004 until January 2005. Prior to that time, he had served as Chairman and Chief Executive Officer of FleetBoston since 2002. He also served as President and Chief Executive Officer of FleetBoston from 2001 to 2002 and President and Chief Operating Officer from 1999 to 2001. He has been a director of the Corporation since April 2004 and is a member of the Asset Quality and Executive Committees. He also serves as a trustee of NSTAR and a director of CBS Corporation.

Organization Position Status
Bank of America Corporation Board of Directors Current
CBS Corporation Board of Directors Current
Stone Canyon Venture Partners, L.P. Board of Directors Current
NSTAR Board of Directors Current
Dana-Farber Cancer Institute Board Member Current
Northeastern University Board Member Current
Boston Symphony Orchestra Inc. Board Member Current
Greater Boston Chamber of Commerce, Inc. Board Member Current
NSTAR Committee Member Current
BankBoston International Chairman & Chief Executive Officer Former
FleetBoston Financial Corporation Chief Executive Officer Former
FleetBoston Financial Corporation President & Chief Operating Officer Former
Bank of America Corporation Chairman Former
FleetBoston Financial Corporation Board of Directors Former
Massachusetts Mutual Life Insurance Company Board of Directors Former
Princeton University Bachelor of Arts Degree Former

Organization Position Status
The Express Group Chief Executive Current
One Northeast Deputy Chairman Current
Northstar Equity Investors Limited Board of Directors Current
NSTAR Board of Directors Current
NSTAR Member Current
One Northeast Board of Directors Former

Organization Position Status
NSTAR Board of Directors Current
NSTAR Committee Member Current

Organization Position Status
NSTAR Board of Directors Current
NSTAR Assistant Treasurer Former

Organization Position Status
Liberty Mutual Fire Insurance Co. Chairman Emeritus Current
CBS Corporation Board of Directors Current
The Boston History Center Board of Directors Current
NSTAR Board of Directors Current
Liberty Mutual Group, Inc. Board of Directors Current
NSTAR Committee Member Current
Liberty Mutual Group, Inc. Chief Executive Officer Former
Liberty Mutual Group, Inc. Chairman Former
Bank of America Corporation Board of Directors Former

Organization Position Status
NSTAR Board of Directors Current
NSTAR Committee Member Current

Organization Position Status
NSTAR Board of Directors Current

Organization Position Status
NSTAR Board of Directors Current

Organization Position Status
NSTAR Board of Directors Current

Organization Position Status
The Business Collaborative Chairman, President & CEO, Blue Cross Blue Shield of Massachusetts Current
Blue Cross and Blue Shield Chairman of the Board Current
Blue Shield LLC Chairman of The Board Current
The Blue Cross Chairman of The Board Current
Citizens Bank of Massachusetts Board of Directors Current
IMS Health, Inc. Board of Directors Current
PolyMedica Corporation Director Current
NSTAR Board of Directors Current
Liberty Mutual Group, Inc. Board of Directors Current
Liberty Mutual Insurance Company Director Current
Greater Boston Chamber of Commerce, Inc. Board of Directors Current
Tier Technologies Inc. Board of Directors Current
Blue Cross & Blue Shield of Massachusetts, Inc. President & Chief Executive Officer Former
Blue Cross and Blue Shield Chief Operating Officer Former
Blue Cross and Blue Shield Executive Vice President Former
Blue Cross & Blue Shield of Michigan Senior Vice President, Operational Services Former
Blue Cross & Blue Shield of Massachusetts, Inc. Chairman Emeritus Former
Greater Boston Chamber of Commerce, Inc. Chair Former

Organization Position Status
Vimac Ventures LLC Current
Analogic Corporation Chairman Current
Evergreen Solar, Inc. Director Current
Analogic Corporation Vice Chairman Current
NSTAR Trustee Current
Massachusetts Institute of Technology Vannevar Bush Professor of Engineering Former
General Motors Corporation Chairman Former
Massachusetts Institute of Technology B.S. and M.S. in Electrical Engineering Former
NSTAR Director Current

Organization Position Status
Ropes & Gray Llp Of Counsel Current
NSTAR Committee Member Current
NSTAR Board Governance & Nominating Committee Chairman Former

Executive News

  • House Panel To Hear From BofA Directors Next Week

    Morningstar.com - 10/16/09 - View Story

  • House Panel To Hear From BofA Directors Next Week

    CNN Money - 10/16/09 - View Story

  • US Congress asks 2 BofA directors to testify-source

    Reuters - 10/16/09 - View Story

  • BofA Emails Show Pique at U.S.

    The Wall Street Journal Interactive Edition - 10/15/09 - View Story

  • New Light on BofA Emails

    The Wall Street Journal Interactive Edition - 10/14/09 - View Story

  • North vs. South at Bank of America

    Boston Globe - 10/07/09 - View Story

  • BofA board forms CEO search committee

    Seattle Times - 10/02/09 - View Story

  • BofA's CEO search panel heavy on Fleet veterans

    Forbes.com - 10/02/09 - View Story

  • UPDATE 2-BofA's CEO search panel heavy on Fleet veterans

    Forbes.com - 10/02/09 - View Story

  • UPDATE 2-BofA's CEO search panel heavy on Fleet veterans

    Reuters - 10/02/09 - View Story

  • BofA's CEO search panel heavy on Fleet veterans

    Reuters - 10/02/09 - View Story

  • BofA board forms CEO search committee

    Washington Post - 10/02/09 - View Story

  • Bank of America names team to oversee CEO search

    Reuters - 10/02/09 - View Story

  • BofA names team to oversee search for new CEO

    CNN Money - 10/02/09 - View Story

  • BofA board fields CEO search team

    Charlotte Business Journal - 10/02/09 - View Story

  • CNBC: BofA board member may succeed Lewis

    Charlotte Business Journal - 10/01/09 - View Story

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     NST $33.59 +0.09 (0.27% )
Average Volume 550,063
Shares Outstanding 106.81M
Market Cap 3.6B
Year High 36.94
Year Low 27.49
Earnings Per Share 2.31
P/E Ratio 14.54
Dividend 1.50
Yield 4.47
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