BNET Industries

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

This star delivers; electricity and natural gas that is. NSTAR (NYSE: NST) was formed by the 1999 merger of BEC Energy and Commonwealth Energy System. This Boston, MA-based company, with a combined history exceeding 100 years, generates revenue of more than $3.2 billion and employs 3,100 people. The company transmits and distributes electricity and natural gas to over 1 million homes and businesses throughout Massachusetts. Through its unregulated segment, the company offers district heating and cooling services, telecommunications and liquefied natural gas service. The company was named by the National Arbor Day Foundation to receive its 2005 Tree Line USA Award.

Chairman, President and Chief Executive OfficerThomas 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

  • NSTAR Gas submits application to reduce gas rates

    6/26/09 - Bond / Stock Rating - View Story

  • Federal Energy Regulatory Commission Approves Northeast Utilities' New England-Quebec Power Transmission Plan - Update

    5/21/09 - Joint Venture / Alliance - View Story

  • UPDATE 1-NStar Q1 tops Street; backs FY EPS view

    4/30/09 - Financial Announcement - View Story

  • NSTAR Unveils Innovative Smart Grid Program

    3/31/09 - Product Announcement - View Story

  • NSTAR appoints Philip Lembo as VP and Treasurer - Quick Facts

    3/30/09 - Mgmt. Change Entering - Vice President - View Story

News & Analysis

nstar - All News and Analysis

Decision Makers

Name (plus bio) Position
James J. Judge Chief Financial Officer and Director
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
Carol Carron Field Service Representative
Dale Powers Data Architect
Gloria Taylor Field Service Technician
Jack Morrison Business Agent
Larry Walsh Central Shop Mechanic
Paul Kelley Administrator Supplier Services
Rich Morrison Assistant Secretary
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
NStar Electric Co 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
NSTAR Chief Financial Officer and Director Current
Analogic Corporation Senior Vice President, Chief Current
NStar Electric Co CFO, Senior Vice President & Treasurer Current
NSTAR Senior Vice President, Treasurer & CFO Current
Analogic Corporation Director Current
Analogic Corporation Chairman Current
NSTAR Treasurer Current
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

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

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

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
Organization Position Status
NSTAR Assistant Secretary Current
NSTAR Board of Directors 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
The Boston History Center Board of Directors Current
CBS Corporation Board of Directors Current
Bank of America Corporation Board of Directors Current
Liberty Mutual Group, Inc. Board of Directors Current
NSTAR Board of Directors Current
NSTAR Committee Member Current
Liberty Mutual Group, Inc. Chief Executive Officer Former
Liberty Mutual Group, Inc. Chairman 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
Greater Boston Chamber of Commerce, Inc. Board of Directors Current
Liberty Mutual Insurance Company Director Current
Liberty Mutual Group, Inc. Board of Directors Current
PolyMedica Corporation Director Current
Tier Technologies Inc. Board of Directors Current
NSTAR Board of Directors Current
IMS Health, Inc. Board of Directors Current
Citizens Bank of Massachusetts 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

  • Seeking: The Foundation of Ethics

    CFO.com - 6/24/09 - View Story

  • Tendril Secures $30 Million Series C Funding

    World Energy Source - 6/10/09 - View Story

  • Bank of America Has Raised Almost $33 Bln In Capital - Update

    TradingMarkets - 6/02/09 - View Story

  • Fleet directors gain influence at BofA

    TradingMarkets - 5/29/09 - View Story

  • Fleet directors gain influence

    TradingMarkets - 5/29/09 - View Story

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     NST $29.80 -2.72 (-8.36% )
Average Volume 661,414
Shares Outstanding 106.81M
Market Cap 3.2B
Year High 40
Year Low 25
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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