Northeast Utilities Research Paper Example | Topics and Well Written Essays - 2000 words - 1

Northeast Utilities - Research Paper Example This informs that five companies that were once independent constitute the Utility. In 2010, Northeast Utility further eluded their intention to merger with NSTAR but maintaining the title as Northeast Utility and this is still a subject of approval. It is worth noting that the company is listed in the Fortune 500 with the headquarters at Berlin, Connecticut. The company also runs several subsidiaries in the business of retailing electricity and natural gas. The company’s customer base in New England is about 2.1 million and this qualifies it to be one of the largest public utilities in New England (Hoover, 2012). In this regard, the company has electric transmission lines covering 3,140 miles with about 32, 802 distribution pole miles. Their natural gas distribution also covers an area of about 5,000 km2 (Murray, 2012). This utility serves the area of Connecticut, New Hampshire, and Western Massachusetts. With the figures shown relating to the company, it is evident that the company occupies a niche in the market and controls a significant share of the market. To ascertain this performance, the company has consistently features in the fortune 500 list, which ranks some of the best-reputed companies in terms of performanc e and profit making in the world. The industry involves supply of energy through electricity and the natural gases. Considering the 5-forces that are essential in shaping industrial competition, this industry is not an exception. In any business, it is very important to understand these forces so that one can identify the source of business strength and weaknesses so that the necessary adjustments can follow. In this case, this industry faces fierce competition from other companies providing similar products-competitive rivalry. This includes other companies like, First Energy, UIL Holdings, UNITIL, NSTAR, and EnerNOC (Murray, 2012). The