Boston Edison ventures into unregulated subsidiaries
Last June 18, Boston Edison won Massachusetts regulatory approval to take advantage to internal expertise, proven business successes, and external opportunities with an unregulated subsidiary, Boston Energy Technology Group Inc. (BETG). The group is in place to help assure the financial strength and competitiveness of Boston Edison for its customers, shareholders, and employees. Just as important will be BETG's role in promoting economic development in the state. Boston Energy Technology will function as the tap root for branch companies that will develop services related to the electric utility business - demand-side management (DSM), electric transportation, and generation services. Two other subsidiary companies under the BETG umbrella already have been established. One, TravElectric Services Corp., will explore opportunities in the electric transportation field. The other, ENER-G-VISION Inc., will be devoted to DSM activities. These efforts have been endorsed by the company's partnership constituencies. In 1992, for example, the state's Department of Public Utilities allowed Boston Edison to recover a good portion of its DSM expenses and even granted the company a bonus for its program performance. Boston Edison will dedicate about 5 percent of its business efforts to subsidiary operations, up to a $45-million commitment over the next three years.
- OSTI ID:
- 5286432
- Journal Information:
- Fortnightly; (United States), Journal Name: Fortnightly; (United States)
- Country of Publication:
- United States
- Language:
- English
Similar Records
An inventory of holding companies, subsidiaries, and other companies affiliated with selected US utilities
Strategy for fossil plant life extension at Boston Edison Company's Mystic Unit 6: Volume 1, Summary of methodology: Final report