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Following energy issues in the state of Connecticut and beyond.

Thursday, February 19, 2015

New Ticker Symbol Replaces The Old NU

The last remaining vestige of Northeast Utilities disappears with Thursday morning's opening of the New York Stock Exchange.

The Northeast Utilities name, along with the monikers of its electric and natural gas subsidiaries in Connecticut, Massachusetts and New Hampshire disappeared on Feb. 2nd with the company's multi-million dollar re branding as Eversource Energy. The stock of Eversource Energy continued to trade under the NU symbol through the close of trading on Wednesday.

Now, the NU ticker symbol heads off into fog of history with the arrival of Eversource Energy's ES listing on the New York Stock Exchange.

In what should probably be considered the corporate equivalent of a NASCAR victory lap, Tom May, the chairman, president and chief executive officer of Eversource Energy will ring the opening bell at the New York Stock Exchange Thursday.

Eversource Energy has a market capitalization of more than $16 billion, which is based upon the market value of the company's shares. It is calculated by taking the stock price and multiplying it by the total number of shares outstanding. 

Eversource has assets of nearly $30 billion and 317 million shares outstanding. The company has more 8,000 employees and serves more than 3.6 million electric and natural gas customers across the three states it serves

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