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Utilities made further progress restoring power to areas affected by the weekend's winter storm in the Northeast, with more than half of affected customers back on the grid by Sunday afternoon, the U.S. Department of Energy said.About 322,000 customers in eight states remained without power as of 2 p.m. EST Sunday, the department said, down from a peak of nearly 670,000.Massachusetts remained the worst-hit state in terms of the number of outages, with about 238,000--or 8% of customers--still without electricity. The figure is a decline from the more than 400,000 without power at the peak out of the outages.Massachusetts utility NSTAR said customers in Southeastern Massachusetts and Cape Cod were the hardest hit by the storm. In some regions in the state, more than 90% of customers were without power, NSTAR said. The utility has reported that restoration could take multiple days in some locations, the DOE said.Rhode Island had the highest percentage of customers affected, with about 63,...
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Northeast Utilities (NYSE:NU) will buy peer NSTAR (NYSE:NST) in a $9.5 billion all-stock deal to create one of the largest U.S. utilities, the companies said on Mond...
More than 660,000 homes and businesses in New England were without electricity Saturday following a blizzard that brought more than two feet of snow and caused a pow...
Massachusetts regulators have fined National Grid PLC (NG.LN, NGG) $18.7 million for its response to power outages from Tropical Storm Irene and an October 2011 snow...
A snowstorm brought a fresh round of power outages to the Northeast, hampering efforts by utilities in New York, New Jersey and other states in the region to restore...
Financial firms Lazard Ltd. (LAZ) and Evercore Partners Inc. (EVR) notched strong advisory revenue gains in the second quarter, even as the overall mergers and acqui...
Lazard Ltd.'s (LAZ) second-quarter profit dropped 50% from the same period last year to $30.8 million, as lower revenue from restructuring work and asset-management ...
BANGALORE (Reuters) - Power company Exelon Corp <EXC.N> is to buy rival Constellation Energy Group <CEG.N> for $7.9 billion, the latest in a series of deals in a fra...
Power company Exelon Corp (NYSE:EXC) is to buy rival Constellation Energy Group (NYSE:CEG) for $7.9 billion, the latest in a series of deals in a fragmented U.S. uti...