NSTAR to Merge with Northeast Utilities
Ropes & Gray is representing NSTAR, which announced on October 18 that it has reached a definitive merger agreement with Northeast Utilities, creating one of the nation's largest utilities, with a total enterprise value of $17.5 billion. The combined electric and gas utility, which will be called Northeast Utilities, will serve several million customers in the Northeast. Ropes & Gray has been representing NSTAR and its predecessor company, Boston Edison Company, for more than 20 years.
The Ropes & Gray deal team was led by Boston-based corporate partner David A. Fine, and included corporate associate Rachel Phillips; tax & benefits partners Jonathan Zorn and Eric Elfman, counsel Sharon Remmer and associates Malik Lewis and Aaron Harsh; environmental and real estate partners Peter Alpert and Coke Cherney; and labor & employment partner David Mandel.