Narragansett Electric Co history

In 1942, the Securities and Exchange Commission (SEC) ordered NEPA to simplify its corporate structure.

PHENIX NATIONAL BANK. Narragansett Electric Company. [Providence,]: , 1945.

The main change in its retail operations involved the merger of a number of small electric companies to form the Massachusetts Electric Company in 1961.

Late in 1979, NEES canceled plans for the Charlestown plant.

In 1983 NEES announced that it wanted to sell its 10% interest in Seabrook 2 but to retain its interest in Seabrook 1, then 70% complete.

In 1985 Samuel Huntington, who had succeeded Guy Nichols as chief executive officer, announced further measures to provide an adequate supply of electricity at the lowest possible cost and to encourage customers to use electricity efficiently and economically.

The Seabrook 1 nuclear plant was completed in late 1986, but the Chernobyl accident in April of that year led the Nuclear Regulatory Commission to refuse to license the plant for commercial operation until emergency response measures were in place.

In addition, in 1988 it formed the Narragansett Energy Resources Company to take a 20% interest in Ocean State Power, a general partnership established to build, own, and operate a gas-fired electric power plant in Burrillville, Rhode Island.