Northeast Utilities System (NYSE:NU)

CAPS Rating: 3 out of 5

Engaged in the energy delivery business, providing franchised retail electric service through three of its wholly-owned subsidiaries; The Connecticut Light & Power Company, Public Service Company of New Hampshire & Western Massachusetts Electric Company.

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Player Avatar TMFJLo (91.25) Submitted: 11/8/2012 3:40:15 PM : Outperform Start Price: $36.81 NU Score: -4.72

Over the next 10 years, Northeast estimates that it will gain around $780 million from merger savings. Short-term investors worry over short-term concessions, but the value of a larger and stronger utility is already showing itself in the company's ability to effectively respond to the devastating effects of Hurricane Sandy, and it won't stop there.
Read my full bullish take here: http://www.fool.com/investing/general/2012/11/02/1-devastated-utility-worth-buying.aspx

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