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Northeast Utilities Stays Ahead of the FASB-IASB Pronouncement with PowerPlan’s Lease Solution

Atlanta, GA (May 16, 2013) Northeast Utilities, an existing PowerPlan client, adds the Lease module to their suite. The added module will provide a complete lifecycle accounting tool for capital and operating leases. With the new solution in place, NU will increase their insight and controllership with a central repository for a compliant and certain leasing future. 

About Northeast Utilities:
Northeast Utilities Service Company offers centralized accounting, financial, legal, operational, information technology, engineering, planning, and purchasing services to Northeast Utilities and its subsidiaries. The company was incorporated in 1965 and is based in Berlin, Connecticut. Northeast Utilities Service Company operates as a subsidiary of Northeast Utilities. Northeast Utilities, a public utility company, through its subsidiaries, engages in the energy delivery business. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Other. The company engages in the generation, purchase, delivery, wholesale transmission, and sale of electricity to residential, commercial, and industrial customers; and distribution of natural gas to residential, commercial, and industrial customers. It serves electric and natural gas customers in Connecticut, Massachusetts, and New Hampshire. The company was founded in 1927 and is based in Springfield, Massachusetts.

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email or visit

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For more information contact:
Tiffany Smith


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