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Since we announced in March 2005 that we intended to exit from the wholesale energy marketing and energy services businesses of our subsidiary NU Enterprises, and our announcement in November 2005 that we would exit from the retail energy marketing and competitive generation businesses of NU Enterprises as well, we have made substantial progress towards our goal of exiting such businesses and focusing exclusively on our regulated business.  An overview of this progress follows:

Competitive Generation .  On November 1, 2006, we closed on the sale of NU Enterprises' 100% ownership in Northeast Generation Company (NGC), and of Holyoke Water Power...