Yankee Gas Services
Yankee Gas Services is a Connecticut regulated natural gas distribution utility and wholly-owned subsidiary of Eversource Energy. It delivers natural gas to residential and commercial customers through exclusive franchise infrastructure, with rates and revenue requirements set by the Connecticut PURA.
- Company typePrivate
- Founded2000
- HeadquartersBerlin, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Yankee Gas Services does
Yankee Gas Services Company, doing business as Eversource Energy, is a regulated natural gas distribution utility serving residential and commercial customers across Connecticut. It is a wholly-owned subsidiary of Eversource Energy (NYSE: ES), acquired in 2000 when Eversource was operating as Northeast Utilities. The company owns and operates the physical distribution infrastructure — pipelines, meters, and related network assets — that delivers natural gas to homes and businesses within its exclusive Connecticut service territory. Operations are supervised by the Connecticut Public Utilities Regulatory Authority (PURA), which sets rates, approves revenue requirements, and determines the authorized return on equity.
The company's product portfolio centers on core natural gas distribution, supported by adjacent service modules including account and billing management, outage and emergency response, energy savings programs, service start/stop/transfer for movers, and supplier choice options. Yankee Gas distributes gas through company-owned infrastructure with delivery terms and pricing fully regulated by PURA. The business model is a classic rate-regulated utility construct: revenue requirements are set through periodic rate cases, and the most recent proceeding (filed November 2024 at $209 million, amended to $193 million, ultimately approved at $87 million in a March 2026 reconsidered decision) established a 9.48% authorized Return on Equity — the highest of any regulated utility in Connecticut. The rate adjustment adds $0.75 per month to the average residential bill on top of a prior $15 increase, and the utility must deliver $40.22 million in refunds to ratepayers over three years.
The company does not market aggressively; customer acquisition is a function of regulatory franchise territory rather than competitive go-to-market. Digital channels include a mobile application for billing, outage reporting, and document upload. Yankee Gas has 501–1,000 employees and is headquartered in Berlin, Connecticut. Standalone revenue is not disclosed, and the business derives its economics from the parent Eversource portfolio, which reported $1.69 billion in full-year 2025 consolidated earnings. No AI/ML capabilities, M&A activity, partnerships, or product launches are evident in the available data.
Yankee Gas Services firmographics
Firmographics- Name
- Yankee Gas Services
- Legal name
- Yankee Gas Services Co.
- Website
- https://yankeegas.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Yankee Gas Services is a Connecticut regulated natural gas distribution utility and wholly-owned subsidiary of Eversource Energy. It delivers natural gas to residential and commercial customers through exclusive franchise infrastructure, with rates and revenue requirements set by the Connecticut PURA.
- Ownership category
- akta.pro rank
Yankee Gas Services industry classification
Industry- Product category
- Natural Gas Distribution
- NAICS
- Natural Gas Distribution (22121), Natural Gas Distribution (221210)
- SIC
- Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)
- akta.pro secondary industries
- Gas Distribution Operations (Day-to-Day Field & System Operations) (EUAJAAAB), Gas Distribution Network Operations & Dispatch (Control Centers) (TLAGADAC), Gas Mains (Distribution Pipelines) (EUAJABAA)
Keywords
Where Yankee Gas Services is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- United States
- HQ region
- North America
Markets served
Yankee Gas Services business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Natural Gas Distribution Services: Regulated utility revenue model where Yankee Gas operates as a rate-regulated natural gas distribution company. Revenue requirements are set by the Connecticut Public Utilities Regulatory Authority (PURA). The company filed for an $209 million rate increase in November 2024, which was amended to $193 million and subsequently reduced by regulators to an $87 million revenue requirement increase. The approved return on equity is 9.48%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential natural gas service rates |
Distribution channels1 record
Yankee Gas Services product offering
Product offeringCore offering
Yankee Gas Services Company, doing business as Eversource Energy, operates as a rate-regulated natural gas distribution utility delivering natural gas to residential and commercial customers across Connecticut. The company owns and operates the gas distribution pipeline network within an exclusive service territory under Connecticut Public Utilities Regulatory Authority (PURA) oversight, and provides related account management, billing, outage/emergency response, energy savings programs, and supplier choice services.
Product overview
Yankee Gas Services operates as a regulated natural gas distribution utility and subsidiary of Eversource Energy. The company provides core natural gas delivery services to residential and commercial customers, supported by account management, outage response, and energy efficiency programs. The product portfolio consists of natural gas distribution as the primary offering, supplemented by customer-facing service modules for billing, account management, outage reporting, energy savings assistance, and supplier choice options.
Differentiator
Problem solved
Functional benefit
Products and services
- Natural Gas Distribution Services Core regulated natural gas distribution and delivery service to residential and commercial customers across Connecticut through company-owned pipeline infrastructure within an exclusive service territory overseen by PURA.
Quantifiable outcome
- $0.75 per month increase to average residential bill
- +1 more outcomes
Companies that use Yankee Gas Services
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Yankee Gas Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Yankee Gas Services partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights3 records
Yankee Gas Services competitors and assessment
Company assessmentRegional players
- Unitil Corporation: Unitil operates regulated natural gas and electric distribution in New Hampshire, Massachusetts, and Maine through subsidiaries such as Northern Utilities. Comparable small/mid-cap regulated gas LDC business with similar regulatory frameworks and customer profiles in the Northeast.
- Liberty Utilities (New England): Liberty Utilities operates regulated natural gas (and electric) distribution across multiple New England states, including New Hampshire. Comparable regulated LDC model serving similar residential and small commercial customers in the broader Northeast region.
Others
- Spire Inc. A publicly traded natural gas utility holding company operating regulated LDCs in Missouri, Alabama, and Mississippi. While geographically distant, Spire is comparable as a pure-play regulated gas distribution utility with similar rate-base economics and regulatory-driven earnings model.
Broad incumbents
- Eversource Energy: Yankee Gas's publicly traded parent (NYSE: ES), the largest utility in New England operating regulated electric, natural gas, and water distribution across CT, MA, and NH. Relevant as the broad incumbent whose portfolio includes Yankee Gas.
- National Grid New England: National Grid operates regulated natural gas distribution across Massachusetts, New York, and Rhode Island, including service in adjacent New England geographies. A large incumbent peer with overlapping regulated LDC operations, similar customers, and analogous rate-case dynamics, but broader geographic and operational scope.
- Columbia Gas of Massachusetts: A subsidiary of NiSource Inc., Columbia Gas operates a regulated natural gas distribution network serving Massachusetts and surrounding states. Comparable LDC business model, residential/commercial customer base, and pipeline safety/regulatory exposure to Yankee Gas.
Direct peers
- Eversource Gas of Massachusetts: Eversource Energy's Massachusetts gas distribution subsidiary (formerly NSTAR Gas / Bay State Gas). Operates under the same parent, same regulated LDC model, and overlapping operational infrastructure as Yankee Gas, but in a different state regulatory environment.
- Connecticut Natural Gas Corporation: Another Eversource Energy subsidiary providing regulated natural gas distribution in Connecticut, sharing PURA oversight, Eversource branding, and an identical rate-regulated LDC business model. Direct sibling/peer to Yankee Gas within the same parent portfolio.
- Berkshire Gas Company: A small regulated natural gas LDC in western Massachusetts, also owned by Eversource Energy. Closely comparable to Yankee Gas in operating model, customer mix, and parent affiliation, though smaller scale.
- Southern Connecticut Gas Company: Also a regulated natural gas LDC in Connecticut, operated as a subsidiary of Eversource Energy. Serves residential and commercial customers across southern Connecticut with the same regulated distribution model, regulatory oversight (PURA), and Eversource operational backbone as Yankee Gas.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat3 records
Key highlights6 records
Customer concentration
Yankee Gas Services social profiles
Digital presenceYankee Gas Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yankee Gas Services leadership team
Management profileNumber of profiles
Yankee Gas Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yankee Gas Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yankee Gas Services
What does Yankee Gas Services do?
Yankee Gas Services Company, doing business as Eversource Energy, operates as a rate-regulated natural gas distribution utility delivering natural gas to residential and commercial customers across Connecticut. The company owns and operates the gas distribution pipeline network within an exclusive service territory under Connecticut Public Utilities Regulatory Authority (PURA) oversight, and provides related account management, billing, outage/emergency response, energy savings programs, and supplier choice services.
Is Yankee Gas Services a public or private company?
Yankee Gas Services is a private company. It is classified as corporate owned and is currently operating.
When was Yankee Gas Services founded?
Yankee Gas Services was founded in 2000. It employs 501 to 1,000 people.
Where is Yankee Gas Services based?
Yankee Gas Services is headquartered in Berlin, United States, in the North America region.
How does Yankee Gas Services make money?
One revenue line is on record: natural Gas Distribution Services.
Who are Yankee Gas Services's main competitors?
Regional players on record are Unitil Corporation and Liberty Utilities (New England). Spire Inc. is listed as an others. Broad incumbents are Eversource Energy, National Grid New England and Columbia Gas of Massachusetts. Direct peers are Eversource Gas of Massachusetts, Connecticut Natural Gas Corporation, Berkshire Gas Company and Southern Connecticut Gas Company.
Does Yankee Gas Services have an API?
No public API is recorded for Yankee Gas Services.
What industry is Yankee Gas Services in?
Yankee Gas Services's product category is Natural Gas Distribution. Its primary akta.pro industry code is TLAGADAA, Local Distribution Company (LDC) Natural Gas Distribution Utilities, with a secondary code of EUAJAAAB, Gas Distribution Operations (Day-to-Day Field & System Operations). Its NAICS code is 22121 and its SIC code is 4924.