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Yankee Gas Services Company
P.O. Box 270
Hartford, CT 06141-0270
(800) 989-0900

News Release
Yankee Gas Bargaining Unit Employees Agree to New Four Year Contract  
MEDIA CONTACT:Sandy St. Pierre
Office:(203) 639-4423
After Hours:(860) 279-1173
MERIDEN, Conn., December 21, 2001 (NYSE: NU) – Yankee Gas Services Company, part of the Northeast Utilities system, and the International Brotherhood of Electric Workers (IBEW), Locals 420 and 457, have agreed to a new four year contract retroactive to December 1, 2001. The two bargaining unit locals represent 212 Yankee Gas employees, including AMR drivers, service mechanics, welders, distribution mechanics and clerical employees. The contract was ratified on Thursday.

“This agreement is a win-win for both the Company and our employees,” said Dennis E. Welch, president and COO of Yankee Gas. “With this new contract, our employees will receive enhanced benefits while at the same time there are provisions to improve the Company’s operational efficiency and, in the end, provide better service to our customers.”
Yankee Energy System, Inc.,(YES) which is part of the Northeast Utilities system, includes Yankee Gas Services Company, the largest natural gas distribution company in Connecticut serving approximately 187,000 customers in 69 cities and towns throughout the state. Yankee Energy also includes Yankee Energy Financial Services Company, which provides a full range of residential and commercial energy equipment financing options. Further information about YES can be obtained from its Web sites: www.yankeeenergy.com, www.yankeegas.com and www.yankeefinancialservices.com.

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