Article: BUSINESS IN BRIEF.(Business)

NEES cuts rates to get approval

New England Electric System yesterday agreed to cut rates in Rhode Island by $100 million over four years to win regulatory approval there of its $1.03 billion acquisition of Eastern Utilities Associates.

The two companies have subsidiaries in Rhode Island. - HERALD STAFF

IPO nets 7% gain

Shares of HealthGate Data Corp., a Burlington Web site for medical and health information, registered only a modest 7 percent gain yesterday on its first day of trading.

HealthGate's stock price closed the day at $11.75 a share, up only 75 cents from its initial sale price. The company, which raised $41.25 ...

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