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    Eversource Energy (ES)

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    Eversource Energy is a public utility holding company engaged in the energy delivery business through its regulated electric, gas, and water utility subsidiaries, serving residential, commercial, and industrial customers in parts of Connecticut, Massachusetts, and New Hampshire . The company is involved in the development of clean energy projects, including offshore and land-based wind farms, solar farms, energy storage facilities, and bioenergy plants . Eversource has been active in strategic initiatives, such as selling its offshore wind investments, including its interest in the Sunrise Wind project, to Ørsted . Additionally, the company is considering selling its water business to reduce equity needs and improve regulatory diversity .

    1. Electric Utility Services - Provides electricity delivery services to residential, commercial, and industrial customers in Connecticut, Massachusetts, and New Hampshire.
    2. Gas Utility Services - Supplies natural gas to customers in the regions it serves, ensuring reliable and safe energy delivery.
    3. Clean Energy Development - Engages in the development of renewable energy projects, including offshore and land-based wind farms, solar farms, energy storage facilities, and bioenergy plants.
    4. Water Utility Services - Offers water delivery services, with potential plans to sell this segment to optimize financial and regulatory strategies.
    1. Given the regulatory uncertainties in Connecticut, particularly around timely cost recovery for critical investments like the AMI program, how does Eversource plan to manage capital allocation in this jurisdiction, and are you considering further reductions in planned investments if regulatory conditions do not improve?
    2. With the approval of your electric sector modernization plan adding $600 million in distribution investments, can you clarify how you intend to fund this increased capital expenditure and what impact it may have on your balance sheet and financing requirements?
    3. Considering the sale of Aquarion is a key component of your financing plan and embedded in your FFO to debt targets and EPS growth guidance, what risks do you foresee if the sale does not close by the end of 2025 as planned, and how would this affect your financial metrics and growth trajectory?
    4. Given that the expected $500 million benefit from the South Fork tax equity investment is now anticipated to extend beyond 2026, how will this shift affect your cash flow projections and your ability to utilize other tax benefits to meet near-term financial targets?
    5. You have raised approximately $1 billion through your ATM program and issued over 15 million common shares to date; with ongoing needs to strengthen your balance sheet and improve your credit position, should investors expect further equity dilution, and how do you balance this with shareholder value considerations?
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP2002 PresentCurrent auditor