Eversource Energy’s Power Play: $7 Billion to Reinvent the Electric Grid!

Eversource Energy concluded 2024 with notable achievements, yet encountered several challenges impacting its financial and strategic positioning. The company’s year-end earnings reflected solid growth, with earnings per share (EPS) increasing by 5.3% compared to the previous year. This improvement surpassed the midpoint of its revised guidance, attributable to strong performances in electric transmission and distribution, alongside its natural gas business segments, which collectively saw improvements due to base rate increases and continued infrastructure investments. The company’s commitment to customer-focused service delivery and strengthening
of its balance sheet underlined its yearlong efforts, as evidenced by successful equity issuance and asset sales, including its planned sale of Aquarion Water.