Eversource Energy

Eversource and Dartmouth Engineering selected for U.S. Department of Energy SPARK Award to expand grid capacity and deliver customer benefits through grid-enhancing technology

Eversource and Dartmouth Engineering were selected by the DOE's Office of Electricity under its SPARK program for the DREAM initiative, which will deploy dynamic line rating technology across roughly 4,000 miles of Eversource transmission in Connecticut, Massachusetts and New Hampshire. Pending successful award negotiations, the project could represent approximately $47.7 million in funding, with work expected to begin in 2027; DREAM was one of 31 projects selected across 26 states. By unlocking additional transfer capability on existing lines, Eversource anticipates the initiative could delay certain new transmission construction and reduce congestion costs, supporting affordability for customers.

•26d ago

ISO New England selects Eversource’s joint transmission project as preferred long-term solution to enhance reliability and affordability

ISO New England selected Eversource's joint Transmission Initiative Down East (TIDE) project as the preferred longer-term transmission solution in the region's competitive solicitation, positioning Eversource for a major grid investment in northern New England. ISO-NE's analysis projects a more than 2-to-1 cost-benefit ratio, including $1.42 billion in production cost and congestion savings, $1.30 billion in avoided capital investment and $694 million in avoided transmission investment, while enabling integration of up to 1,200 megawatts of future onshore wind generation. The project still requires extensive engineering, environmental, permitting and regulatory reviews, with construction anticipated to begin in 2029 — meaning any earnings contribution is years away, but the win supports long-term rate-base growth for Eversource.

•1mo ago

Eversource named to TIME’s list of America’s Best Companies for 2026

Eversource was named to TIME's America's Best Companies for 2026, recognized for employee satisfaction, financial performance, and sustainability transparency. CEO Joe Nolan attributed the award to the dedication of over 10,300 employees focused on safe, reliable, and affordable energy service. The company serves more than 4 million customers across Connecticut, Massachusetts, and New Hampshire, and has also received recent accolades from Newsweek and USA Today.

•3mo ago

Eversource Energy Completes the Sale of Aquarion Water Company

Eversource Energy completed the $2.4 billion sale of Aquarion Water Company to Aquarion Water Authority, with approximately $1.7 billion in adjusted net equity proceeds directed to debt reduction. The company expects to recognize an after-tax non-cash charge of approximately $115 million ($0.31 per share) in Q2 2026 and revised its 2026 non-GAAP EPS guidance to $4.57-$4.72 to reflect the absence of Aquarion earnings. Eversource reiterated its 5-7% long-term EPS growth target through 2030, using the adjusted $4.65 midpoint as the base year, with growth expected toward the upper half of that range by 2028. The divestiture completes Eversource's strategic transition to a pure-play regulated electric and natural gas utility across New England.

•3mo ago