---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-055901"
form_type: "8-K"
ticker: "NSARO"
cik: "0000013372"
company_name: "NSTAR ELECTRIC CO"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:30:08.334119+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eversource Q1 EPS $1.28 beats year-ago $1.06; initiates strategic review of offshore wind JV with Ørsted

## Summary
- Q1 2022 net income $443.4M ($1.28 EPS) vs $366.1M ($1.06 EPS) in Q1 2021.
- Reaffirms 2022 non-GAAP EPS guidance $4.00-$4.17; dividend $0.6375/share payable June 30.
- Initiates strategic review of 50% offshore wind JV with Ørsted; potential sale of all or part.
- CFO transition: Philip Lembo retiring; John Moreira elected EVP, CFO, Treasurer effective May 4.
- Shareholders re-elected all 12 trustees and ratified Deloitte as auditor for 2022.

## SEC filing metadata
- accession: 0001104659-22-055901
- form_type: 8-K
- ticker: NSARO
- cik: 0000013372
- company_name: NSTAR ELECTRIC CO
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13372/000110465922055901/0001104659-22-055901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13372/000110465922055901/tm2214420d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-055901
- JSON: https://secwatch.observer/filing/0001104659-22-055901.json
- Plain text: https://secwatch.observer/filing/0001104659-22-055901.txt

## Key facts
- Executive change
  Philip J. Lembo retired as Executive Vice President and Chief Financial Officer at NSTAR ELECTRIC CO.
  - Action: retired
  - Role: Executive Vice President and Chief Financial Officer
  source text: On May 4, 2022, the Company announced that Philip J. Lembo is retiring as Executive Vice President and Chief Financial Officer as part of the Company’s leadership succession plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465922055901/0001104659-22-055901-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.