--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-055512" form_type: "8-K" ticker: "NSARO" cik: "0000013372" company_name: "NSTAR ELECTRIC CO" filed_at: "2023-05-03T23:59:59+00:00" generated_at: "2026-06-16T00:34:53.234912+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Eversource Q1 EPS $1.41, up 10% YoY; reaffirms FY23 guidance $4.25-$4.43; dividend $0.675 ## Summary - Q1 2023 diluted EPS $1.41 vs $1.28; net income $491.2M vs $443.4M. - Electric distribution earnings $165.5M (+$24.6M) on MA rate redesign; natural gas $170.3M (+$6.3M) on late-2022 rate adjustments. - Board declared $0.675/share quarterly dividend, payable June 30 to holders of record May 18. - FY2023 non-GAAP EPS guidance reaffirmed at $4.25-$4.43; long-term growth target upper half of 5-7% from $4.09 base. - Shareholders approved increase in authorized shares to 410M and 4.2M share increase in incentive plan at annual meeting. ## SEC filing metadata - accession: 0001104659-23-055512 - form_type: 8-K - ticker: NSARO - cik: 0000013372 - company_name: NSTAR ELECTRIC CO - filed_at: 2023-05-03T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 2.02, 5.02, 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/tm2314460d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-055512 - JSON: https://secwatch.observer/filing/0001104659-23-055512.json - Plain text: https://secwatch.observer/filing/0001104659-23-055512.txt ## Key facts - Executive change Jay S. Buth was appointed as Vice President, Controller and Chief Accounting Officer at NSTAR ELECTRIC CO. - Action: re-appointed - Role: Vice President, Controller and Chief Accounting Officer source text: On May 3, 2023, the Board of Trustees (the “Board”) of Eversource Energy re-appointed Jay S. Buth, Vice President, Controller and Chief Accounting Officer of the Company, as the Company’s principal accounting officer, effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm - Shareholder Votes NSTAR ELECTRIC CO shareholders approved Advisory approval of the compensation of the Company's 2022 Named Executive Officers at the 2023-05-03 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-05-03 source text: The shareholders approved, on an advisory basis, the compensation of the Company's 2022 Named Executive Officers evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm - Shareholder Votes NSTAR ELECTRIC CO shareholders approved Approval of First Amendment to the 2018 Eversource Energy Incentive Plan to authorize additional 4,200,000 common shares at the 2023-05-03 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-05-03 source text: The shareholders approved the First Amendment to the 2018 Eversource Energy Incentive Plan (the "Plan") to authorize up to an additional 4,200,000 common shares for issuance under the Plan evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm - Shareholder Votes NSTAR ELECTRIC CO shareholders approved Increase authorized common shares from 380,000,000 to 410,000,000 at the 2023-05-03 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-05-03 source text: The shareholders approved an increase to the number of Eversource Energy common shares authorized for issuance by the Board in accordance with Section 19 of the Eversource Energy Declaration of Trust by 30,000,000 common shares, from 380,000,000 authorized common shares to 410,000,000 authorized common shares evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm - Shareholder Votes NSTAR ELECTRIC CO shareholders approved Election of 11 trustees for a one-year term at the 2023-05-03 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-03 source text: The shareholders elected each of the 11 nominees to the Board of Trustees for a one-year term by a majority of the outstanding common shares evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm - Shareholder Votes NSTAR ELECTRIC CO shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for 2023 at the 2023-05-03 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-03 source text: The shareholders ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm - Shareholder Votes NSTAR ELECTRIC CO shareholders approved Advisory resolution on the frequency of shareholder votes on executive compensation at the 2023-05-03 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-05-03 source text: The shareholders voted for "1 year" on an advisory resolution on the frequency of shareholder votes on executive compensation evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465923055512/0001104659-23-055512-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.