secwatch.observer — SEC 8-K summary
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Issuer:     EVERSOURCE ENERGY (ES)
CIK:        0000072741
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001104659-24-006744
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eversource and Ørsted re-bid Sunrise Wind (924 MW) for NY; Ørsted to buy Eversource's 50% stake if awarded
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- Sunrise Wind would deliver up to 924 MW of clean energy; expected completion in 2026.
- If awarded contract, Ørsted acquires Eversource's 50% share; Eversource leads onshore construction.
- Purchase price paid 50% at closing, 50% after onshore completion and milestones achieved.
- If not selected, existing contract cancelled; 50/50 joint venture remains in place.
- Project secured all major supplier and labor agreements; final federal permits expected summer 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72741/000110465924006744/0001104659-24-006744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72741/000110465924006744/tm244157d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-006744

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