---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-022555"
form_type: "8-K"
ticker: "ES"
cik: "0000072741"
company_name: "EVERSOURCE ENERGY"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:49:17.817344+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Eversource to sell 50% stake in South Fork & Revolution Wind to GIP for ~$1.1B

## Summary
- ~$1.1B cash proceeds at closing expected mid-2024; proceeds to repay parent debt.
- 132-MW South Fork Wind & 704-MW Revolution Wind; retains tax equity in South Fork, will contractor for Revolution onshore.
- Shares first ~$240M of Revolution Wind cap-ex overruns equally with GIP; bears 100% of overruns above cap.
- Requires FERC, NY PSC, antitrust approvals; other conditions including credit rating above BBB-/Baa3.
- Separate agreement to sell 50% of Sunrise Wind to Ørsted for undisclosed amount, contingent on NY RFP award.

## SEC filing metadata
- accession: 0001104659-24-022555
- form_type: 8-K
- ticker: ES
- cik: 0000072741
- company_name: EVERSOURCE ENERGY
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72741/000110465924022555/0001104659-24-022555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72741/000110465924022555/tm246024d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-022555
- JSON: https://secwatch.observer/filing/0001104659-24-022555.json
- Plain text: https://secwatch.observer/filing/0001104659-24-022555.txt

## Key facts
- Material Agreements
  EVERSOURCE ENERGY entered into Membership Interest Purchase Agreement with GIP IV Whale Fund Holdings, L.P. valued at $1.1 billion (effective 2024-02-13).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: GIP IV Whale Fund Holdings, L.P.
  - Value: $1.1 billion
  - Effective: 2024-02-13
  source text: On February 13, 2024, Eversource Energy (the “Company”) and Eversource Investment LLC, an indirect subsidiary of the Company (“Eversource Investment,” and together with the Company, “Eversource”), entered into a membership interest purchase agreement (the “Purchase Agreement”) with GIP IV Whale Fund Holdings, L.P., an entity managed by an affiliate of Global Infrastructure Management, LLC and its affiliates (“Buyer”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/72741/000110465924022555/0001104659-24-022555-index.htm

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