secwatch.observer — SEC 8-K summary
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Issuer:     EVERSOURCE ENERGY (ES)
CIK:        0000072741
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001104659-25-006447
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eversource to sell Aquarion Water for ~$2.4B; expects ~$300M loss in Q4 2024
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- Enterprise value of $2.4B: $1.6B cash + $800M net debt extinguished at close.
- Sale to Aquarion Water Authority, a CT quasi-public water authority; expected close late 2025.
- Eversource expects ~$300M loss on sale in Q4 2024, including ~$140M income tax expense.
- Proceeds to pay down parent debt and reinvest in core electric and natural gas businesses.
- Long-term EPS growth target of 5% to 7% through 2028 reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72741/000110465925006447/0001104659-25-006447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72741/000110465925006447/tm254636d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-006447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer