Highest-materiality recent filing
Eversource completes $2.4B sale of Aquarion Water Company; revises 2026 guidance
Total purchase price $2.4B cash; adjusted net equity proceeds ~$1.7B to displace debt.
Eversource Energy issues $1.5B in junior subordinated notes due 2056
Issued $750M Series A and $750M Series B Junior Subordinated Notes, both due 2056.
Eversource elects Robert Mudge to Board of Trustees effective Jan. 1, 2026
New trustee Warren Robert Mudge elected; appointed to Audit and Finance/Risk Management Committees.
PURA rejects Eversource's Aquarion Water sale; company reaffirms FY2025 EPS guidance
PURA rejected proposed sale of Aquarion Water Company to South Central Connecticut Regional Water Authority.
Eversource issues $600M of 4.45% Senior Notes due 2030
$600M aggregate principal amount of 4.45% Senior Notes, Series HH, due 2030.
Eversource boosts offshore wind liability by $285M; sees $75M Q3 charge; narrows 2025 EPS guidance
Revises offshore wind contingent liability up ~$285M; net after-tax charge ~$75M ($0.20/sh) in Q3 2025, offset by ~$210M federal tax benefit.
Eversource launches at-the-market equity offering of up to $1.2B
Agreement with 12 banks including Barclays, Goldman Sachs, J.P. Morgan, and Wells Fargo.
Eversource to sell Aquarion Water for ~$2.4B; expects ~$300M loss in Q4 2024
Enterprise value of $2.4B: $1.6B cash + $800M net debt extinguished at close.
Eversource adds cash balance pension plan to executive retirement program, effective Jan 1, 2025
Compensation Committee approved amendment to Supplemental Executive Retirement Program to include a new Supplemental Cash Balance Pension Plan, effective January 1, 2025.
Eversource completes offshore wind exit; sale proceeds $745M, expects Q3 $520M net loss
Sale of 50% stake in South Fork Wind (132 MW) and Revolution Wind (704 MW) to GIP for adjusted gross proceeds of $745M.
Eversource issues $1.4B in senior notes: $700M 5.85% due 2031, $700M 5.95% due 2034
Issued $700M of 5.85% Senior Notes due 2031 (Series FF) and $700M of 5.95% Senior Notes due 2034 (Series GG).
Eversource's Sunrise Wind wins NY4 solicitation; sale of 50% stake to Ørsted on track
Sunrise Wind selected by New York in latest offshore wind solicitation (NY4); largest US offshore wind farm planned for 2026.
Eversource to sell 50% stake in South Fork & Revolution Wind to GIP for ~$1.1B
~$1.1B cash proceeds at closing expected mid-2024; proceeds to repay parent debt.
Sunrise Wind would deliver up to 924 MW of clean energy; expected completion in 2026.
Ørsted to acquire Eversource's 50% stake in Sunrise Wind (924 MW) contingent on NY 4 award
Ørsted signs agreement to buy Eversource's 50% share of Sunrise Wind (924 MW offshore wind farm for New York).
Eversource issues $1B in senior notes ($350M 5.00% due 2027, $650M 5.50% due 2034)
Issued $350M of 5.00% Senior Notes Series DD due 2027.
Eversource expects $1.4-1.6B impairment on offshore wind interests; exclusive sale talks advanced
After-tax impairment charge of $1.4B-$1.6B expected in Q4 2023 for offshore wind investments.
Eversource names Susan Sgroi as EVP HR & IT, succeeding retiring Chris Carmody
Christine Carmody retiring as EVP HR&IT after 27 years; remains Senior Strategic Advisor through July 2024.
New CIC severance: CEO gets 2.99x base+target; Senior Team gets 2.00x; equity acceleration and healthcare included.
Eversource Energy issues $800M of 5.95% Senior Notes due 2029
Issued $800M aggregate principal of 5.95% Senior Notes, Series CC, maturing in 2029.
Eversource elects Paul Chodak as EVP & COO effective Nov 13, 2023
Paul Chodak III named EVP & COO, succeeding James W. Hunt III, who becomes EVP-Corporate Relations and Sustainability.
Eversource closes $625M offshore lease sale to Ørsted; enters tax equity deal for South Fork Wind
Closed sale of ~175,000-acre offshore lease area to Ørsted for $625M all-cash; initial $575M received at closing.
Eversource appoints Daniel Nova to Board of Trustees effective June 1, 2023
Daniel J. Nova elected to Board of Trustees, effective June 1, 2023; term until 2024 Annual Meeting.
Eversource sells offshore lease interest to Ørsted for $625M; expects $220M-$280M impairment
Agreed to sell 50% interest in 175,000-acre uncommitted lease area to Ørsted for $625M cash; close expected Q3 2023.
Eversource Energy issues $1.8B of senior notes in three tranches
Issued $550M of 5.45% Series Z Senior Notes due 2028, total outstanding now $1.3B.
Eversource COO Schweiger retiring; James Hunt named interim COO
Werner Schweiger to retire as COO effective July 1, 2023, after 9 years in the role.
Eversource Energy issues $750M of 5.45% Senior Notes due 2028
Issued $750M aggregate principal of 5.45% Senior Notes, Series Z, due March 1, 2028.
Eversource elects Loretta Keane to Board of Trustees effective Jan 1, 2023
Loretta Keane elected to Board, effective Jan 1, 2023, as Vice Chair of Audit Committee and Finance Committee member.
James J. Judge to Retire as Executive Chairman; Joseph R. Nolan Jr. to Succeed as Chairman
James J. Judge, Executive Chairman, will retire from the board effective December 31, 2022.
Eversource Energy issues $1.5B in senior notes: $900M 4.20% due 2024, $600M 4.60% due 2027
Issued $900M of 4.20% Senior Notes (Series X) due 2024 and $600M of 4.60% Senior Notes (Series Y) due 2027.
Eversource Energy announces $1.2B at-the-market equity offering program
Up to $1.2B of common shares may be sold at prevailing market prices via ATM program; six banks act as managers.
Eversource issues $1.3B in senior notes: $650M 2.90% 2027 and $650M 3.375% 2032
$650M of 2.90% Senior Notes Series V due 2027 issued Feb 25, 2022.
Eversource issues $650M in senior notes: $350M floating rate due 2023, $300M 1.40% due 2026
Issued $350M floating rate notes (Series T) due August 2023; interest payable quarterly.
Ms. Sgroi will succeed Christine M. Carmody, who is retiring as Executive Vice President-Human Resources and Information Technology, also effective January 8, 2024.
the Board of Trustees of the Company elected Susan Sgroi as Executive Vice President-Human Resources and Information Technology of the Company, effective January 8, 2024.
Mr. Chodak will succeed James W. Hunt, III, currently the Company’s Executive Vice President and Chief Operating Officer (principal operating officer on an interim basis), who was re-elected by the Board of Trustees of the Company as Executive Vice President-Corporate Relations and Sustainability, also effective November 13, 2023.
On September 18, 2023, Eversource Energy (the “Company”) announced that on September 14, 2023, the Board of Trustees of the Company elected Paul Chodak III as Executive Vice President and Chief Operating Officer (principal operating officer) of the Company, effective November 13, 2023.
Daniel J. Nova was elected to serve as a Trustee, effective June 1, 2023.
Effective upon Mr. Schweiger’s resignation, James W. Hunt, III, the Company’s Executive Vice President-Corporate Relations and Sustainability and Secretary, will serve as Chief Operating Officer on an interim basis.
Eversource Energy (the “Company”) announced that Werner J. Schweiger, the Company’s Executive Vice President and Chief Operating Officer, advised the Company of his intention to retire effective July 1, 2023.
On December 6, 2022, at a meeting of the Board of Trustees (the “Board”) of Eversource Energy (the “Company”), the Board elected Loretta D. Keane to serve as a Trustee, effective January 1, 2023.
James J. Judge, Executive Chairman of the Board of Trustees, will retire as Executive Chairman of the Board and as a Trustee, effective as of December 31, 2022.
The Board elected Joseph R. Nolan, Jr., President and Chief Executive Officer and a Trustee, as Chairman of the Board of Trustees and also appointed Mr. Nolan as Chair of the Executive Committee of the Board, effective as of December 31, 2022.
The Board appointed John M. Moreira, currently Executive Vice President, Chief Financial Officer and Treasurer of the Company, to serve as the principal accounting officer on an interim basis.
Max materiality 0.85 · Median 0.60 · Most common event debt