Published : Dec-2017
No. of Pages : 179
Table of Contents 2
List of Tables 8
Company Snapshot 9
Key Information 9
Company Overview 9
SWOT Snapshot 9
Operational Metrics 10
Eversource Energy, Operational Metrics, By Transmission 10
Eversource Energy, Operational Metrics, By Segmental Information 10
Eversource Energy, Operational Metrics, By Sales 10
Eversource Energy, Wind Farms 11
Eversource Energy, Wind Farms, United States 11
Eversource Energy, Solar PV Parks 13
Eversource Energy, Solar PV Parks, United States 13
Eversource Energy, Hydro Power Plants 16
Eversource Energy, Hydro Power Plants, United States 16
Eversource Energy, Biopower Plants 17
Eversource Energy, Biopower Plants, United States 17
Eversource Energy, Thermal Power Plants 18
Eversource Energy, Thermal Power Plants, United States 18
Eversource Energy, Commercial Reactors 19
Eversource Energy, Commercial Reactors, United States 19
Business Description 20
Business Overview 20
Major Products and Services 21
History 22
SWOT Analysis 26
Overview 26
Eversource Energy Strengths 26
Cost Efficiency 26
Business Performance: Natural Gas Distribution 26
Business Performance: Electricity Supply 26
Eversource Energy Weaknesses 27
Working Capital Deficit 27
Eversource Energy Opportunities 27
Growth in Demand for Electricity: the US 27
Government Initiatives: Massachusetts 27
Support for Electric Vehicles: Massachusetts 27
Eversource Energy Threats 27
Seasonal Variations and Climatic Conditions 27
Transmission and Distribution Network Safety 28
Financial Ratios - Capital Market Ratios 29
Financial Ratios - Annual Ratios 29
Financial Ratios - Interim Ratios 31
Key Employees 32
Key Employee Biographies 33
Company Statement 34
Locations And Subsidiaries 36
Head Office 36
Other Locations & Subsidiaries 36
Financial Deals Landscape 38
Eversource Energy, Deals Summary 38
Eversource Energy, Power, Deal Details 39
Asset Transactions 39
Eversource Energy Acquires 50% Interest in Bay State Offshore Wind Farm in Massachusetts, US from Dong Energy 39
WMECo Invests US$12 Million In Solar Power Project In New England, UK 40
Western Massachusetts Electric To Invest US$22 Million For Springfield Solar Photovoltaic Power Plant In Massachusetts, U.S. 41
Merger 42
NSTAR Completes Merger With Northeast Utilities 42
Debt Offering 44
Eversource Energy Raises Additional USD450 Million in Public Offering of 2.75% Series K Notes Due 2022 44
Eversource Energy Raises USD450 Million in Public Offering of 2.9% Series L Notes Due 2024 46
NSTAR Electric Raises USD350 Million in Public Offering of 3.2% Bonds Due 2027 48
Eversource Energy Prices Public Offering of 2.75% Series K Notes Due 2022 for USD300 Million 49
Connecticut Light and Power Raises Additional USD50 Million in Public Offering of 4.15% Bonds Due 2045 51
NSTAR Electric Raises USD250 Million in Public Offering of 3.25% Debentures Due 2025 53
Connecticut Light and Power Raises USD250 Million in Public Offering of 4.3% Bonds Due 2044 54
NSTAR Electric Raises USD300 Million in Public Offering of 4.4% Debentures Due 2044 56
Public Service Company of New Hampshire Completes Public Offering Of 3.5% Series S Bonds Due 2023 For US$250 Million 58
NSTAR Electric Raises USD200 Million in Public Offering of Debentures Due 2016 59
Northeast Utilities Completes Public Offering Of 1.45% Notes Due 2018 For US$300 Million 60
Northeast Utilities Completes Public Offering Of 2.8% Notes Due 2023 For US$450 Million 62
Connecticut Light and Power Raises USD400 Million in Public Offering of 2.5% Bonds Due 2023 64
NSTAR Electric Completes Public Offering Of 2.375% Notes Due 2022 For US$400 Million 66
Western Massachusetts Electric Completes Public Offering Of 3.5% Notes Due 2021 For US$150 Million 68
Northeast Utilities Completes Public Offering Of Senior Notes Due 2013 For US$300 Million 69
Western Massachusetts Electric Completes Public Offering Of 3.5% Series F Senior Notes Due 2021 For US$100 Million 70
Asset Transactions 71
Hull Street Energy to Acquire Nine Hydro Power Plants in New Hampshire, US from Eversource Energy for USD83 Million 71
Granite Shore Power to Acquire Three Fossil Generation Facilities in New Hampshire, US from Eversource Energy for USD175 Million 73
Recent Developments 74
Eversource Energy - Recent Developments 74
May 21, 2009: Northeast Utilities And NSTAR Receives Approval From FERC On Proposed Quebec / New England Energy Project 74
Dec 15, 2008: Northeast Utilities, NSTAR Seek Permission For HVDC Line From Quebec To New England 74
Dec 14, 2016: DONG Energy Wind Power U.S. Inc. and Eversource Announce Partnership to Make Large-Scale Offshore Wind a Reality in the United States 75
Apr 21, 2016: Opower Expands Energy Efficiency and Customer Engagement Programs with Eversource 76
Aug 31, 2015: Hydro-Quebec and Eversource Energy: Partnering to Help Solve New England's Energy Challenges 76
May 04, 2015: General Dynamics Teams with Eversource Energy to Reduce Energy Consumption at Pittsfield Facility 76
Jan 07, 2015: NStar and National Grid cancel PPAs for Cape wind farm 77
Dec 08, 2014: Spectra Energy And Northeast Utilities Form Alliance With Iroquois Gas Transmission For Access Northeast Project 77
May 03, 2011: CL&P Announces EV Research Study 78
Oct 22, 2009: Northeast Utilities To Support Electric Vehicles, Charging Stations 78
Aug 06, 2009: Northeast Utilities Seeks To Build Technology-Enabling Platform Across Three States 79
Nov 01, 2017: Eversource Energy Reports Third Quarter 2017 Results 79
Jul 27, 2017: Eversource Energy Reports Second Quarter 2017 Results 80
Feb 21, 2017: Eversource Energy Reports Full Year 2016 Results 81
Nov 01, 2016: Eversource Energy Reports Third Quarter 2016 Results 81
Jul 28, 2016: Eversource Energy Reports Second Quarter 2016 Results 82
May 04, 2016: Eversource Energy Reports First Quarter 2016 Results 83
Feb 04, 2016: Eversource Energy Reports Full Year 2015 Results 83
Nov 02, 2015: Eversource Energy Reports Third Quarter 2015 Results 84
Jul 30, 2015: Eversource Energy Reports Second Quarter 2015 Results 85
Apr 29, 2015: Eversource Energy Reports First Quarter 2015 Results 86
Feb 11, 2015: Eversource Energy Reports Year-End 2014 Results 87
Feb 03, 2015: Eversource Energy Raises Common Dividend By 6.4% 88
Dec 03, 2014: Northeast Utilities Declares Common Dividend 88
Nov 06, 2014: NU Reports Third Quarter Results 88
Sep 02, 2014: Northeast Utilities Declares Common Dividend 90
Jul 31, 2014: NU Reports Second Quarter Results 90
May 01, 2014: NU Reports First Quarter 2014 Results 91
Feb 06, 2014: NU Reports Year-End 2013 Results 92
Feb 04, 2014: Northeast Utilities Raises Common Dividend By 6.8% 94
Dec 03, 2013: Northeast Utilities Declares Common Dividend 94
Oct 31, 2013: NU Reports Third Quarter Results 94
Oct 23, 2013: Northeast Utilities to Discuss Third Quarter Results 95
Sep 04, 2013: Northeast Utilities Declares Common Dividend 95
Jul 29, 2013: NU Reports Second Quarter Results 96
May 01, 2013: Northeast Utilities Reports Revenue Of $2 Billion In Q1 2013 97
Apr 02, 2013: Northeast Utilities Declares Common Dividend 98
Feb 19, 2013: Northeast Utilities Reports Revenue Of $6.3 Billion In 2012 98
Feb 05, 2013: Northeast Utilities Raises Common Dividend 99
Nov 01, 2012: Northeast Utilities Reports Revenue Of $1.9 Billion In Q3 2012 100
Jul 30, 2012: Northeast Utilities Reports Revenue Of $1.6 Billion In Q2 2012 101
May 02, 2012: Northeast Utilities Reports Revenue Of $1.1 Billion In Q1 2012 103
Feb 23, 2012: Northeast Utilities Reports Revenue Of $4.5 Billion In 2011 103
Nov 04, 2011: Northeast Utilities Reports Revenues Of $1.1 Billion In Q3 2011 105
Aug 02, 2011: Northeast Utilities Reports Operating Revenue Of $1 Billion In Q2 2011 105
May 05, 2011: Northeast Utilities Reports Operating Revenue Of $1.2 Billion In Q1 2011 106
Feb 24, 2011: Northeast Utilities Reports Net Income Of $394.1m In 2010 107
Oct 29, 2010: Northeast Utilities Reports Net Income Of $101.93 Million For Q3 2010 108
Aug 03, 2010: Northeast Utilities Reports Operating Revenues Of $1.11 Billion In Q2 2010 109
May 05, 2010: Northeast Utilities Reports Net Income Of $87.6 Million In Q1 2010 109
Feb 23, 2010: Northeast Utilities Reports Net Income Of $335.6 Million In 2009 111
Nov 02, 2009: Northeast Utilities Reports Net Income Of $66.2 Million In Q3 2009 112
Aug 04, 2009: Northeast Utilities Reports Net Income Of $84.2 Million In Q2 2009 114
Apr 29, 2009: Northeast Utilities Reports Net Income Of $99 Million In Q1 2009 115
Feb 17, 2009: Northeast Utilities Reports 2008 Results 116
Feb 10, 2009: Northeast Utilities Declares Quarterly Dividend 118
Nov 10, 2008: Northeast Utilities Reports 3Q 2008 Results 118
Oct 14, 2008: Northeast Utilities Declares Quarterly Dividend 120
Aug 01, 2008: Northeast Utilities Declares 2Q 2008 Results 120
May 13, 2008: Northeast Utilities Declares Common Dividend 121
May 01, 2008: Northeast Utilities Declares Q1 2008 Results 121
Apr 08, 2008: Northeast Utilities Declares Quarterly Dividend 123
Feb 20, 2008: Northeast Utilities Declares Q4 2007 Results 123
Feb 12, 2008: Northeast Utilities Declares Quarterly Dividend 125
Nov 13, 2007: Northeast Utilities Declares Quarterly Dividend 125
Nov 05, 2007: Northeast Utilities Declares Q3 2007 Results 125
Nov 05, 2007: NU Reports Q3 2007 Results 127
Nov 05, 2007: NU Updates On 2007 And 2008 Earnings Guidance 128
Aug 02, 2007: Northeast Utilities Declares Q2 2007 Results 128
May 08, 2007: Northeast Utilities Declares Quarterly Dividend 130
Apr 26, 2007: Northeast Utilities Declares Q1 2007 Results 130
Apr 10, 2007: Northeast Utilities Declares Quarterly Dividend 132
Feb 19, 2007: Northeast Utilities Declares Q4 2006 Results 132
Feb 13, 2007: Northeast Utilities Declares Quarterly Dividend 133
Dec 20, 2017: Bay State Wind submits bid to build Massachusetts' first offshore wind farm 133
Dec 07, 2017: Eversource Energy appoints John Kim to board of trustees 134
Dec 06, 2017: Central Maine Power Clean Energy RFP Transmission Proposal Will Save Bay State Ratepayers More Than $600 Million in Construction Costs over Competing Proposals 135
Nov 28, 2017: Bay State opens public doors 135
Nov 16, 2017: U.S. Department of Energy Approves Presidential Permit for Northern Pass 135
Nov 15, 2017: Three New Community-Shared Solar Projects Launch in Massachusetts 137
Oct 25, 2017: Massachusetts Regulators To Review Allegations Eversource, Avangrid Constrained Pipelines 137
Oct 24, 2017: Massachusetts Clean Energy Center Announces Port Assessment for Offshore Wind Industry in Massachusetts 138
Oct 20, 2017: Eversource Continues Gas Line Installation Project After Finishing Work At Busy Wallingford Intersection 139
Oct 11, 2017: Eversource, Avangrid Artificially Constrained Gas Pipeline Capacity For Years, Report Argues 139
Oct 04, 2017: HSGS Selected to Install Solar for U.S. Coast Guard Academy 139
Aug 28, 2017: Eversource Begins Natural Gas System Upgrade Project in Norwalk 139
Aug 16, 2017: New Boston Upgrades Will Strengthen Energy System 140
Aug 15, 2017: Eversource Linking Gas Lines In Cheshire 140
Aug 08, 2017: New, Convenient Two-way Texting Option Now Available For Eversource Customers 140
Aug 05, 2017: Green power companies bid to bring alternative power to US state Massachusetts 140
Jul 27, 2017: Hydro-Quebec offers large-scale energy options to Massachusetts 141
Jul 27, 2017: Utilities Shelve Gas Pipeline, LNG Storage Facility In Acushnet 141
Jul 26, 2017: Eversource's Main Street Energy Efficiency Program Brings Powerful Savings to Springfield's Mason Square 142
Jul 25, 2017: Eversource Upgrading Electric Delivery System in Colchester 142
Jul 21, 2017: Siemon Continues Its Environmental Commitment with Advanced Energy Analytics 143
Jul 19, 2017: BOEM approves Bay State Wind's offshore wind site assessment plan in US 143
Jul 18, 2017: $3 Billion Natural Gas Pipeline Plan Halted Due To Loss Of Funding, Permits 143
Jul 17, 2017: Eversource Upgrading Electric System in East Hampton 143
Jul 13, 2017: Eversource To Invest $25M To Bring Natural Gas To New Canaan 144
Jun 29, 2017: Enbridge Suspends Access Northeast Natural Gas Pipeline Plan 144
Jun 27, 2017: Eversource Invests $3.5M In Danbury's Natural Gas System 144
Jun 21, 2017: Eversource: Keep Cool This Summer Without Breaking the Bank 144
Jun 09, 2017: Eversource Energy completely restores power supply to about 3,000 residents in Vernon town, US 145
Jun 07, 2017: Eversource' Natural Gas Pipeline Work To Come Through Griswold By July 145
May 08, 2017: Eversource Customers in Western Mass. to see Slightly Lower Electricity Supply Prices 145
May 04, 2017: Eversource Energy reports 0.4 percent decrease in power consumption in US 145
Apr 28, 2017: Day Kimball Hospital Completes "Green" Updates Thanks to $330,854 in Energy Incentives 145
Apr 13, 2017: Federal Regulators Approves Gas Pipeline Expansion 146
Mar 30, 2017: Eversource To Spend $50M To Upgrade Natural Gas Pipeline 146
Feb 03, 2017: May to step down as board chairman of Eversource 146
Oct 26, 2016: New England states still covet Quebec hydropower 146
Aug 23, 2016: Eversource, National Grid Withdraw Proposal To Buy Gas From Algonquin Gas Transmission System 146
Aug 10, 2016: Commercial Solar Projects Can Actually Earn Money 147
Aug 02, 2016: Massive electrical equipment on the move to Eversource substation 147
Jul 25, 2016: Eversource Upgrading Electric System, Franklin to Sunapee 148
Jul 14, 2016: Regional reliability project receives siting approval 148
Jun 23, 2016: Eversource Names New Regional Electric Operations President for Connecticut and Massachusetts 149
May 04, 2016: Eversource Appoints New Chief Financial Officer and Treasurer 149
Apr 11, 2016: Eversource CEO retiring; CFO named replacement 150
Apr 06, 2016: Eversource Energy Announces Leadership Changes Effective May 4, 2016 150
Jan 06, 2016: Eversource and National Grid Complete Major Upgrade to New England's Electric System 150
Dec 17, 2015: Eversource Delivers Significant Reliability Improvements to Customers 151
Nov 18, 2015: Eversource Reaction To Analysis Group Study On Electric System And Gas Capacity 152
Oct 19, 2015: One Step Closer to Solving Region's Energy Crisis 152
Aug 19, 2015: National Grid and Eversource submit proposals to upgrade power transmission network 153
Jul 23, 2015: Hydro-Quebec takes note of the progress made in the Quebec-New England Interconnection Project (Northern Pass Transmission) 154
Jun 10, 2015: Eight Utilities and Energy Companies Announce Plans for Critical Transmission Equipment Service Company 154
May 26, 2015: Eversource is Prepared for High Summer Electricity Use 154
Apr 22, 2015: Eversource Energy Joins the Homeland Security Resilient Electric Grid Utility Group 155
Feb 18, 2015: Eversource Energy to Ring NYSE Opening Bell under New Name 156
Feb 12, 2015: National Grid and Eversource Energy Propose $520 Million Grid Investment to Significantly Improve Reliability in Greater Boston and Southern New Hampshire 156
Feb 02, 2015: Northeast Utilities Becomes Eversource Energy 156
Jan 07, 2015: Northeast Utilities Announces New Name 157
Dec 08, 2014: Northeast Utilities Announces New President of Yankee Gas and NSTAR Gas 157
Sep 30, 2014: marcus evans to Host the 14th Annual Outage Response and Restoration Management Conference on October 20-22, 2014 in Atlanta, GA 158
Sep 16, 2014: Spectra Energy and Northeast Utilities Announce New England Energy Reliability Solution 158
Jul 08, 2014: NU: Proven Results in Carbon Reduction, Energy Efficiency and More 159
Mar 19, 2014: PURA: Operation Fuel To Receive $2.5 Million In Agreement With NU 160
Feb 26, 2014: NU Names Two to New Leadership Roles 160
Nov 26, 2013: CL&P and WMECO complete upgradation to Bloomfield-Ludlow electricity transmission lines 161
Sep 12, 2013: Northeast Utilities Appoints Three Executives to New Operations Positions 161
Jul 12, 2013: PSNH President and COO Stepping Down After 13 Years in Top Post 161
Jun 06, 2012: NRC Issues Confirmatory Orders To Maine Yankee, Connecticut Yankee And Yankee Rowe On Foreign Ownership Issues 162
Mar 13, 2012: PEV Dialogue Group Offers Plan To Accelerate Adoption Of PEVs 163
Nov 17, 2011: Northeast Utilities Announces CL&P Organization Changes 164
Oct 25, 2011: Duke, Con-Ed, Alabama Power, Northeast Utilities Meet To Discuss Smart Grid Distribution Automation Strategies 165
Dec 16, 2010: Northern Pass Transmission And H.Q. Hydro File TSA With FERC 165
Mar 01, 2010: Diverse Group Of Electric Utilities Launch Coalition For Fair Transmission Policy 166
Oct 22, 2009: NU Expands Efforts Supporting EVs And Charging Stations 166
Aug 17, 2009: Northeast Utilities Moves Its Corporate Headquarters To Hartford, Connecticut 167
Aug 11, 2009: New Hampshire Incentives Help Northeast Utilities Plan Wind Farm In Coos County 168
Jun 04, 2009: Northeast Utilities Appoints Jeffrey Butler As President And Chief Operating Officer Of CL&P 168
Apr 07, 2009: Northeast Utilities Starts Electric Vehicle Charging Infrastructure 168
Sep 25, 2008: Northeast Utilities Announces Management Changes At Its Two Operating Companies 169
Sep 16, 2008: Northeast Utilities To Relocate Corporate Headquarters 170
Jun 20, 2008: Northeast Utilities Spends $328,000 On Lobbying In Q1 2008 170
Jun 10, 2008: Northeast Utilities Elects New Board Member 171
May 15, 2008: Northeast Utilities Appoints COO 171
Mar 27, 2008: Northeast Utilities Appoints CCO 171
Sep 24, 2007: Northeast Utilities Appoints Vice President Of Communications 171
Aug 15, 2007: Northeast Utilities Appoints Vice President For Enterprise Planning And Development 172
Jul 28, 2017: UMass Amherst, Eversource Sign Second Agreement for Energy Efficiency Partnership 172
Sep 07, 2016: Revolution Lighting Technologies Secures New Agreement for Connecticut's Small Business Energy Advantage Program 173
Mar 16, 2016: Revolution Lighting Technologies Secures New Three-Year Agreement With Eversource Small Business Program 173
Dec 11, 2013: Micromem Technologies Inc.: Micromem and Northeast Utilities Sign US$5,400,000 Joint Development Agreement 174
Jun 14, 2012: World Energy Selected By NSTAR For Energy Efficiency Program In Massachusetts 174
Feb 15, 2012: NSTAR To Purchase 129 MW Of Power From Cape Wind Project 175
Apr 12, 2011: Northeast Utilities Selects Enviance To Manage Air, Water And Waste Emissions 175
Feb 09, 2011: Northeast Utilities Awards Contract To Siemens Energy For 115kV And 345kV Gas-Insulated Transmission Lines 175
Feb 23, 2009: Quanta Services, Northeast Utilities Extends Multi-Year Contract 176
Appendix 177
Report Scope 177
GlobalData Coverage 177
Benchmarking 177
GlobalData's Methodology 177
Secondary Research 177
Primary Research 178
Contact Us 178
Disclaimer 178
List of Tables
Eversource Energy, Key Facts 9
Eversource Energy, Operational Metrics, Transmission 10
Eversource Energy, Operational Metrics, Segmental Information 10
Eversource Energy, Operational Metrics, Sales 10
Eversource Energy, Wind Farms, United States 11
Eversource Energy, Solar PV Parks, United States 13
Eversource Energy, Hydro Power Plants, United States 16
Eversource Energy, Biopower Plants, United States 17
Eversource Energy, Thermal Power Plants, United States 18
Eversource Energy, Commercial Reactors, United States 19
Major Products and Services 21
Eversource Energy, SWOT Analysis 26
Eversource Energy, Ratios based on current share price 29
Eversource Energy, Annual Ratios 29
Eversource Energy, Interim Ratios 31
Eversource Energy, Key Employees 32
Eversource Energy, Subsidiaries 36
Eversource Energy, Deals Summary 38
Eversource Energy Acquires 50% Interest in Bay State Offshore Wind Farm in Massachusetts, US from Dong Energy 39
WMECo Invests US$12 Million In Solar Power Project In New England, UK 40
Western Massachusetts Electric To Invest US$22 Million For Springfield Solar Photovoltaic Power Plant In Massachusetts, U.S. 41
NSTAR Completes Merger With Northeast Utilities 42
Eversource Energy Raises Additional USD450 Million in Public Offering of 2.75% Series K Notes Due 2022 44
Eversource Energy Raises USD450 Million in Public Offering of 2.9% Series L Notes Due 2024 46
NSTAR Electric Raises USD350 Million in Public Offering of 3.2% Bonds Due 2027 48
Eversource Energy Prices Public Offering of 2.75% Series K Notes Due 2022 for USD300 Million 49
Connecticut Light and Power Raises Additional USD50 Million in Public Offering of 4.15% Bonds Due 2045 51
NSTAR Electric Raises USD250 Million in Public Offering of 3.25% Debentures Due 2025 53
Connecticut Light and Power Raises USD250 Million in Public Offering of 4.3% Bonds Due 2044 54
NSTAR Electric Raises USD300 Million in Public Offering of 4.4% Debentures Due 2044 56
Public Service Company of New Hampshire Completes Public Offering Of 3.5% Series S Bonds Due 2023 For US$250 Million 58
NSTAR Electric Raises USD200 Million in Public Offering of Debentures Due 2016 59
Northeast Utilities Completes Public Offering Of 1.45% Notes Due 2018 For US$300 Million 60
Northeast Utilities Completes Public Offering Of 2.8% Notes Due 2023 For US$450 Million 62
Connecticut Light and Power Raises USD400 Million in Public Offering of 2.5% Bonds Due 2023 64
NSTAR Electric Completes Public Offering Of 2.375% Notes Due 2022 For US$400 Million 66
Western Massachusetts Electric Completes Public Offering Of 3.5% Notes Due 2021 For US$150 Million 68
Northeast Utilities Completes Public Offering Of Senior Notes Due 2013 For US$300 Million 69
Western Massachusetts Electric Completes Public Offering Of 3.5% Series F Senior Notes Due 2021 For US$100 Million 70
Hull Street Energy to Acquire Nine Hydro Power Plants in New Hampshire, US from Eversource Energy for USD83 Million 71
Granite Shore Power to Acquire Three Fossil Generation Facilities in New Hampshire, US from Eversource Energy for USD175 Million 73
