Analysis: Eversource Energy

US:ES

Why is Eversource Energy stock rising?

  • ISO New England preliminary selection of Eversource-Avangrid transmission project adds a $700 million, 2032 in-service opportunity.
  • Storm-cost securitization in Connecticut and New Hampshire is expected to generate up to $1.8 billion of cash proceeds, led by about $700 million from Connecticut.
  • CL&P rate case filed in July seeks $451 million in additional revenue and proposes a multi-year PBR framework.
  • Connecticut AMI rollout could be accelerated if regulators approve the company’s expedited request this fall.

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