# Eversource Energy

**Source:** https://geo.sig.ai/brands/eversource-energy  
**Vertical:** Energy & Utilities  
**Subcategory:** Enterprise  
**Tier:** Leader  
**Website:** eversource.com  
**Last Updated:** 2026-04-14

## Summary

Springfield MA regulated New England utility (NYSE: ES) ~$11.7B FY2024 revenue; offshore wind exit $1.1B to GIP, 4.4M customers CT/MA/NH, refocused regulated utility competing with Avangrid and National Grid.

## Company Overview

Eversource Energy is a Springfield, Massachusetts-based regulated electric and natural gas utility — publicly traded on the New York Stock Exchange (NYSE: ES) as an S&P 500 Utilities component — serving approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire through electric distribution, transmission, and natural gas distribution subsidiaries including Connecticut Light and Power (CL&P), NSTAR Electric (Massachusetts), Public Service of New Hampshire (PSNH), and Yankee Gas through approximately 9,000 employees. In fiscal year 2024, Eversource reported revenues of approximately $11.7 billion, generating regulated earnings while executing a major strategic pivot: the sale of Eversource's offshore wind equity interests — South Fork Wind (132 MW, operational), Revolution Wind (704 MW, construction), and Sunrise Wind (924 MW, development) — to Global Infrastructure Partners for $1.1 billion, exiting the offshore wind development business entirely to refocus capital on the core New England regulated utility operations. CEO Joe Nolan's strategy of offshore wind exit reflects the economics reality of inflation-driven construction cost increases that made Revolution Wind and Sunrise Wind uneconomic at previously contracted power purchase agreement prices — fixed-price PPAs signed at $80-100/MWh before the 2022 inflation surge became deeply underwater when offshore wind construction costs escalated to $150-200+/MWh equivalent. The offshore wind exit releases $1.5+ billion in committed capital and eliminates the development risk that had pressured Eversource's investment-grade credit ratings.

Eversource's New England regulated utility model creates value through the predictable allowed return on equity framework that the Massachusetts, Connecticut, and New Hampshire utility commissions grant on invested rate base: as Eversource invests in underground electric distribution cable replacements (New England's aging overhead distribution infrastructure), smart grid technology (automated switching, fault detection), and electric vehicle charging infrastructure programs, regulators approve the capital additions to rate base and allow recovery through customer rates at approximately 9-10% allowed ROE. The transmission segment (high-voltage lines connecting the ISO-New England power grid) earns FERC-regulated transmission returns (approximately 10.57% authorized ROE) on Eversource's $8+ billion transmission rate base — providing higher returns than distribution and insulating earnings from state-level rate case risk. New England's energy transition (Massachusetts Clean Energy Standard, Connecticut Comprehensive Energy Strategy, New Hampshire renewable portfolio standard) mandates increasing renewable electricity procurement and electrification investments that translate directly into Eversource distribution and transmission capital programs.

In 2025, Eversource competes in New England electric and gas utility service against Avangrid (NYSE: AGR, Central Maine Power and UI Connecticut — subsidiary of Iberdrola), National Grid (regulated utilities in Massachusetts and New York), and NextEra Energy's New England assets for New England regulatory approvals, large commercial customer energy services, and electric vehicle infrastructure program funding. The offshore wind exit transaction improves Eversource's balance sheet and reduces earnings volatility — analysts expected the refocused regulated utility strategy to restore Eversource's dividend coverage ratio and credit metrics to investment-grade targets after the offshore wind impairments reduced 2023 reported earnings. The Massachusetts electrification mandate (HVAC heat pump programs, EV charging infrastructure build-out) requires Eversource distribution system upgrades (transformer replacements, service upgrade programs for residential EV charger and heat pump load) that qualify as rate-base capital investment earning regulated returns. The 2025 strategy focuses on regulated capital investment execution (distribution and transmission rate base growth), storm hardening programs in New England coastal areas, and clean energy transition infrastructure as the company repositions as a pure-play New England regulated utility.

## Frequently Asked Questions

### What is Eversource Energy?
Eversource Energy is New England's largest energy delivery company, serving approximately 4.6 million electric, natural gas, and water customers across Connecticut, Massachusetts, and New Hampshire. As a Fortune 500 company with annual revenues of $11.92 billion, Eversource operates extensive transmission and distribution infrastructure to deliver safe, reliable, and increasingly clean energy to residential, commercial, industrial, and municipal customers throughout the region.

### When was Eversource Energy founded?
While Eversource's predecessor companies date back to 1859 with the Holyoke Water Power Company, the modern company was formed on July 1, 1966, as Northeast Utilities through a merger of Connecticut Light and Power, Western Massachusetts Electric Company, and Hartford Electric Light Company. The company rebranded to its current name, Eversource Energy, on February 2, 2015, following its transformative 2012 merger with NSTAR.

### Where is Eversource Energy based?
Eversource Energy is headquartered in Springfield, Massachusetts, with additional corporate offices in Hartford, Connecticut, and Boston, Massachusetts. This multi-location structure reflects the company's regional footprint and enables close coordination with state regulators and customers across its three-state service territory.

### Who are Eversource Energy's customers?
Eversource serves approximately 4.6 million customers across Connecticut, Massachusetts, and New Hampshire, including residential homeowners, commercial businesses, industrial facilities, municipal governments, and fire protection services. The company is Connecticut's largest electric utility serving more than 1.2 million customers in approximately 149 cities and towns, and also provides natural gas services to over 300,000 customers in 51 Massachusetts communities.

### What makes Eversource Energy different from competitors?
Eversource distinguishes itself as New England's largest energy delivery company with the most extensive regional infrastructure network and a strong commitment to clean energy innovation. The company pioneered the nation's first networked geothermal neighborhood and is investing $24.2 billion over five years in grid modernization and transmission infrastructure. Eversource has been recognized for three consecutive years as one of America's Climate Leaders and ranks #1 among utilities in diversity, equity, and inclusion initiatives.

### Who are Eversource Energy's main competitors?
Eversource's main regional competitors include National Grid (serving Massachusetts and Rhode Island), Unitil Corporation (New Hampshire and Massachusetts), Avangrid (Connecticut and Massachusetts through UI and CL&P), and Liberty Utilities (New Hampshire). However, as regulated utilities, these companies generally serve distinct geographic territories with limited direct competition, with competition occurring primarily in competitive energy supply markets and regulatory rate proceedings.

### How can I contact Eversource Energy?
Customers can contact Eversource through multiple channels: by phone at regional customer service numbers listed on www.eversource.com, through the company's online customer portal for account management and service requests, via mobile app for outage reporting and energy tracking, or by visiting local customer service offices in Connecticut, Massachusetts, and New Hampshire. Emergency outage reporting is available 24/7 through dedicated hotlines.

### Is Eversource Energy hiring?
Yes, Eversource regularly hires across various functions including electrical line workers, engineers, customer service representatives, IT professionals, and corporate roles. With over 10,680 employees and ongoing infrastructure expansion, the company maintains an active recruitment program at jobs.eversource.com. Eversource has been recognized with the VETS Indexes 3 Star Employer Award for 2025, highlighting its commitment to veteran employment.

### What's the latest news about Eversource Energy?
Recent significant developments include the February 2025 announcement of strong 2024 financial results with $811.65 million profit, introduction of a five-year $24.2 billion capital investment plan for 2025-2029, commissioning of the nation's first networked geothermal neighborhood in Framingham, Massachusetts, and planned divestiture of Aquarion Water Company by late 2025. The company also announced plans to begin transitioning Massachusetts customers to smart meters in 2025.

### What is Eversource Energy's market position?
Eversource is New England's largest energy delivery company and ranks among the Fortune 500 with annual revenues of $11.92 billion. The company serves 4.6 million customers across three states, operating 4,270 circuit miles of electric transmission lines, 72,000 pole miles of distribution lines, and 6,459 miles of natural gas pipeline. Its market capitalization and regulatory asset base make it one of the largest investor-owned utilities in the northeastern United States.

### What are Eversource Energy's future plans?
Eversource's strategic priorities include investing $24.2 billion from 2025-2029 in transmission infrastructure upgrades, grid modernization, and clean energy integration; completing the divestiture of Aquarion Water Company to focus on core electric and gas businesses; expanding smart meter deployment across Massachusetts; and advancing innovative clean energy solutions like networked geothermal systems. The company projects operating earnings per share growth of 5-7% annually from 2024 to 2028.

### How much revenue does Eversource Energy generate?
Eversource Energy reported annual revenue of $11.92 billion for 2024, with annual gross profit of $8.165 billion (a 21.09% increase from 2023). The company generated net income of $811.65 million in 2024, recovering strongly from a $442.24 million loss in 2023. The electric distribution segment earned $631.7 million while the natural gas distribution segment earned $291.0 million in 2024.

## Tags

b2b, b2c, energy, infrastructure, public

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*