Eversource Energy vs Public Service Enterprise Group
Side-by-side comparison of AI visibility scores, market position, and capabilities
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.
About
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.
NJ's largest regulated utility with ~4.2M combined electric/gas customers; $9.8B FY2024 revenue; pure regulated utility after nuclear/fossil divestiture 2022-2024; $14B clean energy capex through 2026.
About
Public Service Enterprise Group (PSEG) is a diversified energy company and the parent of Public Service Electric and Gas Company (PSE&G), New Jersey's largest regulated electric and gas utility, founded in 1903 and headquartered in Newark, New Jersey, trading on NYSE (PEG). For FY2024, PSEG generated approximately $9.8 billion in revenues under CEO Ralph LaRossa, who has accelerated the company's strategic transformation toward a pure regulated utility model. The pivotal transactions of 2022-2024—selling its fossil fuel power plants to ArcLight Capital Partners and completing the sale of its 50% interest in three New Jersey nuclear plants (Hope Creek and Salem 1 and 2) to Constellation Energy—eliminated PSEG's unregulated merchant generation exposure and positioned it as a pure-play regulated utility.
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