Deals Counterparts

Eversource Energy

company

Eversource Energy is a publicly traded utility company primarily engaged in the transmission and distribution of electricity and natural gas, and formerly water service, across New England. The company also has a significant role as a developer and operator of offshore wind projects in the region, though it has recently divested portions of its offshore wind and water assets.

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Founded 1966 9,500 employees
UtilityOperatorDeveloperInvestor

Strategic Overview

  • Eversource is strategically focusing on its core regulated electric and natural gas utility businesses.
  • The company has been divesting non-core assets, including its water utility and significant portions of its offshore wind development portfolio, to strengthen its balance sheet and reduce risk.
  • Despite divestments, Eversource remains committed to supporting the energy transition through its transmission infrastructure and remaining involvement in offshore wind development.

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Key People

Joseph R. Nolan Jr.
President and Chief Executive Officer
John M. Moreira
Executive Vice President and Chief Financial Officer

Track Record

58
Years Active
Notable projects: South Fork Wind Project (Offshore Wind), Revolution Wind Project (Offshore Wind), Sunrise Wind Project (Offshore Wind)

Detailed Analysis

Sectors
UtilitiesEnergy Transition
Technologies
Electricity TransmissionElectricity DistributionNatural Gas DistributionOffshore Wind (3 deals)Water Supply (1 deal)
Geographies
United StatesConnecticutMassachusettsNew HampshireRhode Island
Deal Stage
OperatingGreenfield

Subsidiaries

Connecticut Light and Power CompanyNSTAR Electric CompanyNSTAR Gas CompanyPublic Service Company of New HampshireYankee Gas Services Company

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