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Eversource Energy logoEversource Energy ES

Eversource Energy said in a news release on November 21 that the Connecticut Public Utilities Regulatory Authority (PURA) rejected the proposed sale of Aquarion Water Company to the South Central Connecticut Regional Water Authority.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Eversource Energy said in a news release on November 21 that the Connecticut Public Utilities Regulatory Authority (PURA) rejected the proposed sale of Aquarion Water Company to the South Central Connecticut Regional Water Authority.

  2. The company said it identified and evaluated strategic financing opportunities in the event that the sale would be denied, which resulted in its issuance of common equity earlier this year combined with an issuance of $600 million of parent company debt.

  3. Eversource Energy reaffirmed its 2025 full-year non-GAAP recurring earnings guidance of $4.72 to $4.80 per share and reaffirmed its compound annual earnings per share growth rate within the range of 5% to 7% from a 2024 base of $4.57 per share.

  4. The company said it is evaluating regulatory and legal remedies to the PURA decision and expects to submit an Aquarion rate case in the range of $60 million to $70 million early next year, with new rates anticipated before the end of 2026.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

PURA Rejects Aquarion Water Company Sale

Eversource Energy said in a news release on November 21 that the Connecticut Public Utilities Regulatory Authority (PURA) rejected the proposed sale of Aquarion Water Company to the South Central Connecticut Regional Water Authority.

Source · Based on the filing body and exhibits

Alternative Scenario Preparation and $600 million Parent Company Debt Issuance

The company said it identified and evaluated strategic financing opportunities in the event that the sale would be denied, which resulted in its issuance of common equity earlier this year combined with an issuance of $600 million of parent company debt.

Source · Based on the filing body and exhibits

2025 Full-Year Non-GAAP Recurring Earnings Guidance Reaffirmed

Eversource Energy reaffirmed its 2025 full-year non-GAAP recurring earnings guidance of $4.72 to $4.80 per share and reaffirmed its compound annual earnings per share growth rate within the range of 5% to 7% from a 2024 base of $4.57 per share.

Source · Based on the filing body and exhibits

Regulatory and Legal Remedies Under Review; Aquarion Rate Case Submission Planned

The company said it is evaluating regulatory and legal remedies to the PURA decision and expects to submit an Aquarion rate case in the range of $60 million to $70 million early next year, with new rates anticipated before the end of 2026.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.