| Market Capitalization (Millions $) |
26,798 |
| Shares
Outstanding (Millions) |
377 |
| Employees |
10,731 |
| Revenues (TTM) (Millions $) |
13,933 |
| Net Income (TTM) (Millions $) |
1,756 |
| Cash Flow (TTM) (Millions $) |
137 |
| Capital Exp. (TTM) (Millions $) |
4,161 |
Business Description
Eversource Energy is a publicly traded utility holding company that is primarily engaged in the energy delivery business, focusing on the distribution and transmission of electricity and natural gas. Headquartered in Berlin, Connecticut, Eversource serves the New England region, particularly Connecticut, Massachusetts, and New Hampshire.
The company operates through several wholly-owned regulated utility subsidiaries, each tasked with providing reliable energy services to its customers. These subsidiaries include:
1. Connecticut Light and Power (CL&P): This subsidiary provides electric service to approximately 1.2 million customers in Connecticut. CL&P is responsible for the construction, operation, and maintenance of the electric distribution system in its service area.
2. Western Massachusetts Electric Company (WMECO): Serving around 230,000 customers, WMECO manages electric distribution in the western part of Massachusetts and focuses on maintaining service reliability while integrating renewable resources.
3. N Star Electric: Serving around 1.4 million customers, N Star Electric operates in Massachusetts, providing electric distribution and maintaining the infrastructure necessary to support reliable service.
4. New Hampshire Electric Cooperative (NHEC): This cooperative serves members in New Hampshire and is focused on providing electrical distribution along with engagement in energy efficiency initiatives and renewable energy efforts.
5. Eversource Gas: This subsidiary manages natural gas distribution in Massachusetts and New Hampshire, serving several hundred thousand customers. Eversource Gas focuses on enhancing energy efficiency, promoting renewable energy sources, and maintaining robust natural gas infrastructure.
Eversource is also engaged in various initiatives aimed at enhancing energy efficiency, supporting renewable energy projects, and investing in advanced energy technologies. The company has been actively involved in sustainability efforts, including the integration of clean energy solutions and the modernization of the electric grid.
Additionally, Eversource Energy places a strong emphasis on customer service, actively working to improve the customer experience through innovative programs, communication, and support services. The companys commitment to safety, reliability, and community engagement has positioned it as a leader in the energy sector in New England.
Eversource is regulated at both the state and federal levels, with oversight from agencies such as the Federal Energy Regulatory Commission (FERC) and local public utility commissions in the states it operates. This regulatory framework ensures compliance with industry standards and provides a structure for setting rates and managing utilities.
Overall, Eversource Energy plays a significant role in the energy landscape of New England, working to meet the growing energy demands of its customers while focusing on sustainability and innovation in the energy sector.
Company Address: 300 Cadwell Drive Springfield 1104 MA
Company Phone Number: 286-5000 Stock Exchange / Ticker: NYSE ES
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