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Eversource Energy

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Springfield (Cadwell), replacing the Fairmont 115 kV transmission substation in Chicopee with a new substation across the street, and configuring a new 115 kV line from South Agawam to Southwick using a combination of both new and old line segments of the former 115 kV path between Agawam and North Bloomfield. The new Cadwell and Fairmont switching stations allowed a number of three-terminal 115 kV lines to be broken up into two-terminal lines. Finally, the project allowed a problematic underground 115 kV transmission path through the city of Springfield that was vulnerable to thermal overloads to be removed from service by breaking it in half at the middle. The underground lines now function solely to supply the distribution load served out of the Breckwood substation in Springfield. A previously proposed costly project that would have replaced the underground cables is no longer necessary. On November 20, 2013, cutover of 115 kV lines to the new Fairmont Switching Station was complete, marking substantial completion of the GSRP.
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winter heating periods and in turn increasing the costs of electricity generated by gas-fired power plants. The two utilities “engaged in behavior that would tend to have the largest impact on prices,” said N. Jonathan Peress, a senior director at the New York-based environmental group. “That implies they knew their efforts would have some sort of pricing impact that would provide them with some commercial benefit.” Representatives for both utilities denied they did anything improper.
542: 104: 785:. It was projected that the line would either run in an existing right-of-way adjacent to the HVDC line that runs through New Hampshire, or it would connect to a right-of-way in northern New Hampshire that would run through the White Mountains. This 180- to 190-mile line, projected to carry 1,200 megawatts, would have carried electricity to approximately one million homes. The issue of buying hydropower from Hydro-Québec had been an issue during the 871:
me tell you something gentlemen, I'm not happy how this was rolled out. I'm not happy with the lack of information my office has received." Golden, co-chairman of the Committee on Telecommunications, Utilities and Energy, helped write the 2016 law that permits utilities to levy a new minimum monthly charge, and he told Eversource executives they were making it "extremely, extremely difficult" for him to continue to support them in the policy.
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million retail electricity customers and an overall population of 14.7 million people have been affected by Eversource and Avangrid's “unique monopoly” spanning at least from 2013 to 2016. On June 10, 2019, the case was thrown out of court as the judge stated natural gas prices are federally regulated and could not be interfered with by the court.
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percent, Attorney General Healey told the DPU that “ast year, no state public utility commission in the country allowed a return that high.” Between 2010 and 2015, Eversource's shareholders of common stock received a cumulative total return (including quarterly dividends and the change in the market price per share) of 89 percent.
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held an Oversight Hearing on the DPU's decision to approve Eversource's proposal to include a demand charge as part of a monthly minimum reliability contribution on net metering customers. Rep. Golden accused the utility of purposefully making the new charges "as confusing as possible." He said, "Let
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The new 345 kV corridor added a new strong interface between Massachusetts and Connecticut. The project also involved rebuilding all of the 115 kV lines along the transmission corridor between South Agawam and Ludlow to increase their capacities, building a new 115 kV transmission substation in East
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In 2013, the Greater Springfield Reliability Project, a component of the ongoing New England East-West Solution, was energized at a cost of $ 795 million. The project addressed numerous reliability issues with the Springfield, MA area's 115 kV transmission system by constructing two new 345 kV lines
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In 2015 the company (now known as Eversource) agreed to sell all of its New Hampshire generation assets in the same manner it sold its assets in Massachusetts and Connecticut between 2000 and 2006. The sale of the New Hampshire generation fleet was approved by the state's Public Utilities Commission
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which NU retained. The city's municipal gas and electric department assumed responsibility for the generators and absorbed the HWP distribution customer base. Between 2000 and 2002 due to state laws, NU divested WMECO, CL&P, and PSNH's nuclear generating assets which consisted of their stakes in
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On Feb. 27, 2018, FERC announced their investigation “revealed no evidence of anticompetitive withholding of natural gas pipeline capacity on Algonquin Gas Transmission by New England shippers.” It said that following an extensive review Commission staff “determined that EDF’s study was flawed and
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A class-action lawsuit filed on November 14, 2017 against Avangrid, Inc. and Eversource Energy claims the two companies caused electricity consumers to incur overcharges of $ 3.6 billion in a years-long scheme that impacted six states and affected 14.7 million people. The lawsuit states that 7.1
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On November 30, 2017, the Massachusetts Department of Public Utilities on Thursday approved a much-reduced rate hike for Eversource Energy that will allow it to charge its Massachusetts electric customers tens of millions of dollars more a year. On December 20, 2017, Attorney General Maura Healey
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Before its rebranding, the company operated six main subsidiaries: Connecticut Light and Power (CL&P), Public Service Company of New Hampshire (PSNH), Western Massachusetts Electric Company (WMECO), Yankee Gas Services Company (Yankee Gas), NSTAR Electric, and NSTAR Gas. NSTAR itself was the
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said both utilities routinely reserved big deliveries of natural gas on the Algonquin pipeline system for frigid days, but then sharply reduced those orders too late in the day for others to use that capacity. Those orders had the effect of driving up wholesale prices for natural gas during peak
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testified in March, 2017 before the DPU urging it to deny Eversource's proposed $ 300 million rate increase. In her testimony, she challenged the need for Eversource's rate increase, noting NSTAR's and WMECo's high returns over the last few years. Referencing NSTAR's 2015 return of more than 13
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in New England and required regulated utilities to divest generating stations to competitive suppliers. In 1999 the company divested all of the generating assets of WMECO and CL&P per requirements of the Massachusetts and Connecticut legislation. The company retained some of these assets by
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In 2015, Eversource fought the rooftop solar industry and supported anti-solar policies. In Massachusetts, they staffed the State House with lobbyists in order to end legislation promoting growth of the solar industry. During the 2015 legislative session in New Hampshire, Eversource opposed an
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While Eversource reported that its electric transmission earnings were up 80 percent in Q2 2015, the Federal Energy Regulatory Commission (FERC) is now investigating the utility for having transmission rates that appear to be “unjust, unreasonable and unduly discriminatory or preferential”.
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However, days later on February 1, 2018, the New Hampshire Site Evaluation Committee voted unanimously to deny Eversource's controversial Northern Pass project a permit, leaving the future of the project, and $ 1.6 billion of Eversource's Transmission Rate Base Growth Projections in doubt.
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Logos of Eversource's predecessors, clockwise from top-left, the Connecticut Light & Power Co., Hartford Electric & Light Co., Western Mass. Electric Co., Holyoke Water Power Co., and Public Service Co. of NH, which initially became part of the Northeast Utilities
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Eversource disclosed on its website politically related organization expenditures of $ 110,000 to the Democratic Governors Association in 2016, and payments made to trade associations that were used for lobbying or other political activities in excess of $ 135,000.
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in southwest Connecticut. The first project was construction of the $ 350 million 345 kilovolt Bethel–Norwalk transmission line through the western part of the state, and was constructed entirely by the company when it was still known as Northeast Utilities.
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for $ 1.675 billion. Aquarion would become a fully owned subsidiary and retain its own name, adding 300 employees and 230,000 customers in Connecticut, Massachusetts, and New Hampshire. In December 2017, the merger was completed after government approval.
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product of corporate mergers, and included the former Boston Edison Company, Cambridge Electric Light Company, Commonwealth Electric Company, Commonwealth Gas, and Cambridge Gas Company. All now currently operate under the Eversource name.
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In November 2005, the company announced it would sell its unregulated competitive businesses, including generation and energy services. In November 2006 the company had essentially completed the divestiture of its competitive businesses.
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asked the Federal Energy Regulatory Commission to open an investigation on the matter, and both the Connecticut Public Utilities Regulatory Authority and the Massachusetts Public Utilities Department are launching inquiries of their own.
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appealed the DPU ruling in the Eversource rate case, specifically the DPU's approval of a costly 10 percent shareholder return, one of the highest rates allowed by an electric distribution company regulator in the last five years.
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Furthermore, Eversource is a major energy distributor to 1.7 million customers across Massachusetts, including over 1.4 million electric customers in 140 communities and over 300,000 natural gas customers in 51 communities.
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Eversource remains Connecticut's largest electric utility, serving more than 1.2 million residential, municipal, commercial and industrial customers in approximately 149 cities and towns.Additionally, it also serves around
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In 2006, NU decided to sell the generating units it had earlier retained in the 1999 divestiture as competitive suppliers and shut down its competitive generation business units. The Northeast Generation assets, including
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of New Hampshire also expressed opposition for the new line, saying that it would not only benefit Connecticut and Massachusetts residents more than those in New Hampshire, but also the concern of the flooding of
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In 1999, Con Edison and Northeast Utilities entered negotiations that would have created one of the largest utilities in the United States. However, Con Edison backed out of the merger in 2001 after Connecticut's
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Northeast Utilities, NSTAR Electric, NSTAR Gas, Aquarion Water, Connecticut Light & Power Co., Holyoke Water Power Co., Public Service of New Hampshire, Western Massachusetts Electric Co., Yankee Gas
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Eversource is also New Hampshire's largest electric utility, serving over 500,000 customers, including homes and businesses, in 211 cities and towns throughout the state.
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Meanwhile, the potential for rooftop solar to prevent the need for new transmission lines is growing and Eversource wants to cap rooftop solar growth in the state.
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On July 26, 2019, Eversource Energy announced that it was giving up Northern Pass after the New Hampshire Supreme Court rejected its appeal and sided with the SEC.
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On January 25, 2018, Massachusetts Governor Baker selected this "Northern Pass Transmission" (NPT) project as the winner for a clean energy procurement RFP.
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transferring them to a new subsidiary called Northeast Generation which functioned as a competitive supplier and sold the other assets entirely: WMECO's
1667: 1636: 2116: 999: 2050: 1424: 1240:"Laying down the Grid: Connecticut Light and Power · Plumbing the Depths: Candlewood Lake · Western CT State University Archives' Digital Collections" 2367: 2162: 695: 1850: 569:(HELCO, formed in 1878) under a single parent company, creating the first new multi-state public utility holding company since the enactment of the 687: 1399: 2402: 1779: 421:, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million customers in 883:
of driving up electric, gas rates over several winters by buying up shipment capacity on a major pipeline that they ultimately did not use. The
561:, became the Connecticut Light and Power Company in 1917. Eversource predecessor Northeast Utilities (NU) was formed on July 1, 1966, under CEO 1023: 730:, an upgrade to the 69-mile (112 km), 345 kilovolt Middletown-Norwalk transmission line was energized in 2009 at a cost of $ 900 million. 699: 2377: 577:, formed in 1926), a private company at the time, declared bankruptcy in January 1988 due to problems obtaining a license for the completed 2021: 1879: 2362: 1991: 1606: 1269: 58: 1446: 1574: 1299: 786: 605: 570: 2332: 967: 2137: 937: 1607:"Eversource begins rollout of 400 electric car chargers across Massachusetts; 'range anxiety' seen as enemy to emissions progress" 1900: 604:
and several related hydroelectric and fossil fuel generating units were sold to Con Edison, while other assets (most notably the
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including the HWP electrical distribution system and customer base and all generation with the exception of the
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to the Agawam substation; one line north to Ludlow and the other south to North Bloomfield, Connecticut.
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In 2001, NU sold the assets and operations of its subsidiary, the Holyoke Water Power Company, to the
269: 1932:"Action on solar bill at center of fight between Eversource, National Grid and environmental groups" 1027: 1361:"Northeast Utilities Completes Sale of Competitive Generation Business to Energy Capital Partners" 2244:"6 New England residents file class-action lawsuit for overcharging against Eversource, Avangrid" 795: 782: 653: 406: 139: 1447:"NH Public Utilities Commission Issues Order Approving sale of Eversource Generation Facilities" 714:
345 kV transmission lines in western Connecticut, built by Connecticut Light & Power in 1972
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Eversource Energy has participated in a number of projects to improve the reliability of the
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lines, 72,000 pole miles of distribution lines, and 6,459 miles of natural gas pipeline in
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during the construction of Hydro-Québec's dams in northern Quebec, disputes with the
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On February 2, 2015, the company and all its subsidiaries rebranded themselves as "
356: 1751:"N.H. Site Evaluation Committee Votes Against Eversource's Northern Pass Project" 774: 766: 691: 660: 501: 492: 437: 1901:"Solar Industry On The Clock As Time Runs Out For Net Metering In New Hampshire" 1210:"NStar is becoming Eversource Energy. Here's what you should know. - Business -" 762: 686:. In 2023, Eversource announced it would sell off its equity in these projects ( 2312: 1514:"Eversource enters water business with Aquarion acquisition - The Boston Globe" 664: 629: 162: 122: 54: 521: 2356: 2204: 1905: 430: 426: 236: 231: 130: 1329: 253:
Governed by a 14-member Board of Trustees. Sanford Cloud, Jr., Lead Trustee
1813:"Eversource gives up on Northern Pass project after spending $ 318 million" 892: 851: 835: 682:
In 2016, Eversource started joint ventures for wind farm developments with
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First Nations, and the effects of tourism and the environment within the
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In October 2010, Northeast Utilities announced that it would merge with
719: 316: 148: 541: 459:". The stock symbol changed on February 19, 2015, from "NU" to "ES". 2322: 1992:"TUSK Calls on New Hampshire to Protect Competition and Solar Choice" 143: 1722:"Baker goes with Eversource's Northern Pass - CommonWealth Magazine" 880: 761:
As Northeast Utilities, the company signed on a joint venture with
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cap. New Hampshire's cap is lower than all neighboring states.
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led to incorrect conclusions about the alleged withholding.”
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on November 29, 2017, and completed on January 10, 2018.
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In 2017, an environmental group accused Eversource and
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Legislation passed in the late 1990s deregulated the
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Non-renewable resource companies established in 1966
2138:"Golden, Barrett upset over Eversource solar charge" 61:, and by adding encyclopedic content written from a 1358: 581:. and in 1992 was merged into Northeast Utilities. 2388:Hydroelectric power companies of the United States 2193:"How Local Utilities Gamed the Natural-Gas Market" 741:Eversource has taken action to support the use of 674:In June 2017 Eversource announced its merger with 2109:"AG Healey Appeals Eversource Rate Case Decision" 874: 557:The Rocky River Power Company, formed in 1905 by 2354: 2373:Companies listed on the New York Stock Exchange 1843:"Higher revenue sparks Eversource's 2Q profits" 1392:"NStar and Northeast Utilities agree to merger" 845: 1267: 1058:"Eversource Energy 2021 Annual Report Results" 2398:Electric power companies of the United States 1052: 1050: 1048: 1046: 1044: 1780:"Eversource February 22, 2017 Investor Call" 1484:"Eversource finalizes sale of energy plants" 787:Massachusetts gubernatorial election of 2010 608:) were transferred to Northeast Generation. 436:Following its 2012 merger with Boston-based 1668:"Canadian firm offers N.E. more hydropower" 757:HVDC transmission ("Northern Pass" Project) 1572: 1155:"About NU: NU Facts - Northeast Utilities" 1121:S&P Market Intelligence (2017-12-04). 1041: 652:and Northfield Mountain, were all sold to 606:Northfield Mountain hydroelectric facility 571:Public Utility Holding Company Act of 1935 251:Joseph R. Nolan (Chairman, CEO, President) 102: 2163:"The week in business - The Boston Globe" 1810: 820:Transmission controversy (FERC Complaint) 663:, the major electric and gas provider in 81:Learn how and when to remove this message 2368:Companies based in Hartford, Connecticut 1389: 1180:"Northeast Utilities Announces New Name" 1149: 1147: 895:is reviewing the findings, U.S. Senator 862:On January 30, 2018, Massachusetts Rep. 828: 709: 702:) at an expected loss of $ 200 million. 634: 1454:State of NH Public Utilities Commission 1359:Northeast Utilities (1 November 2006). 14: 2403:American companies established in 1966 2355: 1634: 1524:from the original on December 28, 2019 1488:The Union Leader (www.unionleader.com) 1463:from the original on February 17, 2018 1444: 1280:from the original on 10 September 2017 1123:"Corporate Profile: Eversource Energy" 462: 42:contains content that is written like 2330: 2308:Business data for Eversource Energy: 2190: 2002:from the original on 17 November 2015 1972:from the original on 17 November 2015 1942:from the original on 16 November 2015 1792:from the original on November 3, 2021 1665: 1494:from the original on 17 February 2018 1481: 1144: 444:had more than 4,270 circuit miles of 2378:Energy companies established in 1966 1445:Noonan, Amanda (November 29, 2017). 1340:from the original on 29 October 2013 1220:from the original on 27 October 2021 26: 1811:Cousineau, Michael (26 July 2019). 1637:"Utilities plan for N.E. expansion" 850:In Massachusetts, Attorney General 602:West Springfield Generating Station 24: 2363:1966 establishments in Connecticut 1823:from the original on 6 August 2020 1635:Porter, Louis (19 December 2008). 25: 2414: 2297: 2055:Attorney General of Massachusetts 1587:from the original on June 9, 2023 1371:from the original on 2 April 2015 705: 592:threatened lawsuits to block it. 1310:from the original on 1 July 2016 920:, former Northeast Utilities CEO 540: 531: 520: 511: 500: 491: 413:energy company headquartered in 363: 362: 343: 342: 323: 322: 303: 302: 280: 279: 31: 2304:CT Electric Utility Service Map 2283:from the original on 2019-06-11 2265: 2254:from the original on 2017-12-01 2236: 2222: 2211:from the original on 2017-11-19 2184: 2173:from the original on 2017-12-01 2155: 2144:from the original on 2018-02-12 2130: 2119:from the original on 2018-02-10 2101: 2090:from the original on 2018-02-12 2072: 2061:from the original on 2017-06-15 2043: 2032:from the original on 2018-02-12 2014: 1984: 1954: 1924: 1913:from the original on 2016-01-31 1893: 1882:from the original on 2016-01-25 1864: 1853:from the original on 2016-02-02 1835: 1804: 1772: 1761:from the original on 2018-02-12 1743: 1732:from the original on 2018-02-12 1714: 1703:from the original on 2016-03-04 1689: 1678:from the original on 2012-11-02 1659: 1628: 1617:from the original on 2018-11-28 1599: 1566: 1536: 1506: 1482:Feely, Paul (10 January 2018). 1475: 1438: 1427:from the original on 2015-02-22 1413: 1402:from the original on 2010-10-20 1383: 1352: 1322: 1292: 1261: 1250:from the original on 2023-02-23 1232: 1202: 1074:from the original on 2022-04-22 1005:from the original on 2023-08-13 891:Massachusetts Attorney General 567:Hartford Electric Light Company 1268:Lee A. Daniels (29 Jan 1988). 1172: 1114: 1085: 1016: 985: 960: 930: 875:Price manipulation controversy 834:increase to the state's solar 804:White Mountain National Forest 617:Mt. Tom coal-fired power plant 13: 1: 1421:"NU Closes NSTAR Merger Deal" 1390:Ailworth, Erin (2010-10-18). 924: 2331:Kobak, Steve (May 8, 2009). 846:Rate hikes and solar charges 579:Seabrook Nuclear Power Plant 7: 1573:Jon Chesto (May 26, 2023). 911: 771:high-voltage direct current 182:; 58 years ago 10: 2419: 2191:Krupp, Fred (2017-11-17). 1876:New Hampshire Union Leader 1666:Daley, Beth (2010-10-23). 885:Environmental Defense Fund 482: 1847:Hartford Business Journal 1244:archives.library.wcsu.edu 993:"NSTAR is now Eversource" 384: 374: 354: 334: 314: 294: 275: 257: 245: 217: 194: 176: 168: 158: 128: 118: 110: 101: 789:. In November 2015, the 783:Franklin, New Hampshire 654:Energy Capital Partners 715: 676:Aquarion Water Company 640: 2383:Energy in New England 1726:CommonWealth Magazine 1548:globalenergymedia.com 829:Political connections 777:(connecting with the 713: 638: 446:electric transmission 419:Boston, Massachusetts 415:Hartford, Connecticut 208:Boston, Massachusetts 202:Hartford, Connecticut 63:neutral point of view 1938:. 13 November 2015. 1909:. 18 November 2015. 2197:Wall Street Journal 1093:"Eversource Energy" 781:) to a location in 728:United Illuminating 463:Corporate structure 442:Northeast Utilities 376:Number of employees 114:Northeast Utilities 98: 55:promotional content 18:Northeast Utilities 2026:www.eversource.com 1554:on 5 December 2017 1304:The New York Times 1274:The New York Times 897:Richard Blumenthal 716: 641: 597:electricity market 590:Richard Blumenthal 96: 93:Energy Corporation 57:and inappropriate 918:Lelan Sillin, Jr. 773:(HVDC) line from 753:and solar power. 743:electric vehicles 650:Mount Tom Station 559:J. Henry Roraback 457:Eversource Energy 403:Eversource Energy 400: 399: 380:9,299 (2021) 368:US$ 14.60 billion 348:US$ 48.49 billion 97:Eversource Energy 91: 90: 83: 16:(Redirected from 2410: 2349: 2347: 2345: 2338:The Norwalk Hour 2292: 2291: 2289: 2288: 2269: 2263: 2262: 2260: 2259: 2240: 2234: 2233: 2226: 2220: 2219: 2217: 2216: 2188: 2182: 2181: 2179: 2178: 2159: 2153: 2152: 2150: 2149: 2134: 2128: 2127: 2125: 2124: 2105: 2099: 2098: 2096: 2095: 2076: 2070: 2069: 2067: 2066: 2047: 2041: 2040: 2038: 2037: 2018: 2012: 2011: 2009: 2007: 1988: 1982: 1981: 1979: 1977: 1958: 1952: 1951: 1949: 1947: 1928: 1922: 1921: 1919: 1918: 1897: 1891: 1890: 1888: 1887: 1868: 1862: 1861: 1859: 1858: 1839: 1833: 1832: 1830: 1828: 1808: 1802: 1801: 1799: 1797: 1791: 1784: 1776: 1770: 1769: 1767: 1766: 1747: 1741: 1740: 1738: 1737: 1718: 1712: 1711: 1709: 1708: 1693: 1687: 1686: 1684: 1683: 1672:The Boston Globe 1663: 1657: 1656: 1654: 1652: 1643:. 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