Strong Earnings Growth
Earnings for the second quarter were $0.96 a share, in line with expectations. The company is reaffirming its 2025 EPS guidance range of $4.67 to $4.82 per share, as well as its long-term EPS growth projection of 5% to 7% through 2029.
Infrastructure Investment Plan Increase
Eversource announced a 10% increase in its 5-year infrastructure investment plan, reinforcing expectations and validating investments to capitalize on growth momentum.
Positive Developments in New Hampshire
The company received a constructive decision on the rate case for a public service company of New Hampshire with a $100 million rate increase based on an ROE of 9.5%. A new performance-based rate mechanism with a 4-year term was also approved.
Progress in Regulatory Approvals
Connecticut's SB4 allows for securitization of storm costs, and the Aquarion divestiture process continues to progress well, with expectations to close the sale by the end of the year.
Innovative Projects and Sustainability Achievements
The company launched its annual sustainability report, highlighting major projects like the Cambridge Underground substation and the Outer Cape battery energy storage system, which have received industry recognition.