Eversource Energy responds to the Connecticut Public Utilities Regulatory Authority (PURA) decision rejecting the Aquarion Water Company sale.
The company reaffirms its strong financial position and strategic initiatives in light of recent regulatory developments.
Eversource plans to file an Aquarion rate case and remains committed to providing reliable energy and water services.
Financial Update
Eversource issued common equity and $600 million in parent company debt to manage capital effectively.
Earnings Guidance
Reaffirmed 2025 full-year non-GAAP recurring earnings guidance and expected annual earnings growth rate.
Regulatory Evaluation
Evaluating legal remedies post-PURA decision and planning an Aquarion rate case submission.
- The rejection of the Aquarion sale by PURA prompts Eversource to reassess its strategic-financial approach.
- Eversource's proactive response to the regulatory challenges reflects its commitment to maintaining financial stability and growth.
- The company's strong FFO to debt metrics and earnings projections illustrate confidence in its resilience and future prospects.
Eversource's proactive measures and strategic planning demonstrate resilience in the face of regulatory hurdles, ensuring continued operational excellence and financial strength.