Eversource Energy

Eversource Energy

Eversource Energy

Overview
Date Founded

1966

Headquarters

800 Boylston Street, 17th Floor, Boston, Massachusetts, 02199, United States

Type of Company

Public

Employees (Worldwide)

9,299

Industries

Power & Utilities
Oil & Gas
Other Business & Consulting Services
Shipping & Delivery

Company Description

At Northeast Utilities, our vision is summed up in the words Energy, Growth, and Leadership. Today, the key elements are in place to support our vision – a focused business strategy to guide us, a streamlined organizational structure to support us, and a renewed commitment to serve our customers, our shareholders, our company and each other to the best of our abilities. Our strategic decision to focus on regulated business opportunities has strengthened our company’s financial position, though many challenges remain – a volatile energy marketplace, rising energy prices and meeting the increasing service expectations of our customers and the communities we serve. Using this vision to guide us will enable us to meet these challenges now and in the future

Contact Data
Trying to get in touch with decision makers at Eversource Energy? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President & Chief Operating Officer

Executive Vice President & General Counsel

Vice President, Controller & Chief Accounting Officer

Executive Vice President-Human Resources & Information Technology

Executive Director

Senior Account Executive

Chief Compliance Officer & Deputy General Counsel

Chief Information Officer

Board of Trustees

President & Chief Executive Officer at Eversource Energy

President & Chief Executive Officer at Connell Limited Partnership

Founder & Managing Partner at Brewer Lane Ventures

Former Chief Executive Officer at Blue Cross & Blue Shield of Massachusetts, Inc.

Former Partner at Ernst & Young LLP

President & Chief Executive Officer at Whittier Street Health Center Committee, Inc.

Director at Ledyard National Bank (Investment Management)

Director-Rappaport Institute at Harvard University - John F. Kennedy School of Government

Chairman, President & Chief Executive Officer at Liberty Mutual Holding Co., Inc.

Fund Advisor at Putnam Investment Management LLC

Paths to Eversource Energy
Potential Connections via
Relationship Science
You
Eversource Energy
Owners & Shareholders
Details Hidden

MAML is an active manager which aims to deliver attractive risk-adjusted returns over the medium to long-term while reducing the risk of permanent capital loss through global equities and global listed infrastructure strategies. The firm seeks to find outstanding global companies at attractive prices. Their portfolio construction process incorporates fundamental, bottom-up stock analysis (using both an assessment of quality and value) and its macroeconomic research and risk management framework.

Details Hidden

RREEF primarily manages direct real estate, as well as real estate, real asset, and infrastructure securities portfolios. The firm implements a rigorous, value-focused bottom-up investment process.

Details Hidden

NIM is a thematic, team-oriented manager which conducts in-house research to identify themes and trends that influence, or are likely to influence, economies or stock markets globally. The firm is a holistic investor which follows global trends and economic developments as they interpret them. Their economists, analysts, portfolio managers and strategists develop and apply themes which are their interpretation of the forces of global change affecting companies. They focus their research on the areas that they believe are most likely to yield the best performing securities. NIM's analysts seek out companies with attractive value and strong fundamentals which may benefit from one or more themes. Portfolio managers construct equity and fixed-income model portfolios in teams. Risk is assessed throughout the investment process and a specialist team formally monitors portfolio risk using risk models and other controls.

Recent Transactions
Details Hidden

Aquarion Water Co. of Connecticut, Eversource Energy purchase New England Service Co.

Details Hidden

Eversource Energy purchases Bay State Gas Co. from NiSource, Inc.

Details Hidden

Eversource Energy issued USD Common Stock

Transaction Advisors
Investment Advisor

Advised onEversource Energy purchases NSTAR

Underwriter

Advised onEversource Energy issued USD Common Shares

Auditor

Advised onEversource Energy issued USD Common Shares

Professional

Advised onEversource Energy issued USD Common Shares

Underwriter

Advised onEversource Energy issued USD Common Shares

Co-Chair, Energy & Infrastructure Group

Advised onEversource Energy purchases Bay State Gas Co. from NiSource, Inc.

Advisors & Consultants
Legal Advisor

Partner, Tax at Skadden, Arps, Slate, Meagher & Flom LLP

Advisor

Corporate Managing Director at Savills Studley, Inc.

Advisor

Facilitator & Coach, Northeast US at Results By Design® LLC

Clients

For more than 180 years, Consolidated Edison, Inc. has served the world's most dynamic and demanding marketplace - metropolitan New York. Con Edison's principal business segments are Consolidated Edison Company of New York's regulated electric, gas and steam utility activities, Orange & Rockland Utilities' (O&R) regulated electric and gas utility activities, and Con Edison's competitive energy businesses. Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County. The company also provides steam service in parts of Manhattan. O&R provides electric service to 301,000 customers in southeastern New York and adjacent areas of northern New Jersey and eastern Pennsylvania and gas service to 130,000 customers in southeastern New York and adjacent areas of eastern Pennsylvania. Con Edison's competitive energy businesses participate in segments of the electricity industry that are less comprehensively regulated than our regulated businesses. These segments include the operation of electric generation facilities, trading of electricity and fuel, sales of electricity to wholesale and retail customers, and sales of certain energy-related goods and services. Con Edison Solutions sells electricity directly to delivery-service customers of utilities primarily in the Northeast and Mid-Atlantic regions and also offers energy-related services. Con Edison Development participates in infrastructure projects. During the second quarter of 2008, Con Edison Development and its subsidiary, CED/SCS Newington, LLC, completed the sale of their ownership interests in power generating projects with an aggregate capacity of approximately 1,706 MW. Con Edison Energy procures electric energy and capacity for Con Edison Solutions and fuel for other companies. It sells the electric capacity and energy produced by plants owned, leased, or operated by others. The company also provides energy risk management services to Con Edison Solutions, offers these services to others, and enters into wholesale supply transactions. As a result of our performance, we have been able to increase our dividend each of the past 38 years. Few companies can match that achievement. We remain committed to providing our shareholders a superior, low-risk, long-term total return.

DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO, "OUR BEST TODAY, BETTER TOMORROW."

POMFRET SCHOOL IS A COLLEGE PREPARATORY BOARDING AND DAY SCHOOL FOR BOYS AND GIRLS IN GRADES 9 THROUGH 12 AND POSTGRADUATE. POMFRET SCHOOL CULTIVATES A HEALTHY INDEPENDENCE OF MIND, BODY, AND SPIRIT IN ITS STUDENTS AS IT PREPARES

Key Stats and Financials As of 2020
Market Capitalization
$29.6B
Total Enterprise Value
$47.5B
Earnings Per Share
$3.55
Revenue
$8.9B
EBITDA
$3.16B
Net Profit
$1.21B
EBITDAMargin
35.53%
Enterprise Value / Sales
5.34x
Enterprise Value EBITDAOperating
15.01x
TEVNet Income
39.44x
Debt TEV
0.38x
Total Equity
$14.2B
Total Debt
$18.1B
Three Year Compounded Annual Growth Rate Of Revenue
4.73%
Non-Profit Donations & Grants
Political Donations
Investments
Details Hidden

Acumentrics, Inc. manufactures custom power products. It specializes in the developing and manufacturing of power generation and power quality systems. The firm bases these systems on solid oxide fuel cell (SOFC) technology and Ruggedized UPS and Power supplies for military and industrial power conditioning and backup. The company was founded by Gary Mookand and Raymond DeSabato in 1994 and is headquartered in Westwood, MA.

Details Hidden

Eavor Technologies, Inc. generates green baseload power. The company was founded in 2017 and is headquartered in Calgary, Canada.

Details Hidden

RWDC Industries Pte Ltd. develops biopolymer material solutions. It develops polyhydroxyalkanoate emulsion for paper and paperboard which can replace polyethylene in plastic-lined food packaging. The company was founded by Roland Wee and Daniel Carraway in 2015 and is headquartered in Singapore.

Suppliers
Providence & Worcester Railroad Co. Industrial Machinery & Manufacturing | Worcester, MA

The Providence and Worcester Railroad Company is a short-line freight railroad operating in Massachusetts, Rhode Island, Connecticut and New York. The Company interchanges freight traffic with CSXT at Worcester, MA and at New Haven, CT; with Pan Am Railways at Worcester, MA; with Pan Am Southern and Norfolk Southern Corporation at Gardner, MA; with the New England Central Railroad and Canadian Pacific Railway at Willimantic, CT; with the New York and Atlantic Railroad at Fresh Pond Junction (Queens), NY; with the Connecticut Southern Railroad at Hartford, CT; and with Canadian National Railway through a cooperative operating arrangement with the New England Central Railroad over the “Great Eastern Route” at East Alburg, VT. It operates four classification yards in Worcester, MA, Cumberland, RI, and Plainfield and New Haven, CT. The Worcester, MA and Plainfield, CT locations also house equipment maintenance facilities. The Company transports a wide variety of commodities for its approximately 140 customers, including automobiles, construction aggregates, iron and steel products, chemicals, lumber, scrap metals, plastic resins, cement, coal, ethanol, construction and demolition debris, processed foods and edible foodstuffs, such as frozen foods and corn syrup. In 2012, the Company transported 31,725 carloads of freight. By agreement with a private operator, the Company also serves an approved customs-bonded intermodal yard in Worcester, primarily for the movement of container traffic from the Far East destined for points in New England. Several major container ship lines utilize double-stack train service through this terminal. The Company works closely with the terminal operator to develop and maintain strong relationships with steamship lines involved in international intermodal transportation. In 2012, the Company handled 16,113 intermodal containers. The Company also generates income through sales of properties, grants of easements and licenses, and leases of land and tracks..

TRC Cos., Inc. Management Consulting | Windsor, CT

TRC Cos., Inc. engages in the provision of technology-enabled solutions to the power, oil and gas, environmental, and infrastructure markets. It offers planning, engineering, operations support, and consulting services. The company was founded in 1961 and is headquartered in Windsor, CT.

Quanta Services, Inc. Other Business & Consulting Services | Houston, TX

Quanta Services, Inc. engages in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries. The firm operates through the Electric Power Infrastructure Services, and Underground Utility and Infrastructure Solutions segment. The Electric Power Infrastructure Services segment provides network solutions to customers in the electric power industry. The Underground Utility and Infrastructure Solutions segment offers comprehensive infrastructure solutions to customers involved in the development, transportation, distribution, storage and processing of natural gas, oil and other products. The company was founded by Kevin D. Miller, Steven P. Colmar, William G. Parkhouse and John R. Colson on August 19, 1997 and is headquartered in Houston, TX.

Competitors
Public Service Enterprise Group, Inc. Power & Utilities - Newark, NJ

Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. The firm operates through the following two segments: Public Service Electric & Gas Co. (PSE&G) and PSEG Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas. The PSEG Power segment wholesales energy, fuel supply, and energy transacting functions. Its products and services include energy, capacity, ancillary services, and emissions allowances and congestion credits. The company was founded in 1903 and is headquartered in Newark, NJ.

FirstEnergy Corporation Power & Utilities - Akron, OH

FirstEnergy (NYSE: FE) is a diversified energy company dedicated to safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems and a diverse generating fleet with a total capacity of more than 20,000 megawatts.

Consolidated Edison, Inc. Power & Utilities - New York, NY

For more than 180 years, Consolidated Edison, Inc. has served the world's most dynamic and demanding marketplace - metropolitan New York. Con Edison's principal business segments are Consolidated Edison Company of New York's regulated electric, gas and steam utility activities, Orange & Rockland Utilities' (O&R) regulated electric and gas utility activities, and Con Edison's competitive energy businesses. Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County. The company also provides steam service in parts of Manhattan. O&R provides electric service to 301,000 customers in southeastern New York and adjacent areas of northern New Jersey and eastern Pennsylvania and gas service to 130,000 customers in southeastern New York and adjacent areas of eastern Pennsylvania. Con Edison's competitive energy businesses participate in segments of the electricity industry that are less comprehensively regulated than our regulated businesses. These segments include the operation of electric generation facilities, trading of electricity and fuel, sales of electricity to wholesale and retail customers, and sales of certain energy-related goods and services. Con Edison Solutions sells electricity directly to delivery-service customers of utilities primarily in the Northeast and Mid-Atlantic regions and also offers energy-related services. Con Edison Development participates in infrastructure projects. During the second quarter of 2008, Con Edison Development and its subsidiary, CED/SCS Newington, LLC, completed the sale of their ownership interests in power generating projects with an aggregate capacity of approximately 1,706 MW. Con Edison Energy procures electric energy and capacity for Con Edison Solutions and fuel for other companies. It sells the electric capacity and energy produced by plants owned, leased, or operated by others. The company also provides energy risk management services to Con Edison Solutions, offers these services to others, and enters into wholesale supply transactions. As a result of our performance, we have been able to increase our dividend each of the past 38 years. Few companies can match that achievement. We remain committed to providing our shareholders a superior, low-risk, long-term total return.

Awards & Honors
Rank #343
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #343
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Eversource Energy. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Eversource Energy's profile does not indicate a business or promotional relationship of any kind between RelSci and Eversource Energy.