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)

8,234

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
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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

Account Executive

Board of Trustees

General Partner at New Heritage Capital LLC

President & Chief Executive Officer at Eversource Energy

President & Chief Executive Officer at Connell Limited Partnership

Chairman-Emeritus at Blue Cross & Blue Shield of Massachusetts, Inc.

Founder at Brewer Lane Ventures

Former Partner at Ernst & Young LLP

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

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

Director at Ledyard National Bank (Investment Management)

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

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Eversource Energy
Owners & Shareholders
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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.

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PWM offers discretionary and non-discretionary investment advisory services. Client accounts for which PWM serves as investment adviser are referred to as \"advisory accounts\". Advisory accounts may be managed directly by a client's relationship manager (Private Wealth Advisor/PWA) or by teams of portfolio management personnel within PWM. These advisors may rely on strategic and tactical asset allocation recommendations prepared by ISG, a team of GS&Co. investment professionals that serve as a resource for Private Wealth Management teams. PWAs may also use model portfolios provided by GSAM and research published by Goldman Sachs, or a variety of other investment analysis tools. They may also use research or research lists published by Goldman Sachs, or use a variety of other investment analysis tools when managing advisory accounts. Portfolio Management Teams may manage advisory accounts that utilize strategies investing in particular asset classes and investments, including taxable fixed income, municipal fixed income, structured investments (including structured notes, certificates of deposit, warrants, ownership units and other types of investment interests whose return is dependent upon the returns of one or more referenced assets) and listed and OTC options.

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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. They believe that change leads to opportunity' and encourage individual thinking which is crucial to identify the companies that offer the best growth prospects. 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. Constant communication and research prioritization meetings between analysts and other investment professionals underpins the firm's research process, and results in development of their recommended list. Portfolio managers construct equity and fixed-income model portfolios in teams. The interaction between team members ensures a cohesive, consistent approach to stock selection and implementation. Risk is assessed throughout the investment process and a specialist team formally monitors portfolio risk using risk models and other controls.

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

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Granite Shore Power LLC purchases Eversource Energy /5 Power Generation Facilities from Eversource Energy

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Eversource Energy purchases Aquarion Co. from Macquarie Infrastructure Partners, Inc.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onEversource Energy raised money in a private placement transaction

Investment Advisor

Advised onABB Ltd., Energy Capital Partners LLC purchase FirstLight Hydro Generating Co. from Eversource Energy

Investment Advisor

Advised onEversource Energy purchases NSTAR

Co-Chair, Energy & Infrastructure Group

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

Associate

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

Legal Advisor

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

Advisors & Consultants
Legal Advisor

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

Advisor

Corporate Managing Director at Savills Studley, Inc.

Clients

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

Refer to Schedule O, Page 67The Park School is dedicated to excellence in education.The cornerstone of Park's program is academic excellence combining both high standards of scholarship and the encouragement of each child to develop to his or her greatest potential. Our school community fosters a nurturing environment in which children develop curiosity, express creativity, appreciate the value of hard work and discipline, and experience the joy of learning. Park's faculty encourages each student to strive for intellectual, physical and moral growth, and to become contributing members of the community.Park is committed to being a metropolitan, coeducational, day school of diverse races, religions, cultures, and backgrounds. Central to its mission is an appreciation of similarities and differences of perspective and the interdependence of all people. As a family school, Park is a community in which the dignity of each child, teacher, and parent is respected.

Key Stats and Financials As of 2019
Market Capitalization
$25.7B
Total Enterprise Value
$43.2B
Earnings Per Share
$2.81
Revenue
$8.53B
EBITDAMargin
34.14%
Net Profit
$909M
EBITDA
$2.91B
Debt TEV
0.36x
TEVNet Income
47.51x
Enterprise Value EBITDAOperating
14.82x
Enterprise Value Sales
5.07x
Total Debt
$15.6B
Total Equity
$12.8B
Three Year Compounded Annual Growth Rate Of Revenue
3.73%
Five Year Compounded Annual Growth Rate Of Revenue
1.95%
Non-Profit Donations & Grants
Political Donations
Investments
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Acumentrics Holding Corp. 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.

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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.

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FirstLight Power Resources, Inc. owns and operates a portfolio of hydro-generation plants in Connecticut and Massachusetts. It provides carbon free electric generation and energy storage. The company was founded in 2006 and is headquartered in Burlington, MA.

Suppliers
Providence & Worcester Railroad Co. Railroads | 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. Power & Utilities | Lowell, MA

TRC Cos., Inc. provides technology-enabled solutions to the power, oil and gas, environmental, and infrastructure markets. The firm provides air quality, building sciences and industrial hygiene, coal ash, and construction management. The firm services include planning, field and inspection, operations, and procurement. It offers unparalleled environmental, consultative, engineering and applied technology experience. The company was founded in 1961 and is headquartered in Lowell, MA.

Quanta Services, Inc. IT 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. It also focuses on the design, installation, upgrade, repair, and maintenance of infrastructure within each of the industries it serves. It operates through the Electric Power Infrastructure Services, and Pipeline and Industrial Infrastructure Services segment. The Electric Power Infrastructure Services segment provides network solutions to customers in the electric power industry. The Pipeline and Industrial Infrastructure Services segment offers infrastructure solutions to customers involved in the development and transportation of natural gas, oil and other pipeline 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.

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.

PPL Corp. Power & Utilities - Allentown, PA

As dramatic changes have come to the worldwide energy business, PPL Corporation has emerged as a company that is reinventing the way customers and investors think about electricity. PPL Corporation believes the future belongs to energy companies that understand customer needs and are focused on deliberate growth that maximizes shareowner value. This approach has led us to Montana, Kentucky, England and Wales. And we reliably deliver electricity in Pennsylvania, where our company began more than 90 years ago. Headquartered in Allentown, Pa., PPL controls or owns about 19,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets, and delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom. PPL has adopted an integrated corporate strategy to generate and sell competitively priced energy in key U.S. markets and operate high-quality energy delivery businesses in selected regions around the world. We are accomplishing these objectives by expanding the reach of the basic approach that has made us one of most successful electric companies in the United States — a focus on excellence in operations, financial discipline and outstanding customer relationships

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
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