Eversource Energy Files 8-K for 'Other Events' on Jan 25, 2024

TL;DR

**Eversource Energy just dropped an 8-K for 'Other Events' on Jan 25, 2024, signaling new info is out.**

AI Summary

Eversource Energy filed an 8-K on January 25, 2024, to report an 'Other Event' and 'Financial Statements and Exhibits.' This filing indicates that the company is likely disclosing information that doesn't fit neatly into other categories but is still important for investors to know. For shareholders, this matters because it signals that new, potentially significant information about the company's operations or financial health has been released, which could influence future stock performance.

Why It Matters

This filing indicates Eversource Energy is disclosing new information, which could impact investor perception and stock valuation, even if the specific details aren't yet public.

Risk Assessment

Risk Level: medium — The 'Other Events' category in an 8-K can cover a wide range of topics, some of which could be significant and carry financial risk, but without specific details, the exact risk is unknown.

Analyst Insight

Investors should monitor subsequent filings or company announcements for the specific details of the 'Other Events' mentioned in this 8-K to understand their potential impact on Eversource Energy.

Key Players & Entities

• EVERSOURCE ENERGY (company) — the registrant filing the 8-K
• January 25, 2024 (date) — date of earliest event reported and filing date
• 001-05324 (other) — Commission File Number for Eversource Energy
• Massachusetts (other) — State of incorporation for Eversource Energy

FAQ

Key Financial Figures

• $5.00 — ge on which registered Common Shares, $5.00 par value per share ES New York Sto

Filing Documents

• tm244157d1_8k.htm (8-K) — 34KB
• tm244157d1_ex99-1.htm (EX-99.1) — 16KB
• tm244157d1_ex99-1img001.jpg (GRAPHIC) — 7KB
• 0001104659-24-006744.txt ( ) — 235KB
• es-20240125.xsd (EX-101.SCH) — 3KB
• es-20240125_lab.xml (EX-101.LAB) — 33KB
• es-20240125_pre.xml (EX-101.PRE) — 22KB
• tm244157d1_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events . On January 25, 2024, Sunrise Wind, an offshore wind project jointly owned 50 percent by Eversource Energy ("Eversource") and 50 percent by rsted, issued a news release announcing that Eversource and rsted today submitted a new proposal for Sunrise Wind in response to New York's latest offshore wind solicitation, re-bidding an updated project that, if selected, would fulfill its promise to deliver substantial economic benefits across New York and play a critical role in advancing the state's climate goals. Sunrise Wind would deliver up to 924 megawatts of clean energy to New York. As the most mature offshore wind project in the energy by 2030, while paving the way for future state projects and accelerating the state's growing offshore wind workforce and supply chain. The Sunrise Wind design has been reviewed and accepted by all relevant state agencies, and the project has secured all major supplier and project labor agreements to commence work shortly after award. Final federal permits are expected this summer. Sunrise Wind has earned broad bipartisan support across New York from local elected officials and business, community, labor and environmental organizations. rsted to Become Sole Owner in Successful Sunrise Wind Award In advancing the re-bid for Sunrise Wind, the joint venture reached an agreement for rsted to acquire Eversource's 50 percent share in the project if it is awarded a contract in New York's fourth offshore wind solicitation. In a successful re-bid, rsted would become the sole owner of Sunrise Wind, while Eversource would remain contracted to lead the project's onshore construction. Should Sunrise be successful in the re-bid, rsted would pay Eversource 50 percent of the negotiated purchase price upon closing the sales transaction, with the remaining 50 percent paid when onshore constructi

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes statements concerning Eversource's expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events and other statements that are not historical facts, including the progress and anticipated timing of its offshore wind investment sale process, the potential terms thereof, participation in and outcome of rebidding in the New York RFP and its plans for building onshore interconnection systems. These statements are "forward-looking statements" within the meaning of U.S. federal securities laws. Generally, readers can identify these forward-looking statements through the use of words or phrases such as "estimate," "expect," "anticipate," "intend," "plan," "project," "believe," "forecast," "would," "should," "could" and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements. Forward-looking statements are based on the current expectations, estimates, assumptions or projections of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections may vary materially from actual results. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, important factors that may cause our actual results or outcomes to differ materially from those contained in our forward-looking statements, including, but not limited to: our ability to complete the offshore wind investment sale process on the timeline or the terms we expect; the risk that we and the potential purchaser, or the potential purchaser and rsted, are unable to reach definitive agreements necessary to consummate the transactions described above; the outcome of the power purchase agreement bid process for Sunrise Wind and the risk of losing the bid to a competing offer; the ability to qual

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 News release of Sunrise Wind, dated January 25, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the report to be signed on its behalf by the undersigned hereunto duly authorized. EVERSOURCE ENERGY (Registrant) January 25, 2024 By: /s/ Jay S. Buth Jay S. Buth Vice President, Controller and Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR