EVERSOURCE ENERGY Files Routine 8-K on Feb 29, 2024

TL;DR

**EVERSOURCE ENERGY just filed a routine 8-K, nothing major to see here.**

AI Summary

EVERSOURCE ENERGY filed an 8-K on February 29, 2024, reporting an 'Other Event' and 'Financial Statements and Exhibits'. The filing indicates no specific financial transactions or major corporate changes, but rather a routine update to the SEC. The company's business address is 300 Cadwell Drive, Springfield, Massachusetts, 01104, and its telephone number is (800) 286-5000.

Why It Matters

This filing is a standard regulatory update, indicating ongoing compliance by EVERSOURCE ENERGY with SEC requirements, though it doesn't detail any new material events.

Risk Assessment

Risk Level: low — The 8-K is a standard regulatory filing with no disclosed material events or changes that would indicate increased risk.

Key Players & Entities

• EVERSOURCE ENERGY (company) — Registrant
• February 29, 2024 (date) — Date of earliest event reported
• 300 Cadwell Drive, Springfield, Massachusetts, 01104 (address) — Principal executive offices
• (800) 286-5000 (phone_number) — Registrant's telephone number
• 001-05324 (other) — Commission File Number

FAQ

Key Financial Figures

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

Filing Documents

• tm247576d1_8k.htm (8-K) — 33KB
• tm247576d1_ex99-1.htm (EX-99.1) — 9KB
• tm247576d1_ex99-1img001.jpg (GRAPHIC) — 5KB
• 0001104659-24-029234.txt ( ) — 223KB
• es-20240229.xsd (EX-101.SCH) — 3KB
• es-20240229_lab.xml (EX-101.LAB) — 33KB
• es-20240229_pre.xml (EX-101.PRE) — 22KB
• tm247576d1_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events . On February 29, 2024, Eversource Energy ("Eversource") issued a news release announcing that, following the recent re-bid of the Sunrise Wind offshore wind farm by joint venture partners Eversource and rsted, New York has selected the project in its latest solicitation, New York 4, to deliver substantial economic benefits and advance climate goals. The ready-to-build project would be the largest U.S. offshore wind farm upon its completion in 2026. With this successful award, Eversource will remain contracted to lead Sunrise Wind's onshore construction even after finalizing the agreement to sell its 50-percent interest in the project to rsted. Upon the completion of a successful sale, Eversource no longer expects to have any risk exposure related to Sunrise Wind, including abandonment costs that were assumed in its impairment assessment. Eversource expects the sale of Sunrise Wind to rsted will be completed later this year, subject to customary regulatory approvals. Sunrise Wind will now begin the next steps of finalizing agreements with New York's energy agency, NYSERDA, on the OREC (Offshore Wind Renewable Energy Certificates) contract. The completion of Eversource's agreement to sell its interest in the project is subject to signing of an OREC contract with NYSERDA, finalization of acquisition agreements, receipt of the federal construction and operations plan (COP), and relevant regulatory approvals. The project's design has been reviewed and accepted by all relevant state agencies, and it has secured all major supplier and project labor agreements. Sunrise Wind is scheduled to be operational in 2026 and will begin the full scope of construction once it has received all federal permits, slated for this summer, and following a final investment decision by rsted that is anticipated in the second quarter of 2024.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes future financial performance or growth and other statements that are not historical facts. These statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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," "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, the following 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: cyberattacks or breaches, including those resulting in the compromise of the confidentiality of our proprietary information and the personal information of our customers; our ability to complete the offshore wind investments sales process on the timelines, terms and pricing we expect; if we and the counterparties are unable to satisfy all closing conditions and consummate the purchase and sale transactions with respect to our offshore wind assets; if we are unable to qualify for investment tax credits related to these projects; if we experience variability in the projected construction costs of the off

Financial Statements and Exhibits

Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Eversource Energy news release, dated February 29, 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) February 29, 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