On the Record · Eversource Energy
Eversource Energy acquisitions, on the record
The businesses Eversource Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Global Infrastructure Partners (GIP)Word for word“On February 13, 2024, Eversource announced that it has executed an agreement to sell its existing 50 percent interests in the South Fork Wind and Revolution Wind projects to Global Infrastructure Partners (GIP).” 10-K for 2023 | agreed divestiture | — | — |
Ørsted (Sunrise Wind 50 percent share)Word for word“On January 24, 2024, Ørsted signed an agreement with Eversource to acquire Eversource's 50 percent share of Sunrise Wind.” 10-K for 2023 | agreed divestiture | — | — |
Ørsted (50 percent interest in uncommitted lease area)Word for word“On September 7, 2023, Eversource completed the sale of its 50 percent interest in an uncommitted lease area consisting of approximately 175,000 developable acres located 25 miles off the south coast of Massachusetts to Ørsted for $ 625 million in an all-cash transaction.” 10-K for 2023 | divestiture | On September 7, 2023 | — |
Consolidated Communications poles and pole assets (PSNH)Word for word“the impact of a new regulatory tracking mechanism at PSNH that allows for the recovery of previously incurred operating expenses associated with poles acquired on May 1, 2023.” 10-K for 2023 | acquisition | May 1, 2023 | — |
Aquarion water distribution businessWord for word“In December 2024, final bids were received, and Eversource obtained approval from its Board of Trustees to sell the Aquarion water distribution business.” 10-K for 2024 | agreed divestiture | — | — |
Sunrise Wind project (50 percent ownership share) to ØrstedWord for word“In accordance with the equity and asset purchase agreement and after adjustment for a reduction in capital spending compared to forecasted amounts, adjusted proceeds totaled $152 million.” 10-K for 2024 | divestiture | — | adjusted proceeds totaled $152 million |
South Fork Wind and Revolution Wind projects (50 percent ownership share) to GIPWord for word“On September 30, 2024, Eversource completed the sale of its 50 percent ownership share in the South Fork Wind and Revolution Wind projects to GIP for adjusted gross proceeds of $745 million, which were received at closing.” 10-K for 2024 | divestiture | September 30, 2024 | adjusted gross proceeds of $745 million |
uncommitted lease area approximately 175,000 developable acres off the south coast of Massachusetts, sold to ØrstedWord for word“On September 7, 2023, Eversource completed the sale of its 50 percent interest in an uncommitted lease area consisting of approximately 175,000 developable acres located 25 miles off the south coast of Massachusetts to Ørsted for $625 million in an all-cash transaction.” 10-K for 2024 | divestiture | September 7, 2023 | $625 million |
Torrington Water CompanyWord for word“Issuance of Treasury Shares for Acquisition of The Torrington Water Company 925,264 54,830 17,303 72,133 Other Comprehensive Income 2,854 2,854 Balance as of December 31, 2022 348,443,855 1,799,920 8,401,731 5,527,153 ( 39,421 ) ( 216,225 ) 15,473,158 Net Loss ( 434,721 ) ( 434,721 ) Dividends on Common Shares - $ 2.70 Per Share ( 942,398 ) ( 942,398 ) Dividends on Preferred Stock ( 7,519 ) ( 7,519 ) Long-Term Incentive Plan Activity 1,375 1,375 Issuance of Treasury Shares 1,096,411 57,770 20,543 78,313 Other Comprehensive Income 5,684 5,684 Balance as of December 31, 2023 349,540,266 1,799,920 8,460,876 4,142,515 ( 33,737 ) ( 195,682 ) 14,173,892 Net Income 819,172 819,172 Dividends on Common Shares - $ 2.86 Per Share ( 1,025,027 ) ( 1,025,027 ) Dividends on Preferred Stock ( 7,519 ) ( 7,519 ) Issuance of Common Shares - $ 5 par value 15,740,294 78,702 921,387 1,000,089 Capital Stock Expense ( 10,642 ) ( 10,642 ) Long-Term Incentive Plan Activity ( 6,557 ) ( 6,557 ) Issuance of Treasury Shares 1,327,492 63,841 24,873 88,714 Other Comprehensive Income 7,265 7,265 Balance as of December 31, 2024 366,608,052 $ 1,878,622 $ 9,428,905 $ 3,929,141 $ ( 26,472 ) $ ( 170,809 ) $ 15,039,387 The accompanying notes are an integral part of these consolidated financial statements.” 10-K for 2024 | acquisition | 2022 | — |
PSNH poles acquired from Consolidated CommunicationsWord for word“The NHPUC also authorized PSNH to recover certain expenses associated with the operation and maintenance of the transferred poles, pole inspections, and vegetation management expenses through a new cost recovery mechanism, the Pole Plant Adjustment Mechanism (PPAM), subject to consummation of the purchase agreement.” 10-K for 2024 | acquisition | — | — |
Sunrise Wind (50 percent ownership share)Word for word“On July 9, 2024, Eversource completed the sale of its 50 percent ownership share of Sunrise Wind to Ørsted for adjusted proceeds of $ 152 million.” 10-K for 2025 | divestiture | On July 9, 2024 | $ 152 million |
South Fork Wind and Revolution Wind projects (50 percent ownership share)Word for word“On September 30, 2024, Eversource completed the sale of its 50 percent ownership share in the South Fork Wind and Revolution Wind projects to GIP for adjusted gross proceeds of $ 745 million, which were received at closing.” 10-K for 2025 | divestiture | On September 30, 2024 | $ 745 million |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2017-12-31 | $900 million |
| 2020-12-31 | $42 million |
| 2021-12-31 | $21 million |
Deal filings since 2016
- 2024-02-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-10-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Eversource Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.