Description: Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service. Explore our commitment to sustainability and the environment. The Environmental Defense Fund said both utilities routinely reserved big deliveries of natural gas on the Algonquin pipeline system for frigid days, but then sharply reduced those orders too late in the day for others to use that capacity. Case Number: 01-CA-206424 Date Filed: 09/15/2017 Status: Closed Location: WESTWOOD, MA Region Assigned: Region 01, Boston, Massachusetts Reason Closed: Withdrawal Adjusted Docket Activity. Organization Chart Careers ... EVERSOURCE ENERGY. Eversource Energy's stock was trading at $87.79 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Eversource Energy has participated in a number of projects to improve the reliability of the power grid in southwest Connecticut. 23,147 likes. In November 2005, the company announced it would sell its unregulated competitive businesses, including generation and energy services. Leadership. In October 2010, Northeast Utilities announced that it would merge with NSTAR, the major electric and gas provider in Greater Boston, with the resulting company retaining the Northeast Utilities name for the next several years. Intent. PSNH continued to operate regulated hydroelectric and fossil fuel generation assets to serve its default/basic service customers who did not choose an alternative competitive supplier. [30], In 2015, Eversource fought the rooftop solar industry and supported anti-solar policies. Scoops about Eversource . View historical ES stock price data to see stock performance over time. Sanford Cloud, Jr., Lead Trustee, This page was last edited on 16 January 2021, at 07:54. In addition, Eversource's Board has adopted an additional standard under which a charitable relationship will not be considered to be a material relationship that would impair a trustee's independence if a trustee serves as an officer, director or trustee of a charitable organization and Eversource's, or the Eversource … Golden, co-chairman of the Committee on Telecommunications, Utilities and Energy, helped write the 2016 law that permits utilities to levy a new minimum monthly charge, and he told Eversource executives they were making it "extremely, extremely difficult" for him to continue to support them in the policy.[38]. Committee Membership. [32] New Hampshire's cap is lower than all neighboring states. Email. Chatham to the Phillies in exchange for a player to be named later or cash considerations. Michael Fraga. It should sit at the heart of your organization and be tailored to your organization’s specific business objectives and organizational structure. Demonstrating care and respect for others, doing the right thing in all cases, acting openly and honestly — this is all at the heart of a work environment that’s welcoming, supportive and productive for all of us. [17], In June 2017 Eversource announced its merger with Aquarion Water Company for $1.675 billion. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Green Bond. We have who you are looking for. h�b``�b``�����(� �� ��,�30`q` �@�����2�b!�H(P�K � ��E�K���3�``���p9����g*�u���L�z�4#�b^��e>�?��LǮBDM j� Eversource Internal Use Only. Eversource predecessor Northeast Utilities (NU) was formed on July 1, 1966, with the merger of Connecticut Light and Power Company (CL&P, formed in 1917), Western Massachusetts Electric Company (WMECO, formed in 1886), and the Hartford Electric Light Company (HELCO, formed in 1878) under a single parent company, creating the first new multi-state public utility holding company since the enactment of the Public Utility Holding Company Act of 1935. Recent News About Michael Fraga. A CoE for a small sales organization will look different from one of a large global manufacturing company. officials approve Eversource rate hike - The Boston Globe", "AG Healey Appeals Eversource Rate Case Decision", "Golden, Barrett upset over Eversource solar charge", "The week in business - The Boston Globe", "How Local Utilities Gamed the Natural-Gas Market", "FERC Staff Inquiry Finds No Withholding of Pipeline Capacity in New England Markets", "6 New England residents file class-action lawsuit for overcharging against Eversource, Avangrid", "Judge dismisses antitrust lawsuit against energy providers Eversource, Avangrid - Reuters", "Eversource sends cease-and-desist letter to environmental group - The Boston Globe", "46 years after breaking color barrier, NU's first black lineman retires", https://en.wikipedia.org/w/index.php?title=Eversource_Energy&oldid=1000699741, Companies listed on the New York Stock Exchange, Hydroelectric power companies of the United States, Non-renewable resource companies established in 1966, Electric power companies of the United States, Pages using multiple image with auto scaled images, Wikipedia articles in need of updating from November 2019, All Wikipedia articles in need of updating, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Northeast Utilities, NSTAR Electric, NSTAR Gas, Aquarion Water, Connecticut Light & Power Co., Holyoke Water Power Co., Public Service of New Hampshire, Western Massachusetts Electric Co., Yankee Gas, Governed by a 14-member Board of Trustees. Eversource is New England’s largest energy provider, proudly serving more than 3.6 million electric and natural gas customers in CT, MA and NH. [21] The issue of buying hydropower from Hydro-Québec had been an issue during the Massachusetts gubernatorial election of 2010. Eversource Energy is a publicly traded, Fortune 500 energy company headquartered in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million[6] customers in Connecticut, Massachusetts and New Hampshire. Ross has 8 jobs listed on their profile. These documents define the roles and obligations of Eversource's Board of Trustees and its Committees in leading Eversource and advancing the interests of all our … Looking at Q3, Eversource Energy (NYSE:ES) earned $561.23 million, a 29.42% increase from the preceding quarter. Meet the members of our executive leadership team. Attachment K Resume of Frederick Raymond, Bio of Rudy Wynter, John Gavin, John Bruckner - February 19, 2016 Scoops about Eversource . The first PURA hearing will take place today, August 24, and will address Eversource’s rate increase (Docket 20-01-01 Proceeding to Review the Connecticut Light and Power Company’s Standard Service and Supplier of Last Resort Service 2020 Procurement Results and Rates). In 1967, Holyoke Water Power Company (HWP) (formed in 1859) joined the NU System, and in 1992 the Public Service Company of New Hampshire (PSNH, formed in 1926) followed. This 180- to 190-mile line, projected to carry 1,200 megawatts, will carry electricity to approximately one million homes. [14] After government approvals, the deal closed in April 2012. On January 25, 2018, Massachusetts Governor Baker selected this "Northern Pass Transmission" (NPT) project[24] as the winner for a clean energy procurement RFP. Board Appointed Executive Committee Charter Appointed by the Board, the executive committee acts on the board's behalf between meetings.. endstream endobj 85 0 obj <>/Metadata 14 0 R/Outlines 25 0 R/PageLayout/SinglePage/Pages 82 0 R/StructTreeRoot 28 0 R/Type/Catalog>> endobj 86 0 obj <> endobj 87 0 obj <>stream The city's municipal gas and electric department assumed responsibility for the generators and absorbed the HWP distribution customer base. Information without innovation is just data. The underground lines now function solely to supply the distribution load served out of the Breckwood substation in Springfield. [27], While Eversource reported that its electric transmission earnings were up 80 percent in Q2 2015,[28] the Federal Energy Regulatory Commission (FERC) is now[needs update] investigating the utility for having transmission rates that appear to be “unjust, unreasonable and unduly discriminatory or preferential”. Attachment J Eversource Electric Operations Org Chart - February 19, 2016. The company retained some of these assets by transferring them to a new subsidiary called Northeast Generation which functioned as a competitive supplier and sold the other assets entirely: WMECO's West Springfield Generating Station and several related hydroelectric and fossil fuel generating units were sold to Con Edison, while other assets (most notably the Northfield Mountain hydroelectric facility) were transferred to Northeast Generation. Recognized as the top U.S. utility for its energy efficiency programs by the sustainability advocacy organization Ceres, Eversource harnesses the commitment of about 9,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. [22] In November 2015, the Sierra Club of New Hampshire also expressed opposition for the new line, saying that it would not only benefit Connecticut and Massachusetts residents more than those in New Hampshire, but also the concern of the flooding of boreal forests during the construction of Hydro-Québec's dams in northern Quebec, disputes with the Innu First Nations, and the effects of tourism and the environment within the White Mountain National Forest.[23]. Corporate Governance. Eversource has long recognized the need for strong corporate governance. Eversource and its subsidiaries are regulated companies. He said, "Let me tell you something gentlemen, I'm not happy how this was rolled out. With United Illuminating, an upgrade to the 69-mile (112 km), 345 kilovolt Middletown-Norwalk transmission line was energized in 2009 at a cost of $900 million. Intent. Tom coal-fired power plant which NU retained. In Massachusetts, Attorney General Maura Healey testified in March, 2017 before the DPU urging it to deny Eversource's proposed $300 million rate increase. The lawsuit states that 7.1 million retail electricity customers and an overall population of 14.7 million people have been affected by Eversource and Avangrid's “unique monopoly” spanning at least from 2013 to 2016. The Executive Committee shall have no fewer than five members. However, Eversource still doesn’t have restoration estimates available, Hallstrom said. To provide you with the best experience possible and ensure we are presenting the correct information to you, our website requires customers enter a ZIP code for their service address. Please click the link below for details. Since then, ES stock has increased by 0.8% and is now trading at $88.53. ��9��2��J���k��Y}y�����?�p�X�,�x�������\e���y�0_O�6�ʯ+���m�'��7��-����qt�����w����֒�(}����g;J.~o��F���dnqx1GB��\g�5��9? This list comprises the largest companies in the United States by consolidated revenue as of 2020, according to the Fortune 500 tally. Explore the Eversource website including account access, services, resources, projects, news and more for NH customers. [29] Meanwhile, the potential for rooftop solar to prevent the need for new transmission lines is growing and Eversource wants to cap rooftop solar growth in the state. Eversource Energy. No two CoEs are the same. Eversource Energy also posted a total of $2.34 billion in sales, a 20.02% increase since Q2. 84 0 obj <> endobj Tables, charts, maps free to download, export and share. Outside Spending in the 2020 cycle: $0. In 2019, Eversource Energy subsidiary NSTAR Electric completed its inaugural issuance of $400 million of green bonds (3.25 percent debentures due 2029) that will finance Eligible Green Expenditures – including energy efficiency programs and solar power generation projects – in the Commonwealth of Massachusetts. - Business -", "BANKRUPTCY FILED BY LEADING UTILITY IN SEABROOK PLANT", "Northeast Says Merger With Con Edison Has Collapsed", "Northeast Utilities Completes Sale of Competitive Generation Business to Energy Capital Partners", "NStar and Northeast Utilities agree to merger", "NH Public Utilities Commission Issues Order Approving sale of Eversource Generation Facilities", "Eversource finalizes sale of energy plants", "Eversource enters water business with Aquarion acquisition - The Boston Globe", "Eversource begins rollout of 400 electric car chargers across Massachusetts; 'range anxiety' seen as enemy to emissions progress", "Canadian firm offers N.E. 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