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Eversource Energy
Eversource Energy Reports Third Quarter 2017 Results



November 2, 2017

Eversource Energy (NYSE: ES) today (1/11)reported earnings of $260.4 million, or $0.82 per share, in the third quarter of 2017, compared with earnings of $265.3 million, or $0.83 per share, in the third quarter of 2016. In the first nine months of 2017, Eversource Energy earned $750.6 million, or $2.36 per share, compared with earnings of $713.1 million, or $2.24 per share, in the first nine months of 2016.

The company also today (1/11) reiterated its 2017 earnings per share guidance of $3.05 to $3.20, as well as its long-term EPS growth projection of 5 to 7 percent per year. Jim Judge, Eversource Energy chairman, president and chief executive officer, said the company has recorded solid financial and operating results, despite much milder summer temperatures in 2017, compared with 2016. Third quarter 2017 cooling degree days in Boston were down nearly 34 percent from 2016 levels and nearly 8 percent below average.

"Mild weather reduced both first quarter and third quarter energy use in New England this year," Judge said. "But while weather patterns are transitory, our commitment on behalf of our customers is not. We continue to execute successfully on our many initiatives to support the environmental and energy cost reduction goals in the states we serve."

Judge noted significant progress on Eversource Energy's Northern Pass Transmission (NPT) project in recent months, including the receipt of a favorable final Environmental Impact Statement from the U.S. Department of Energy; the issuance of a positive draft Record of Decision from the U.S. Forest Service; and good overall progress before the New Hampshire Site Evaluation Committee.

"We are making an exceptionally strong case before state and federal regulators as to why NPT is the right project at the right time for a region that is heavily focused on lowering both energy costs and carbon emissions," Judge said. "Testimony from our witnesses has strongly supported the billions of dollars of benefits our project will bring to New Hampshire in the years ahead."

Click here to read the full press release.

For more information:

Organization:
Eversource Energy

Address:
107 Selden St
Berlin, Connecticut
United States, 06037
www.eversource.com


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