Strong Financial Performance: Eversource reported second-quarter earnings of $0.96 per share, consistent with expectations, and reaffirmed its 2025 EPS guidance range of $4.67 to $4.82, projecting long-term EPS growth of 5% to 7% through 2029. This reflects solid growth in their transmission and distribution businesses and a successful execution of their strategic priorities.

Regulatory and Legislative Developments: The passing of Senate Bill 4 in Connecticut is significant for Eversource as it allows for the securitization of storm costs incurred from 2018 to 2025. This will help stabilize customer bills and strengthen Eversource¡¯s balance sheet, providing transparency in the regulatory process, though it is a challenge to navigate the rate recovery mechanisms.

Infrastructure Investment Growth: Eversource announced a 10% increase in their 5-year infrastructure investment plan to $24.2 billion, evidencing their commitment to modernizing infrastructure and meeting rising electric demand. The infrastructure spending aims to support the electrification of transportation and heating, responding to an anticipated increase in demand projected at over 2% year-over-year.