Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Eversource Energy    ES

EVERSOURCE ENERGY

(ES)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Eversource Energy : Upgrading Electric System in Western Massachusetts

share with twitter share with LinkedIn share with facebook
08/14/2019 | 11:27am EDT

Energy company investing $4 million to improve reliability for customers in Franklin, Hampshire and Berkshire counties

SPRINGFIELD, Mass. (August 14, 2019) - As part of Eversource's commitment to provide reliable power to its customers, the energy company is investing $4 million in electric distribution system upgrades in the towns of Plainfield, Cummington, Chesterfield, Worthington, Windsor, Savoy, and Dalton. These enhancement projects include replacing more than 130 utility poles with stronger, thicker ones and installing more than 21,000 feet of more resilient power lines.

'Our job is to ensure customers have the reliable energy they need to run their businesses and power their lives,' said Eversource President of Regional Electric Operations Craig Hallstrom. 'By making these strategic investments, like the ones in Western Massachusetts, we're building a more robust and resilient electric grid that will serve our customers well into the future.'

'Smart switches' are also being added to the system to help restore power outages more quickly in the event they happen. These devices can limit the number of customers affected by an outage and restore power with computer-assisted technology from the energy company's operations center even before sending a crew to inspect the line and make repairs.

A major component of this upgrade project is connecting two electrical circuits, creating a loop. Once the two electrical systems are tied together it will make substations on either end accessible when needed, boosting the company's ability to deliver reliable power.

Work is continuing in Windsor on Route 9 and, weather permitting, crews are working from 6 a.m. to 4 p.m. Monday through Thursday. The company and its contractors are coordinating with town officials about potential traffic disruptions while the work is ongoing. Customers may experience short power interruptions during the project, so crews can safely perform the work. Any customers affected will be notified by the company in advance. The project is expected to be complete by this fall.

Eversource (NYSE: ES) transmits and delivers electricity, natural gas and water to 1.7 million customers throughout Massachusetts. This includes approximately 1.4 million electric customers in 140 communities, 300,000 gas customers in 51 communities, and 19,500 water customers in five communities. Recognized as the top U.S. utility for its energy efficiency programs by the sustainability advocacy organization Ceres, Eversource harnesses the commitment of its more than 8,300 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. For more information, please visit our website(www.eversource.com) and follow us on Twitter(@eversourceMA) and Facebook(facebook.com/EversourceMA). For more information on our water services, visitwww.aquarionwater.com.

CONTACT:
Priscilla Ress
413-787-1055
priscilla.ress@eversource.com

Disclaimer

Eversource Energy published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 15:26:06 UTC

share with twitter share with LinkedIn share with facebook
Latest news on EVERSOURCE ENERGY
06:04aEVERSOURCE ENERGY : Management's Discussion and Analysis of Financial Condition ..
AQ
03:24aEVERSOURCE ENERGY : Deploying Resources from Satellite Command Centers as Around..
PU
03:24aEVERSOURCE ENERGY : Updates Customers with Local Restoration Estimates
PU
03:24aEVERSOURCE ENERGY : Behind the Scenes in an Unprecedented Restoration
PU
03:24aEVERSOURCE ENERGY : Working with Determination to Restore All Customers to Power
PU
08/07EVERSOURCE ENERGY : Army of Crews Continues Making Significant Progress Restorin..
PU
08/06Power Outages From Tropical Storm Isaias Could Last for Days -- Update
DJ
08/06EVERSOURCE ENERGY : Working Non-Stop to Restore Power After Tropical Storm Isaia..
PU
08/06Power Outages From Tropical Storm Isaias Could Last for Days
DJ
08/06EVERSOURCE ENERGY : Wraps Up Storm Restoration After Powerful Tropical Storm Isa..
PU
More news
Financials (USD)
Sales 2020 8 847 M - -
Net income 2020 1 214 M - -
Net Debt 2020 16 152 M - -
P/E ratio 2020 24,5x
Yield 2020 2,56%
Capitalization 30 332 M 30 332 M -
EV / Sales 2020 5,25x
EV / Sales 2021 5,20x
Nbr of Employees 8 234
Free-Float 95,4%
Chart EVERSOURCE ENERGY
Duration : Period :
Eversource Energy Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EVERSOURCE ENERGY
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 89,50 $
Last Close Price 88,55 $
Spread / Highest target 15,2%
Spread / Average Target 1,07%
Spread / Lowest Target -27,7%
EPS Revisions
Managers
NameTitle
James J. Judge Chairman, President & Chief Executive Officer
Werner J. Schweiger Chief Operating Officer & Executive Vice President
Philip J. Lembo Chief Financial Officer & Executive Vice President
Christine M. Carmody EVP-Human Resources & Information Technology
Cotton Mather Cleveland Independent Trustee
Sector and Competitors
1st jan.Capitalization (M$)
EVERSOURCE ENERGY4.64%30 493
NEXTERA ENERGY18.84%140 911
ENEL S.P.A.10.51%93 636
IBERDROLA18.74%79 949
DOMINION ENERGY, INC.-2.66%67 660
DUKE ENERGY CORPORATION-5.04%63 646