Nstar Electric SEC Filings

NSTAR Electric Company is registering $700,000,000 of debentures via a prospectus supplement. The offering comprises $350,000,000 of 4.650% Debentures due May 15, 2031 and $350,000,000 of 5.200% Debentures due May 15, 2036, interest payable semi-annually beginning November 15, 2026.

The debentures are unsecured, rank equally with other unsecured unsubordinated indebtedness, will be issued in global book-entry form through DTC, and are new issues with no planned exchange listing. Estimated net proceeds are approximately $695.2 million, to be used to repay maturing notes totaling $300 million, refinance short-term debt if any, and fund capital expenditures and working capital.

NSTAR Electric Company, doing business as Eversource Energy, is offering two series of unsecured debentures due May 15, 2031 and May 15, 2036. Interest will be payable semi-annually on May 15 and November 15, beginning November 15, 2026. The offering will be issued in global book-entry form and may be redeemed at the issuer’s option prior to specified Par Call Date formulas or, in whole but not in part, at 101% if a Tax Credit Event occurs. Net proceeds are expected to refinance specified near-term notes including repayment at maturity of $250 million of 2.70% Debentures due June 1, 2026 and $50 million of 2.75% Senior Notes, Series H due June 15, 2026, with remaining proceeds for short-term refinancing, capital expenditures and working capital.

Eversource Energy reports higher first-quarter 2026 results. Operating revenues reached $4,504,363 thousand, up from $4,118,355 thousand a year earlier, while net income rose to $608,721 thousand from $552,668 thousand. Earnings per share increased to $1.61 from $1.50 on slightly higher average shares outstanding.

Cash flow from operations strengthened to $1,324,326 thousand, supporting over $1,009,311 thousand of capital spending, mainly on regulated electric, gas and water infrastructure. The balance sheet shows total assets of $64,707,601 thousand and long-term debt of $26,861,131 thousand, with significant regulatory assets and liabilities reflecting cost-recovery mechanisms.

The company continues to manage environmental and regulatory obligations, including storm cost deferrals, former manufactured gas plant remediation reserves, and complex rate structures. It also highlights uncertainty around the proposed sale of its Aquarion water business, which has not yet met held-for-sale accounting criteria due to potential legal appeals.

Eversource Energy reports higher first-quarter 2026 results. Operating revenues reached $4,504,363 thousand, up from $4,118,355 thousand a year earlier, while net income rose to $608,721 thousand from $552,668 thousand. Earnings per share increased to $1.61 from $1.50 on slightly higher average shares outstanding.

Cash flow from operations strengthened to $1,324,326 thousand, supporting over $1,009,311 thousand of capital spending, mainly on regulated electric, gas and water infrastructure. The balance sheet shows total assets of $64,707,601 thousand and long-term debt of $26,861,131 thousand, with significant regulatory assets and liabilities reflecting cost-recovery mechanisms.

The company continues to manage environmental and regulatory obligations, including storm cost deferrals, former manufactured gas plant remediation reserves, and complex rate structures. It also highlights uncertainty around the proposed sale of its Aquarion water business, which has not yet met held-for-sale accounting criteria due to potential legal appeals.

Eversource Energy reported stronger first quarter 2026 results, with GAAP net income of $606.8 million and earnings of $1.61 per share, up from $550.8 million and $1.50 per share a year earlier. Non-GAAP recurring earnings were $650.7 million, or $1.73 per share.

Results included a $43.9 million after-tax FERC refund charge tied to a reduction in allowed transmission return on equity from 10.57% to 9.57%. The board declared a quarterly dividend of $0.7875 per share. Operating revenues rose to $4.50 billion, driven by higher earnings across transmission, electric and natural gas distribution, and water.

The company revised its 2026 non-GAAP EPS guidance to a range of $4.57 to $4.72 per share and reaffirmed a 5–7 percent annual earnings growth target through 2030. Shareholders re-elected nine trustees, approved executive compensation and auditor ratification, and rejected a proposal for an independent board chair.

Eversource Energy reported stronger first quarter 2026 results, with GAAP net income of $606.8 million and earnings of $1.61 per share, up from $550.8 million and $1.50 per share a year earlier. Non-GAAP recurring earnings were $650.7 million, or $1.73 per share.

Results included a $43.9 million after-tax FERC refund charge tied to a reduction in allowed transmission return on equity from 10.57% to 9.57%. The board declared a quarterly dividend of $0.7875 per share. Operating revenues rose to $4.50 billion, driven by higher earnings across transmission, electric and natural gas distribution, and water.

The company revised its 2026 non-GAAP EPS guidance to a range of $4.57 to $4.72 per share and reaffirmed a 5–7 percent annual earnings growth target through 2030. Shareholders re-elected nine trustees, approved executive compensation and auditor ratification, and rejected a proposal for an independent board chair.

Eversource Energy filed a Post-Effective Amendment No. 1 to its Form S-3 to add junior subordinated notes as a class of securities registered under the existing shelf registration.

The prospectus states these securities may be offered from time to time after the effective date, with terms and amounts to be set in prospectus supplements.

Eversource Energy filed a Post-Effective Amendment No. 1 to its Form S-3 to add junior subordinated notes as a class of securities registered under the existing shelf registration.

The prospectus states these securities may be offered from time to time after the effective date, with terms and amounts to be set in prospectus supplements.

Eversource Energy and its utility subsidiaries file a combined annual report describing a large regulated energy and water business across Connecticut, Massachusetts and New Hampshire. The company delivers electricity through CL&P, NSTAR Electric and PSNH, distributes natural gas via NSTAR Gas, EGMA and Yankee Gas, and provides water service through Aquarion’s utilities.

Eversource reports four main segments: electric distribution, electric transmission, natural gas distribution and water distribution, which together represent nearly all consolidated revenue. The filing explains detailed state-specific rate structures where regulators set tariffs that separately recover supply, delivery, public-benefit and infrastructure costs, often with annual true-ups and revenue decoupling mechanisms.

The report highlights a roughly $11.3 billion electric transmission rate base at year-end 2025, ongoing FERC proceedings over allowable transmission returns on equity, and extensive environmental and climate regulation. Eversource outlines climate targets, including a 45% reduction in Scope 1 and 2 emissions by 2035 and net-zero across Scopes 1–3 by 2050, and discusses system resiliency, safety performance and a 10,731-person workforce, about half represented by unions.

Eversource Energy and its utility subsidiaries file a combined annual report describing a large regulated energy and water business across Connecticut, Massachusetts and New Hampshire. The company delivers electricity through CL&P, NSTAR Electric and PSNH, distributes natural gas via NSTAR Gas, EGMA and Yankee Gas, and provides water service through Aquarion’s utilities.

Eversource reports four main segments: electric distribution, electric transmission, natural gas distribution and water distribution, which together represent nearly all consolidated revenue. The filing explains detailed state-specific rate structures where regulators set tariffs that separately recover supply, delivery, public-benefit and infrastructure costs, often with annual true-ups and revenue decoupling mechanisms.

The report highlights a roughly $11.3 billion electric transmission rate base at year-end 2025, ongoing FERC proceedings over allowable transmission returns on equity, and extensive environmental and climate regulation. Eversource outlines climate targets, including a 45% reduction in Scope 1 and 2 emissions by 2035 and net-zero across Scopes 1–3 by 2050, and discusses system resiliency, safety performance and a 10,731-person workforce, about half represented by unions.

Eversource Energy reported a strong rebound in 2025 results, with GAAP earnings of $1.69 billion, or $4.56 per share, up from $811.7 million, or $2.27 per share, in 2024. Non-GAAP recurring earnings rose to $1.77 billion, or $4.76 per share, compared with $1.63 billion, or $4.57 per share, the prior year, reflecting growth after excluding large offshore wind and Aquarion-related losses.

Fourth-quarter 2025 earnings were $421.3 million, or $1.12 per share, versus $72.5 million, or $0.20 per share, in 2024, helped by the absence of prior-year charges and better underlying performance in natural gas and electric distribution. For 2025, transmission earned $776.7 million, electric distribution $667.1 million, natural gas distribution $360.5 million and water distribution $44.2 million.

The company issued 2026 EPS guidance of $4.80–$4.95 per share and targets 5–7 percent long-term earnings-per-share growth through 2030, based on 2025 non-GAAP EPS. Eversource outlined a $26.5 billion capital investment plan for 2026–2030 and expects to raise $800 million to $1.1 billion of equity over that period while maintaining credit metrics above downgrade thresholds.

Eversource Energy reported a strong rebound in 2025 results, with GAAP earnings of $1.69 billion, or $4.56 per share, up from $811.7 million, or $2.27 per share, in 2024. Non-GAAP recurring earnings rose to $1.77 billion, or $4.76 per share, compared with $1.63 billion, or $4.57 per share, the prior year, reflecting growth after excluding large offshore wind and Aquarion-related losses.

Fourth-quarter 2025 earnings were $421.3 million, or $1.12 per share, versus $72.5 million, or $0.20 per share, in 2024, helped by the absence of prior-year charges and better underlying performance in natural gas and electric distribution. For 2025, transmission earned $776.7 million, electric distribution $667.1 million, natural gas distribution $360.5 million and water distribution $44.2 million.

The company issued 2026 EPS guidance of $4.80–$4.95 per share and targets 5–7 percent long-term earnings-per-share growth through 2030, based on 2025 non-GAAP EPS. Eversource outlined a $26.5 billion capital investment plan for 2026–2030 and expects to raise $800 million to $1.1 billion of equity over that period while maintaining credit metrics above downgrade thresholds.

Eversource Energy and its utility subsidiaries updated their Code of Ethics for Senior Financial Officers, effective January 27, 2026. The boards approved an Amended and Restated Code that modernizes descriptions of auditor oversight and compliance programs and makes clarifying, stylistic, non-substantive revisions.

The updated code now explicitly assigns ongoing oversight responsibility to the Audit Committee, aligning with current best practices. The company states that responsibilities and obligations for senior financial officers are not materially changed and no waivers of the prior code were granted. The full text is available on Eversource Energy’s investor relations website.

Eversource Energy and its utility subsidiaries updated their Code of Ethics for Senior Financial Officers, effective January 27, 2026. The boards approved an Amended and Restated Code that modernizes descriptions of auditor oversight and compliance programs and makes clarifying, stylistic, non-substantive revisions.

The updated code now explicitly assigns ongoing oversight responsibility to the Audit Committee, aligning with current best practices. The company states that responsibilities and obligations for senior financial officers are not materially changed and no waivers of the prior code were granted. The full text is available on Eversource Energy’s investor relations website.

NSTAR Electric Company, doing business as Eversource Energy, issued an additional $300,000,000 aggregate principal amount of its 5.20% Debentures due 2035 under an underwriting agreement with a syndicate led by BofA Securities, J.P. Morgan, Morgan Stanley, PNC Capital Markets, RBC Capital Markets, and U.S. Bancorp Investments. Following closing, the total outstanding for this series rose to $700,000,000.

The debentures were issued under a 1988 indenture and are registered on Form S-3 (File No. 333-286362-03). They mature on March 1, 2035 and bear interest at 5.20%, payable semi-annually on March 1 and September 1, with the first payment for the additional issuance on March 1, 2026.