Eversource blames state for negative ratings outlook [Yahoo! Finance]
Eversource Energy (D/B/A) (ES)
Last eversource energy (d/b/a) earnings: 2/19 04:15 pm
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Source: Yahoo! Finance
They said that's due to "arbitrary" utility rate decisions that cut into the company's potential profits as well as the amount it could spend to address the state's aggressive clean-energy goals. One day after Eversource officials met with The Day's editorial board on Monday, Moody's Ratings announced that it had changed its outlook for Connecticut Light & Power, a division of Eversource, from stable to negative. "Connecticut Light and Power's negative outlook reflects a weaker financial profile and a challenging Connecticut regulatory environment," said Jeff Cassella, a vice president and senior credit officer of Moody's, in a news release. The release also cited Connecticut's "inconsistent and unpredictable regulatory environment, adding that "the company's ability to sustain an improved financial profile will primarily depend on CL&P's ability to recover the majority of its deferred storm costs." The state and Eversource have been battling over what the Public Utilities Regu
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ES
Earnings
- 7/31/24 - Miss
ES
Sec Filings
- 9/26/24 - Form 144
- 9/9/24 - Form 4
- 9/3/24 - Form 4
- ES's page on the SEC website