Eversource Energy Roars Ahead: Strong Q3 Performance, Key Milestones, and a Commitment to Connecticut's Future
Eversource Energy has made significant strides in the third quarter of 2026, solidifying its position as a leader in the energy sector. The company’s quarterly results reflect strong execution and performance across its business, with key milestones achieved and a commitment to investing in Connecticut’s distribution infrastructure.
One notable achievement is the commercial operations date of Revolution Wind, an offshore wind farm developed by Ørsted. As announced on Ørsted’s earnings call this morning, the construction completion of Revolution Wind has significantly reduced Eversource’s risk of further financial obligations related to the sale of offshore wind assets.
In addition to the commercial operations date of Revolution Wind, Eversource has made significant progress on the CL&P rate case filed several months ago. The company has responded to thousands of requests for data and information from various parties, working collaboratively with PURA and others on its rate request.
Affordability remains a central pillar in this rate case, with Eversource proposing performance-based rates (PBR) to support system investments while incorporating strong cost efficiency measures and mitigating the impact of future rate adjustments for customers over the long term.
Furthermore, Eversource has committed to investing $4 billion in Connecticut’s distribution infrastructure over the next five years. This comprehensive plan proactively prioritizes the replacement of aging infrastructure and supports investments required to operate a modern grid long-term for customers.
Joe Nolan, Chairman, President, and Chief Executive Officer of Eversource Energy, stated during the company’s Q3 2026 earnings conference call that "our team has consistently delivered against those objectives while navigating an evolving regulatory landscape."
John Moreira, Executive Vice President, Chief Financial Officer, and Treasurer of Eversource Energy, added that the company’s strong cost control measures will help address affordability concerns. This commitment to balancing the critical need for a stronger, more resilient electric system with customer bill impacts and maintaining affordability over the long term underscores Eversource’s dedication to its customers.
In conclusion, Eversource Energy’s strong Q3 performance, key milestones achieved, and commitment to investing in Connecticut’s distribution infrastructure solidify the company’s position as a leader in the energy sector.
