8-KOther Events

EVERSOURCE ENERGY 8-K Report (May 2, 2003)

Filed May 2, 2003For Securities:ES

Summary

Northeast Utilities, now operating as Eversource Energy, filed an 8-K on May 2, 2003, to disclose a significant development for its subsidiary, The Connecticut Light and Power Company (CL&P). The report highlights a press release concerning an order from Connecticut utility regulators, dated May 1, 2003. This order permits CL&P, under specific conditions, to recover certain Locational Marginal Pricing (LMP) costs from its Connecticut electric customers.

Key Highlights

  • 1Northeast Utilities (now Eversource Energy) filed a Form 8-K on May 2, 2003.
  • 2The report's primary focus is a press release from its subsidiary, The Connecticut Light and Power Company (CL&P).
  • 3Connecticut utility regulators issued an order on May 1, 2003.
  • 4The regulatory order allows CL&P to recover certain Locational Marginal Pricing (LMP) costs.
  • 5Recovery of these costs is subject to specific conditions outlined by the regulators.
  • 6The press release detailing this development is included as Exhibit 99.1 and furnished under Regulation FD.

Frequently Asked Questions

The main event is the issuance of an order by Connecticut utility regulators on May 1, 2003, allowing Northeast Utilities' subsidiary, The Connecticut Light and Power Company (CL&P), to recover certain Locational Marginal Pricing (LMP) costs from its customers, subject to certain conditions.

Northeast Utilities is the former name of the company that is now known as Eversource Energy. This filing pertains to its operations as Northeast Utilities at the time.

Locational Marginal Pricing (LMP) is a method used in electricity markets to determine the price of electricity at different locations. It reflects the cost of delivering energy to a specific point in the grid, considering factors like transmission congestion and losses. The ability to recover these costs is important for utility financial health.

This information is being disclosed via an 8-K filing under Regulation FD because it represents a material event that could be of interest to investors. The press release is furnished as an exhibit to ensure broad public dissemination of the information.