8-KRegulation FDExhibits & Filings

EVERSOURCE ENERGY 8-K Report, Regulation FD Disclosure (Nov 16, 2017)

Filed November 16, 2017For Securities:ES

Summary

Eversource Energy (ES) announced a significant development regarding its Northern Pass transmission project. On November 16, 2017, the company, through its subsidiary Northern Pass Transmission LLC (NPT), disclosed that the U.S. Department of Energy (DOE) has issued a Record of Decision and approved the Presidential Permit for the project. This approval allows NPT to proceed with the construction of transmission facilities at the U.S.-Canada border in Pittsburg, New Hampshire. This development represents a crucial step forward for the Northern Pass project, which is intended to bring hydroelectric power from Quebec, Canada, to New England. The Presidential Permit from the DOE is a key federal approval required for the cross-border transmission line. Investors will be keen to monitor the subsequent steps in the project's development, including any remaining state-level approvals and the timeline for construction and operation.

Key Highlights

  • 1U.S. Department of Energy (DOE) issued a Record of Decision for the Northern Pass project.
  • 2Presidential Permit approved for the Northern Pass transmission project by the DOE.
  • 3The permit allows Northern Pass Transmission LLC (NPT) to construct transmission facilities at the U.S.-Canada border in Pittsburg, New Hampshire.
  • 4This marks a significant regulatory milestone for the cross-border hydroelectric transmission project.
  • 5The news release is incorporated by reference as an exhibit to the 8-K filing.
  • 6Eversource Energy is the parent company of NPT, the project developer.

Frequently Asked Questions

The Record of Decision and Presidential Permit from the DOE are critical federal approvals that grant Northern Pass Transmission LLC (NPT) the authorization to construct the necessary transmission facilities at the U.S.-Canada border. This signifies substantial progress in the regulatory approval process for the project.

The Northern Pass project is a proposed transmission line designed to bring hydroelectric power from Quebec, Canada, to New England. Eversource Energy, through its subsidiary Northern Pass Transmission LLC (NPT), is the developer of this project.

While the DOE approval is a major step, the Northern Pass project likely requires other state-level permits and approvals to move forward with construction. Investors should watch for updates on these remaining regulatory hurdles and the projected timeline for the project's completion.

The filing states that the information contained in Item 7.01, including the news release, shall not be deemed 'filed' with the Securities and Exchange Commission for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, unless expressly provided otherwise.