8-KRegulation FD

EVERSOURCE ENERGY 8-K Report, Regulation FD Disclosure (Feb 2, 2018)

Filed February 2, 2018For Securities:ES

Summary

Eversource Energy (ES) filed an 8-K on February 2, 2018, to report a significant development regarding the Northern Pass transmission project. The New Hampshire Site Evaluation Committee (SEC) voted on February 1, 2018, to deny the project's siting application. This decision represents a major setback for Northern Pass, a proposed clean energy project that Eversource Energy and Hydro-Québec have been advocating for due to its potential benefits for New England customers and the region. Despite this denial, Eversource Energy and Hydro-Québec remain committed to the Northern Pass project and are exploring all available options. The company explicitly stated its intention to seek reconsideration of the SEC's decision and to review other avenues for advancing this critical clean energy initiative. Investors should monitor the company's subsequent actions regarding the reconsideration process and any alternative strategies developed to move the project forward.

Key Highlights

  • 1New Hampshire Site Evaluation Committee (SEC) denied the Northern Pass siting application on February 1, 2018.
  • 2Eversource Energy and Hydro-Québec remain supportive of the Northern Pass project.
  • 3The company intends to seek reconsideration of the SEC's decision.
  • 4Eversource Energy is reviewing all options to move the Northern Pass project forward.
  • 5The denial impacts a critical clean energy project for New England.
  • 6This disclosure is made under Regulation FD, indicating material information being shared with the public.

Frequently Asked Questions

This 8-K filing is to inform investors and the public about the New Hampshire Site Evaluation Committee's (SEC) decision to deny the siting application for the Northern Pass transmission project.

Eversource Energy intends to seek reconsideration of the SEC's decision and will review all available options to advance the Northern Pass project.

Not necessarily. While the siting application has been denied, Eversource Energy has stated its intention to seek reconsideration and explore all options, indicating they are not abandoning the project at this stage.

The denial represents a significant hurdle for a project intended to bring clean energy to New England. Investors will be watching how Eversource addresses this setback, as it could impact future growth, regulatory relationships, and the company's clean energy strategy.