Strong Revenues in Connecticut Boost $1.2 Billion Profit for Eversource

In a year that Eversource faced near constant public criticism over high customer bills, and perceived failures in its response to Tropical Storm Isaias — leading Connecticut lawmakers to tie future electric rates to measures of performance — the New England energy provider nevertheless made a considerable amount of money for its shareholders as its profits grew to $1.2 billion. In its annual report to shareholders and regulators issued Wednesday, Eversource boasted a profit of $1.2 billion across its subsidiaries, an increase of $304.3 million – or 34 percent over 2019.  The company attributed the gains mainly to electric rate increases, recovering … Continue reading Strong Revenues in Connecticut Boost $1.2 Billion Profit for Eversource