Eversource Energy Announces $ 1.2 Billion At-the-Market Equity Offering Program

HARTFORD, Conn. & BOSTON, May 11, 2022-(BUSINESS WIRE)-Eversource Energy (NYSE: ES) today announced that it has entered into an equity distribution agreement pursuant to which it can sell its common shares with a consolidated offer price of up to $ 1,200,000,000 (the “Shares”) periodically through an “at-the-market” or ATM equity offering program (the “ATM Offer”).

Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC and JP Morgan Securities LLC act as managers for the ATM Offer and may offer Shares in transactions on the New York Stock Exchange, in the over-the-counter market, through transaction negotiations or if not at all. Sales can be made at either the market prices that exist at the time of sale, at prices associated with existing market prices or at agreed -upon prices.

This press release does not constitute an offer to sell or the solicitation of an offer to purchase any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction.

The ATM Offering of the Shares is made in accordance with Eversource Energy’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The supplemental prospectus associated with the offer has also been filed with the SEC and is available on the SEC website at http://www.sec.gov. In addition, copies of the prospectus and prospectus supplements relating to the Shares offered in the ATM Offering may be obtained when available by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by phone at 1-866-471-2526, or by e-mail at [email protected]; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone at 1-888-603-5847, or by email at [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or phone: 1-800-831-9146; Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, NY, 10001, by phone at 800-326-5897, or by email at [email protected]; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone at 1-866-803-9204, or by email at [email protected].

Eversource Energy has approximately 345 million common shares outstanding. It operates the largest energy delivery system in New England and serves approximately 4.4 million electric, natural gas and water utility customers in Connecticut, Massachusetts and New Hampshire.

Expectation Statements:
This publication includes statements regarding Eversource Energy’s expectations, beliefs, plans, goals, objectives, strategies, assumptions of future events, performance or future financial growth, and other non -historical facts. These statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In general, readers can identify these forward-looking statements by the use of words or phrases. such as “estimate,” “expect,” “expect,” “aim,” “plan,” “project,” “believe,” “forecast,” “should,” “can” and other similar expressions. Future statements are based on current expectations, estimates, assumptions or representations of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections may differ materially from the actual results. Accordingly, any such statements are qualified in their entirety by identifying, and accompanied by, the following important factors that may cause actual Eversource Energy results to differ materially from the contents in Eversource Energy statements, including, but not limited to:

  • risk in the capital market, including the impact of general economic and industrial conditions and the negative effects of the novel coronavirus (COVID-19) pandemic, including any new or emerging variants, on customers, vendors, employees, regulators , and Eversource Energy operations;

  • acts of war or terrorism, physical attacks or disturbances on the grid that could damage and interfere with Eversource Energy’s electric transmission and electric, natural gas, and water distribution systems; at

  • other currently unknown or unexpected factors.

Other risk factors are detailed in Eversource Energy reports filed with the SEC and updated as necessary, and available on the SEC website at www.sec.gov. Eversource Energy encourages you to consult such disclosures.

All such factors are difficult to predict and contain uncertainties that could affect the actual results of Eversource Energy, many of which are beyond Eversource Energy’s control. You should not place too much hope in forward-looking statements; each speaks only on the date such statement was made, and, unless required by federal securities laws, Eversource Energy undertakes no obligation to update any forward-looking statement or statements to show events or circumstances after the date on which such a statement was made or to show the occurrence of unforeseen circumstances. There are new factors that emerge from time to time and it is not possible for Eversource Energy management to anticipate all such factors, nor can such management assess the impact of each such factor on Eversource Energy’s business or whether to what extent any factor, or combination. of these factors, may cause the actual results of Eversource Energy to differ materially from the contents in any future statements.

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20220511006007/en/

Contacts

Jeffrey R. Kotkin
860-665-5154
[email protected]

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