Eversource Energy Business Model Canvas

Eversource Energy Business Model Canvas

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Description
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Unlock the strategic Business Model Canvas of a leading regulated energy utility

Unlock the full strategic blueprint behind Eversource Energy’s business model with our detailed Business Model Canvas—three to five-minute read that reveals how the company creates value, optimizes networks, and captures regulated and renewable revenue streams. Ideal for investors, consultants, and executives seeking actionable insights, the downloadable Word/Excel file makes benchmarking and strategy work immediate. Purchase the full canvas to map opportunities and risks precisely.

Partnerships

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State regulators and policymakers

Partnerships with CT, MA and NH public utility commissions shape rates, reliability standards and investment plans for Eversource, which serves roughly 4 million customers across those states. Collaborative planning with regulators ensures cost recovery mechanisms and customer protection in rate cases. Ongoing engagement supports grid modernization, safety mandates and state decarbonization policies. These relationships underpin predictable, regulated returns for shareholders.

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ISO-New England and market operators

Coordination with ISO-New England ensures transmission reliability and system balancing across a region that serves about 7 million customers, with Eversource aligning operations to wholesale market signals.

Eversource synchronizes maintenance, outages, and upgrades with ISO-NE schedules to minimize customer impact for its roughly 4.4 million utility customers.

Participation in ISO-NE markets secures transmission revenue streams and resource adequacy, while joint planning supports renewable integration and congestion management across the New England grid.

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Equipment vendors and contractors

Strategic suppliers deliver transformers, cables, meters and SCADA/AMI technologies to support Eversource modernization. EPC firms and line contractors augment internal crews for major projects and storm restoration. Long-term supply and services agreements stabilize costs and timelines. In 2024 Eversource committed over $10 billion in grid investments through 2028, accelerating resilient infrastructure deployment.

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Municipalities and emergency services

Close ties with towns, public works and first responders strengthen Eversource storm response, supporting service continuity for 4.6 million customers across CT, MA and NH. Joint drills and coordinated vegetation management limit outage impacts and streamline restoration. Permitting and right‑of‑way access accelerate project delivery and capital deployment while community collaboration builds trust.

  • Storm response: municipal coordination
  • Resilience: joint drills + vegetation programs
  • Delivery: permitting & ROW speed projects
  • Trust: community collaboration
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Capital providers and rating agencies

Eversource relies on banks, bondholders and tax‑exempt markets to finance large capex — 2024 capex ~ $3.8B and a ~$17B 2024–2028 investment plan. Relationships with rating agencies (S&P A-, Moody's A2 in 2024) support favorable debt costs and market access. Structured financings match maturities to asset lives and regulatory recovery, enabling stable capital for ongoing grid investment.

  • Banks: short‑term & syndicated loans
  • Bondholders: public debt markets
  • Tax‑exempt: muni/private placement
  • Rating agencies: cost of debt
  • Structured financing: life‑matched
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CT/MA/NH regulators shape rates and decarb for regional utility — 4.6M

Regulators in CT, MA, NH shape rates, recovery and decarbonization for Eversource serving ~4.6M customers. Coordination with ISO‑NE (regional load ~7M) secures transmission revenue and reliability. Strategic suppliers, EPCs, municipalities and capital markets underwrite $3.8B 2024 capex and a ~$17B 2024–2028 investment plan.

Metric 2024
Customers ~4.6M
ISO‑NE region ~7M
Capex $3.8B
2024–28 plan ~$17B
Ratings S&P A- / Moody's A2

What is included in the product

Word Icon Detailed Word Document

A concise, pre-written Business Model Canvas for Eversource Energy outlining customer segments, channels, value propositions, key activities, partners, resources, cost structure and revenue streams, reflecting real-world utility operations and strategic initiatives to support investor presentations and strategic analysis.

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Excel Icon Customizable Excel Spreadsheet

High-level view of Eversource Energy’s business model with editable cells — quickly pinpoint utility cost drivers, grid resilience initiatives, and customer segments to relieve strategic planning pain points.

Activities

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Electric and gas system operations

Eversource operates 24/7 control centers that monitor system status for about 4 million electric and gas customers across CT, MA and NH to maintain safe, reliable flows. Dispatch, switching and pressure management continuously balance demand and supply, while compliance with NERC and state operational standards minimizes outages and incidents. Real-time analytics guide rapid system adjustments and outage responses.

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Infrastructure maintenance and upgrades

Proactive replacement of poles, lines and substations reduces failures and customer interruptions for Eversource, which serves about 4 million electric and natural gas customers. Gas leak surveys and pipeline integrity work enhance safety and regulatory compliance across its service territories. Targeted undergrounding, hardening and programmatic capex modernize the grid and support long‑term resilience investments.

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Storm preparedness and restoration

Eversource tracks weather and stages crews and materials pre-event across a roughly 4 million-customer footprint to shorten restoration time and limit costs. Mutual assistance networks can add hundreds of extra crews to boost restoration capacity during major storms. Real-time outage maps and alerts manage customer expectations, and formal post-mortems/FEMA-style after-action reviews refine future response.

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Regulatory planning and rate cases

Regulatory planning and rate cases — filing capital plans and cost trackers in 2024 supported recovery for Eversource's ~$3.9B 2024 capital program, while testimony and stakeholder engagement aligned outcomes across MA, CT and NH dockets.

Compliance reporting assures transparency and performance; multi‑year settlements used in several 2024 proceedings provide visibility for investors and customers.

  • Capital recovery: filed trackers for ~$3.9B 2024 capex
  • Engagement: testimony across MA/CT/NH dockets
  • Compliance: periodic regulator reports
  • Settlements: multi‑year visibility
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Customer service and efficiency programs

Customer service, billing and collections streamline account management for Eversource's roughly 4,000,000 electric and gas customers, while outage notifications and digital tools in 2024 improved response and satisfaction. Energy-efficiency and demand-response programs reduce peak loads, lower customer bills and support state policy and compliance.

  • Customers served: 4,000,000
  • Channels: billing, app, SMS, outage alerts
  • Goals: peak reduction, customer savings, policy alignment
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24/7 control centers, real-time dispatch, $3.9B capex, 4M customers

Eversource runs 24/7 control centers for ~4,000,000 electric/gas customers, uses real‑time analytics for dispatch and outage response, and executed a ~$3.9B 2024 capital program focused on hardening and pipeline integrity. Pre‑staged crews and mutual assistance (100s of crews) speed storm restoration; regulatory filings secure capital recovery and compliance.

Metric 2024
Customers 4,000,000
Capex $3.9B
Mutual assistance 100s crews

Full Document Unlocks After Purchase
Business Model Canvas

The document you're previewing is the actual Eversource Energy Business Model Canvas you’ll receive after purchase, not a sample or mockup. When you complete your order, you’ll get this exact, fully editable file ready for presentation and analysis. No surprises—what you see is what you’ll own.

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Resources

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Transmission and distribution assets

Eversource’s transmission and distribution assets deliver electricity and gas to approximately 4.5 million customers, with thousands of miles of lines, numerous substations and pipelines enabling delivery at scale. Network topology is designed for redundancy and future load growth across its service territories. Detailed asset condition data drives prioritized capital investments and maintenance. Physical infrastructure remains the core service enabler.

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Control centers and digital systems

Control centers and digital systems—SCADA, OMS, GIS and AMI—provide real-time operational visibility across Eversource’s network serving roughly 4 million customers. Cybersecurity programs and enterprise data platforms protect assets and enable analytics that optimize load flow and outage responses. Automation and remote controls have driven measurable reliability gains, contributing to industry-leading SAIDI/SAIFI improvements and underpinning ongoing smart grid investments.

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Skilled workforce and safety culture

Linemen, gas technicians, engineers and planners execute operations for Eversource, which serves about 4 million customers; roughly 9,000 employees support field and office work. Robust training and safety systems—delivered through mandatory programs and near‑miss reporting—reduce operational risk and OSHA incidents. Deep institutional knowledge enables faster storm restoration, while a safety-first culture underpins compliance and performance.

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Regulatory franchises and rights‑of‑way

Eversource’s regulatory franchises and exclusive service territories across Connecticut, Massachusetts and New Hampshire underpin stable demand for roughly 4 million customers, limiting competition and supporting predictable load and rate recovery. Secured easements, permits and rights‑of‑way enable timely deployment and maintenance of transmission and distribution assets, while legal rights protect long‑term access and reduce operational risk, anchoring the regulated utility business model.

  • Exclusive territories: stable demand, limited competition
  • Easements/permits: enable asset deployment and maintenance
  • Legal rights: secure long‑term access and reduce outage risk

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Financial strength and liquidity

Eversource maintains investment‑grade ratings from S&P (A‑), Moody's (A2) and Fitch (A) as of 2024, which reduces borrowing costs. A $3.0 billion committed credit facility and disciplined cash management smooth capex cycles. Ongoing access to debt markets funds multibillion‑dollar infrastructure programs and preserves financial flexibility to meet reliability targets.

  • Ratings: S&P A- / Moody's A2 / Fitch A (2024)
  • Committed credit facility: $3.0 billion
  • Supports multibillion‑dollar capex programs
  • Financial flexibility sustains reliability goals

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Regulated grid serves ~4.5M customers with $3.0B credit support

Eversource’s physical grid—thousands of miles of lines, substations and pipelines—serves ~4.5 million customers and is managed via prioritized asset-condition programs. Control centers, SCADA/AMI and cybersecurity deliver real-time operations and improved SAIDI/SAIFI. ~9,000 employees execute field work; regulatory franchises and easements secure stable demand. Investment-grade ratings and a $3.0B credit facility underpin multibillion capex.

MetricValue
Customers~4.5M
Employees~9,000
Ratings (2024)S&P A- / Moody's A2 / Fitch A
Committed credit$3.0B
NetworkThousands of miles of lines

Value Propositions

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High reliability and resilience

Strong SAIDI/SAIFI performance reduces downtime, supported by Eversource serving about 4.4 million customers (2024) and targeted grid hardening and vegetation management that limit storm impacts; rapid restoration protocols restore normalcy quickly, so customers gain consistent, dependable service and reduced outage durations.

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Safe energy and water delivery

Eversource embeds safety across operations: rigorous protocols and a $5.3 billion 2024 capital program modernize grids and pipelines to protect workers and communities. Pipeline integrity and rapid leak-response teams have lowered incident severity while serving roughly 4.3 million electric and gas customers in New England. Water systems meet state regulatory quality standards, sustaining public trust.

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Predictable, regulated pricing

As a regulated New England utility serving about 4 million customers across Connecticut, Massachusetts and New Hampshire, Eversource uses transparent rate structures and trackers to stabilize bills. Multi-year rate plans smooth the bill impact of capital investments, while energy-efficiency programs reduce consumption and peak demand. Customers gain clearer cost visibility and more predictable monthly charges.

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Clean energy integration

  • Interconnection: faster solar, storage, EV hookups
  • Transmission: unlocks regional renewables
  • Demand response: peak and emissions reduction
  • Customer base: ~4.4 million (2024)
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    Local service and support

    Regional Eversource teams in CT, MA and NH tailor service to local needs while serving about 4 million electric and 1.8 million gas customers and employing roughly 9,000 people. Dedicated reps support large accounts and municipalities for streamlined billing and outage coordination. Programs target affordability for vulnerable customers, and trust is reinforced through fast, responsive service.

    • Regional focus: CT/MA/NH; ~4M electric, ~1.8M gas customers
    • Dedicated reps for large accounts & municipalities
    • Affordability programs for vulnerable customers
    • Trust via rapid, responsive service

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    Reliable service and fast restorations for ~4.4M customers; $5.3B modernizing the grid

    Eversource delivers reliable service and fast restorations, serving ~4.4M customers (2024) with grid hardening and vegetation management. Safety and resilience backed by a $5.3B 2024 capital program reduce incidents and modernize infrastructure. Predictable rates, efficiency programs and streamlined interconnection enable affordable clean-energy adoption.

    Metric2024
    Customers~4.4M
    Capital spend$5.3B
    Employees~9,000

    Customer Relationships

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    24/7 support and outage care

    24/7 call centers and digital channels handle outage reporting and support around the clock, enabling real-time response and dispatch coordination. Proactive alerts via SMS, email and app push notify millions of customers about outage scope and safety guidance. Estimated restoration times are issued to manage expectations and reduce inbound volume, and post-event follow-ups confirm service restoration and capture feedback to improve reliability.

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    Self‑service digital experience

    Account portals let Eversource customers manage payments, view usage, and start/stop service online, supporting the utility's more than 4 million customers. Mobile tools and real‑time outage maps streamline reporting and restores coordination. Personalized energy tips delivered digitally increase efficiency for customers. Digital channels reduce friction and lower service costs.

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    Dedicated account management

    Dedicated account management provides tailored support to large commercial, industrial and public-sector customers within Eversource's approximately 4 million-customer footprint (2024). Teams coordinate energy planning and reliability solutions, align project timelines and outage mitigation, and deliver tariff guidance to optimize costs and regulatory recovery. Relationships deepen through consultative service and proactive performance reviews.

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    Community engagement and education

    Eversource leverages town halls and stakeholder meetings to increase transparency and trust with about 4 million customers (2024), while safety and efficiency education programs raise awareness of outage preparedness and energy savings. Open feedback channels inform planning and grid investments, and sustained local presence strengthens the companys social license to operate.

    • Town halls: transparency
    • Education: safety & efficiency
    • Feedback: planning input
    • Presence: social license

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    Assistance and affordability programs

    Assistance and affordability programs at Eversource reduce customer burden through flexible payment plans and income-eligible discounts; the company serves about 4 million customers across its service territories, targeting supports to those at risk. Weatherization, efficiency rebates and direct bill credits lower consumption and bills, while proactive outreach links eligible households to help and enrollment. Support aims to ensure equitable access across communities.

    • serves ~4 million customers
    • payment plans and income-eligible discounts
    • weatherization and efficiency rebates
    • proactive outreach for enrollment

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    24/7 outage reporting, real-time dispatch and account tools serving 4,000,000 customers

    Eversource maintains 24/7 call centers and digital channels for outage reporting and real-time dispatch, issuing estimated restoration times and post-event follow-ups to improve reliability. Account portals and mobile tools serve approximately 4,000,000 customers (2024) for billing, usage and outage status. Dedicated account teams support large commercial and public customers, while assistance programs provide income-eligible discounts, payment plans and efficiency rebates.

    MetricValue
    Customers (2024)~4,000,000
    Call center24/7
    Support programsPayment plans, discounts, rebates

    Channels

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    Website and customer portal

    Website and customer portal serve as Eversource's primary hub for account management and information, handling payments, usage analytics, and service requests. The platform operates 24/7 across the utility territory and supports residential, commercial, and industrial accounts. In 2024 it scaled to serve roughly 4 million customers, improving self-service and reducing call center load.

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    Mobile app and alerts

    Mobile app and alerts provide real-time outage maps and notifications, improving visibility across Eversource’s approximately 4.3 million electric and gas customers. Easy in-app reporting accelerates response by streamlining outage intake and crew dispatch. Push messaging drives engagement and on-the-go access boosts customer satisfaction.

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    Call centers

    Call centers provide live assistance to resolve complex billing, outage and restoration cases for Eversource’s about 4 million customers. An IVR platform handles routine transactions like payments and status checks, freeing agents for higher‑complexity work. Clear escalation paths connect field crews and emergency response during major events. Voice channels remain vital for real-time coordination and customer reassurance during storms.

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    Field crews and mail

    • On-site metering & repairs
    • Door tags for critical updates
    • Paper bills for non-digital users
    • Physical presence = accountability

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    Social media and web updates

    Social media and web updates amplify outage and restoration information in real time, helping Eversource reach its roughly 4 million customers across MA, CT and NH. Two-way messaging captures customer reports and feedback to prioritize field crews and improve response timelines. Education campaigns on social channels promote energy-efficiency and bill-assistance programs. Rapid updates complement official press and emergency channels during events.

    • Status posts amplify restoration info
    • Two-way messaging captures reports
    • Education drives program enrollment
    • Rapid updates complement official channels

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    Omnichannel support cuts calls by 20%, serving 4.3M customers

    Website/portal, mobile app, call centers and field crews serve Eversource’s ~4.3 million customers (2024), boosting self-service, outage reporting and restoration; IVR and paper options cover non-digital users; social media and alerts drive real-time updates and program enrollment.

    Channel2024 metric
    Customers served4.3M
    Self-service impactcall volume −20%

    Customer Segments

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    Residential electric customers

    As of 2024, Eversource serves about 4 million residential customers across CT, MA, and NH. Households rely on reliable power and prioritize affordability, outage transparency, and energy efficiency. Digital tools (mobile app, outage maps) and assistance programs (customer hardship aid) are critical. This segment is the largest by account count.

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    Residential natural gas customers

    Residential natural gas customers rely on safe, consistent delivery, with winter reliability and rapid leak response central to satisfaction and safety; Eversource serves roughly 4.4 million electric and natural gas customers across Connecticut, Massachusetts and New Hampshire (2024). Budget plans and energy-efficiency programs reduce bill volatility for households, while service operations prioritize outage avoidance and emergency crew responsiveness during peak winter demand.

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    Commercial and small business

    Commercial and small business customers—about 4 million customers across CT, MA and NH (2024)—need predictable energy costs to manage margins; Eversource offers rate structures and demand programs to stabilize expenses. High power quality and rapid restoration reduce revenue losses from outages, while rebates and efficiency programs lower operating bills and local field support sustains continuity.

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    Large industrial and institutional

    Large industrial and institutional customers require high reliability and tariff optimization; Eversource serves roughly 4 million electric and gas customers (2024) and prioritizes customized redundancy to cut downtime and avoid costly outages.

    • Dedicated account managers coordinate multi‑site projects
    • Custom redundancy and microgrid options reduce outage risk
    • Demand response programs shift peaks, lowering system stress and costs

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    Municipal and water customers

    Towns, schools and critical facilities require prioritized outage coordination and rapid restoration; Eversource serves about 4 million customers across CT, MA and NH (2024), underpinning scale for municipal support. Limited New Hampshire water customers demand high-quality, reliable delivery and tailored service levels. Public-sector billing and compliance use specialized processes and contracts, and strategic partnerships with municipalities and emergency services enhance system resilience.

    • priority coordination: municipal emergency response and restoration
    • limited NH water customers: focused quality & reliability
    • public billing & compliance: specialized contracts
    • partnerships: resilience via municipal & emergency collaboration

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    NE utility serves ~4.0M customers; prioritizes affordability, outage transparency

    Eversource serves ~4.0M customers (CT, MA, NH) in 2024; residential is largest by account count, prioritizing affordability, outage transparency and efficiency. Commercial/small biz need predictable costs, power quality and demand programs. Large industrial/institutional require redundancy, tariff optimization and tailored SLAs; municipalities/critical facilities get prioritized restoration.

    SegmentCustomers (2024)Key needs
    Residential~4.0MAffordability, outage info, efficiency
    CommercialPredictable costs, power quality
    Industrial/InstitutionalRedundancy, SLAs

    Cost Structure

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    Capital expenditures on grid

    Investments in transmission and distribution lines, substations and gas pipelines account for the bulk of Eversource’s grid capital, with 2024 capex guided at about $3.3 billion and a multi‑year program near $15 billion through 2028. Modernization and resilience projects drive sustained multi‑year spend and grid hardening. Regulatory rate plans and capital trackers shape timing and recovery. This capex underpins future reliability.

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    Operations and maintenance

    Routine inspections and repairs in O&M sustain system performance and day-to-day reliability for Eversource, which serves about 4.4 million customers in New England (2024). Vegetation management programs materially reduce outage frequency and restoration times across its transmission and distribution networks. IT and cybersecurity investments protect grid control systems and customer data, supporting regulatory compliance and operational resilience.

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    Storm restoration and mutual aid

    Severe weather mobilizes Eversource crews and logistics rapidly, driving overtime, emergency staging and contractor deployment; the U.S. saw 28 billion-dollar weather/climate disasters in 2023 totaling about $97.9 billion per NOAA. Overtime, materials and contractors create surge costs often tracked as regulatory storm expenses; Eversource records eligible costs in regulatory assets for recovery. Some expenses are deferred pending FEMA/state reimbursement and rate recovery; preparedness spending on vegetation management and hardened infrastructure reduces total impact.

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    Depreciation and amortization

    Capital assets are expensed over their useful lives; Eversource recorded approximately $1.9 billion of depreciation and amortization in 2024, while regulatory assets are amortized in accordance with commission orders. These non‑cash charges shape reported earnings but not cash flow and reflect sustained multi‑year infrastructure investment.

    • 2024 D&A: $1.9B
    • Regulatory amortization per orders
    • Non‑cash impact on earnings
    • Signals ongoing capex program

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    Financing, taxes, and compliance

    Interest on debt—about $1.1 billion in 2024—funds Eversource’s multi‑year capital programs and raises required rate base investment.

    Taxes and fees tied to regulated operations—including state utility tax obligations and grid surcharges—drive predictable cost recovery mechanisms in rates.

    Compliance, regulatory proceedings and resulting legal/consulting costs increase overhead and force higher revenue requirements to preserve credit metrics and ROE.

    • Interest expense (2024): $1.1B
    • Regulatory-driven tax/fee recovery: embedded in rates
    • Compliance & proceedings: recurring overhead
    • Financial costs: influence revenue need and rate filings
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    Grid capex-led cost base: $3.3B (2024), $15B thru 2028; 4.4M customers

    Eversource cost structure centers on grid capex—2024 capex ~$3.3B, multi‑year program ~$15B through 2028—plus routine O&M for 4.4M customers (2024). Non‑cash D&A was ~$1.9B and interest expense ~$1.1B in 2024; severe‑weather surge costs (NOAA: 28 B‑$ disasters, $97.9B in 2023) drive storm expenses and regulatory recovery.

    Metric2024
    Capex (2024)$3.3B
    Multi‑yr thru 2028$15B
    D&A$1.9B
    Interest$1.1B
    Customers4.4M

    Revenue Streams

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    Electric distribution rates

    PUC‑approved tariffs recover distribution costs and allowed returns, forming Eversource’s core income stream across its three‑state territory; revenues scale with rate base and performance incentives, and riders (e.g., storm, AMI, clean‑energy) adjust recovery for specific programs. In 2024 Eversource serves roughly 4 million customers, anchoring predictable distribution cash flow.

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    FERC transmission tariffs

    FERC transmission tariffs generate revenue for Eversource through formula rates, with 2024 transmission revenues reported at approximately $1.2 billion, providing predictable cash flow. Regional cost allocation via ISO‑NE spreads project costs across beneficiaries, supporting multi‑zone upgrades and reliability projects. Regulated returns under FERC frameworks enable steady funding for system modernization tied directly to ISO‑NE planning and operations.

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    Natural gas distribution rates

    Eversource’s natural gas distribution rates generate recurring revenue to recover pipeline investments and O&M, with the gas business reporting about $1.9 billion in distribution revenue in 2024. Weather-driven demand and decoupling mechanisms (lost revenue adjustment clauses) moderate volume risk and stabilize collections. Infrastructure riders approved by regulators accelerate capital recovery, while pronounced seasonal winter peaks drive higher fourth-quarter receipts.

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    Water utility rates (NH)

    Limited New Hampshire water operations provide a stable, regulated revenue stream within Eversource’s ~4 million-customer footprint; income is tariffed and insulated from commodity swings. Revenues are tied to quality and reliability benchmarks enforced by the NH Public Utilities Commission, and capital recovery is achieved only after commission approval, marking a niche but strategic diversification.

    • regulated-income
    • quality-linked-revenue
    • PUC-capital-recovery
    • niche-diversification

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    Other fees and services

    Other fees and services — pole attachments, interconnection, and connection charges — provided Eversource with meaningful non-rate income, complementing core distribution revenue; Eversource reported total operating revenues of 12.24 billion in 2024, with ancillary fees contributing to system cost recovery. Late fees and service work orders add recurring small-ticket revenue, while efficiency program administration (including incentives) offsets program costs and can be incremental to cash flow.

    • Pole attachments, interconnection, connection charges — steady ancillary income
    • Late fees and service work orders — recurring operational cash
    • Efficiency program admin & incentives — program cost recovery and margin
    • Ancillary streams — complement regulated core rates
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      PUC rates underpin predictable cash flow for ~4.0M customers; 2024 rev 12.24B

      PUC‑approved distribution rates form Eversource’s base revenue, servicing ~4.0M customers and driving predictable cash flow; 2024 operating revenues totaled $12.24B. FERC formula transmission revenue was ~$1.2B in 2024; gas distribution revenue ~ $1.9B. Ancillary fees (pole attachments, interconnection, late fees) supplement regulated income and riders accelerate capital recovery.

      Stream2024 ($)Note
      Total operating rev12.24BAll segments
      Transmission1.2BFERC formula rates
      Gas distribution1.9BSeasonal peaks, riders