| | | |
Per 2027 Note
|
| |
Total
|
| |
Per 2034 Note
|
| |
Total
|
| ||||||||||||
|
Public offering price(1)
|
| | | | 99.935% | | | | | $ | 349,772,500 | | | | | | 99.467% | | | | | $ | 646,535,500 | | |
|
Underwriting discount
|
| | | | 0.350% | | | | | $ | 1,225,000 | | | | | | 0.650% | | | | | $ | 4,225,000 | | |
|
Proceeds, before expenses, to us
|
| | | | 99.585% | | | | | $ | 348,547,500 | | | | | | 98.817% | | | | | $ | 642,310,500 | | |
| |
BofA Securities
|
| |
BNY Mellon Capital Markets, LLC
|
| |
Goldman Sachs & Co. LLC
|
|
| | Mizuho | | |
TD Securities
|
| |
Wells Fargo Securities
|
|
| | | |
Page
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| | | | | S-1 | | | |
| | | | | S-2 | | | |
| | | | | S-3 | | | |
| | | | | S-5 | | | |
| | | | | S-9 | | | |
| | | | | S-10 | | | |
| | | | | S-11 | | | |
| | | | | S-12 | | | |
| | | | | S-13 | | | |
| | | | | S-20 | | | |
| | | | | S-23 | | | |
| | | | | S-29 | | | |
| | | | | S-29 | | | |
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| | | | | | 33 | | |
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Nine months
Ended September 30, 2023 |
| |
Years Ended
December 31, |
| ||||||||||||||||||
| | | |
2022
|
| |
2021
|
| |
2020
|
| |||||||||||||||
|
(in thousands)
|
| |
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | |||
| Income Statement Data | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Operating revenues
|
| | | $ | 9,216,467 | | | | | $ | 12,289,336 | | | | | $ | 9,863,085 | | | | | $ | 8,904,430 | | |
|
Operating expenses
|
| | | | 7,375,680 | | | | | | 10,091,182 | | | | | | 7,869,764 | | | | | | 6,915,696 | | |
|
Operating income
|
| | | | 1,840,787 | | | | | | 2,198,154 | | | | | | 1,993,321 | | | | | | 1,988,734 | | |
|
Net income
|
| | | | 851,884 | | | | | | 1,412,394 | | | | | | 1,228,046 | | | | | | 1,212,686 | | |
| | | |
As of
September 30, 2023 |
| |
As of December 31,
|
| ||||||||||||||||||
| | | |
2022
|
| |
2021
|
| |
2020
|
| |||||||||||||||
|
(In thousands)
|
| |
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | |||
| Balance Sheet Data | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Total Assets
|
| | | $ | 56,293,343 | | | | | $ | 53,230,900 | | | | | $ | 48,492,144 | | | | | $ | 46,099,598 | | |
|
Rate Reduction bonds(1)
|
| | | | 410,492 | | | | | | 453,702 | | | | | | 496,912 | | | | | | 540,122 | | |
|
Long-Term Debt(2)
|
| | | | 24,159,129 | | | | | | 21,044,123 | | | | | | 18,216,674 | | | | | | 16,179,062 | | |
|
Preferred stock of subsidiaries
|
| | | | 155,570 | | | | | | 155,570 | | | | | | 155,570 | | | | | | 155,570 | | |
|
Common shareholders’ equity
|
| | | | 15,685,941 | | | | | | 15,473,158 | | | | | | 14,599,844 | | | | | | 14,063,566 | | |
| | | |
As of September 30, 2023
(Unaudited) |
| |||||||||||||||||||||
|
(Dollars in thousands)
|
| |
Actual
$ |
| |
%
|
| |
As Adjusted
$ |
| |
%
|
| ||||||||||||
| Capitalization: | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Long Term debt(1)
|
| | | $ | 24,159,129 | | | | | | 58.1% | | | | | $ | 25,159,129 | | | | | | 60.5% | | |
|
Short-term debt(2)
|
| | | | 1,529,800 | | | | | | 3.7 | | | | | | 541,547 | | | | | | 1.3 | | |
|
Preferred stock
|
| | | | 155,570 | | | | | | 0.4 | | | | | | 155,570 | | | | | | 0.4 | | |
|
Common shareholders’ equity
|
| | | | 15,685,941 | | | | | | 37.8 | | | | | | 15,685,941 | | | | | | 37.8 | | |
|
Total Capitalization
|
| | | $ | 41,530,440 | | | | | | 100.0% | | | | | $ | 41,542,187 | | | | | | 100.0% | | |
|
Underwriters
|
| |
Principal Amount
of 2027 Notes |
| |
Principal Amount
of 2034 Notes |
| ||||||
|
BofA Securities, Inc.
|
| | | $ | 54,600,000 | | | | | $ | 101,400,000 | | |
|
BNY Mellon Capital Markets, LLC
|
| | | | 54,600,000 | | | | | | 101,400,000 | | |
|
Goldman Sachs & Co. LLC
|
| | | | 54,600,000 | | | | | | 101,400,000 | | |
|
Mizuho Securities USA LLC
|
| | | | 54,600,000 | | | | | | 101,400,000 | | |
|
TD Securities (USA) LLC
|
| | | | 54,600,000 | | | | | | 101,400,000 | | |
|
Wells Fargo Securities, LLC
|
| | | | 54,600,000 | | | | | | 101,400,000 | | |
|
Samuel A. Ramirez & Company, Inc.
|
| | | | 11,200,000 | | | | | | 20,800,000 | | |
|
Siebert Williams Shank & Co., LLC
|
| | | | 11,200,000 | | | | | | 20,800,000 | | |
|
Total
|
| | | $ | 350,000,000 | | | | | $ | 650,000,000 | | |
| | | |
Paid by
Eversource Energy |
| |||
|
Per 2027 Note
|
| | | | 0.350% | | |
|
Per 2034 Note
|
| | | | 0.650% | | |
|
Total
|
| | | $ | 5,450,000 | | |
| | | |
Page
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| | | | | 32 | | | |
| | | | | 32 | | | |
| | | | | 33 | | | |
| |
BofA Securities
|
| |
BNY Mellon Capital Markets, LLC
|
| |
Goldman Sachs & Co. LLC
|
|
| | Mizuho | | |
TD Securities
|
| |
Wells Fargo Securities
|
|