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424B5 Filing
Eversource Energy (ES) 424B5Prospectus supplement for primary offering
Filed: 17 Jan 24, 4:15pm
| | | 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 | |
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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 | | |
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| BofA Securities | | | BNY Mellon Capital Markets, LLC | | | Goldman Sachs & Co. LLC | |
| Mizuho | | | TD Securities | | | Wells Fargo Securities | |