8-K
Eversource Energy (ES)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) ofThe Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 11, 2020 (February 5, 2020)
EVERSOURCE ENERGY
(Exact name of registrant as specifiedin its charter)
| Massachusetts | 001-05324 | 04-2147929 |
|---|---|---|
| (State or other jurisdiction<br> of incorporation) | (Commission <br><br>File Number) | (I.R.S. Employer<br> Identification No.) |
| 300 Cadwell Drive**, Springfield** , Massachusetts , 01104 | ||
| --- | ||
| (Address of principal executive offices, including zip code) |
(800) 286-5000
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Shares, $5.00 par value per share | ES | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Section 8 | Other Events |
|---|
| Item 8.01 | Other Events. |
|---|
On February 5, 2020, Eversource Energy issued a news release announcing that the Board of Trustees had approved an increase in the quarterly dividend to $0.5675 per share, payable on March 31, 2020, to shareholders of record as of the close of business on March 4, 2020. A copy of the news release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
| Section 9 | Financial Statements and Exhibits |
|---|
| Item 9.01 | Financial Statements and Exhibits. |
|---|---|
| (d) | Exhibits. |
| --- | --- |
| Exhibit Number | Description |
| --- | --- |
| 99.1 | News release, dated February 5, 2020, issued by Eversource Energy announcing the dividend increase. |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
[The remainder of this page left blank intentionally.]
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVERSOURCE ENERGY | ||
|---|---|---|
| (Registrant) | ||
| February<br> 11, 2020 | By: | /s/<br> Jay S. Buth |
| Jay<br> S. Buth | ||
| Vice President, Controller and Chief Accounting Officer |
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Exhibit 99.1
| 56 Prospect St., Hartford, Connecticut 06103-2818<br><br><br><br><br><br><br><br>800 Boylston St., Boston, Massachusetts 02199 |
|---|
News Release
Eversource Energy Raises Common Dividend By 6.1%
**HARTFORD, Conn. and BOSTON, Mass. (February 5, 2020) –**The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.5675 per share, payable on March 31, 2020, to shareholders of record as of the close of business on March 4, 2020.
The March 2020 dividend represents a 6.1 percent increase over the previous quarterly dividend level.
“Eversource Energy and its employees completed a very strong 2019, providing customers with top tier service reliability, advancing our region’s clean energy initiatives, and stepping up when natural disasters interrupt our customers’ lives, such as during last summer’s tornadoes on Cape Cod,” said Jim Judge, Eversource Energy chairman, president and chief executive officer. “We are pleased we can share the benefits of our operational and financial success with our investors.”
Eversource Energy operates New England’s largest energy delivery company with approximately 4 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire. It has approximately 330 million common shares outstanding.
MEDIA CONTACT:
Jeffrey R. Kotkin
(860) 665-5154
This news release includes statements concerning EversourceEnergy’s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performanceor growth and other statements that are not historical facts. These statements are “forward-looking statements” withinthe meaning of the Private Securities Litigation Reform Act of 1995. In some cases, readers can identify these forward-lookingstatements through the use of words or phrases such as “estimate,” “expect,” “anticipate,”“intend,” “plan,” “project,” “believe,” “forecast,” “should,”“could” and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actualresults or outcomes to differ materially from those included in the forward-looking statements. Factors that may cause actual resultsto differ materially from those included in the forward-looking statements include, but are not limited to: cyberattacks or breaches,including those resulting in the compromise of the confidentiality of our proprietary information and the personal informationof our customers; acts of war or terrorism, physical attacks or grid disturbances that may damage and disrupt our transmissionand distribution systems; ability or inability to commence and complete our major strategic development projects and opportunities;actions or inaction of local, state and federal regulatory, public policy and taxing bodies; substandard performance of third-partysuppliers and service providers; fluctuations in weather patterns, including extreme weather due to climate change; changes inbusiness conditions, which could include disruptive technology related to our current or future business model; increased conservationmeasures of customers and development of alternative energy sources; contamination of, or disruption in, our water supplies; changesin economic conditions, including impact on interest rates, tax policies, and customer demand and payment ability; changes in levelsor timing of capital expenditures; disruptions in the capital markets or other events that make our access to necessary capitalmore difficult or costly; changes in laws, regulations or regulatory policy, including compliance with environmental laws and regulations;changes in accounting standards and financial reporting regulations; actions of rating agencies; and other presently unknown orunforeseen factors.
Other risk factors are detailed in Eversource Energy’sreports filed with the Securities and Exchange Commission (SEC) and updated as necessary, and are available on Eversource Energy’swebsite at www.eversource.com and on the SEC’s website at www.sec.gov. All such factors are difficult to predict and containuncertainties that may materially affect Eversource Energy’s actual results. You should not place undue reliance on the forward-lookingstatements; each speaks only as of the date on which such statement is made, and Eversource Energy undertakes no obligation toupdate any forward-looking statement or statements to reflect events or circumstances after the date on which such statement ismade or to reflect the occurrence of unanticipated events.
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