Eversource Energy (NYSE:ES) was founded in 1927, formerly known as Northeast Utilities (Northeast Utilities), and changed to its current name in February 2015. Headquartered in Springfield, Massachusetts, USA, with 8,084 full-time employees, it is a firepower Power generation, distribution services and natural gas distribution companies.
Energy solution Eversource Energy (ES):
Energy Solutions is a utility company engaged in energy transmission business through its subsidiaries. Eversource Energy’s business scope includes power distribution, power transmission, natural gas distribution, etc. In addition, Eversource Energy is also involved in power generation, power distribution and power transmission, and natural gas distribution.
Energy Solutions mainly provides energy (electricity and natural gas) transmission services to residential, commercial and industrial customers in Connecticut, Massachusetts and New Hampshire, with nearly 3.6 million electricity and natural gas customers.
The historical evolution of Eversource Energy(ES):
- On July 1, 1966, Connecticut Light and Power Company (CL&P) (founded in 1917), Western Massachusetts Electric Company (WMECO) (founded in 1886) and Hartford Electric Light Company (founded in 1878) merged to form the NU System;
- In 1967, Holyoke Water Power Company (HWP) (founded in 1859) became a member of NU System;
- In 1992, Public Service Company of New Hampshire (PSNH) (founded in 1926) became a member of NU System;
- In 1999, Con Edison negotiated a merger with Northeast Utilities, but failed in the end;
- In 2001, NU System sold all the distribution and hydropower assets of Holyoke Water Power Company to City of Holyoke;
- From 2000 to 2002, NU System divested the nuclear power generation assets of WMECO, CL&P and PSNH, including the Seabrook and Millstone nuclear power plants, as well as the shares of Vermont Yankee;
- In 2005, announced the sale of its unregulated and competitive businesses, including power generation and energy services;
- In 2006, Northeast Utilities sold The Northeast Generation assets and HWP Mt. Tom Station to FirstLight energy;
- In October 2010, Northeast Utilities announced the merger with NSTAR. The name Northeast Utilities continued to be used for the next few years. The transaction was completed in April 2012;
- On February 2, 2015, Northeast Utilities changed its name to Eversource Energy;
- On February 19, 2015, Eversource Energy’s stock trading code on the NYSE was changed from: NU to: ES.