ES · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

EVERSOURCE ENERGY · 2026-11-06 · Importance 58 · Surprise 64

Cash and cash equivalents were $525.4 million at September 30, 2026, compared with $135.4 million at December 31, 2025. Eversource Parent and NSTAR Electric had no commercial-paper borrowings outstanding at September 30, 2026, with available capacity of $2.00 billion and $650 million, respectively; their revolving credit facilities were also undrawn. Eversource Parent issued $1.5 billion of junior subordinated notes at 6.10% and 6.35% in February 2026, while NSTAR Electric issued $700 million of debentures and PSNH issued $200 million of first mortgage bonds; Eversource also repaid $612.4 million of long-term debt at the Aquarion closing. The parent and NSTAR Electric revolving credit facilities were extended to October 11, 2031, and Fitch revised the outlooks for Eversource Parent, CL&P, NSTAR Electric and PSNH from negative to stable on August 14, 2026.

Key facts

• On November 4, 2026, PURA authorized CL&P to issue up to $1.15 billion in long-term debt through December 31, 2027.
• NSTAR Electric filed July 17, 2026, for authority to issue up to $3.2 billion in long-term debt through December 31, 2029; EGMA filed September 30, 2026, for up to $550 million through that date.
• Effective October 11, 2026, Eversource parent and NSTAR Electric each extended the termination date of their $2.00 billion and $650 million revolving credit facilities, respectively, by one year to October 11, 2031.
• On May 6, 2026, the NHPUC authorized PSNH to issue up to $200.0 million of long-term debt through December 31, 2026; PSNH had used its existing authorizations.
• Fitch revised the outlooks from negative to stable on August 14, 2026, for Eversource parent, CL&P, NSTAR Electric and PSNH, citing the Aquarion sale closing and increased confidence Revolution Wind would reach commercial operation by year-end 2026.
• Eversource cash and cash equivalents were $525.4 million at September 30, 2026, compared with $135.4 million at December 31, 2025.
• Eversource issued $289,044 common shares for net proceeds of $19.9 million in the first nine months of 2026 under its up-to-$1.2 billion ATM equity program.
• Eversource parent and NSTAR Electric had no commercial paper borrowings outstanding at September 30, 2026; available capacities were $2.00 billion and $650 million, respectively.