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Eversource on the defensive after 2 credit agencies cut its credit outlook to negative, citing penalties set by Connecticut regulators over Isaias response

2 August 2021 by DSR

 
“Eversource Energy executives are on the defensive after two ratings agencies cut the credit outlook to negative for Connecticut Light & Power, citing its run-ins with state regulators over the utility’s response to Tropical Storm Isaias last year.

A conference call Friday with industry analysts following the release of second-quarter financial results was dominated by questions about Eversource’s CL&P franchise, though Eversource also serves gas and electric customers in Massachusetts and New Hampshire.”
 
read the entire article
 
Singer, Stephen. The Hartford Courant 2 August 2021.
 

Posted in: Connecticut Tagged: Connecticut, Connecticut Light & Power, debt, Eversource Energy, Moody’s Investors Service, Orsted, power outage, Public Utilities Regulatory Authority

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  • Eversource on the defensive after 2 credit agencies cut its credit outlook to negative, citing penalties set by Connecticut regulators over Isaias response