Utilities
Eversource Energy's Q2 FY2026 earnings were heavily impacted by a material FERC ROE refund order, causing net income to plummet despite steady revenue growth.
Key risk: FERC ROE Refund Order
On March 19, 2026, FERC issued an order setting a new base ROE and requiring material refunds with interest for historical periods dating back to October 2014. The order adversely affects our financial position, results of operations, and cash flows, and creates risks regarding our ability to secure acceptable ROEs in future FERC proceedings.
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