Eversource Statement on Credit Rating Downgrades
Dec 10, 2024
Following yesterday’s announcement that S&P has downgraded Eversource’s credit rating due to the continuing pattern of adverse regulatory developments for investor-owned utilities operating in Connecticut, Eversource issued the statement below from Vice President of Distribution Rates and Regulatory Requirements, Douglas Horton. Eversource’s subsidiaries in Connecticut – Connecticut Light and Power Co. and Yankee Gas Services Co. – were downgraded to ‘A-’ from ‘A’ and to ‘BBB’ from ‘A-’, respectively.