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Eversource Energy history
Eversource Energy company history timeline
In 1965, HG&E was the only utility in New England that was able to keep the lights on during a massive blackout that affected nearly 30 million people.
In 1999, Con Edison and Northeast Utilities entered negotiations that would have created one of the largest utilities in the United States.
In 1999 the company divested all of the generating assets of WMECO and CL&P per requirements of the Massachusetts and Connecticut legislation.
In 2001, just a day short of its 99th birthday, HG&E acquired the remaining Holyoke Water Power assets, including the Holyoke Dam and the City’s canal system.
However, Con Edison backed out of the merger in 2001 after Connecticut's Attorney General Richard Blumenthal threatened lawsuits to block it.
In November 2005, the company announced it would sell its unregulated competitive businesses, including generation and energy services.
In October 2010, Northeast Utilities announced that it would merge with NSTAR, the major electric and gas provider in Greater Boston, with the resulting company retaining the Northeast Utilities name for the next several years.
Holyoke was named a Green Community in 2010 by the State of Massachusetts.
With a commitment to renewable energy, since 2012 HG&E has developed over 17 MW of solar, and continues to explore clean energy projects that will benefit both customers and the environment through sustainable energy savings.
In June 2017 Eversource announced its merger with Aquarion Water Company for $1.675 billion.
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Eversource Energy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The United Illuminating Company | 1899 | $590.0M | 750 | - |
| National Grid plc | 1935 | $19.6B | 22,650 | 1 |
| FirstEnergy | 1997 | $13.5B | 12,153 | 169 |
| American Electric Power | 1906 | $19.7B | 17,666 | 255 |
| PSEG | 1903 | $10.3B | 12,945 | 260 |
| Pacific Gas and Electric | 1905 | $24.4B | 24,000 | - |
| Ameren | 1997 | $7.6B | 8,615 | 80 |
| NRG Energy | 1989 | $28.8B | 4,862 | 255 |
| ONEOK | 1906 | $16.5B | 2,684 | 160 |
Eversource Energy history FAQs
Zippia gives an in-depth look into the details of Eversource Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Eversource Energy. The employee data is based on information from people who have self-reported their past or current employments at Eversource Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Eversource Energy. The data presented on this page does not represent the view of Eversource Energy and its employees or that of Zippia.
Eversource Energy may also be known as or be related to Eversource, Eversource Energy, Eversource Energy Service Company and Northeast Utilities.