Company: CNLHP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001628280-25-037369
Chunk: 105

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 105
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” (ATM) equity offering program.  Eversource may issue and sell its common shares through its sales agents during the term of this agreement.  Shares may be offered in transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise.  Sales may be made at either market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.  In the second quarter of 2025, Eversource issued 3,378,765 common shares, which resulted in proceeds of $218.0 million, net of issuance costs.  Eversource used the net proceeds received for general corporate purposes.On May 11, 2022, Eversource entered into an equity distribution agreement pursuant to which it could offer and sell up to $1.2 billion of its common shares from time to time through an ATM equity offering program.  In the first six months of 2024, Eversource issued 4,206,649 common shares, which resulted in proceeds of $248.2 million, net of issuance costs.  Eversource used the net proceeds received for general corporate purposes.  Eversource completed this program in October 2024.  Treasury Shares:  As of June 30, 2025 and December 31, 2024, there were 8,064,521 and 9,116,315 Eversource common shares held as treasury shares, respectively.  As of June 30, 2025 and December 31, 2024, there were 371,038,611 and 366,608,052 Eversource common shares outstanding, respectively.Eversource issues treasury shares to satisfy awards under the Company's incentive plans, shares issued under the dividend reinvestment and share purchase plan, and matching contributions under the Eversource 401k Plan.  The issuance of treasury shares represents a non-cash transaction, as the treasury shares were used to fulfill Eversource's obligations that require the issuance of common shares. 

13.    COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS

Dividends on the preferred stock of CL&P and NSTAR Electric totaled $1.9 million for each of the three months ended June 30, 2025 and 2024 and $3.8 million for each of the six months ended June 30, 2025 and 2024.  These