Company: CNLHP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000072741-25-000011
Chunk: 89

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 89
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 par values:   Shares Authorized as of March 31, 2025 and December 31, 2024Issued as of Par ValueMarch 31, 2025December 31, 2024Eversource$5 410,000,000 375,724,367 375,724,367 CL&P$10 24,500,000 6,035,205 6,035,205 NSTAR Electric$1 100,000,000 200 200 PSNH$1 100,000,000 301 301 

31

Common Share Issuances:  Eversource had 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 “at-the-market” (ATM) equity offering program.  Eversource issued and sold its common shares through its sales agents during the term of this agreement.  Shares were offered in transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise.  Sales were made at either market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.  In 2024, Eversource issued 15,740,294 common shares, which resulted in proceeds of $989.4 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 March 31, 2025 and December 31, 2024, there were 8,417,284 and 9,116,315 Eversource common shares held as treasury shares, respectively.  As of March 31, 2025 and December 31, 2024, there were 367,307,083 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