Eversource is defending profits that more than doubled to $1.7B last year while Massachusetts ratepayers face some of the highest utility bills in the nation. (Boston Herald)
The company says 1) a $524M one-time loss from dumping its offshore wind stakes in 2024 makes the year-over-year comparison misleading and 2) that more than half of a typical customer’s bill comes from supply costs and state-mandated charges Eversource doesn’t control or profit from.