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COMMON SHARES | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
COMMON SHARES | COMMON SHARES The following table sets forth the Eversource parent common shares and the shares of common stock of CL&P, NSTAR Electric and PSNH that were authorized and issued, as well as the respective per share par values:
| Shares
|  |  | Authorized as of March 31, 2025 and December 31, 2024 |  | Issued as of
| Par Value |  |  | March 31, 2025 |  | December 31, 2024
Eversource | $ | 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 |
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 we re 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. 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 March 31, 2025 and 2024. These dividends were presented as Net Income Attributable to Noncontrolling Interests on the Eversource statements of income. Noncontrolling Interest – Preferred Stock of Subsidiaries on the Eversource balance sheets totaled $155.6 million as of March 31, 2025 and December 31, 2024. On the Eversource balance sheets, Common Shareholders' Equity was fully attributable to Eversource parent and Noncontrolling Interest – Preferred Stock of Subsidiaries was fully attributable to the noncontrolling interest.

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