Eversource Energy announced that on June 30, 2026, it completed the sale of Aquarion Water Company to the Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut. The buyer is described as a standalone water authority operating alongside the South Central Connecticut Regional Water Authority. The transaction was completed consistent with all regulatory terms and requirements. Eversource said the total purchase price was $2.4 billion in cash. After adjustments, the company expects net equity proceeds of approximately $1.7 billion, which it plans to use to displace Eversource Energy debt. The sale marks Eversource’s exit from the Aquarion water distribution business and has an immediate accounting effect. As a result of the transaction, Eversource expects to recognize an after-tax, non-cash, non-recurring charge of approximately $115 million in the second quarter of 2026, equal to about $0.31 per share. The filing reports the transaction under Item 2.02, “Results of Operations and Financial Condition,” and Item 8.01, “Other Events.” Eversource also included cautionary language around non-GAAP financial measures, noting that it may discuss earnings and earnings per share excluding the Aquarion sale loss and excluding a separate charge tied to the March 2026 FERC decision in FERC base return-on-equity complaints. The company said management views those charges as not indicative of baseline operating performance. Eversource also reiterated that forward-looking statements remain subject to risks, including regulatory actions, capital market conditions, cyber events, severe weather, offshore wind-related uncertainties, changes in capital spending, and broader economic or policy changes. The key corporate development, however, is the completed $2.4 billion cash divestiture of Aquarion, with proceeds targeted toward debt reduction and a second-quarter non-cash charge expected to flow through reported results.