Belt Tightening At Eversource

Eversource Energy plans to cut an additional $82.9 million from its 2025 capital spending, blaming Connecticut’s utility regulator for recent financial challenges. The company says the reductions will impact grid upgrades, aging infrastructure replacements, and outage-response technology. Critics on the other hand, including some state officials, argue Eversource is shifting blame and ignoring other regulatory avenues while customers face high energy costs. Eversource strongly denies those allegations, saying the cuts are a necessary business move.