Eversource Energy plans to invest $24.2 billion from 2025 to 2029 to upgrade its electric and natural gas distribution networks, with $16.2 billion allocated for distribution and $6.8 billion for electric transmission. The company aims to invest nearly $2 billion in replacing aging infrastructure and is currently 40% complete on its Advanced Metering Infrastructure (AMI) network in Western Massachusetts, targeting completion by July 2025.
Despite these plans, Eversource faces risks, including potential substandard performance from third-party suppliers and stringent regulatory challenges. Recently, its stock has seen a growth of 10.1% over the past three months, outperforming the industry average of 7.2%.
