EVERSOURCE ENERGY (NYSE:ES) Files An 8-K Other Events
Item 8.01
Other Events.
On June 1, 2017, Eversource Energy entered into a Purchase and
Sale Agreement with certain subsidiaries and affiliates of
Macquarie Utilities Holdings, GP, to which Eversource Energy will
acquire 50% of the outstanding equity interests of Macquarie
Utilities Inc. (Macquarie Utilities) for a total equity purchase
price of approximately $880 million in cash, plus assumed debt.
Subject to receipt of required regulatory approvals, the closing
of the transaction is expected to occur by December 31, 2017.
Macquarie Utilities owns Aquarion Water Company of Connecticut,
Aquarion Water Company of Massachusetts and Aquarion Water
Company of New Hampshire.
The closing of the transaction is subject to various customary
conditions, including, among others, (a) receipt of all required
regulatory approvals from the Connecticut Public Utilities
Regulatory Authority, the Massachusetts Department of Public
Utilities and the New Hampshire Public Utilities Commission and
(b) expiration or termination of the applicable Hart-Scott-Rodino
Act waiting period.
On June 2, 2017, Eversource Energy issued a press release
announcing the pending acquisition of Macquarie Utilities. A copy
of the press release is attached hereto as Exhibit 99.1.
Section 9
Financial Statements and Exhibits
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
|
Exhibit Number |
Description |
|
99.1 |
Press Release of Eversource Energy, issued June 2, 2017. |
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About EVERSOURCE ENERGY (NYSE:ES)
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses. Its electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. Its natural gas distribution segment distributes natural gas to approximately 286,000 customers in over 50 communities in central and eastern Massachusetts covering approximately 1,070 square miles. EVERSOURCE ENERGY (NYSE:ES) Recent Trading Information
EVERSOURCE ENERGY (NYSE:ES) closed its last trading session up +0.04 at 62.35 with 1,278,582 shares trading hands.