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Connecticut Light and Power

Eversource Energy's Profits Up $80 Million

Eversource Energy's Profits Up $80 Million

Eversource Energy reported $80 million more in earnings than in the second quarter of 2014, or 65 cents a share, with Connecticut Light and Power contributing nearly $42 million of the gain. Earnings were $207.5 million, or 65 cents a share in the second quarter this year, compared to $127.4 million, or 40 cents a share, a year ago. For shareholders, 42 cents of the profit was distributed as dividends. Operating revenues were up $139 million, to $1.8 billion, although both electricity and natural gas volumes were slightly lower than during the same period in 2014. The earnings report was released Thursday afternoon after the stock market closed. Shares closed at $49.72 Friday, up 2...

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