Hydro-Québec faces $40M court fight with Massachusetts utilities over winter power cuts

National Grid plans a $1.2B project to upgrade a 230-kV power line to 345-kV in Massachusetts and Vermont, aiming to enhance grid reliability and capacity.

New England states and groups oppose NextEra Energy's $67B acquisition of Dominion Energy, citing concerns over energy costs and market power. Regulators and entities, including Eversource Energy, are reviewing the merger, which would consolidate two major nuclear plants in the region. Critics allege NextEra's past actions delayed a transmission line project, increasing costs for Massachusetts ratepayers.

Utility Dive roundup covers US climate grants, state VPP and microgrid bills, and utility earnings and projects. It notes a divided appeals court blocked EPA efforts to reclaim $20B Greenhouse Gas Reduction Fund grants. It also cites Southern Co’s 17 GW large-load contracts, Eversource’s Q2 income drop, and PJM’s capacity backstop plan amid data-center demand.

Eversource Energy (ES) reported Q2 2026 GAAP EPS of $0.14 and non-GAAP recurring EPS of $0.87, citing non-cash divestiture and offshore wind charges and lower Electric Transmission and Gas Distribution earnings. It reaffirmed 2026 non-GAAP EPS guidance of $4.57 to $4.72 and a 2026-2030 growth outlook of 5% to 7%.

Eversource Energy reported Q2 2026 income of $53.7 million, down from $352.7 million a year earlier, citing one-time charges including $111.4 million tied to its Aquarion sale, $62 million for a transmission ROE refund, and $164 million from offshore Revolution Wind liability increases. EPS fell to 14 cents. The company reaffirmed 2026 ongoing income guidance of $4.57 to $4.72 per share and expects 5% to 7% annual EPS growth through 2030.

Eversource Energy reported an after-tax charge of $164 million tied to increased construction costs for its Revolution Wind project. The company attributed the cost increases to stop-work orders issued by the Trump administration, citing liability for those higher costs. The update matters for investors tracking Eversource’s project-related expenses and earnings impact.