Item 16. Form 10-K Summary
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Item 16. Form 10-K Summary
Not applicable.
SCHEDULE I
EVERSOURCE ENERGY (PARENT)
FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND 2024
(Thousands of Dollars)
| 2025 | 2024 | ||||||||||
| ASSETS | |||||||||||
| Current Assets: | |||||||||||
| Cash | $ | 200 | $ | 1,083 | |||||||
| Accounts Receivable from Subsidiaries | 215,193 | 100,320 | |||||||||
| Notes Receivable from Subsidiaries | 1,592,100 | 2,051,400 | |||||||||
| Prepayments and Other Current Assets, Including Assets Held for Sale | 57,002 | 96,313 | |||||||||
| Total Current Assets | 1,864,495 | 2,249,116 | |||||||||
| Deferred Debits and Other Assets: | |||||||||||
| Investments in Subsidiary Companies, at Equity | 21,413,181 | 20,080,215 | |||||||||
| Notes Receivable from Subsidiaries | 2,296,500 | 2,296,500 | |||||||||
| Accumulated Deferred Income Taxes | 100,941 | 113,718 | |||||||||
| Goodwill | 3,550,070 | 3,231,811 | |||||||||
| Long-Term Assets Held for Sale | — | 335,393 | |||||||||
| Other Long-Term Assets | 26,700 | 24,582 | |||||||||
| Total Deferred Debits and Other Assets | 27,387,392 | 26,082,219 | |||||||||
| Total Assets | $ | 29,251,887 | $ | 28,331,335 | |||||||
| LIABILITIES AND CAPITALIZATION | |||||||||||
| Current Liabilities: | |||||||||||
| Notes Payable | $ | 1,280,000 | $ | 1,538,011 | |||||||
| Long-Term Debt - Current Portion | 1,002,439 | 600,000 | |||||||||
| Accounts Payable to Subsidiaries | 43,698 | 45,326 | |||||||||
| Accrued Interest | 169,516 | 168,748 | |||||||||
| Other Current Liabilities | 97,176 | 57,923 | |||||||||
| Total Current Liabilities | 2,592,829 | 2,410,008 | |||||||||
| Deferred Credits and Other Liabilities: | |||||||||||
| Long-Term Liabilities Held for Sale | — | 15,028 | |||||||||
| Other Long-Term Liabilities | 115,299 | 137,656 | |||||||||
| Total Deferred Credits and Other Liabilities | 115,299 | 152,684 | |||||||||
| Long-Term Debt | 10,346,488 | 10,729,256 | |||||||||
| Common Shareholders' Equity: | |||||||||||
| Common Shares | 1,914,273 | 1,878,622 | |||||||||
| Capital Surplus, Paid in | 9,937,878 | 9,428,905 | |||||||||
| Retained Earnings | 4,504,983 | 3,929,141 | |||||||||
| Accumulated Other Comprehensive Loss | (20,507) | (26,472) | |||||||||
| Treasury Stock | (139,356) | (170,809) | |||||||||
| Common Shareholders' Equity | 16,197,271 | 15,039,387 | |||||||||
| Total Liabilities and Capitalization | $ | 29,251,887 | $ | 28,331,335 |
See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including the sale status of Aquarion as described in Note 24, “Assets Held for Sale,” Eversource common shares information as described in Note 18, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."
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SCHEDULE I
EVERSOURCE ENERGY (PARENT)
FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF INCOME/(LOSS)
FOR THE YEARS ENDED DECEMBER 31, 2025, 2024 AND 2023
(Thousands of Dollars, Except Share Information)
| 2025 | 2024 | 2023 | |||||||||||||||
| Operating Revenues | $ | 2,067 | $ | 4,442 | $ | 840 | |||||||||||
| Operating Expenses: | |||||||||||||||||
| Acquisition and Integration Costs Allowed for Recovery | (82,346) | — | — | ||||||||||||||
| Other | 10,458 | 20 | 12,769 | ||||||||||||||
| Loss on Pending Sale of Aquarion | — | 297,000 | — | ||||||||||||||
| Total Operating Expenses | (71,888) | 297,020 | 12,769 | ||||||||||||||
| Operating Income/(Loss) | 73,955 | (292,578) | (11,929) | ||||||||||||||
| Interest Expense | 548,723 | 549,511 | 397,281 | ||||||||||||||
| Other Income, Net: | |||||||||||||||||
| Equity in Earnings/(Losses) of Subsidiaries | 1,923,453 | 1,359,297 | (312,040) | ||||||||||||||
| Other, Net | 166,600 | 214,444 | 188,003 | ||||||||||||||
| Other Income/(Loss), Net | 2,090,053 | 1,573,741 | (124,037) | ||||||||||||||
| Income/(Loss) Before Income Tax Benefit | 1,615,285 | 731,652 | (533,247) | ||||||||||||||
| Income Tax Benefit | (77,087) | (80,001) | (91,007) | ||||||||||||||
| Net Income/(Loss) | $ | 1,692,372 | $ | 811,653 | $ | (442,240) | |||||||||||
| Basic Earnings/(Loss) per Common Share | $ | 4.56 | $ | 2.27 | $ | (1.27) | |||||||||||
| Diluted Earnings/(Loss) per Common Share | $ | 4.56 | $ | 2.27 | $ | (1.26) | |||||||||||
| Weighted Average Common Shares Outstanding: | |||||||||||||||||
| Basic | 370,852,601 | 357,482,965 | 349,580,638 | ||||||||||||||
| Diluted | 371,259,264 | 357,779,408 | 349,840,481 |
STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
| (Thousands of Dollars) | 2025 | 2024 | 2023 | ||||||||||||||
| Net Income/(Loss) | $ | 1,692,372 | $ | 811,653 | $ | (442,240) | |||||||||||
| Other Comprehensive Income, Net of Tax: | |||||||||||||||||
| Qualified Cash Flow Hedging Instruments | 20 | 20 | 20 | ||||||||||||||
| Changes in Unrealized Gains on Marketable Securities | — | — | 1,252 | ||||||||||||||
| Changes in Funded Status of Pension, SERP and PBOP Benefit Plans | 5,945 | 7,245 | 4,412 | ||||||||||||||
| Other Comprehensive Income, Net of Tax | 5,965 | 7,265 | 5,684 | ||||||||||||||
| Comprehensive Income/(Loss) | $ | 1,698,337 | $ | 818,918 | $ | (436,556) |
See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including the sale status of Aquarion as described in Note 24, “Assets Held for Sale,” Eversource common shares information as described in Note 18, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."
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SCHEDULE I
EVERSOURCE ENERGY (PARENT)
FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025, 2024 and 2023
(Thousands of Dollars)
| 2025 | 2024 | 2023 | |||||||||||||||
| Operating Activities: | |||||||||||||||||
| Net Income/(Loss) | $ | 1,692,372 | $ | 811,653 | $ | (442,240) | |||||||||||
| Adjustments to Reconcile Net Income/(Loss) to Net Cash Flows Provided by Operating Activities: | |||||||||||||||||
| Equity in (Earnings)/Losses of Subsidiaries | (1,923,453) | (1,359,297) | 312,040 | ||||||||||||||
| Cash Dividends Received from Subsidiaries | 1,340,500 | 1,273,700 | 1,027,400 | ||||||||||||||
| Deferred Income Taxes | 12,098 | (99,692) | (22,256) | ||||||||||||||
| Loss on Pending Sale of Aquarion | — | 297,000 | — | ||||||||||||||
| Other | 88,966 | 57,469 | (12,834) | ||||||||||||||
| Changes in Current Assets and Liabilities: | |||||||||||||||||
| Accounts Receivables from Subsidiaries | (32,527) | (40,129) | (6,853) | ||||||||||||||
| Accounts Receivable from EGMA for Acquisition and Integration Costs Allowed for Recovery | (82,346) | — | — | ||||||||||||||
| Taxes Receivable/Accrued, Net | 86,083 | 22,464 | (80,968) | ||||||||||||||
| Accounts Payable to Subsidiaries | (1,628) | 7,275 | 4,521 | ||||||||||||||
| Other Current Assets and Liabilities, Net | (4,322) | 58,572 | 35,357 | ||||||||||||||
| Net Cash Flows Provided by Operating Activities | 1,175,743 | 1,029,015 | 814,167 | ||||||||||||||
| Investing Activities: | |||||||||||||||||
| Capital Contributions to Subsidiaries | (755,000) | (2,026,500) | (1,369,700) | ||||||||||||||
| Return of Capital from Subsidiaries | 11,000 | 17,000 | 438,000 | ||||||||||||||
| Increase/(Decrease) in Notes Receivable from Subsidiaries | 459,300 | 201,500 | (1,578,100) | ||||||||||||||
| Other Investing Activities | — | — | 147,567 | ||||||||||||||
| Net Cash Flows Used in Investing Activities | (284,700) | (1,808,000) | (2,362,233) | ||||||||||||||
| Financing Activities: | |||||||||||||||||
| Issuance of Common Shares, Net of Issuance Costs | 465,389 | 989,447 | — | ||||||||||||||
| Cash Dividends on Common Shares | (1,093,074) | (1,001,488) | (918,995) | ||||||||||||||
| Issuance of Long-Term Debt | 600,000 | 2,400,000 | 3,350,000 | ||||||||||||||
| Retirement of Long-Term Debt | (600,000) | (1,350,000) | (1,200,000) | ||||||||||||||
| (Decrease)/Increase in Notes Payable | (258,011) | (233,894) | 329,705 | ||||||||||||||
| Other Financing Activities | (6,241) | (24,539) | (13,076) | ||||||||||||||
| Net Cash Flows (Used in)/Provided by Financing Activities | (891,937) | 779,526 | 1,547,634 | ||||||||||||||
| Net (Decrease)/Increase in Cash and Restricted Cash | (894) | 541 | (432) | ||||||||||||||
| Cash and Restricted Cash - Beginning of Year | 1,156 | 615 | 1,047 | ||||||||||||||
| Cash and Restricted Cash - End of Year | $ | 262 | $ | 1,156 | $ | 615 | |||||||||||
| Supplemental Cash Flow Information: | |||||||||||||||||
| Cash Paid/(Received) During the Year for: | |||||||||||||||||
| Interest | $ | 541,910 | $ | 483,101 | $ | 366,645 | |||||||||||
| Income Taxes | $ | (171,114) | $ | 443 | $ | 23,984 |
See the Combined Notes to Financial Statements in this Annual Report on Form 10-K for a description of significant accounting matters related to Eversource parent, including the sale status of Aquarion as described in Note 24, “Assets Held for Sale,” Eversource common shares information as described in Note 18, "Common Shares," material obligations and guarantees as described in Note 13, "Commitments and Contingencies," and debt agreements as described in Note 8, "Short-Term Debt," and Note 9, "Long-Term Debt."
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SCHEDULE II
EVERSOURCE ENERGY AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
FOR THE YEARS ENDED DECEMBER 31, 2025, 2024 AND 2023
(Thousands of Dollars)
| Column A | Column B | Column C | Column D | Column E | ||||||||||||||||
| Additions | ||||||||||||||||||||
| (1) | (2) | |||||||||||||||||||
| Description: | Balance as of Beginning of Year | Charged to Costs and Expenses | Charged to Other Accounts - Describe (a) | Deductions -Describe (b) | Balance as of End of Year | |||||||||||||||
| Eversource: | ||||||||||||||||||||
| Reserves Deducted from Assets - | ||||||||||||||||||||
| Reserves for Uncollectible Accounts: | ||||||||||||||||||||
| 2025 | $ | 556,164 | $ | 101,141 | $ | 120,006 | $ | 196,772 | $ | 580,539 | ||||||||||
| 2024 | 554,455 | 74,069 | 119,659 | 192,019 | 556,164 | |||||||||||||||
| 2023 | 486,297 | 72,468 | 158,205 | 162,515 | 554,455 | |||||||||||||||
| CL&P: | ||||||||||||||||||||
| Reserves Deducted from Assets - | ||||||||||||||||||||
| Reserves for Uncollectible Accounts: | ||||||||||||||||||||
| 2025 | $ | 279,108 | $ | 17,949 | $ | 43,110 | $ | 81,653 | $ | 258,514 | ||||||||||
| 2024 | 296,030 | 17,190 | 46,840 | 80,952 | 279,108 | |||||||||||||||
| 2023 | 225,320 | 11,675 | 126,360 | 67,325 | 296,030 | |||||||||||||||
| NSTAR Electric: | ||||||||||||||||||||
| Reserves Deducted from Assets - | ||||||||||||||||||||
| Reserves for Uncollectible Accounts: | ||||||||||||||||||||
| 2025 | $ | 114,910 | $ | 41,430 | $ | 37,050 | $ | 60,829 | $ | 132,561 | ||||||||||
| 2024 | 97,026 | 33,607 | 37,653 | 53,376 | 114,910 | |||||||||||||||
| 2023 | 94,958 | 22,791 | 17,488 | 38,211 | 97,026 | |||||||||||||||
| PSNH: | ||||||||||||||||||||
| Reserves Deducted from Assets - | ||||||||||||||||||||
| Reserves for Uncollectible Accounts: | ||||||||||||||||||||
| 2025 | $ | 14,090 | $ | 11,973 | $ | 7,193 | $ | 9,709 | $ | 23,547 | ||||||||||
| 2024 | 14,322 | 4,688 | 5,131 | 10,051 | 14,090 | |||||||||||||||
| 2023 | 29,236 | 3,989 | (8,735) | 10,168 | 14,322 |
(a) Amounts relate to uncollectible accounts receivables reserved for that are not charged to bad debt expense. CL&P, NSTAR Electric, NSTAR Gas, EGMA and Yankee Gas are allowed to recover in rates, amounts associated with certain uncollectible hardship accounts receivable. CL&P, NSTAR Electric, PSNH, NSTAR Gas and EGMA are also allowed to recover uncollectible energy supply costs through regulatory tracking mechanisms.
(b) Amounts written off, net of recoveries.
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EXHIBIT INDEX
Each document described below is incorporated by reference by the registrant(s) listed to the files identified, unless designated with a (*), which exhibits are filed herewith. Management contracts and compensation plans or arrangements are designated with a (+).
Exhibit
Number Description
- Articles of Incorporation and By-Laws
(A) Eversource Energy
3.1 Declaration of Trust of Eversource Energy, as amended through May 1, 2025 (Exhibit 3.1, Eversource Energy Current Report on Form 8-K filed on May 1, 2025, File No. 001-05324)
(B) The Connecticut Light and Power Company
3.1 Amended and Restated Certificate of Incorporation (Exhibit 3(i), CL&P Current Report on Form 8-K filed on January 9, 2012, File No. 000-00404)
3.2 By-laws of CL&P, as amended and restated effective September 29, 2014 (Exhibit 3.1, CL&P Current Report on Form 8-K filed on October 2, 2014, File No. 000-00404)
(C) NSTAR Electric Company
3.1 Restated Articles of Organization of NSTAR Electric Company, fka Boston Edison Company (Exhibit 3.1, NSTAR Electric Quarterly Report on Form 10-Q for the Quarter Ended June 30, 1994 filed on August 12, 1994, File No. 001-02301)
3.2 Bylaws of NSTAR Electric Company, as amended and restated effective September 29, 2014 (Exhibit 3.1, NSTAR Electric Current Report on Form 8-K filed on October 2, 2014, File No. 000-02301)
(D) Public Service Company of New Hampshire
3.1 Articles of Incorporation, as amended to May 16, 1991 (Exhibit 3.3.1, PSNH Annual Report on Form 10-K filed on March 25, 1994, File No. 001-06392)
3.2 By-laws of PSNH, as in effect June 27, 2008 (Exhibit 3, PSNH Quarterly Report on Form 10-Q for the Quarter Ended June 30, 2008 filed on August 7, 2008, File No. 001-06392)
- Instruments defining the rights of security holders, including indentures
(A) Eversource Energy
4.1 Indenture between Eversource Energy and The Bank of New York as Trustee dated as of April 1, 2002 (Exhibit A-3, Eversource Energy 35-CERT filed on April 16, 2002, File No. 070-09535)
4.1.1 Seventh Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of March 1, 2016, relating to $250 million of Senior Notes, Series J, due 2026 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on March 15, 2016, File No. 001-05324)
4.1.2 Tenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of January 1, 2018, relating to $450 million of Senior Notes, Series M, Due 2028 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on January 12, 2018, File No. 001-05324)
4.1.3 Eleventh Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of December 1, 2018, relating to $400 million of Senior Notes, Series N, Due 2023 and $500 million of Senior Notes, Series O, Due 2029 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on December 18, 2018, File No. 001-05324)
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4.1.4 Twelfth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of January 1, 2020, relating to $650 million of Senior Notes, Series P, Due 2050 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on January 16, 2020, File No. 001-05324)
4.1.5 Thirteenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of August 1, 2020, relating to $300 million aggregate principal amount of Senior Notes, Series Q, Due 2025 and $600 million aggregate principal amount of Senior Notes, Series R, Due 2030 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on August 20, 2020, File No. 001-05324)
4.1.6 Fourteenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of March 1, 2021, relating to $350 million aggregate principal amount of Senior Notes, Series S, Due 2031 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on March 16, 2021, File No. 001-05324)
4.1.7 Fifteenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of August 1, 2021, relating to $350 million aggregate principal amount of Floating Rate Senior Notes, Series T and $300 million aggregate principal amount of Senior Notes, Series U, Due 2026 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on August 13, 2021, File No. 001-05324)
4.1.8 Sixteenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of February 1, 2022, relating to $650 million aggregate principal amount of Senior Notes, Series V, Due 2027 and $650 million aggregate principal amount of Senior Notes, Series W, Due 2032 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on February 25, 2022, File No. 001-05324)
4.1.9 Seventeenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of June 1, 2022, relating to $900 million aggregate principal amount of Senior Notes, Series X, Due 2024 and $600 million aggregate principal amount of Senior Notes, Series Y, Due 2027 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on June 27, 2022, File No. 001-05324)
4.1.10 Eighteenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of March 1, 2023, relating to $1.3 billion aggregate principal amount of Senior Notes, Series Z, Due 2028 (Exhibit 4.1, Eversource Energy Current Report on Form 8‑K filed on March 6, 2023, File No. 001-05324)
4.1.11 Nineteenth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of May 1, 2023, relating to $450 million aggregate principal amount of Senior Notes, Series AA, Due 2026 and $800 million aggregate principal amount of Senior Notes, Series BB, Due 2033 (Exhibit 4.3, Eversource Energy Current Report on Form 8‑K filed on May 11, 2023, File No. 001-05324)
4.1.12 Twentieth Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of November 1, 2023, relating to $800 million aggregate principal amount of Senior Notes, Series CC, Due 2029 (Exhibit 4.1, Eversource Energy Current Report on Form 8‑K filed on November 13, 2023, File No. 001-05324)
4.1.13 Twenty-First Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of January 1, 2024, relating to $350 million aggregate principal amount of Senior Notes, Series DD, Due 2027 and $650 million aggregate principal amount of Senior Notes, Series EE, Due 2034 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on January 19, 2024, File No. 001-05324)
4.1.14 Twenty-Second Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of April 1, 2024, relating to $700 million aggregate principal amount of Senior Notes, Series FF, Due 2031 and $700 million aggregate principal amount of Senior Notes, Series GG, Due 2034 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on April 18, 2024, File No. 001-05324)
4.1.15 Twenty-Third Supplemental Indenture between Eversource Energy and The Bank of New York Trust Company N.A., as Trustee, dated as of October 1, 2025, relating to $600 million aggregate principal amount of Senior Notes, Series HH, Due 2030 (Exhibit 4.1, Eversource Energy Current Report on Form 8-K filed on October 17, 2025, File No. 001-05324)
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4.2 Eversource Energy Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (Exhibit 4.3, Eversource Energy Annual Report on Form 10-K filed on February 27, 2020, File No. 001-05324)
(B) The Connecticut Light and Power Company
4.1 Indenture of Mortgage and Deed of Trust between CL&P and Bankers Trust Company, Trustee, dated as of May 1, 1921 (Composite including all twenty-four amendments to May 1, 1967) (Exhibit 4.1, Eversource 10-K filed on February 26, 2018, File No. 000-00404)
4.1.1 Series B Supplemental Indenture between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of September 1, 2004 (Exhibit 99.5, CL&P Current Report on Form 8-K filed on September 22, 2004, File No. 000-00404)
4.2 Composite Indenture of Mortgage and Deed of Trust between CL&P and Deutsche Bank Trust Company Americas f/k/a Bankers Trust Company, dated as of May 1, 1921, as amended and supplemented by seventy-three supplemental mortgages to and including Supplemental Mortgage dated as of April 1, 2005 (Exhibit 99.5, CL&P Current Report on Form 8-K filed on April 13, 2005, File No. 000-00404)
4.2.1 Supplemental Indenture (2005 Series B Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of April 1, 2005 (Exhibit 99.2, CL&P Current Report on Form 8-K filed on April 13, 2005, File No. 000-00404)
4.2.2 Supplemental Indenture (2006 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of June 1, 2006 (Exhibit 99.2, CL&P Current Report on Form 8-K filed on June 7, 2006, File No. 000-00404)
4.2.3 Supplemental Indenture (2007 Series B Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of March 1, 2007 (Exhibit 99.2, CL&P Current Report on Form 8-K filed on March 29, 2007, File No. 000-00404)
4.2.4 Supplemental Indenture (2007 Series D Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of September 1, 2007 (Exhibit 4, CL&P Current Report on Form 8-K filed on September 19, 2007, File No. 000-00404)
4.2.5 Supplemental Indenture (2014 Series A Bond) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of April 1, 2014 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on April 29, 2014, File No. 000-00404)
4.2.6 Supplemental Indenture (2015 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of May 1, 2015 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on May 26, 2015, File No. 000-00404)
4.2.7 Supplemental Indenture (2015 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of November 1, 2015 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on December 4, 2015, File No. 000-00404)
4.2.8 Supplemental Indenture (2017 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of March 1, 2017 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on March 16, 2017, File No. 000-00404)
4.2.9 Supplemental Indenture (2014 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of August 1, 2017 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on August 23, 2017, File No. 000-00404)
4.2.10 Supplemental Indenture (2018 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of March 1, 2018 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on April 2, 2018, File No. 000-00404)
4.2.11 Supplemental Indenture (2018 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of March 1, 2019 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on April 4, 2019, File No. 000-00404)
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4.2.12 Supplemental Indenture (2017 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of September 1, 2019 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on September 23, 2019, File No. 000-00404)
4.2.13 Supplemental Indenture (2021 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of June 1, 2021 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on July 2, 2021, File No. 000-00404)
4.2.14 Supplemental Indenture (2023 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of January 1, 2023 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on January 10, 2023, File No. 000-00404)
4.2.15 Supplemental Indenture (2023 Series B Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of July 1, 2023 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on July 6, 2023, File No. 000-00404)
4.2.16 Supplemental Indenture (2024 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of January 1, 2024 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on January 23, 2024, File No. 000-00404)
4.2.17 Supplemental Indenture (2024 Series B Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of August 1, 2024 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on August 13, 2024, File No. 000-00404)
4.2.18 Supplemental Indenture (2025 Series A Bonds) between CL&P and Deutsche Bank Trust Company Americas, as Trustee dated as of January 1, 2025 (Exhibit 4.1, CL&P Current Report on Form 8-K filed on January 13, 2025, File No. 000-00404)
4.3 CL&P Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (Exhibit 4.4, Eversource Energy Annual Report on Form 10-K filed on February 27, 2020, File No. 001-05324)
(C) NSTAR Electric Company
4.1 Indenture between Boston Edison Company and the Bank of New York (as successor to Bank of Montreal Trust Company) (Exhibit 4.1, 2017 Eversource Energy Annual Report on Form 10-K filed on February 26, 2018, File No. 001-05324)
4.1.1 A Form of 5.75% Debenture Due March 15, 2036 (Exhibit 99.2, Boston Edison Company Current Report on Form 8‑K filed on March 17, 2006, File No. 001-02301)
4.1.2 A Form of 5.50% Debenture Due March 15, 2040 (Exhibit 99.2, NSTAR Electric Company Current Report on Form 8‑K filed on March 15, 2010, File No. 001-02301)
4.1.3 A Form of 4.40% Debenture Due 2044 (Exhibit 4, NSTAR Electric Company Current Report on Form 8-K filed on March 13, 2014, File No. 001-02301)
4.1.4 A Form of 2.70% Debenture due 2026 (Exhibit 4, NSTAR Electric Company Current Report on Form 8-K filed on May, 31, 2016, File No. 001-02301)
4.1.5 Form of 3.20% Debenture due May 15, 2027 (Exhibit 4, NSTAR Electric Company Current Report on Form 8-K filed on May 18, 2017 File No. 001-02301)
4.1.6 Form of 3.25% Debenture due May 15, 2029 (Exhibit 4, NSTAR Electric Company Current Report on Form 8-K filed on May 23, 2019, File No. 001-02301)
4.1.7 Form of 3.95% Debenture due April 1, 2030 (Exhibit 4, NSTAR Electric Company Current Report on Form 8-K filed on March 26, 2020, File No. 001-02301)
4.1.8 Form of 3.10% Debenture due June 1, 2051 (Exhibit 4, NSTAR Electric Company Current Report on Form 8-K filed on June 2, 2021, File No. 001-02301)
4.1.9 Form of 1.95% Debenture due August 15, 2031 (Exhibit 4.1, NSTAR Electric Company Current Report on Form 8-K filed on August 23, 2021, File No. 001-02301)
4.1.10 Form of 4.55% Debenture due June 1, 2052 (Exhibit 4.1, NSTAR Electric Company Current Report on Form 8-K filed on May 17, 2022, File No. 001-02301)
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4.1.11 Form of 4.95% Debenture due September 15, 2052 (Exhibit 4.1, NSTAR Electric Company Current Report on Form 8-K filed on September 15, 2022, File No. 001-02301)
4.1.12 Form of 5.60% Debenture due October 1, 2028 (Exhibit 4.1, NSTAR Electric Company Current Report on Form 8-K filed on September 25, 2023, File No. 001-02301)
4.1.13 Form of 5.40% Debenture due 2034 (Exhibit 4.1, NSTAR Electric Company Current Report on Form 8‑K filed on May 22, 2024, File No. 001-02301)
4.1.14 Form of 4.85% Debenture due 2030 (Exhibit 4.1, NSTAR Electric Company Current Report on Form 8‑K filed on February 26, 2025, File No. 001-02301)
4.1.15 Form of 5.20% Debenture due 2035 (Exhibit 4.2, NSTAR Electric Company Current Report on Form 8‑K filed on February 26, 2025, File No. 001-02301)
4.2 Second Amended and Restated Credit Agreement, dated as of October 15, 2021, by and among NSTAR Electric Company and the Banks named therein, pursuant to which Barclays Bank PLC serves as Administrative Agent and Swing Line Lender (Exhibit 10.13, Eversource Energy Annual Report on Form 10-K filed on February 17, 2022, File No. 001-05324)
4.2.1 First Amendment to Second Amended and Restated Credit Agreement and Extension Agreement, dated October 17, 2022, by and between NSTAR Electric Company and the Banks named therein, pursuant to which Barclays Bank PLC serves as Administrative Agent and Swing Line Lender (Exhibit 4.1, Eversource Energy Quarterly Report on Form 10-Q filed on November 4, 2022, File No. 001-05324)
4.2.2 Second Amendment to Second Amended and Restated Credit Agreement, dated October 11, 2024, by and between NSTAR Electric Company and the Banks named therein, pursuant to which Barclays Bank PLC serves as Administrative Agent and Swing Line Lender (Exhibit 4, Eversource Energy Quarterly Report on Form 10-Q filed on November 6, 2024, File No. 001-05324)
4.3 Indenture between NSTAR Electric Company, as successor to Western Massachusetts Electric Company (WMECO), and The Bank of New York, as Trustee, dated as of September 1, 2003 (Exhibit 99.2, WMECO Current Report on Form 8-K filed on October 8, 2003, File No. 000-07624)
4.3.1 Second Supplemental Indenture between NSTAR Electric Company, as successor to WMECO, and The Bank of New York, as Trustee dated as of September 1, 2004 (Exhibit 4.1, WMECO Current Report on Form 8-K filed on September 27, 2004, File No. 000-07624)
4.3.2 Fourth Supplemental Indenture between NSTAR Electric Company, as successor to WMECO, and The Bank of New York Trust, as Trustee, dated as of August 1, 2007 (Exhibit 4.1, WMECO Current Report on Form 8-K filed on August 20, 2007, File No. 000-07624)
4.3.3 Eighth Supplemental Indenture between NSTAR Electric Company, as successor to WMECO, and The Bank of New York Trust Company, N.A., as Trustee, dated as of June 1, 2016 (Exhibit 4.1, WMECO Current Report on Form 8-K filed on June 29, 2016, File No. 000-07624)
4.4 NSTAR Electric Company Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (Exhibit 4.4, Eversource Energy Annual Report on Form 10-K filed on February 27, 2020, File No. 001-05324)
(D) Public Service Company of New Hampshire
4.1 First Mortgage Indenture between PSNH and First Fidelity Bank, National Association, New Jersey, now First Union National Bank, Trustee, dated as of August 15, 1978 (Composite including all amendments effective June 1, 2011) (included as Schedule C to the Eighteenth Supplemental Indenture filed as Exhibit 4.1 to PSNH Current Report on Form 8-K filed on June 2, 2011, File No. 001-06392)
4.1.1 Fourteenth Supplemental Indenture between PSNH and Wachovia Bank, National Association successor to First Union National Bank, as successor to First Fidelity Bank, National Association, as Trustee dated as of October 1, 2005 (Exhibit 99.2, PSNH Current Report on Form 8-K filed on October 6, 2005, File No. 001-06392)
4.1.2 Twenty-Second Supplemental Indenture, between PSNH and U.S. Bank National Association, as Trustee dated as of June 1, 2019 (Exhibit 4.1, PSNH Current Report on Form 8-K filed on July 3, 2019, File No. 001-06392)
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4.1.3 Twenty-Third Supplemental Indenture, between PSNH and U.S. Bank National Association, as Trustee dated as of August 1, 2020 (Exhibit 4.1, PSNH Current Report on Form 8-K filed on August 31, 2020, File No. 001-06392)
4.1.4 Twenty-Fourth Supplemental Indenture, between PSNH and U.S. Bank National Association, as Trustee dated as of June 1, 2021 (Exhibit 4.1, PSNH Current Report on Form 8-K filed on June 21, 2021, File No. 001-06392)
4.1.5 Twenty-Fifth Supplemental Indenture, between PSNH and U.S. Bank Trust Company, National Association, as Trustee dated as of January 1, 2023 (Exhibit 4.1, PSNH Current Report on Form 8-K filed on January 11, 2023, File No. 001-06392)
4.1.6 Twenty-Sixth Supplemental Indenture, between PSNH and U.S. Bank Trust Company, National Association, as Trustee dated as of September 1, 2023 (Exhibit 4.1, PSNH Current Report on Form 8-K filed on September 25, 2023, File No. 001-06392)
4.1.7 Twenty-Seventh Supplemental Indenture, between PSNH and U.S. Bank Trust Company, National Association, as Trustee dated as of April 1, 2024 (Exhibit 4.3, PSNH Current Report on Form 8-K filed on April 1, 2024, File No. 001-06392)
4.1.8 Twenty-Eighth Supplemental Indenture, between PSNH and U.S. Bank Trust Company, National Association, as Trustee dated as of June 1, 2025 (Exhibit 4.1, PSNH Current Report on Form 8-K filed on June 24, 2025, File No. 001-06392)
4.2 Series A Loan and Trust Agreement among Business Finance Authority of the State of New Hampshire and PSNH and State Street Bank and Trust Company, as Trustee (Tax Exempt Pollution Control Bonds) dated as of October 1, 2001 (Exhibit 4.3.5, 2001 Eversource Energy Annual Report on Form 10-K filed on March 22, 2002, File No. 001-05324)
(F) Eversource Energy, The Connecticut Light and Power Company and Public Service Company of New Hampshire
4.1 Second Amended and Restated Credit Agreement, dated as of October 15, 2021, by and among Eversource, Aquarion Water Company of Connecticut, NSTAR Gas, CL&P, PSNH, Yankee Gas and EGMA and the Banks named therein, pursuant to which Bank of America, N.A. serves as Administrative Agent and Swing Line Lender (Exhibit 10.12, Eversource Energy Annual Report on Form 10-K filed on February 17, 2022, File No. 001-05324)
4.1.1 First Amendment to Second Amended and Restated Credit Agreement and Extension Agreement, dated October 17, 2022, by and among Eversource, Aquarion Water Company of Connecticut, NSTAR Gas, CL&P, PSNH, Yankee Gas and EGMA and the Banks named therein, pursuant to which Bank of America, N.A. serves as Administrative Agent and Swing Line Lender (Exhibit 4, Eversource Energy Quarterly Report on Form 10-Q filed on November 4, 2022, File No. 001-05324)
4.1.2 Second Amendment to Second Amended and Restated Credit Agreement and Extension Agreement, dated November 29, 2023, by and among Eversource, Aquarion Water Company of Connecticut, NSTAR Gas, CL&P, PSNH, Yankee Gas and EGMA and the Banks named therein, pursuant to which Bank of America, N.A. serves as Administrative Agent and Swing Line Lender (Exhibit 4.1.2, Eversource Energy Annual Report on Form 10-K filed on February 14, 2024, File No. 001-05324)
4.1.3 Third Amendment to Second Amended and Restated Credit Agreement, dated October 11, 2024, by
and among Eversource Energy, Aquarion Water Company of Connecticut, NSTAR Gas Company, The Connecticut Light and Power Company, Public Service Company of New Hampshire, Yankee Gas Services Company and Eversource Gas Company of Massachusetts and the Banks named therein, pursuant to which Bank of America, N.A. serves as Administrative Agent and Swing Line Lender (Exhibit 4, Eversource Energy Quarterly Report on Form 10-Q filed on November 6, 2024, File No. 001-05324)
- Material Contracts
(A) Eversource Energy
10.1 Lease between The Rocky River Realty Company and Eversource Energy Service Company, dated as of July 1, 2008 (Exhibit 10.1, Eversource Energy Annual Report on Form 10-K filed on February 26, 2018, File No. 001-05324)
*+10.2 Eversource Energy Board of Trustees’ Compensation Arrangement Summary
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+10.3 Eversource Supplemental Executive Retirement Program, as amended to include the Eversource Supplemental Cash Balance Pension Plan, effective January 1, 2025 (Exhibit 10.1, Eversource Energy Current Report on Form 8-K filed on December 6, 2024, File No. 001-05324)
+10.4 Eversource Energy Deferred Compensation Plan for Executives effective as of January 1, 2014 (Exhibit 10.6, Eversource Energy Annual Report on Form 10-K filed on February 26, 2016, File No. 001-05324)
+10.4.1 Amendment No 1 to the Eversource Deferred Compensation Plan effective February 7, 2018 (Exhibit 10.6.1, Eversource Energy Annual Report on Form 10-K filed on February 27, 2020, File No. 001-05324)
+10.5 NSTAR Excess Benefit Plan, effective August 25, 1999 (Exhibit 10.1, NSTAR Annual Report on Form 10-K/A filed on September 29, 2000, File No. 001-14768)
+10.5.1 NSTAR Excess Benefit Plan, incorporating the NSTAR 409A Excess Benefit Plan, as amended and restated effective January 1, 2008, dated December 24, 2008 (Exhibit 10.1.1, NSTAR Annual Report on Form 10-K filed on February 9, 2009, File No. 001-14768)
+10.6 Amended and Restated Change in Control Agreement by and between Joseph R. Nolan, Jr. and NSTAR, dated November 15, 2007 (Exhibit 10.13, NSTAR Annual Report on Form 10-K filed on February 11, 2008, File No. 001-14768)
+10.7 Amended and Restated Change in Control Agreement by and between Senior Vice President and NSTAR, dated November 15, 2007 (Exhibit 10.15, NSTAR Annual Report on Form 10-K filed on February 11, 2008, File No. 001-14768)
(B) Eversource Energy, The Connecticut Light and Power Company, NSTAR Electric Company and Public Service Company of New Hampshire
10.1 Amended and Restated Form of Service Contract between each of Eversource Energy, CL&P, NSTAR Electric Company and Eversource Energy Service Company dated as of January 1, 2014. (Exhibit 10.1, Eversource Energy Annual Report on Form 10-K filed on February 25, 2014, File No. 001-05324)
10.2 Transmission Operating Agreement between the Initial Participating Transmission Owners, Additional Participating Transmission Owners and ISO New England, Inc. dated as of February 1, 2005 (Exhibit 10.29, Eversource Energy Annual Report on Form 10-K filed on March 17, 2005, File No. 001-05324)
10.2.1 Rate Design and Funds Disbursement Agreement among the Initial Participating Transmission Owners, Additional Participating Transmission Owners and ISO New England, Inc., effective June 30, 2006 (Exhibit 10.22.1, Eversource Energy Annual Report on Form 10-K filed on March 1, 2007, File No. 001-05324)
10.3 Eversource Energy's Third Amended and Restated Tax Allocation Agreement dated as of April 10, 2012, (Exhibit 10.1, Eversource Energy Quarterly Report on Form 10-Q for Quarter Ended June 30, 2012 filed on August 7, 2012, File No. 001-05324)
+10.4 Amended and Restated Incentive Plan Effective January 1, 2009 (Exhibit 10.3, Eversource Energy Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2008 filed November 10, 2008, File No. 001-05324)
+10.5 2018 Eversource Energy Incentive Plan (Exhibit 99.2, Eversource Energy Current Report on Form 8-K dated May 3, 2018, File No. 001-05324)
10.5.1 Amendment Number 1 to the 2018 Eversource Incentive Plan, effective May 3, 2023 (Appendix A to the Eversource Energy Definitive Proxy Statement for the 2023 Eversource Energy Annual Meeting of Shareholders, dated March 24, 2023, File No. 001-05324)
+10.6 Trust under Supplemental Executive Retirement Plan dated May 2, 1994 (Exhibit 10.33, Eversource Energy Annual Report on Form 10-K filed on March 21, 2003, File No. 001-05324)
+10.6.1 First Amendment to Trust Under Supplemental Executive Retirement Plan, effective as of December 10, 2002 (Exhibit 10 (B) 10.19.1, Eversource Energy Annual Report on Form 10-K filed on March 12, 2004, File No. 001-05324)
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+10.6.2 Second Amendment to Trust Under Supplemental Executive Retirement Plan, effective as of November 12, 2008 (Exhibit 10.12.2, Eversource Energy Annual Report on Form 10-K filed on February 27, 2009, File No. 001-05324)
+10.7 Amended and Restated Employment Agreement with Gregory B. Butler, effective January 1, 2009 (Exhibit 10.7, Eversource Energy Annual Report on Form 10-K filed on February 27, 2009, File No. 001-05324)
(C) Eversource Energy, The Connecticut Light and Power Company, Public Service Company of New Hampshire and NSTAR Electric Company
10.1 Eversource Energy Service Company Transmission and Ancillary Service Wholesale Revenue Allocation Methodology among The Connecticut Light and Power Company, NSTAR Electric Company, Public Service Company of New Hampshire, Holyoke Water Power Company and Holyoke Power and Electric Company Trustee dated as of January 1, 2008 (Exhibit 10.1, Eversource Energy Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2008 filed on May 9, 2008, File No. 001-05324)
*21. Subsidiaries of the Registrant
*23. Consents of Independent Registered Public Accounting Firm
*31. Rule 13a - 14(a)/15 d - 14(a) Certifications
(A) Eversource Energy
(B) The Connecticut Light and Power Company
(C) NSTAR Electric Company
(D) Public Service Company of New Hampshire
31 Certification by the Chairman of PSNH pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
*32 18 U.S.C. Section 1350 Certifications
(A) Eversource Energy
(B) The Connecticut Light and Power Company
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(C) NSTAR Electric Company
(D) Public Service Company of New Hampshire
*97 Clawback Policy
*101.INS Inline XBRL Instance Document - the instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document
*101.SCH Inline XBRL Taxonomy Extension Schema
*101.CAL Inline XBRL Taxonomy Extension Calculation
*101.DEF Inline XBRL Taxonomy Extension Definition
*101.LAB Inline XBRL Taxonomy Extension Labels
*101.PRE Inline XBRL Taxonomy Extension Presentation
*104 The cover page from the Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL
E-9
EVERSOURCE ENERGY
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| EVERSOURCE ENERGY | |||||||||||
| February 17, 2026 | By: | /s/ | Jay S. Buth | ||||||||
| Jay S. Buth | |||||||||||
| Vice President, Controller and Chief Accounting Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Gregory B. Butler, John M. Moreira and Jay S. Buth and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
| Signature | Title | Date | |||||||||||||||
| /s/ | Joseph R. Nolan, Jr. | Chairman of the Board, President and | February 17, 2026 | ||||||||||||||
| Joseph R. Nolan, Jr. | Chief Executive Officer | ||||||||||||||||
| (Principal Executive Officer) | |||||||||||||||||
| /s/ | John M. Moreira | Executive Vice President, Chief Financial Officer | February 17, 2026 | ||||||||||||||
| John M. Moreira | and Treasurer | ||||||||||||||||
| (Principal Financial Officer) | |||||||||||||||||
| /s/ | Jay S. Buth | Vice President, Controller | February 17, 2026 | ||||||||||||||
| Jay S. Buth | and Chief Accounting Officer | ||||||||||||||||
| /s/ | Cotton M. Cleveland | Trustee | February 17, 2026 | ||||||||||||||
| Cotton M. Cleveland | |||||||||||||||||
| /s/ | Linda Dorcena Forry | Trustee | February 17, 2026 | ||||||||||||||
| Linda Dorcena Forry | |||||||||||||||||
| /s/ | Gregory M. Jones | Trustee | February 17, 2026 | ||||||||||||||
| Gregory M. Jones | |||||||||||||||||
| /s/ | Loretta D. Keane | Trustee | February 17, 2026 | ||||||||||||||
| Loretta D. Keane |
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| Signature | Title | Date | |||||||||||||||
| /s/ | John Y. Kim | Trustee | February 17, 2026 | ||||||||||||||
| John Y. Kim | |||||||||||||||||
| /s/ | David H. Long | Trustee | February 17, 2026 | ||||||||||||||
| David H. Long | |||||||||||||||||
| /s/ | W. Robert Mudge | Trustee | February 17, 2026 | ||||||||||||||
| W. Robert Mudge | |||||||||||||||||
| /s/ | Daniel J. Nova | Trustee | February 17, 2026 | ||||||||||||||
| Daniel J. Nova | |||||||||||||||||
| /s/ | Frederica M. Williams | Trustee | February 17, 2026 | ||||||||||||||
| Frederica M. Williams | |||||||||||||||||
E-11
THE CONNECTICUT LIGHT AND POWER COMPANY
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| THE CONNECTICUT LIGHT AND POWER COMPANY | |||||||||||
| February 17, 2026 | By: | /s/ | Jay S. Buth | ||||||||
| Jay S. Buth | |||||||||||
| Vice President, Controller and Chief Accounting Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Gregory B. Butler, John M. Moreira and Jay S. Buth and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
| Signature | Title | Date | |||||||||||||||
| /s/ | Paul Chodak III | Chairman and Chief Executive Officer | February 17, 2026 | ||||||||||||||
| Paul Chodak III | and a Director | ||||||||||||||||
| (Principal Executive Officer) | |||||||||||||||||
| /s/ | John M. Moreira | Executive Vice President, Chief Financial Officer | February 17, 2026 | ||||||||||||||
| John M. Moreira | and Treasurer and a Director | ||||||||||||||||
| (Principal Financial Officer) | |||||||||||||||||
| /s/ | Gregory B. Butler | Executive Vice President and General Counsel | February 17, 2026 | ||||||||||||||
| Gregory B. Butler | and a Director | ||||||||||||||||
| /s/ | Jay S. Buth | Vice President, Controller | February 17, 2026 | ||||||||||||||
| Jay S. Buth | and Chief Accounting Officer | ||||||||||||||||
| /s/ | Penelope M. Conner | Director | February 17, 2026 | ||||||||||||||
| Penelope M. Conner | |||||||||||||||||
| /s/ | Chandler J. Howard | Director | February 17, 2026 | ||||||||||||||
| Chandler J. Howard | |||||||||||||||||
| /s/ | Patrick J. McGrath | Director | February 17, 2026 | ||||||||||||||
| Patrick J. McGrath | |||||||||||||||||
| /s/ | Ian G. Nicholson | Director | February 17, 2026 | ||||||||||||||
| Ian G. Nicholson | |||||||||||||||||
E-12
NSTAR ELECTRIC COMPANY
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| NSTAR ELECTRIC COMPANY | |||||||||||
| February 17, 2026 | By: | /s/ | Jay S. Buth | ||||||||
| Jay S. Buth | |||||||||||
| Vice President, Controller and Chief Accounting Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Gregory B. Butler, John M. Moreira and Jay S. Buth and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
| Signature | Title | Date | |||||||||||||||
| /s/ | Joseph R. Nolan, Jr. | Chairman and a Director | February 17, 2026 | ||||||||||||||
| Joseph R. Nolan, Jr. | (Principal Executive Officer) | ||||||||||||||||
| /s/ | Paul Chodak III | Chief Executive Officer and a Director | February 17, 2026 | ||||||||||||||
| Paul Chodak III | |||||||||||||||||
| /s/ | John M. Moreira | Executive Vice President, Chief Financial Officer | February 17, 2026 | ||||||||||||||
| John M. Moreira | and Treasurer and a Director | ||||||||||||||||
| (Principal Financial Officer) | |||||||||||||||||
| /s/ | Gregory B. Butler | Executive Vice President and General Counsel | February 17, 2026 | ||||||||||||||
| Gregory B. Butler | and a Director | ||||||||||||||||
| /s/ | Jay S. Buth | Vice President, Controller | February 17, 2026 | ||||||||||||||
| Jay S. Buth | and Chief Accounting Officer | ||||||||||||||||
E-13
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE | |||||||||||
| February 17, 2026 | By: | /s/ | Jay S. Buth | ||||||||
| Jay S. Buth | |||||||||||
| Vice President, Controller and Chief Accounting Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Gregory B. Butler, John M. Moreira and Jay S. Buth and each of them, his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
| Signature | Title | Date | |||||||||||||||
| /s/ | Joseph R. Nolan, Jr. | Chairman and a Director | February 17, 2026 | ||||||||||||||
| Joseph R. Nolan, Jr. | (Principal Executive Officer) | ||||||||||||||||
| /s/ | Paul Chodak III | Chief Executive Officer and a Director | February 17, 2026 | ||||||||||||||
| Paul Chodak III | |||||||||||||||||
| /s/ | John M. Moreira | Executive Vice President, Chief Financial Officer | February 17, 2026 | ||||||||||||||
| John M. Moreira | and Treasurer and a Director | ||||||||||||||||
| (Principal Financial Officer) | |||||||||||||||||
| /s/ | Gregory B. Butler | Executive Vice President and General Counsel | February 17, 2026 | ||||||||||||||
| Gregory B. Butler | and a Director | ||||||||||||||||
| /s/ | Jay S. Buth | Vice President, Controller | February 17, 2026 | ||||||||||||||
| Jay S. Buth | and Chief Accounting Officer |
E-14
Previous: Item 15. Exhibits and Financial Statement Schedules