“When it’s raining like that and you got standing water on the roadway, leave a little early, don’t be in a hurry, turn around,” advised Rick Fontana, as severe weather conditions impacted Connecticut on March 16, 2026.
As of 7:30 p.m. on the same day, hundreds of Eversource customers reported being without power, prompting the utility company to remind residents to report outages to (800) 286-2000. A flood watch and wind advisory have been issued for the entire state, heightening concerns for public safety.
Eversource Energy, a regulated utility holding company operating in Connecticut, Massachusetts, and New Hampshire, has been facing challenges as it manages the impact of the storm. The company’s stock opened at $74.18 on March 16, 2026, and is trading near its 52-week high of $76.41.
In the context of the current weather, Eversource’s regulated model and stable cash flows are seen as factors that contribute to the safety of its dividend, which is considered more secure than that of many European utility peers.
Historically, Connecticut’s municipal electric utilities were established in the late 19th and early 20th centuries to provide a public alternative to private, for-profit power companies. This legacy continues to influence the energy landscape in the region.
Alan Huth remarked, “The municipal model has been around since the very beginning of the electric era,” highlighting the long-standing presence of municipal utilities in Connecticut.
As Eversource navigates the current situation, Doug Horton noted, “We don’t know exactly which way it will go, but the idea is that as we have more flexibility to procure the power in more real time, that that hopefully will result in at least the elimination of the risk component of the rate.” This statement reflects the company’s ongoing efforts to adapt to changing energy demands.
With Eversource’s 52-week low recorded at $52.28, the company typically yields between 2.5 to 3.2 percent in the current environment, showcasing its financial resilience even amidst operational challenges.
As the storm continues to affect the region, Eversource is expected to provide updates on restoration efforts and any further developments related to power outages.