“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, a key official, as Connecticut braces for severe weather conditions.
As of 7:30 p.m. on March 16, 2026, hundreds of Eversource customers reported being without power, prompting the utility company to remind residents to report outages to (800) 286-2000.
The state is currently under a flood watch and wind advisory, which has heightened concerns about safety and service reliability. Eversource, a regulated utility holding company operating in Connecticut, Massachusetts, and New Hampshire, is facing significant challenges as it navigates these adverse weather conditions.
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 context underscores the ongoing evolution of energy provision in the state.
Despite the current challenges, Eversource’s stock is trading near its 52-week high of $76.41 on the New York Stock Exchange, having opened at $74.18 on the same day. The company’s regulated model and stable cash flows are seen as factors contributing to the safety of its dividends compared to many European utility peers.
In terms of customer usage, Eversource typically sees around 700 kilowatt hours per month. The utility’s pricing structure allows for profits of 9%, which is higher than the 5% to 8% allowed for municipal utilities.
As the storm progresses, Eversource and other utilities are expected to monitor the situation closely, with the hope that their ability to procure power in real time will mitigate risks associated with rate fluctuations.
Residents are urged to stay informed and exercise caution as the weather continues to impact daily life in Connecticut. Details remain unconfirmed regarding the full extent of the outages and restoration timelines.
