Eversource reported a 26 percent increase in profits for the fourth quarter of 2016, as the utility preps to bring more clean energy into New England in the years ahead.
For the quarter ended Dec. 31, 2016, net income rose to $229.2 million, or 72 cents a share, compared with $181.8 million, or 57 cents a share, in the year-ago period.
For the year, net income rose 7.2 percent to $942.3 million compared to $878.5 million in 2015.
Jim Judge, Eversource Energy president and CEO, projected growth for the company in hydroelectric power, as well as more solar energy, energy storage, natural gas expansion and offshore wind development.
“We envision 2017 to be a year during which many opportunities to enhance service and clean energy options for our customers advance,” he said.
