EnergyReader · 2026-08-05 12:44

Jefferies Flags Negative Returns in Eversource Connecticut Smart Meter Bid

By EnergyReader Newsroom · August 5, 2026

Eversource Energy's Connecticut Power & Light subsidiary filed a $1 billion advanced metering infrastructure proposal in mid-July 2026 that Jefferies analysts have effectively written off before state regulators have even ruled on it. In a note issued Friday (2026-07-31), Jefferies said the plan carries a benefit-to-cost ratio of 0.66, meaning for every dollar of projected benefit the program would extract roughly $1.52 from ratepayers, leaving an estimated $350 million in ratepayer costs above the calculated benefits.

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