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A Newtown resident, Morrissey has been executive vice president and CFO of Aquarion since 2012.
A recent Request for Proposals for a Connecticut offshore wind project has resulted in a pair of offers from rival energy developers.
The deal makes Eversource the only U.S.-based electric utility to also own a water utility.
The first phase is expected to be finished in late December, while the second phase will get underway in early 2018.
Bridgeport-based Aquarion serves nearly 230,000 customers in Connecticut, Massachusetts and New Hampshire.
The company also reported fourth quarter 2016 earnings of $229.2 million.
The City of Stamford and the Hartford-based electric and gas provider Eversource have announced a first-in-the-state private-public energy efficiency agreement to save the city more than $1 million in energy costs and reduce negative environmental impacts.