Slide 1: 2021 Second Quarter Results
2021 Second Quarter Results July 30, 2021
Slide 2: Safe Harbor Statement
Safe Harbor Statement All per-share amounts in this presentation are reported on a diluted basis. The only common equity securities that are publicly traded are common shares of Eversource Energy. The earnings and EPS of each business do not represent a direct legal interest in the assets and liabil
Slide 3: Agenda
Agenda Joe Nolan Overview President & CEO Offshore Wind Update Clean Energy Initiative and Sustainability Update Phil Lembo Q2 2021 Financial Results Executive Vice President and CFO Grid Modernization and AMI Update 2
Slide 4: Eversource-Ørsted Projects Poised to Help New England and New York Meet Long-Term Goals
Eversource-Ørsted Projects Poised to Help New England and New York Meet Long-Term Goals South Fork Wind Revolution Wind Sunrise Wind Size 132 MW 704 MW 924 MW Filed Oct 2018; DEIS issued Filed March 2020; review schedule was Construction Operation Plan Filed September 2020; review Jan. 8, 2021; Deci
Slide 5: Support for Zero-Emissions Vehicle Accelerating
Support for Zero-Emissions Vehicle Accelerating Massachusetts Through 2021, $55 million in Make Ready investment supporting ~4,000 charging ports at ~400 customer sites. Follow-on program filed on 7/14/21 with DPU to build on successes, lessons learned and market evolution that will: Expand li
Slide 6: Eversource 2020 Sustainability Report
Eversource 2020 Sustainability Report 2020 Sustainability Report published July 21 Report overhauled to enhance disclosures and readability Highlights our climate leadership and progress under industry leading carbon neutral goal Greenhouse gas emissions third-party verified to enhance data
Slide 7: Second Quarter and First Half 2021 EPS Results
Second Quarter and First Half 2021 EPS Results 2Q 2021 2Q 2020 2Q Change 1H 2021 1H 2020 1H Change Electric Transmission $0.40 $0.39 $0.01 $0.79 $0.76 $0.03 Electric Distribution 0.35 0.34 0.01 0.62 0.73 (0.11) Natural Gas Distribution 0.01 0.01 0.00 0.44 0.26 0.18 Water Distribution 0.03 0.03 0.00
Slide 8: Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7%
Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7% Through 2025 Expected higher than 5%-7% as larger offshore wind projects enter service $3.81- $3.93 $2.81 $2.96 $3.11 $3.25 $3.45 $3.64 $2.28 $2.53 $2.65 2012A* 2013A* 2014A* 2015A* 2016A 2017A 2018A 2019A* 2020A* 2021E * 2022E 2
Slide 9: NSTAR Electric Submitted New Grid Modernization, AMI Proposals to MA DPU
On 7/1/21, NSTAR Electric Submitted New Grid Modernization, AMI Proposals to MA DPU Grid Modernization AMI Builds on initial $133M plan approved by Submitted implementation plan for full DPU in 2018, supplemented by $56M for deployment of Advanced Meter 2021 Infrastructure (AMI) for MA electric
Slide 10: Appendix
EVERSSURCE ENERGY Appendix
Slide 11: Eversource's Progress Toward Carbon Neutrality
Eversource’s Progress Toward Carbon Neutrality 900,000 828,107 -17% Eversource emissions have 800,000 greatly declined through 707,015 685,331 divestiture of fossil fuel 700,000 generation over the past several 600,000 decades Since the sale of fossil plants, MT CO2e 500,000 400,000 we have seen
Slide 12: Projected Capital Expenditures For Core Businesses
Projected Capital Expenditures For Core Businesses $17 Billion 2021-2025 $4,000 $3,524 $3,541 $3,545 $3,500 $3,343 $217 $249 $211 $3,053 $3,064 $149 $143 $154 $194 $3,076 $3,000 $2,830 $162 $239 $239 $176 $185 $110 $127 $824 $171 $974 $ In Millions $925 $102 $937 $2,500 $453 $404 $545 $789 $2,000 $1
Slide 13: Key PURA Regulatory Dockets
Key PURA Regulatory Dockets Docket Description Current Schedule Number 20-08-03/ Final decision issued 4/28/21. Notice of Violation Review of Tropical Storm Isaias 20-08- decision finalized on 7/14/21 03RE01 Interim decision issued 4/28/21; New rates subject to Annual review of multiple CL&P tracker