Eversource Energy (d/b/a) · NYSE:ES
Eversource Energy (d/b/a) — Eversource Energy — Q2 2017 Earnings Presentation
10 slides from Eversource Energy (d/b/a)'s earnings presentation, Jul 27, 2017
Slide 1: Investor Call
Exhibit 99.3 INVESTOR CALL Investor Call July 28, 2017
Slide 2: Safe Harbor
EVERSSURCE °NE Safe Harbor 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 a
Slide 3: Investor Call agenda
INVESTOR CALL EVERSSUR ™ Second Quarter and First Half Phil Lembo Performance Executive Vice President = Regulatory Update d Chief Fi ! Offi ee . NEP N OTC " Acquisition of Aquarion ™ Capital Plan and Transmission Projects Update Lee Olivier = Northern Pass EvP Enterprise Strategy = Massachusetts RF
Slide 4: Second Quarter & First Half 2017 Results
Second Quarter & First Half 2017 Results Q22017 = Q22016 Change YTD6-30-17 YTD6-30-16 Change $0.38 $0.32 $0.06 $0.74 $0.66 $0.08 $0.30 $0.29 $0.01 $0.60 $0.56 $0.04 $0.01 $0.03 ($0.02) $0.17 $0.19 ($0.02) $0.03 $0.00 $0.03 $0.03 $0.00 $0.03 $0.72 $0.64 $0.08 $1.54 $1.41 $0.13
Slide 5: Massachusetts Rate Review
Massachusetts Rate Review January: NSTAR Electric and WMECO filed applications to raise base distribution rates by $60 million and $36 million, respectively Decoupling for NSTAR Electric Permission to combine companies legally Implement performance-based ratemaking $400 million in new grid moderniza
Slide 6: Status of the Four New England Transmission Complaints Unclear at FERC
INVESTOR CALL Status of the Four New England Transmission Complaints Unclear at FERC = First complaint decided in 2014; resulted in base ROE of 10.57% and project incentive cap of 11.74% = Three-judge panel at D.C. Circuit Court of Appeals unanimously vacated FERC’s order in its April 14, 2017 decis
Slide 7: Eversource Poised to Enter Water Business With Acquisition of Aquarion
INVESTOR CALL EVERSSURCE Eversource Poised to Enter Water Business With Acquisition of Aquarion Will unite New England's largest energy and water companies, increasing Eversource’s customer base to nearly 4 million Enterprise value of $1.675 billion = $880 million cash = — $795 million assumed Aquar
Slide 8: Transmission Projects Update
INVESTOR CALL a EVERSSURCE ENERGY + 28 projects including seven new transmission lines, new substations and substation expansion projects + 10 projects have been placed in service + 7 projects under construction + 5 projects in MADPU siting process, expect 2017 approval + Projected completion: 2019
Slide 9: ~ EVERSSURCE
INVESTOR CALL ~ EVERSSURCE
Slide 10: Schedule for Massachusetts RFPs
Schedule for Massachusetts RFPs 9.45 TWh Clean Energy RFP. EVERSSURCE ENERGY Off-Shore Wind RFP Event Date Issue RFP. March 31, 2017 Event Date Issue RFP. June 29, 2017 Due date for submission of proposals July 27, 2017 Due date for submission of proposals December 20, 2017| Selection of projects fo