Slide 1: 2021 Third Quarter Results
November 3, 2021 2021 Third Quarter Results
Slide 2: Safe Harbor Statement
Safe Harbor Statement 1 All per - share amounts in this news release 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 li
Slide 3: Agenda
Agenda Joe Nolan President & CEO Phil Lembo Executive Vice President and CFO ▪ Business Update ▪ Regulatory Developments ▪ Offshore Wind Update ▪ Q3 2021 Financial Results ▪ CT Settlement ▪ Natural Gas Prices ▪ Grid Modernization and AMI Update ▪ 2021 Financing Update 2
Slide 4: Eversource-Ørsted Projects Poised to Help New England and New York Meet Long-Term Goals
3 Eversource - Ørsted Projects Poised to Help New England and New York Meet Long - Term Goals South Fork Wind Revolution Wind Sunrise Wind Size 130 MW 704 MW 924 MW Construction Operation Plan Filing with BOEM Filed Oct 2018; FEIS issued Aug. 2021; Decision delayed, but permit still expected by mid
Slide 5: Third Quarter and Nine Months 2021 EPS Results
4 3Q 2021 3Q 2020 3Q Change 9M 2021 9M 2020 9M Change $0.40 $0.36 $0.04 $1.20 $1.13 $0.07 0.62 0.60 0.02 1.31 1.33 (0.02) (0.06) (0.04) (0.02) 0.37 0.22 0.15 0.05 0.07 (0.02) 0.09 0.11 (0.02) 0.01 0.03 (0.02) (0.02) 0.01 (0.03) 1.02 1.02 0.00 2.95 2.80 0.15 (0.20) (0.01) (0.19) (0.30) (0.04) (0.26)
Slide 6: Well-Performing Core Businesses Drive EPS CAGR to Upper Half of 5–7% Through 2025
5 Well - Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7% Through 2025 $2.28 $2.53 $2.65 $2.81 $2.96 $3.11 $3.25 $3.45 $3.64 $3.81 - $3.93 2012A* 2013A* 2014A* 2015A* 2016A 2017A 2018A 2019A* 2020A* 2021E 2022E 2023E 2024E 2025E *Excludes merger and integration costs in 2012 - 2015,
Slide 7: Key Elements of Approved CT Settlement
6 Key Elements of Approved CT Settlement Customer Rate Benefits ▪ Interim Rate Reduction Bill Credit $65M (split between December 2021 and January 2022) ▪ Eversource to withdraw appeal of the $28.4M storm performance penalty (to be credited to customers from September 2021 – August 2022) ▪ Funding f
Slide 8: Status Report - CT EV and AMI Filings
Status Report - CT EV and AMI Filings 7 EV ▪ Compliance Filing submitted 10/15/21 ▪ Submitted program design documents including proposed budget and implementation plan ▪ PURA review and approval ▪ Draft Decision – 11/18/21 ▪ Final PURA Decision – 12/8/21 ▪ Program Launch – 1/1/22 AMI ▪ Technology w
Slide 9: Status Report - MA Grid Mod, AMI and EV Programs
Status Report - MA Grid Mod, AMI and EV Programs 8 Grid Mod ▪ Advanced Distribution Management System/Communications ▪ Monitoring & Control/Volt Var Optimization ▪ Advanced Load Flow/Distributed Energy Management System ▪ Four - year Plan - capital investment of nearly $200 million for 2022 - 2025 A
Slide 10: Gas LDCs Plan For and Secure Firm Capacity to Meet Customer Needs
9 Gas LDCs Plan For and Secure Firm Capacity to Meet Customer Needs ▪ LDCs have contracted for pipeline expansions to meet load growth ▪ Algonquin Gas Transmission – “AIM” and “Atlantic Bridge” ▪ Tennessee Gas Pipeline – “Connecticut Expansion” ▪ Gas customers pay lower production area prices (relat
Slide 11: Appendix
EVERSSURCE ENERGY APPENDIX
Slide 12: Projected Capital Expenditures For Core Businesses
11 $994 $1,030 $964 $1,065 $915 $853 $761 $711 $1,145 $1,221 $1,189 $1,269 $1,309 $1,353 $1,289 $1,229 $404 $453 $545 $824 $925 $974 $937 $789 $102 $110 $127 $149 $143 $154 $162 $171 $185 $239 $239 $217 $249 $211 $194 $176 $2,830 $3,053 $3,064 $3,524 $3,541 $3,545 $3,343 $3,076 $0 $500 $1,000 $1,500
Slide 13: Key PURA Regulatory Dockets
12 Key PURA Regulatory Dockets Description Docket Number Current Schedule Review of Tropical Storm Isaias 20 - 08 - 03/ 20 - 08 - 03RE01 Settlement approved 10/27/21 Annual review of multiple CL&P trackers (RAM) 21 - 01 - 03 Interim decision issued 4/28/21; New rates subject to true - up, 6/1/21; Ph
Slide 14: U.S. Gas Production Slow to Recover
13 U.S. Gas Production Slow to Recover ▪ Pandemic drove all energy prices to 10 - year lows last year ▪ Energy production companies cut capital expenditures and weather events impacted supply which is still lagging the rapid economic recovery in 2021 ▪ US LNG exports at record levels this year with