Eversource Energy (d/b/a) · NYSE:ES
Eversource Energy (d/b/a) — Eversource Energy — Corporate Update (July 2026)
71 slides from Eversource Energy (d/b/a)'s corporate update, Jul 21, 2026
Slide 1: Non-Residential Renewable Energy Solutions Program Informational Webinar & Bidders Conference
Aaron Dubauskas, Julie Castillo, Matt Hohenthal, Curtis Fahnestock, Patrick Fam, Scott Miller – Eversource John King, Maritza Estremera Jimenez, Joseph Marranca – The United Illuminating Company NON-RESIDENTIAL RENEWABLE ENERGY SOLUTIONS PROGRAM INFORMATIONAL WEBINAR & BIDDERS CONFERENCE JULY 21, 20
Slide 2: Webinar recording and Tariff Agreement notice
This webinar is being recorded by the EDCs. If you do not consent to being recorded as a participant in the webinar, please exit the call. In the event of any inconsistency between the provisions of the NRES RFP or any part of this presentation, the provisions of the Tariff Agreement are controlling
Slide 3: Agenda
Agenda Program Background & Overview Eligibility RFP Process Processes, Forms & Fees Interconnection Metering Questions
Slide 4: Questions
Questions Refrain from using Meeting Chat until the Q&A session – We will try to answer questions at end of presentation if time allows After presentation – Email questions to both companies: CTCommRenewables@eversource.com NRES@uinet.com General Q&A’s may be added to our running Q&A docum
Slide 5: Background & Overview
BACKGROUND & OVERVIEW
Slide 6: Connecticut Public Act 22-14
Connecticut Public Act 22-14 An Act Concerning Clean Energy Tariff Programs modified the NRES program to expand the growth of the non-residential renewable energy market. Benefits Include: Supporting Furthering Lowering Local CT’s Clean Customer Clean Energy Energy Energy Goals Bills Jobs
Slide 7: NRES Overview
NRES Overview • 2026 is the fifth year of the NRES program • PURA Docket 26-06-04 was recently created for the implementation of Clean Energy Successor Programs • Six-year program that combines Net Metering and Renewable Energy Certificates (REC) payments into one program • 20-year Agreement term. 5
Slide 8: Year 5 NRES Key Program Updates
Year 5 NRES Key Program Updates • Fuel Cells and Anaerobic Digester projects are no longer eligible per P.A. 25-173. Only zero emission projects are eligible. • Updated Netting & Buy-All Price Caps • In Year 5, we will award projects in the Small Zero, Medium Zero, and Large Zero Emission categories
Slide 9: Megawatt Allocation Above Cap
Megawatt Allocation Above Cap Public Act 24-31, An Act Concerning Solar Projects Throughout the State Beginning in 2025 with NRES Year 4 Allows for the NRES Program to exceed available capacities under certain conditions Aggregate annual compensation of all 2026 selected Projects compared wi
Slide 10: School Solar Category - General
School Solar Category - General Public Act 24-151 – Encourages installation of PV and storage at public schools – Incorporated into the NRES program as a separate capacity carveout 25 Total MW Annually – Separate from other NRES capacities – 80/20 split between the EDCs – 20 MW for ES and 5 MW f
Slide 11: School Solar Category – Bidding & Timing
School Solar Category – Bidding & Timing School Solar is non-competitive – First come, first served – Price takers RFP opened on February 2, 2026 – Remains open until capacity is filled or the end of the August RFP submission window is reached Bid submission and requirements are the same as al
Slide 12: School Solar Category – Pre-Application Checklist
School Solar Category – Pre-Application Checklist
Slide 13: NRES Key Program Highlights
NRES Key Program Highlights Sustainable Energy Advantage, LLC (SEA) serves as the Ombudsperson for the NRES, SCEF, and RRES programs, effective since April 1, 2024. The non-refundable NRES Bid fee is $450 per Bid to cover the cost of the ombudsperson. As ordered in the NRES Year 3 Decision, al
Slide 14: NRES Key Program Highlights
NRES Key Program Highlights Add-On Netting systems are now allowed for both EDCs. REC buybacks – Customers can elect to enter into a form of Tariff Agreement that allows them to purchase and retire the RECs from their Project. SAM Customer Hosts is not required to own Project Site but must hav
Slide 15: Year 5 NRES Tips for Successful Bid Submission
Year 5 NRES Tips for Successful Bid Submission Bids must be submitted with the Bid Certification Form from the current Program year. Only use Program documents found on the NRES websites rather than previously saved versions. If your project is being sized to load (i.e.: not a rooftop buy-all pr
Slide 16: Year 5 NRES Tips for Successful Bid Submission
Year 5 NRES Tips for Successful Bid Submission If you submit a Bid with anticipated future load from beneficial electrification or EV chargers, a stamped calculation from a Connecticut licensed Professional Engineer, along with the Professional Engineer Certification Form on the NRES websites are
Slide 17: Year 5 NRES Tips for Successful Bid Submission
Year 5 NRES Tips for Successful Bid Submission If the Project is sited at an Affordable Multifamily Housing property, it must participate in the RRES Program. If the entity is anything other than an individual person, you must indicate that you are NOT an individual and include all necessary inf
Slide 18: Year 5 NRES Available Budget & Capacity - Eversource
Year 5 NRES Available Budget & Capacity - Eversource *MW allocations may change if projects terminate or install smaller in accordance with the applicable program rules.
Slide 19: Year 5 August NRES Available Budget & Capacity - Eversource
Year 5 August NRES Available Budget & Capacity - Eversource Eversource Year 5 August Available Budget/Capacity Small Zero Emission Medium Zero Emission Large Zero Emission School Solar Available MW 18.4 Available MW 9.82 Available MW 6.42 Available MW 38.625 Available Budget $ 4,334,547.09 Available
Slide 20: Year 5 NRES Available Budget & Capacity - UI
Year 5 NRES Available Budget & Capacity - UI Category Project Size (AC) UI Budget Cap / UI MW/Year Project Selection Year Process Small Zero ≤200 kW $1,900,899 6.0 First-Come, First Emission Served. Subject to two-week window Medium Zero >200 kW $2,250,672 8.0 Competitive Emission <1,000 kW Solicita
Slide 21: Year 5 August NRES Available Budget & Capacity - UI
Year 5 August NRES Available Budget & Capacity - UI Large Zero Emission Budget Remaining $1,150,125.00 Capacity Remaining (MW) 10.24 Medium Zero Emission Budget Remaining $ - Capacity Remaining (MW) 8.36 Small Zero Emission Budget Remaining $ 584,178.69 Capacity Remaining (MW) 4.21 UI has no Mediu
Slide 22: Two Tariff Options
Two Tariff Options Zero and Low Emission Project installations that qualify for this Program may sell the energy and Renewable Energy Certificates (RECs) at a fixed 20-year price by selecting one of two tariff options: Buy-All Tariff Netting Tariff • Customer exports all electricity produced by thei
Slide 23: Buy-All
Buy-All BUY-ALL Send all production to grid; Purchase all for building load. Utility Revenue/ Production Meter Customer receives quarterly payments for all energy and RECs. Customer can elect for a percentage of the total compensation to be assigned to a third party. Any remaining compensation will
Slide 24: Netting
Netting NETTING All power production and consumption are metered & billed together Revenue Meter (Bi-Directional) The value of the energy will be credited to the customer's monthly bill. The customer can choose to either receive quarterly direct payment for the RECs, or they can assign all or a port
Slide 25: Eligibility
ELIGIBILITY
Slide 26: Site and System Eligibility Requirements
Site and System Eligibility Requirements Eligibility Requirement Eversource or UI Customer Site & Customer Eligibility Project is going In-Service on or after the RFP issuance date Small Zero Emission Category: ≤ 200 kW Medium Zero Emission Category: > 200 kW and < 1000 kW Large Zero Emiss
Slide 27: Tariff Eligibility Requirements
Tariff Eligibility Requirements Requirement How to Meet: Eversource or UI customer • Most recent Customer Bill for the Project Site Site Control • Proof of Site Control is between the Developer of the Project and the Owner of the Project Site • Documentation proving site control such as deeds*,
Slide 28: Sizing Requirements Based on Load
Sizing Requirements Based on Load Projects in the NRES Program must be sized appropriately to the Project Site’s load Load Calculation Options How to Meet: Historical Load Bidder must provide the historical annual load/usage in kWh for the project site. The estimated annual generation (kWh) cannot
Slide 29: SAM Projects
SAM Projects SAM Customers are State, Agricultural, or Municipal Customers which may have multiple Beneficial Accounts associated with their Projects. SAM Customers can provide load data for up to five Beneficial Accounts to support the Project size. Additionally, SAM Customers may allocate monthly
Slide 30: RFP Process
RFP Process
Slide 31: 2026 Price Caps and Tariff Rates
2026 Price Caps and Tariff Rates Category Buy-All Price 100% Solar Netting Rate Cap ($/MWh) Carport/Canopy Price Cap ($/MWh) Small Zero Emission Dependent upon $250.42 N/A EDC, Size Tariff Rate Category, Retail Medium Zero Emission Rate, Technology, $236.74 $338.20 Price Cap and Solar Carport/Canopy
Slide 32: Application/Bidding Process for August RFP: Medium & Large Zero Emission
Application/Bidding Process for August RFP Medium & Large Zero Emission Categories • 8/3/2026 at 1:00pm* - Bid Window opens • 9/14/2026 at 1:00pm - Bid forms due for all categories Bids are screened for eligibility; eligible Bids are ranked from Process lowest to highest evaluated Bid price after ap
Slide 33: Application/Bidding Process for August RFP – Small Zero Emission
Application/Bidding Process for August RFP – Small Zero Emission Small Zero Emission Category • Two-Week Window: All complete bids submitted during two- week window are considered submitted at the same date/time • If oversubscribed in Two-Week Window, random selection • First-come first-served appli
Slide 34: Application/Bidding Process for School Solar Projects
Application/Bidding Process for School Solar Projects School Solar Category • 2/2/2026 at 1:00pm* - Bid Window opened • 9/14/2026 at 1:00pm - School Solar bid forms due • School Solar projects can be submitted from the opening of the RFP through the close of the August RFP, as long as Process capaci
Slide 35: August RFP Schedule
August RFP Schedule* Action Item Date Bidders Conference – Webinar Only July 21, 2026 Deadline for Submission of Questions July 28, 2026 Release of RFP and Opening of Bid Window for All Project August 3, 2026 at 1:00:00 p.m. (Eastern Prevailing Time “EPT”) Size Categories, and Opening of Two-Week Wi
Slide 36: August RFP Schedule (continued)
August RFP Schedule (continued)* Action Item Date First round of Selection and Notification of Winning On or about November 2, 2026 Bidders for All Categories Tariff Agreement Execution After Selection and Notification of Winning Bidders. Bidders will have to return partially executed contracts by t
Slide 37: Processes, Forms & Fees
Processes, Forms & Fees
Slide 38: Tariff Payment Beneficiaries
Tariff Payment Beneficiaries Incentive payments may be provided to the Customer or to a Tariff Payment Beneficiary Buy-All Netting Initial Beneficiary Designation – Required at time of application Customers can designate a Tariff Customers can designate a Tariff Payment Beneficiary to receive all or
Slide 39: Bid Preferences
Bid Preferences Applicants may select the following Bid Preferences during the Bid process Site Location is a Landfill or Brownfield Site or SAM Project with 100% of Beneficial Accounts located in a Distressed 20% Bid Preference in Year 5 Municipality Available to projects located on landfills or 20
Slide 40: Checklist of Required Bid Documents
Checklist of Required Bid Documents Required Bid Documents Bid Certification Form (All 5 pages, including documentation proving site control)* Documentation demonstrating ownership or site control of the Project Site by a SAM Customer Host (if applicable) 12 months of consecutive historical lo
Slide 41: Netting Incentive Example
Netting Incentive Example On-bill Credits REC Payment Assume customer’s retail rate = $0.1487 / kWh Netted production paid Direct cash payment to to Customer on bill at Customer or Tariff retail rate Payment Beneficiary 60,000 kWh – 40,000 60,000 kWh * $0.019 = kWh = 20,000 kWh * $1,140.00 $0.1487 =
Slide 42: Buy-All Incentive Example
Buy-All Incentive Example On-bill Credits Cash Payment Customer wants 20% as Customer wants 80% as cash payment to Tariff on-bill credits Payment Beneficiary 60,000 kWh * $.145/kWh = $ 8,700 Buy-All Rate = $.145/kWh 80% * $8,700 = 20% * $ 8,700 = $6,960.00 $1,740.00 Production Credits Cash Payment R
Slide 43: Online Resources
Online Resources United Illuminating Eversource UI Non-Residential Renewable Energy Solutions Main Eversource Non-Residential Renewable Energy Page Solutions Program Main Page - Eversource.com/NRES UI Bid Portal
Slide 44: Interconnection
Interconnection
Slide 45: Interconnection Application Process Tips: Pre-Application
Interconnection Application Process Tips: Pre-Application • Before submitting an application • Know your planned or actual compensation/incentive • Application must be consistent with planned compensation/metering • NRES Buy-All, NRES Netting, SCEF, LREC/ZREC, Virtual Net Metering, Rate 980, Battery
Slide 46: Interconnection Application Process Tips: Pre-Application continued
Interconnection Application Process Tips: Pre-Application- continued • Visit the site to collect accurate information • Do your homework • If questions, please ask, don’t assume • Projects over 1 MW may require ISO-mandated transmission cluster studies- FERC order 2023 • Have the correct pscad model
Slide 47: PowerClerk Log In/Sign Up
PowerClerk Log In/Sign Up • When you apply using the PowerClerk Log In/Sign Up page, please have someone filling out the application that is familiar with how to answer the questions, technical and otherwise. • The Information and Requirements (I&R) book can be found via the following link (Eversour
Slide 48: Interconnection Application Process Tips- Front-End of Process
Interconnection Application Process Tips- Front-End of Process • Submit a COMPLETE, CONSISTENT and CORRECT application • Accurate Site Plan- show existing and proposed equipment – show meters outside, grouped, disconnect • Accurate One line- show existing and proposed additions, clearly- (PE stamped
Slide 49: NRES Netting One Line Example
NRES Netting One Line Example
Slide 50: NRES Buy-All One Line Example
NRES Buy-All One Line Example
Slide 51: Interconnection Application Process Tips- Mid-Process
Interconnection Application Process Tips- Mid-Process 1. Limit changes mid-process if possible 2. A Customer Care Account Executive or Analyst is assigned to each project a. Single point of contact….but not single point of all answers at their fingertips 3. Use the ask-a-question (inquiries) functio
Slide 52: Interconnection Application Tips: Back-End/Final Approval
Interconnection Application Tips: Back-End/Final Approval 1. After the DER system is installed and tested a. New ISO-settings for newer applications 2. Metering install starts with Municipal Inspection approval in our Work order system 3. All requirements for close-out should be in indicated in the
Slide 53: Interconnection Application Process – Future Improvements
Interconnection Application Process – Future Improvements • More PowerClerk functionality, Information and Requirements book and website updates • More automation and streamlined processing of workflow • Keep all communications, documents, status, inside PowerClerk for visibility and tracking • More
Slide 54: Interconnection Application Process
Interconnection Application Process Eversource Connecticut Application to Connect: • https://www.eversource.com/content/residential/about/doing-business-with- us/interconnections/connecticut/connecticut-application-to-connect • Distributed Generation - UI - https://www.uinet.com/smartenergy/innovati
Slide 55: Interconnection Application Process
Interconnection Application Process UI Connecticut Application to Connect: PowerClerk Renewable Energy Solutions Portal UI Connecticut Distributed Generation team : All inquiries should be submitted through the “Ask a Question” feature in PowerClerk. Once an application is submitted, an analyst will
Slide 56: Metering
Metering
Slide 57: Meter Engineering Guidance
Meter Engineering Guidance As mentioned earlier, it is critical to know which program or incentive before submitting an application – Each incentive has a specific metering design and process. Metering equipment and meter installation must be complaint with the Eversource I&R book. The same guid
Slide 58: Meter Engineering Guidance
Meter Engineering Guidance Any indoor metering must be relocated outside and brought to standards of the latest Connecticut Eversource I&R book – RELOCATION PURPOSES ONLY – IT rated service can have meter conduit up to 100’ for services 1800A or less. Services greater than 1800A can have conduit u
Slide 59: Instrument Transformer Rated Metering
Instrument Transformer Rated Metering What does the Installation Contractor Provide? Provide all diagrams and All Requirements for a new Service equipment spec sheets to Eversource for review. Diagrams – 1-line and 3-line diagrams Email scott.d.miller@eversource.com for Approved IT cabinet any
Slide 60: Instrument Transformer Rated Metering
Instrument Transformer Rated Metering Current Transformers and Voltage Transformers are installed by the customer’s electrician. Polarity of the Current Transformers MUST face the utility for all metering at Eversource. – Do not confuse this with the requirements for United Illuminating. Eversou
Slide 61: Self-Contained Metering
Self-Contained Metering Voltage MUST be present on the line side of self-contained meter sockets prior to an Eversource meter install – Sockets that DO NOT have voltage will not have a meter installed. Second visit will be required. Buy-all services that are self-contained should use the AC disc
Slide 62: Meter Equipment Guidance
Meter Equipment Guidance All metering equipment used for should be compliant with the Connecticut Eversource I&R book. This applies to both the production meter and revenue meter. When purchasing meter sockets, please ensure that the equipment used matches voltage, amperage, and service being mete
Slide 63: Meter Equipment Guidance (Cont.)
Meter Equipment Guidance (Cont.) For DER installations where service entrance equipment is being upgraded or replaced, equipment should be submitted as part of that process The Eversource I&R book and link to Approved Meter equipment can be found under the Electric Contactor Resources page: http
Slide 64: Self-Contained Metering
Self-Contained Metering - LINE and LOAD conductors for production meter are in separate conduits - Neutral isolation is used when required by NEC - Meter socket is bonded to ground - Eversource I&R approved meter socket is used with a lever bypass -Disconnect is adjacent to production meter socket -
Slide 65: Transformer Rated Metering
Transformer Rated Metering - LINE (Utility) and LOAD (Generation) should be clearly labelled inside current transformer cabinet - Current transformers must be mounted with polarity facing utility - Conduits for conductors MUST NOT enter the bottom. Space at bottom of current transformer cabinet requ
Slide 66: NRES Metering Diagrams Location
NRES Metering Diagrams Location Eversource.com/NRES UI.com NRES drawings Toward the bottom of the page, expand the Program Information section and click on Metering Diagrams
Slide 67: Buy-all Incentive Guidance
Buy-all Incentive Guidance Please refer to the latest meter diagrams for guidance on system design. Projects applying to the Buy-all Program will require a new service request and a site meeting with a representative from the Field Engineering and Design group. Point of interconnection will be r
Slide 68: Technical Questions or Concerns on Metering
Technical Questions or Concerns on Metering Please reach out to scott.d.miller@eversource.com for questions regarding: - Meter equipment or switchgear for NRES Buy-all or netting projects - Pre-construction meetings - Relocation of meters - Technical questions on installation UI Guidebook of Require
Slide 69: United Illuminating (UI) DG Interconnection Services
United Illuminating (UI) DG Interconnection Services
Slide 70: Questions
Questions
Slide 71: Contacts
Contacts Eversource NRES Team: UI NRES Team: ctcommrenewables@eversource.com nres@uinet.com