Eversource Energy (d/b/a) · NYSE:ES
Eversource Energy (d/b/a) — Northeast Utilities — Merrill Lynch Power & Gas Leaders Conference 2007
16 slides from Eversource Energy (d/b/a)'s conference presentation, Sep 24, 2007
Slide 1: Merrill Lynch Power & Gas Leaders Conference
Merrill Lynch Power & Gas Leaders Conference September 25, 2007 Energy / Growth / Leadership
Slide 2: Safe Harbor Provisions
Safe Harbor Provisions This presentation contains statements concerning NU’s expectations, plans, objectives, future financial performance and other statements that are not historical facts. These statements are “forward-looking statements” within the meaning of the Private Securities Litigation Ref
Slide 3: A Successful 2007 In Meeting Our Short-Term And Long-Term Goals
A Successful 2007 In Meeting Our Short-Term And Long-Term Goals Short Term 23% increase through June 30 in regulated earnings, consistent with guidance Rate settlements implemented at 3 of 4 utilities Transmission projects on budget, on or ahead of schedule 2007 capital investment deployment increas
Slide 4: 2007 Results Through June
2007 Results Through June 30 Distribution and Regulated Generation Transmission Parent/Other Competitive Total 14.2% 45.7% $62.7 $25.4 ($76.9) $12.1 $71.6 $37.0 $7.6 $7.4 $123.6 $0.9 ($100.0) ($80.0) ($60.0) ($40.0) ($20.0) $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 1H 2006 1H 2007
Slide 5: Status of Distribution Rate Cases
Status of Distribution Rate Cases Sharing outside 8-12% $1 million plus trackers 1/1/07 Settled and approved WMECO 10.1% $22.1 million net 7/1/07 Settled and approved Yankee Gas 9.67% $46.6 million 7/1/07 Settled and approved PSNH 11%* $189 million in 2008* 1/1/08* Filed 7/30/07 CL&P ROE Initial Inc
Slide 6: 2007-2011 Projected Capital Expenditures
2007-2011 Projected Capital Expenditures Distribution and Regulated Generation Capex Transmission Capex 2006 Actual 2007 Est. 2010 Est. 2011 Est. 2008 Est. 2009 Est. $908* $779* $874* $1,265* $1,126* $880* *Excludes approximately $18 million per year at corporate service companies $0 $200 $400 $600
Slide 7: Projected Transmission and Distribution Year-End Rate Base
$1,055 $1,428 $1,920 $2,572 $2,761 $3,025 Overall Rate Base 2006-2011 CAGR of 12% 7% CAGR from 2006-2011 23% CAGR from 2006-2011 Supports EPS CAGR of 10-14% $3,466 $3,951 $4,218 $4,435 $4,675 $4,874 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 Projected Transmission and Distribution Ye
Slide 8: Four Major Southwest Connecticut Projects – A $1.65 Billion Investment
Four Major Southwest Connecticut Projects – A $1.65 Billion Investment More Than Half Complete 50% of CT Load Bethel-Norwalk 345-kV underground & overhead $350 Million 21 miles 345-kV (56% underground) 10 miles 115-kV (100% underground) Completed October 2006 at a cost of $340 million Expected to sa
Slide 9: The NEEWS Projects Expected to Better Connect Eastern, Western New England
Springfield-115 Projects SPRINGFIELD HARTFORD 345-kV Substation Generation Station 345-kV ROW 115-kV ROW Greater Springfield Reliability Project Central Connecticut Reliability Project Interstate Reliability Project The NEEWS Projects Expected to Better Connect Eastern, Western New England By 2013;
Slide 10: New England's energy future requires a diverse set of energy solutions
New England’s energy future requires a diverse set of energy solutions Trends Within The New England Region Increasing costs of electricity Increased focus on energy efficiency Increasing renewable portfolio standards Regional Greenhouse Gas Initiative (RGGI) requirements Upcoming need for new capac
Slide 11: New England Generation Mix
Residual Oil 12.7% Conv. Hydro 5.3% Purchases 8.9% Other, Net 4.5% Residual Oil 11.5% Conv. Hydro 5.7% Purchases 4.6% Other, Net 6.4% Natural gas supplies 30% of energy mix, 38% of capacity mix, sets clearing price 90% of the time New England Generation Mix Nuclear 36.9% Natural Gas 16.3% Coal 15.4%
Slide 12: New England States Are Increasing Their Renewable Portfolio Expectations
New England States Are Increasing Their Renewable Portfolio Expectations CT: 27% by 2020 VT: 2005-2012 Load growth to be met with renewables and capped at 10%. (This is not a binding target, but a voluntary goal for adopting renewable energy.) ME: 30% by 2000, additional 10% new resources by 2017. T
Slide 13: Beyond 2010, a growing gap in meeting New England Renewable Portfolio Standards
Beyond 2010, a growing gap in meeting New England Renewable Portfolio Standards (RPS) is projected 17,269 GWh Decrease in percentage of existing renewables is due to growth in New England energy requirements By 2020, there is a 17,000 GWh gap between existing renewable resources and RPS requirements
Slide 14: Meeting the RGGI Requirements Will Be Challenging Under Any Load Growth Scenario
Meeting the RGGI Requirements Will Be Challenging Under Any Load Growth Scenario Assuming current energy growth projections of 1.3% per year, by 2020 New England is projected to produce CO 2 emissions of nearly 74 million tons – about 24 million more than the RGGI cap Lowering CO 2 emissions to meet
Slide 15: Projected Summer Capacity Surplus/Deficiency in 2015
Projected Summer Capacity Surplus/Deficiency in 2015 +2,800 MW Long-term forecasts show a summer surplus of generation in the eastern provinces of Canada and insufficient summer generation in Ontario, New York, and New England. Quebec, Newfoundland and Labrador have identified over 21,000 MW of rene
Slide 16: NU In Summary
NU leveraging its leadership and expertise to meet New England’s energy challenges NU In Summary Distribution business on track; rate settlements implemented Transmission business growing rapidly; projects on track 2007 earnings on track Focus on longer term opportunities
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