Slide 1: 2019 Second Quarter Results Investor Call
2019 Second Quarter Results Investor Call August 1, 2019
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: Second Quarter and First Half 2019 EPS Results
Second Quarter and First Half 2019 EPS Results 2Q 2019 2Q 2018 2Q Change 1H 2019 1H 2018 1H Change Electric Distribution $0.33 $0.32 $0.01 $0.71 $0.65 $0.06 Electric Transmission Ex. NPT 0.37 0.35 0.02 0.74 0.69 0.05 Impairment (Non-GAAP) Natural Gas Distribution 0.00 0.02 (0.02) 0.23 0.20 0.03 Wate
Slide 4: Development of Eversource Battery Storage Projects Across All Three States
Development of Eversource Battery Storage Projects Across All Three States Westmoreland, NH Outer Cape, MA 1.7 MW / 7.1 MWh 25 MW / 38 MWh - $40M • Reliability and resiliency on rural circuit • Reliability and resiliency improvements • Peak shaving • Defer construction of distribution line in enviro
Slide 5: 2019 Financing Activity
2019 Financing Activity Equity $1.3 billion of equity closed in June. Two-thirds of nearly 18 million shares subject to one-year forward sale arrangement Approximately 750,000 treasury shares issued through 7/31/19 to fund dividend reinvestment, 401(k) match, and employee incentive plans Long-Te
Slide 6: Expected Timeline for Major Eversource-Ørsted Projects
Expected Timeline for Major Eversource-Ørsted Projects South Fork Wind Revolution Wind Sunrise Wind Size 130 MW 704 MW 880 MW Construction Operation Already filed Late 2019/Early 2020 2020 Plan Filing with BOEM Construction to Begin 2021 2021 2022 Commercial Operation End of 2022 2023 2024 5
Slide 7: Status of Offshore Wind RFPs
Status of Offshore Wind RFPs New York: NY State Energy Research & Development Authority awarded 880 MW to Sunrise Wind on July 18 Eversource-Ørsted 50-50 partners with Con Ed, NYPA potentially partnering on transmission. Project expected to be in service in 2024 NY has authorized procurement of