Slide 1: Eversource Energy Investor Call
EVERSSURCE ENERGY Eversource Energy Investor Call July 31, 2015
Slide 2: Safe Harbor
Investor Call Safe Harbor EVERSSURCE ENERGY 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 earings and EPS of each business do not represent a direct legal interest in
Slide 3: Investor Call agenda
Investor Call EVERSSURCE ENERGY Jim Judge = Q2 2015 Performance Executive Vice President & Chief Financial Officer " Regulatory and Capital Investment Update ™ New England Market Update = Northern Pass = Access Northeast Lee Olivier EVP Enterprise Strategy & Business Development
Slide 4: Jim Judge, Executive Vice President & CFO
EVERSSURCE ENERGY Jim Judge Executive Vice President & Chief Financial Officer
Slide 5: Earnings Per Share By Business Units 2015 vs. 2014
Investor Call Earnings Per Share By Business Units 2015 vs. 2014 EVERSSURCE ENERGY First Half ‘First Half 2 2014 Oz 2015 @ 2015 2014 Electric Distribution $0.38 $0.26 $0.80 $0.62 Electric Transmission $0.25 $0.14 | $0.46 $0.37 $0.02 $0.01 | $0.19 $0.17 Parent & Other $0.01 $0.01 $0.66 = $0.42 SC up
Slide 6: Key Drivers in Improved Q2 Results
Key Drivers in Improved Q2 Results 2014 2015 Results GAAP EPS Integration Costs EPS Excluding Integration Costs Changes Absence of 2014 FERC charge Higher transmission rate base Higher Retail Electric Revenues Lower Non-Tracked O&M Higher Depreciation, Amortization, Property Taxes Other EPS Excludin
Slide 7: NHPUC Now Reviewing Formal Settlement Agreement to Divest PSNH Generation
NHPUC Now Reviewing Formal Settlement Agreement to Investor Call Divest PSNH Generation Nearly 1,200 MW of coal, oil, hydro, biomass Parties to settlement agreement include Eversource, NHPUC staff, two state senators, Governor's Energy Office, Consumer Advocate NHPUC must approve settlement agreemen
Slide 8: Regulatory Update
Regulatory Update Investor Call EVERSSU, RCE ENERGY CL&P = Settlement of ADITissues approved by PURA on 7/215 = Incremental $18 million/year of revenues retroactive to 12/1/14 = Customer billings deferred until 12/1/15 MA GAS = HOPCOLNG cost recovery (approved) = Acceleratedlegacy pipe replacement (
Slide 9: Transmission reliability projects
| ins Interstate Reliability Project Merrimack Valley Reliability Project + Joint project with National Grid + Related to Greater Boston Solutions + Construction began in March 2014 + Filed siting application with NHSEC on July 21 + 97% complete as of June 30, 2015 + 18 miles in NH (10 for Eversourc
Slide 10: Lee Olivier, EVP Enterprise Energy Strategy & Business Development
EVERSSURCE ENERGY Lee Olivier EVP Enterprise Energy Strategy & Business Development
Slide 11: NPT - Overview
Investor Call NPT - Overview EVERSSURCE ENERGY + 1,200 MW of clean energy + $1.4 billion HVDC line, terminal and AC facilities + Approximately 187 miles of new transmission using New Popo! te — HVDC technology with AC/DC converters in Quebec [legions amid and NH — New Post te — + 1.3.9 approval was
Slide 12: Northern Pass Timeline
Northern Pass Timeline July 21, 2015 Dept. of Energy Issued Draft Environmental Impact Statement (EIS) 2015 Northern Pass Files Application with New ‘Hampshire SEC ate 2015 NHSEC Accepts Application Within 60 days of Filing State Review Process Begins Permits Received Construction Begins EVERSSURCE
Slide 13: New England States Addressing Energy Issues
Investor Call : EVERSSURCE New England States Addressing Energy Issues ENERGY Three-state Clean Energy RFP * Solicitation for clean energy and transmission + Procurement authority includes: cT - PA 13-303 — 1,375,000 mwh annually - PA 15-107 — 2,750,000 mwh annually + CT PURA approval of the RFP is
Slide 14: New England States Addressing Energy Issues
Investor Call : EVERSSURCE New England States Addressing Energy Issues ENERGY Electric Distribution Co. (EDC) Purchase of Natural Gas Pipeline Capacity Public Act 15-107 enacted June 22, 2015; RFPs under CT development; allows for procurement of up to 375 mmcf/day of gas infrastructure DPU opened in