Slide 1: 2021 First Quarter Results
2021 First Quarter Results May 10, 2021
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: The Demand for Offshore Wind in the Northeast Continues to Outstrip the Available Supply
The Demand for Offshore Wind in the Northeast Continues to Outstrip the Available Supply State Offshore Wind Procurement Authority 10 4.7 GW Remaining 10.5 GWs Remaining 4.0 GW Remaining GW 5 1.2 GW Remaining 0.6 GW Remaining 0 NY MA CT RI Authorized Awarded 2
Slide 4: Expected Timeline for Eversource-Ørsted Projects
Expected Timeline for Eversource-Ørsted Projects South Fork Wind Revolution Wind Sunrise Wind Size 132 MW 704 MW 924 MW Filed Oct 2018; DEIS issued Filed March 2020; review schedule was Construction Operation Plan September 2020; review schedule Jan. 8, 2021; Decision in Jan received on April 30, 20
Slide 5: Q1 2021 vs. Q1 2020 Financial Results
Q1 2021 vs. Q1 2020 Financial Results Q1 2021 Q1 2020 Change Electric Distribution $0.27 $0.39 $(0.12) Electric Transmission 0.39 0.38 0.01 Natural Gas Distribution 0.43 0.26 0.17 Water Distribution 0.01 0.01 0.00 Parent & Other (Non-GAAP) (0.02) (0.02) 0.00 EPS (Non-GAAP) exc. $1.08 $1.02 $0.06 Acq
Slide 6: Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7%
Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7% Through 2025 Expected higher than 5%-7% as larger offshore wind projects enter service $3.81- $3.93 $2.81 $2.96 $3.11 $3.25 $3.45 $3.64 $2.28 $2.53 $2.65 2012A* 2013A* 2014A* 2015A* 2016A 2017A 2018A 2019A* 2020A* 2021E * 2022E 2
Slide 7: Appendix
EVERSSURCE ENERGY APPENDIX
Slide 8: Projected Capital Expenditures For Core Businesses
Projected Capital Expenditures For Core Businesses $17 Billion 2021-2025 $4,000 $3,524 $3,541 $3,545 $3,500 $3,343 $217 $249 $211 $3,053 $3,064 $149 $143 $154 $194 $3,076 $3,000 $2,830 $162 $239 $239 $176 $185 $110 $127 $824 $171 $ In Millions $925 $974 $102 $937 $2,500 $453 $404 $545 $789 $2,000 $1
Slide 9: Key PURA Regulatory Dockets
Key PURA Regulatory Dockets Docket Description Current Schedule Number Final decision issued 4/28/21. Notice of Violation phase Review of Tropical Storm Isaias 20-08-03 commenced on 5/6/21; Final decision (tentative) on 7/14/21 Interim decision issued 4/28/21; New rates subject to Annual review of m
Slide 10: FERC Transmission New England ROE Update
FERC Transmission New England ROE Update • Current base: 10.57%; Cap: 11.74% (2014 Opinion 531A) • October 2018 FERC Order in New England ROE cases proposed a new methodology to address issues raised by Court in vacating Opinion 531A (New England ROE Complaint I) • This new methodology provided a pa