Investor Presentaiton
Status of State and Federal Regulatory Reviews
Electric Transmission (Federal Energy Regulatory Commission) 41% of 2021 earnings
Pending FERC decision on New England transmission ROEs dating back to 2011 in 4
open cases
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EVERSOURCE ENERGY
Earnings currently reflect base ROE of 10.57% with a maximum ROE for any single project of 11.74%
FERC is expected to decide on future qualifications for RTO and other Incentive Adders
Electric Distribution (CT PURA, MA DPU, NHPUC) 42% of 2021 earnings
ā CL&P: Settlement approved in October 2021
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No base rate change can occur before at least January 1, 2024
Authorized capital structure (53% common equity) and ROE (9.25%) remain in place
Certain reconciling mechanisms continue to operate such as revenue decoupling, electric system improvement, and energy
efficiency
NSTAR Electric: Filed rate case review on January 14, 2022, expect to have new rates effective January 2023
PSNH: Operating under rate settlement that took effect in January 2021
Natural Gas Distribution (CT PURA, MA DPU) 15% of 2021 earnings
NSTAR Gas and Eversource Gas of MA operating under 10-year and 8-year rate plans, respectively
Yankee Gas prior rate case occurred in 2018, so per statute we expect to file in late 2022 or 2023
Aquarion CT: (CT PURA) 3% of 2021 earnings
Operating under rate plan approved in 2013; Settlement pending with potential reset of WICA rate
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