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Investor Presentaiton

Key Elements of NSTAR Electric Rate Review EVERSOURCE ENERGY Key Revenue Requirement Factors December 31, 2020 Filing Date: January 14, 2022 Test Year (12 Months Ended) Revenue Deficiency $89M Decision Date: December 1, 2022 Average Bill Impact (residential customer) 5.7% 2021 Rate Base Roll-In 1/1/23 $46M Rates Effective: January 1, 2023 2022 Rate Base Roll-In 1/1/24 $47M Return on Equity (Requested) Capital Structure 10.5% 53.8% Equity Address the Distribution Revenue Deficiency ($89M) - Relates to capital additions, enterprise IT and Storm Fund contribution Extension of Performance-Based Ratemaking (PBR) - 10-year plan, with enabling rate base roll-in(s) AMI Tariff Approval - Approval of specific tariff is next step to execute AMI capital investment plan of $575M 11
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