8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 31, 2019 (July 31, 2019)

Commission File Number	Registrant; State of Incorporation Address; and Telephone Number	I.R.S. Employer Identification No.
1-5324	EVERSOURCE ENERGY (a Massachusetts voluntary association) 300 Cadwell Drive Springfield, Massachusetts 01104 Telephone: (800) 286-5000	04-2147929
0-00404	THE CONNECTICUT LIGHT AND POWER COMPANY (a Connecticut corporation) 107 Selden Street Berlin, Connecticut 06037-1616 Telephone: (800) 286-5000	06-0303850
1-02301	NSTAR ELECTRIC COMPANY (a Massachusetts corporation) 800 Boylston Street Boston, Massachusetts 02199 Telephone: (800) 286-5000	04-1278810
1-6392	PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE (a New Hampshire corporation) Energy Park 780 North Commercial Street Manchester, New Hampshire 03101-1134 Telephone: (800) 286-5000	02-0181050

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Registrant	Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Eversource Energy	Common Shares, $5.00 par value per share	ES	New York Stock Exchange
The Connecticut Light and Power Company	None	N/A	N/A
NSTAR Electric Company	None	N/A	N/A
Public Service Company of New Hampshire	None	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

	Emerging growth company
Eversource Energy	o
The Connecticut Light and Power Company	o
NSTAR Electric Company	o
Public Service Company of New Hampshire	o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Eversource Energy	o
The Connecticut Light and Power Company	o
NSTAR Electric Company	o
Public Service Company of New Hampshire	o

Section 2Financial Information

Item 2.02Results of Operations and Financial Conditions.

On July 31, 2019, Eversource Energy issued a news release announcing its unaudited results of operations for the second quarter and first six months ended June 30, 2019 and related financial information for certain of its subsidiaries as of and for the same period.  A copy of the news release and related unaudited financial reports are attached as Exhibits 99.1 and 99.2, and are incorporated herein by reference thereto.

The information contained in this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” with the Securities and Exchange Commission (“SEC”) nor incorporated by reference in any registration statement filed by Eversource Energy or any subsidiary thereof under the Securities Act of 1933, as amended (the “Securities Act”), unless specified otherwise.

Section 7Regulation FD

Item 7.01Regulation FD Disclosure.

On August 1, 2019, Eversource Energy will webcast a conference call with financial analysts during which senior management will discuss the company’s financial performance through the second quarter of 2019. The webcast will be accessible from the Investors section of the Eversource Energy website at www.eversource.com.  Attached as Exhibit 99.3 and incorporated herein by reference are the slides to be discussed by Eversource Energy during the conference call.

The information contained in this Item 7.01, including Exhibit 99.3, shall not be deemed “filed” with the SEC nor incorporated by reference into any registration statement filed by Eversource Energy or any subsidiary thereof under the Securities Act, unless specified otherwise.

Section 9Financial Statements and Exhibits

Item 9.01Financial Statements and Exhibits.

Exhibit Number	Description
99.1	News Release of Eversource Energy dated July 31, 2019.
99.2	Financial Report for the three and six months ended June 30, 2019.
99.3	August 1, 2019 presentation slides.

[The remainder of this page left blank intentionally.]

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	EVERSOURCE ENERGY
	THE CONNECTICUT LIGHT AND POWER COMPANY
	NSTAR ELECTRIC COMPANY
	PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
	(Registrants)
July 31, 2019	By:	/s/ Jay S. Buth
		Jay S. Buth
		Vice President, Controller and Chief Accounting Officer

3

EX-99.1

Exhibit 99.1

	56 Prospect St., Hartford, Connecticut 06103-2818 800 Boylston St., Boston, Massachusetts 02199

Eversource Energy Reports Second Quarter Results

(HARTFORD, Conn. and BOSTON, Mass. — July 31, 2019) Eversource Energy (NYSE: ES) today reported earnings of $31.5 million, or $0.10 per share, in the second quarter of 2019, compared with earnings of $242.8 million, or $0.76 per share, in the second quarter of 2018.  In the first half of 2019, Eversource Energy earned $340.1 million, or $1.07 per share, compared with earnings of $512.3 million, or $1.61 per share, in the first half of 2018.  Results for the second quarter and first half of 2019 include an after-tax impairment charge of $204.4 million, or $0.64 per share, related to Eversource Energy’s investment in the Northern Pass Transmission (NPT) project.  Excluding that impairment, Eversource Energy earned $235.9 million(1), or $0.74 per share, in the second quarter of 2019 and $544.5 million(1), or $1.71 per share, in the first half of 2019.

Eversource Energy also today reaffirmed its 2019 earnings per share (EPS) projection of $3.40(1) to $3.50(1) per share, excluding the NPT impairment charge noted above, and its long-term EPS growth rate of 5 to 7 percent.

“The Northern Pass impairment was a difficult step for us to take given the economic and environmental benefits the project could have brought to New England, but it does not take away from the fact that 2019 has been very positive for Eversource,” said Jim Judge, Eversource Energy chairman, president and chief executive officer.  “Our operational, safety, customer service and ongoing financial results are all ahead of plan, and we have had extremely strong investor interest in both our equity and long-term debt issuances, providing benefits to both our customers and shareholders.”

Electric Transmission

Excluding the NPT impairment, Eversource Energy’s transmission segment earned $117 million(1) in the second quarter of 2019 and $235.3 million(1) in the first half of 2019, compared with earnings of $112.7 million in the second quarter of 2018 and $220.1 million in the first half of 2018.  The impairment charge resulted from a New Hampshire Supreme Court decision on July 19, 2019, upholding a 2018 decision by the New Hampshire Site Evaluation Committee rejecting a key permit for NPT.  Aside from the NPT impairment charge, transmission segment results improved due to a higher level of investment in Eversource’s electric transmission system.

Electric Distribution

Eversource Energy’s electric distribution segment earned $105.4 million in the second quarter of 2019 and $225.4 million in the first half of 2019, compared with earnings of $101.3 million in the second quarter of 2018 and $205.5 million in the first half of 2018.  Improved second quarter and year-to-date results were due primarily to higher distribution revenues, partially offset by higher operations and

maintenance (O&M) and depreciation expense, as well as the absence of New Hampshire generation earnings in 2019.

Natural Gas Distribution

Eversource Energy’s natural gas distribution segment lost $1.8 million in the second quarter of 2019 and earned $74.7 million in the first half of 2019, compared with earnings of $5 million in the second quarter of 2018 and $62.8 million in the first half of 2018.  Lower second quarter results were due to higher O&M and the timing of distribution revenues which, as disclosed previously, will be lower than in past years in non-heating months.   Improved year-to-date results were primarily due to the new decoupled rate structure at Yankee Gas and higher earnings from capital tracking mechanisms on higher levels of investment.

Water Distribution

Eversource’s Aquarion Water Company subsidiary earned $8 million in the second quarter of 2019 and $8.8 million in the first half of 2019, compared with earnings of $7.2 million in the second quarter of 2018 and $8.7 million in the first half of 2018.  Improved results were primarily due to continued investment in the Aquarion systems and the outcome of last year’s rate review in Massachusetts.

Eversource Parent and Other Companies

Eversource Energy parent and other companies earned $7.3 million in the second quarter of 2019 and $0.3 million in the first half of 2019, compared with earnings of $16.6 million in the second quarter of 2018 and $15.2 million in the first half of 2018.  Lower 2019 results were due in part to higher interest expense.

The following table reconciles 2019 and 2018 second quarter and first half earnings per share:

		Second Quarter			First Six Months
2018	Reported EPS	$	0.76		$	1.61
	Higher electric distribution revenues in 2019	0.05			0.09
	Higher level of electric and natural gas distribution investment mechanisms in 2019	0.03			0.05
	Higher electric transmission earnings in 2019, excluding NPT impairment	0.02			0.05
	Lower/higher natural gas revenues in 2019	(0.01		)	0.04
	Higher depreciation and property tax expense in 2019	(0.04		)	(0.07		)
	Higher non-tracked O&M in 2019	(0.03		)	(0.01		)
	Higher interest expense in 2019	(0.01		)	(0.03		)
	Absence of New Hampshire generation earnings	(0.01		)	(0.02		)
	Other, including higher share count	(0.02		)	0.00
	NPT impairment charge	(0.64		)	(0.64		)
2019	Reported EPS	$	0.10		$	1.07

Financial results by segment for the second quarter and first six months of 2019 and 2018 are noted below:

Three months ended:

(in millions, except EPS)	June 30, 2019			June 30, 2018		Increase/ (Decrease)			2019 EPS(1)
Electric Transmission, ex. NPT charge(1)	$	117.0		$	112.7	$	4.3		$	0.37
Electric Distribution	105.4			101.3		4.1			0.33
Natural Gas Distribution	(1.8		)	5.0		(6.8		)	—
Water Distribution	8.0			7.2		0.8			0.02
Eversource Parent and Other Companies	7.3			16.6		(9.3		)	0.02
NPT impairment charge	(204.4		)	—		(204.4		)	(0.64		)
Reported Earnings	$	31.5		$	242.8	$	(211.3	)	$	0.10

Six months ended:

(in millions, except EPS)	June 30, 2019			June 30, 2018		Increase/ (Decrease)			2019 EPS(1)
Electric Transmission, ex. NPT charge(1)	$	235.3		$	220.1	$	15.2		$	0.74
Electric Distribution	225.4			205.5		19.9			0.71
Natural Gas Distribution	74.7			62.8		11.9			0.23
Water Distribution	8.8			8.7		0.1			0.03
Eversource Parent and Other Companies	0.3			15.2		(14.9		)	—
NPT impairment charge	(204.4		)	—		(204.4		)	(0.64		)
Reported Earnings	$	340.1		$	512.3	$	(172.2	)	$	1.07

Retail sales data:

Three months ended:	June 30, 2019	June 30, 2018	% Change
Electric Distribution (Gwh)
Traditional	1,757	1,803	(2.6	)%
Decoupled	9,853	10,330	(4.6	)%
Total Electric Distribution	11,610	12,133	(4.3	)%
Natural Gas Distribution (mmcf)
All Decoupled	18,191	18,932	(3.9	)%

Six months ended:	June 30, 2019	June 30, 2018	% Change
Electric Distribution (Gwh)
Traditional	3,724	3,775	(1.4	)%
Decoupled	21,037	21,579	(2.5	)%
Total Electric Distribution	24,761	25,354	(2.3	)%
Natural Gas Distribution (mmcf)
All Decoupled	63,358	61,983	2.2	%

Eversource Energy has approximately 324 million common shares outstanding and operates New England’s largest energy delivery system.  It serves nearly 4 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire.

CONTACT:

Jeffrey R. Kotkin

(860) 665-5154

Note:  Eversource Energy will webcast a conference call with senior management on August 1, 2019, beginning at 9 a.m. Eastern Time.  The webcast and associated slides can be accessed through Eversource Energy’s website at www.eversource.com.

(1)All per-share amounts in this news release 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 liabilities allocated to such business, but rather represent a direct interest in Eversource Energy’s assets and liabilities as a whole.  EPS by business is a non-GAAP (not determined using generally accepted accounting principles) measure that is calculated by dividing the net income or loss attributable to common shareholders of each business by the weighted average diluted Eversource Energy common shares outstanding for the period.  Earnings discussions also include a non-GAAP financial measure referencing 2019 earnings and EPS excluding the impairment charge for the NPT project.

Eversource Energy uses these non-GAAP financial measures to evaluate and provide details of earnings results by business and to more fully compare and explain 2019 results without including the impact of the NPT impairment charge.  Management believes the NPT impairment charge is not indicative of Eversource Energy’s ongoing performance.  Due to the nature and significance of the impairment charge on net income attributable to common shareholders, management believes that the non-GAAP presentation is a more meaningful representation of Eversource Energy’s financial performance and provides additional and useful information to readers in analyzing historical and future performance of the business.  Non-GAAP financial measures should not be considered as alternatives to Eversource Energy’s consolidated net income attributable to common shareholders or EPS determined in accordance with GAAP as indicators of Eversource Energy’s operating performance.

This news release includes statements concerning Eversource Energy’s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and other statements that are not historical facts.  These statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Generally, readers can

identify these forward-looking statements through the use of words or phrases such as “estimate,” “expect,” “anticipate,” “intend,” “plan,” “project,” “believe,” “forecast,” “should,” “could” and other similar expressions.  Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements.  Factors that may cause actual results to differ materially from those included in the forward-looking statements include, but are not limited to: cyberattacks or breaches, including those resulting in the compromise of the confidentiality of our proprietary information and the personal information of our customers; acts of war or terrorism, physical attacks or grid disturbances that may damage and disrupt our transmission and distribution systems; ability or inability to commence and complete our major strategic development projects and opportunities; actions or inaction of local, state and federal regulatory, public policy and taxing bodies; substandard performance of third-party suppliers and service providers; fluctuations in weather patterns, including extreme weather due to climate change; changes in business conditions, which could include disruptive technology related to our current or future business model; increased conservation measures of customers and development of alternative energy sources; contamination of, or disruption in, our water supplies; changes in economic conditions, including impact on interest rates, tax policies, and customer demand and payment ability; changes in levels or timing of capital expenditures; disruptions in the capital markets or other events that make our access to necessary capital more difficult or costly; changes in laws, regulations or regulatory policy, including compliance with environmental laws and regulations; changes in accounting standards and financial reporting regulations; actions of rating agencies; and other presently unknown or unforeseen factors.

Other risk factors are detailed in Eversource Energy’s reports filed with the Securities and Exchange Commission (SEC) and updated as necessary, and are available on Eversource Energy’s website at www.eversource.com and on the SEC’s website at www.sec.gov.  All such factors are difficult to predict and contain uncertainties that may materially affect Eversource Energy’s actual results, many of which are beyond our control.  You should not place undue reliance on the forward-looking statements; each speaks only as of the date on which such statement is made, except as required by federal securities laws, and Eversource Energy undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.

###

EX-99.2

Exhibit 99.2

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(Thousands of Dollars)	As of June 30, 2019			As of December 31, 2018
ASSETS
Current Assets:
Cash	$	20,578		$	108,068
Receivables, Net	964,314			994,055
Unbilled Revenues	154,920			176,285
Fuel, Materials, Supplies and Inventory	174,124			238,042
Regulatory Assets	515,265			514,779
Prepayments and Other Current Assets	302,496			260,995
Total Current Assets	2,131,697			2,292,224
Property, Plant and Equipment, Net	26,304,446			25,610,428
Deferred Debits and Other Assets:
Regulatory Assets	4,404,176			4,631,137
Goodwill	4,427,266			4,427,266
Investments in Unconsolidated Affiliates	748,705			464,286
Marketable Securities	401,231			417,508
Other Long-Term Assets	578,385			398,407
Total Deferred Debits and Other Assets	10,559,763			10,338,604
Total Assets	$	38,995,906		$	38,241,256
LIABILITIES AND CAPITALIZATION
Current Liabilities:
Notes Payable	$	729,000		$	910,000
Long-Term Debt — Current Portion	779,289			837,319
Rate Reduction Bonds — Current Portion	43,210			52,332
Accounts Payable	903,431			1,119,995
Regulatory Liabilities	379,850			370,230
Other Current Liabilities	677,341			823,006
Total Current Liabilities	3,512,121			4,112,882
Deferred Credits and Other Liabilities:
Accumulated Deferred Income Taxes	3,549,922			3,506,030
Regulatory Liabilities	3,639,792			3,609,475
Derivative Liabilities	363,848			379,562
Accrued Pension, SERP and PBOP	955,092			962,510
Other Long-Term Liabilities	1,264,061			1,196,336
Total Deferred Credits and Other Liabilities	9,772,715			9,653,913
Long-Term Debt	13,039,180			12,248,743
Rate Reduction Bonds	561,727			583,331
Noncontrolling Interest — Preferred Stock of Subsidiaries	155,570			155,570
Common Shareholders’ Equity:
Common Shares	1,699,292			1,669,392
Capital Surplus, Paid In	6,659,009			6,241,222
Retained Earnings	3,954,492			3,953,974
Accumulated Other Comprehensive Loss	(53,641		)	(60,000		)
Treasury Stock	(304,559		)	(317,771		)
Common Shareholders’ Equity	11,954,593			11,486,817
Total Liabilities and Capitalization	$	38,995,906		$	38,241,256

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Thousands of Dollars, Except Share Information)	2019		2018		2019		2018
Operating Revenues	$	1,884,495	$	1,853,856	$	4,300,287	$	4,141,818
Operating Expenses:
Purchased Power, Fuel and Transmission	620,904		653,915		1,595,786		1,600,662
Operations and Maintenance	328,010		293,858		663,606		626,406
Depreciation	219,084		199,140		434,032		403,406
Amortization	38,945		36,203		109,906		81,397
Energy Efficiency Programs	105,837		101,955		245,953		236,196
Taxes Other Than Income Taxes	181,083		177,431		365,672		359,865
Impairment of Northern Pass Transmission	239,644		—		239,644		—
Total Operating Expenses	1,733,507		1,462,502		3,654,599		3,307,932
Operating Income	150,988		391,354		645,688		833,886
Interest Expense	132,705		126,404		264,438		247,533
Other Income, Net	45,866		50,149		76,850		83,938
Income Before Income Tax Expense	64,149		315,099		458,100		670,291
Income Tax Expense	30,815		70,452		114,209		154,219
Net Income	33,334		244,647		343,891		516,072
Net Income Attributable to Noncontrolling Interests	1,880		1,880		3,759		3,759
Net Income Attributable to Common Shareholders	$	31,454	$	242,767	$	340,132	$	512,313
Basic and Diluted Earnings Per Common Share	$	0.10	$	0.76	$	1.07	$	1.61
Weighted Average Common Shares Outstanding:
Basic	319,664,998		317,344,596		318,644,796		317,370,825
Diluted	320,388,490		317,885,187		319,352,287		317,939,094

The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

EX-99.3

Exhibit 99.3

2019 Second Quarter Results Investor Call August 1, 2019

Safe Harbor Statement 1 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 liabilities allocated to such business, but rather represent a direct interest in Eversource Energy's assets and liabilities as a whole. EPS by business is a non-GAAP (not determined using generally accepted accounting principles) measure that is calculated by dividing the net income or loss attributable to common shareholders of each business by the weighted average diluted Eversource Energy common shares outstanding for the period. Earnings discussions also include a non-GAAP financial measure referencing 2019 earnings and EPS excluding the impairment charge for the NPT project. Eversource Energy uses these non-GAAP financial measures to evaluate and provide details of earnings results by business and to more fully compare and explain 2019 results without including the impact of the NPT impairment charge. Management believes the NPT impairment charge is not indicative of Eversource Energy’s ongoing performance. Due to the nature and significance of the impairment charge on net income attributable to common shareholders, management believes that the non-GAAP presentation is a more meaningful representation of Eversource Energy's financial performance and provides additional and useful information to readers in analyzing historical and future performance of the business. Non-GAAP financial measures should not be considered as alternatives to Eversource Energy’s consolidated net income attributable to common shareholders or EPS determined in accordance with GAAP as indicators of Eversource Energy’s operating performance. This presentation includes statements concerning Eversource Energy’s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and other statements that are not historical facts. These statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, readers can identify these forward-looking statements through the use of words or phrases such as “estimate,” “expect,” “anticipate,” “intend,” “plan,” “project,” “believe,” “forecast,” “should,” “could” and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements. Factors that may cause actual results to differ materially from those included in the forward-looking statements include, but are not limited to: cyberattacks or breaches, including those resulting in the compromise of the confidentiality of our proprietary information and the personal information of our customers; acts of war or terrorism, physical attacks or grid disturbances that may damage and disrupt our transmission and distribution systems; ability or inability to commence and complete our major strategic development projects and opportunities; actions or inaction of local, state and federal regulatory, public policy and taxing bodies; substandard performance of third-party suppliers and service providers; fluctuations in weather patterns, including extreme weather due to climate change; changes in business conditions, which could include disruptive technology related to our current or future business model; increased conservation measures of customers and development of alternative energy sources; contamination of, or disruption in, our water supplies; changes in economic conditions, including impact on interest rates, tax policies, and customer demand and payment ability; changes in levels or timing of capital expenditures; disruptions in the capital markets or other events that make our access to necessary capital more difficult or costly; changes in laws, regulations or regulatory policy, including compliance with environmental laws and regulations; changes in accounting standards and financial reporting regulations; actions of rating agencies; and other presently unknown or unforeseen factors. Other risk factors are detailed in Eversource Energy’s reports filed with the Securities and Exchange Commission (SEC) and updated as necessary, and are available on Eversource Energy’s website at www.eversource.com and on the SEC’s website at www.sec.gov. All such factors are difficult to predict and contain uncertainties that may materially affect Eversource Energy’s actual results, many of which are beyond our control. You should not place undue reliance on the forward-looking statements; each speaks only as of the date on which such statement is made, except as required by federal securities laws, and Eversource Energy undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.

2 2Q 2019 2Q 2018 2Q Change 1H 2019 1H 2018 1H Change $0.33 $0.32 $0.01 $0.71 $0.65 $0.06 0.37 0.35 0.02 0.74 0.69 0.05 0.00 0.02 (0.02) 0.23 0.20 0.03 0.02 0.02 0.00 0.03 0.03 0.00 0.02 0.05 (0.03) 0.00 0.04 (0.04) 0.74 0.76 (0.02) 1.71 1.61 0.10 (0.64) 0.00 (0.64) (0.64) 0.00 (0.64) $0.10 $0.76 $(0.66) $1.07 $1.61 $(0.54) Electric Distribution Electric Transmission Ex. NPT Impairment (Non-GAAP) Natural Gas Distribution Parent & Other Water Distribution Second Quarter and First Half 2019 EPS Results EPS, Ex. NPT Impairment (Non-GAAP) NPT Impairment Reported EPS (GAAP)

3 Development of Eversource Battery Storage Projects Across All Three States NH MA CT Westmoreland, NH 1.7 MW / 7.1 MWh Reliability and resiliency on rural circuit Peak shaving Defer construction of distribution line Currently before the NHPUC Outer Cape, MA 25 MW / 38 MWh - $40M Reliability and resiliency improvements Defer construction of distribution line in environmentally sensitive area Cost recovery pre-authorized by MA DPU and currently in development Martha’s Vineyard, MA 4.9 MW / 20 MWh - $15M Reduce reliance on diesel generators Distributed Energy Resources Integration Peak Shaving Cost recovery pre-authorized by MA DPU and currently in development Connecticut Projects to be proposed Poised to propose projects pending PURA guidance Recent CT legislation specifically enables utility storage investment

2019 Financing Activity 4 $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 In April, CL&P issued $300 million of 4.00 percent bonds due in 2048 Proceeds used to repay $250 million, 5.5 percent February 1, 2019 maturity In May, NSTAR Electric issued $400 million of 3.25 percent senior unsecured debentures due in 2029 First “green bonds” issued by an Eversource company In June, PSNH issued $300 million of 3.60 percent bonds due in 2049 Proceeds to repay $150 million of 4.50 percent bonds due December 1, 2019 In July, NSTAR Gas closed on $75 million of 3.74 percent bonds due in 2049 Equity Long-Term Debt

South Fork Wind Revolution Wind Sunrise Wind Size 130 MW 704 MW 880 MW Construction Operation Plan Filing with BOEM Already filed Late 2019/Early 2020 2020 Construction to Begin 2021 2021 2022 Commercial Operation End of 2022 2023 2024 5 Expected Timeline for Major Eversource-Ørsted Projects

Status of Offshore Wind RFPs Massachusetts: 1,600 MW authorized by legislation in 2016 6 Second solicitation for 400-800 MW issued in May; bids currently due in August; awards in November Legislature has instructed the DOER to evaluate raising total authorization to 3,200 MW Report recommends moving ahead with soliciting another 1,600 MW through 2024 Connecticut: 200 MW contract with Revolution Wind approved by PURA in 2018; PURA approval of another 104 MW contract expected in 2019 Eversource-Ørsted 50-50 partners on all 304 MW Legislation authorizing another 2,000 MW signed by Gov. Lamont in June Initial RFP in August with bids in September; awards in November Rhode Island: 400 MW contract with Revolution Wind approved by RIPUC in June 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 9,000 MW by 2035; 1,696 MW awarded to date South Fork (also Eversource-Ørsted 50-50 partnership) has a separate agreement with LIPA for an expected 130 MW Eversource-Ørsted 50-50 partners on all 400 MW Committed through the PPA to invest up to $40 million in RI port upgrades