Eversource Energy (d/b/a) · NYSE:ES
Eversource Energy (d/b/a) — Eversource Energy — Q1 2016 Earnings Presentation
12 slides from Eversource Energy (d/b/a)'s earnings presentation, May 5, 2016
Slide 1: Eversource Energy Investor Call
Eversource Energy Investor Call May 5, 2016
Slide 2: Safe Harbor
INVESTOR CALL Safe Harbor 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 li
Slide 3: Agenda
INVESTOR CALL Agenda Jim Judge Q1 2016 Performance President & CEO Capital Spending Update Regulatory Update Lee Olivier EVP Enterprise Strategy & Northern Pass Business Development Access Northeast 2
Slide 4: Jim Judge, President and CEO
Jim Judge President and CEO EVERSSURCE ENERGY
Slide 5: First Quarter 2016 Results
INVESTOR CALL First Quarter 2016 Results EPS Q1 2016 Q1 2015 Change Electric Transmission $0.27 $0.21 $0.06 Electric Distribution and Generation $0.34 $0.41 ($0.07) Natural Gas Distribution $0.16 $0.18 ($0.02) Parent & Other $0.00 $0.00 $0.00 Reported EPS (GAAP) $0.77 $0.80 ($0.03) 4
Slide 6: Progress on Major Transmission Reliability Projects
INVESTOR CALL Progress Progress on on Major Transmission Major Transmission Reliability Reliability Projects Projects Seacoast Reliability Project Greater Boston Reliability Solutions • Largest PSNH project in forecast • 40 projects including seven new transmission • Application filed with NHSEC on
Slide 7: Pending Regulatory Dockets
INVESTOR CALL Pending Regulatory Dockets New Hampshire Generation Divestiture FERC ROE Complaints Initial settlement filed in June 2015 ALJ recommended decision issued on 3/22/16 Settlement with staff filed in January 2016 Second complaint: Base ROE = 9.59%; Decision expected shortly Cap = 10.42% PS
Slide 8: Lee Olivier
Lee Olivier EVP Enterprise Energy Strategy & Business Development
Slide 9: Transmission – Northern Pass Update
INVESTOR CALL Transmission – Northern Pass Update • 1,090 MW of clean energy • $1.6 billion HVDC line, terminal and AC facilities • Approximately 192 miles of new transmission using HVDC technology with AC/DC converters in Quebec and NH • DOE draft Environmental Impact Statement issued July 21, 2015
Slide 10: Northern Pass Timeline
INVESTOR CALL Northern Pass Timeline July 21, 2015 October 19, December 18, March Late 2016/ First Half 2015 2015 2016 Early 2017 2019 Dept. of Energy Issued Northern Pass NHSEC Accepted NHSEC, Draft Filed Application Application USDOE Public Permits Meetings Received In-Service Environmental with N
Slide 11: Access Northeast - Long-Term Solution to New England Natural Gas Supply
INVESTOR CALL Access Northeast - Designed to Provide a Long-Term Solution to Challenge of New England Natural Gas Supply Project Scope: • Joint development with Eversource (40%), Spectra Energy (40%) and National Grid (20%) • ~$3 billion (100%); 900 MMcf/d, initial in-service 2018 • Will provide fue
Slide 12: 5 of 6 New England States Addressing Natural Gas Capacity Issues
INVESTOR CALL 5 of 6 New England States Addressing Natural Gas Capacity Issues Electric Distribution Co. (EDC) Purchase of Natural Gas Pipeline Capacity Public Act 15-107 enacted June 22, 2015. Draft RFP issued on March 9 with schedule that included CT selection of gas projects this summer and submi