UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Registrant; State of Incorporation; Address; Telephone Number; Commission File Number; and I.R.S. Employer Identification No. EVERSOURCE ENERGY (a ...

PART I – FINANCIAL INFORMATION [ITEM 1. Financial Statements (Unaudited)](index=7&type=section&id=ITEM%201.%20Financial%20Statements%20%28Unaudited%29) This section presents Eversource Energy's unaudited condensed consolidated financial statements for the period ended September 30, 2021, along with detailed notes on significant accounting policies and regulatory matters [EVERSOURCE ENERGY AND SUBSIDIARIES Financial Statements](index=7&type=section&id=EVERSOURCE%20ENERGY%20AND%20SUBSIDIARIES%20Financial%20Statements) Eversource Energy reported a slight decrease in net income attributable to common shareholders for the nine months ended September 30, 2021, while total assets increased due to investments in property, plant, and equipment Eversource Energy Consolidated Income Statement Highlights (Unaudited) | Metric | Q3 2021 (in thousands) | Q3 2020 (in thousands) | 9 Months 2021 (in thousands) | 9 Months 2020 (in thousands) | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenues** | $2,432,794 | $2,343,642 | $7,381,172 | $6,670,497 | | **Operating Income** | $483,331 | $561,230 | $1,520,503 | $1,534,006 | | **Net Income Attributable to Common Shareholders** | $283,166 | $346,260 | $913,829 | $933,244 | | **Diluted Earnings Per Common Share** | $0.82 | $1.01 | $2.65 | $2.76 | Eversource Energy Consolidated Balance Sheet Highlights (Unaudited) | Metric | As of Sep 30, 2021 (in thousands) | As of Dec 31, 2020 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | $48,014,055 | $46,099,598 | | **Total Liabilities** | $37,442,444 | $32,036,032 | | **Common Shareholders' Equity** | $14,411,611 | $14,063,566 | - Net cash provided by operating activities remained relatively **stable at $1.52 billion** for the first nine months of 2021, while net cash used in investing activities **increased to $2.42 billion**, primarily due to higher investments in property, plant, and equipment[21](index=21&type=chunk) [Combined Notes to Condensed Financial Statements](index=24&type=section&id=Combined%20Notes%20to%20Condensed%20Financial%20Statements) The notes detail key accounting policies, significant financial events, and regulatory developments, including the impact of COVID-19 on uncollectible accounts, the CL&P storm settlement, and ongoing FERC ROE complaints - The allowance for uncollectible accounts increased due to the COVID-19 pandemic, with **$57.0 million** related to the pandemic expected to be recovered from customers in future rates[71](index=71&type=chunk) - CL&P's settlement agreement for Tropical Storm Isaias resulted in a cumulative **pre-tax impact of $103.6 million** and an **after-tax earnings impact of $85.8 million**, or **$0.25 per share**, for the nine months ended September 30, 2021[97](index=97&type=chunk)[189](index=189&type=chunk) - The company recorded a **$39.1 million pre-tax reserve** for the second FERC ROE complaint period, with the outcome of four pending complaints remaining uncertain, where a **10 basis point change** to the base ROE would impact after-tax earnings by approximately **$3 million** for each 15-month period[170](index=170&type=chunk)[178](index=178&type=chunk) Long-Term Debt Issuances and Repayments (First 9 Months 2021) | Entity | Issuance/(Repayment) (Millions) | Type | | :--- | :--- | :--- | | **CL&P** | $425.0 | 2.05% First Mortgage Bonds | | | ($120.5) | 4.38% Series A PCRB | | **NSTAR Electric** | $300.0 | 3.10% 2021 Debentures | | | ($250.0) | 3.50% Series F Senior Notes | | | $300.0 | 1.95% 2021 Debentures | | **PSNH** | ($122.0) | 4.05% Series Q First Mortgage Bonds | | | ($160.0) | 3.20% Series R First Mortgage Bonds | | | $350.0 | 2.20% Series V First Mortgage Bonds | | **Eversource Parent** | ($450.0) | 2.50% Series I Senior Notes | | | $350.0 | 2.55% Series S Senior Notes | | | $300.0 | 1.40% Series U Senior Notes | | | $350.0 | Variable Rate Series T Senior Notes | [ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=54&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, including a decrease in GAAP EPS primarily due to CL&P charges, while non-GAAP EPS increased, covering segment performance, liquidity, capital expenditures, and significant regulatory developments [Executive Summary and Earnings Overview](index=55&type=section&id=Executive%20Summary%20and%20Earnings%20Overview) Eversource's GAAP earnings decreased due to CL&P settlement and storm penalty costs, while non-GAAP earnings showed growth, and the company reaffirmed its long-term EPS growth forecast GAAP vs. Non-GAAP Earnings Per Share (EPS) | Period | GAAP EPS | Non-GAAP EPS | YoY Change (Non-GAAP) | | :--- | :--- | :--- | :--- | | **Q3 2021** | $0.82 | $1.02 | 0.0% | | **Q3 2020** | $1.01 | $1.02 | - | | **9 Months 2021** | $2.65 | $2.95 | +5.4% | | **9 Months 2020** | $2.76 | $2.80 | - | - The company reaffirmed its long-term EPS growth rate projection through 2025 to be in the **upper half of the 5 to 7 percent range** from its regulated utility businesses[227](index=227&type=chunk) - Key drivers for segment performance in the first nine months of 2021 include a **higher transmission rate base**, the **addition of EGMA earnings** in the natural gas segment, and the **negative impact of the CL&P settlement** on the electric distribution segment[240](index=240&type=chunk)[241](index=241&type=chunk)[243](index=243&type=chunk) [Liquidity and Capital Resources](index=59&type=section&id=Liquidity%20and%20Capital%20Resources) Operating cash flow remained stable in the first nine months of 2021, while the company increased investments in property, plant, and equipment, funding operations through new long-term debt issuances and maintaining substantial borrowing capacity Key Cash Flow and Liquidity Metrics (First 9 Months) | Metric (in billions) | 2021 | 2020 | | :--- | :--- | :--- | | **Cash from Operations** | $1.52 | $1.50 | | **Investments in PP&E** | $2.21 | $2.10 | | **New Long-Term Debt Issued** | $3.15 | N/A | | **Long-Term Debt Repaid** | $1.14 | N/A | - As of September 30, 2021, the company had **$1.86 billion** in available borrowing capacity under its commercial paper programs[228](index=228&type=chunk) [Business Development and Capital Expenditures](index=62&type=section&id=Business%20Development%20and%20Capital%20Expenditures) Consolidated capital expenditures increased in the first nine months of 2021, driven by investments in major transmission projects and a strategic focus on offshore wind partnerships, with significant equity investment in key projects - Total equity investment in the offshore wind business reached **$1.13 billion** as of September 30, 2021, an increase from **$887.1 million** at year-end 2020[286](index=286&type=chunk) Major Offshore Wind Projects | Wind Project | State Servicing | Size (MW) | Contract Status | | :--- | :--- | :--- | :--- | | **Revolution Wind** | Rhode Island / Connecticut | 704 | Approved | | **South Fork Wind** | New York (LIPA) | 130 | Approved | | **Sunrise Wind** | New York (NYSERDA) | 924 | Approved | - Projected in-service dates are the **end of 2023** for South Fork Wind, and **2025** for both Revolution Wind and Sunrise Wind, contingent on permitting schedules[297](index=297&type=chunk) [Regulatory Developments and Rate Matters](index=66&type=section&id=Regulatory%20Developments%20and%20Rate%20Matters) This section details significant regulatory activities, including unresolved FERC ROE complaints, the CL&P settlement regarding Tropical Storm Isaias, and mitigation plans filed by NSTAR Gas and EGMA to defer rate increases - CL&P entered a settlement agreement resolving Tropical Storm Isaias regulatory proceedings, agreeing to **$75 million in customer credits and assistance** and a **freeze on base distribution rates until at least January 1, 2024**, which resolves PURA's proposed ROE reduction penalties[232](index=232&type=chunk)[320](index=320&type=chunk)[322](index=322&type=chunk) - Four FERC complaints regarding the New England Transmission Owners' (NETOs) Return on Equity (ROE) remain pending, with Eversource maintaining a **$39.1 million pre-tax reserve** for the second complaint period[298](index=298&type=chunk)[300](index=300&type=chunk) - FERC's Supplemental NOPR proposes to eliminate the **50 basis point RTO ROE incentive**, which, if finalized, would have an estimated annual negative impact of approximately **$15 million** on Eversource's after-tax earnings[312](index=312&type=chunk) [ITEM 3. Quantitative and Qualitative Disclosures About Market Risk](index=85&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks, including commodity price, interest rate, and credit risk, with commodity price risk largely mitigated for regulated operations and credit risk managed through collateral from counterparties - The company's regulated subsidiaries have no material earnings exposure to **commodity price risk** as economic impacts of energy contracts are passed on to customers through approved rates[425](index=425&type=chunk) - To manage credit risk, the regulated companies held **$108.5 million in collateral** from counterparties as of September 30, 2021[428](index=428&type=chunk) [ITEM 4. Controls and Procedures](index=85&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2021, with no material changes in internal controls over financial reporting during the quarter - Management concluded that the disclosure controls and procedures for Eversource and its key subsidiaries are **effective** as of September 30, 2021[430](index=430&type=chunk) - No changes in internal controls over financial reporting occurred during the quarter that materially affected or are reasonably likely to materially affect these controls[431](index=431&type=chunk) PART II – OTHER INFORMATION [ITEM 1. Legal Proceedings](index=86&type=section&id=ITEM%201.%20Legal%20Proceedings) The company reported no material legal proceedings or significant changes to those previously disclosed in its 2020 Form 10-K - There have been **no material legal proceedings** identified and **no material changes** with regard to the legal proceedings previously disclosed in the 2020 Form 10-K[434](index=434&type=chunk) [ITEM 1A. Risk Factors](index=86&type=section&id=ITEM%201A.%20Risk%20Factors) This section incorporates risk factors from the 2020 Form 10-K, highlighting updated regulatory, legislative, and compliance risks, particularly the potential negative impact of adverse actions by state and federal regulators on earnings and liquidity - The company highlights the risk that adverse actions by regulators, including the **inability to recover prudently incurred costs**, **adverse decisions on rates of return**, or the **imposition of penalties**, could negatively affect financial results[436](index=436&type=chunk)[438](index=438&type=chunk)[439](index=439&type=chunk) - The **four pending FERC complaints** against New England transmission owners regarding allowed ROEs are cited as a specific risk, where an adverse decision could negatively impact financial position, results of operations, and cash flows[442](index=442&type=chunk) [ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=88&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the third quarter of 2021, the company purchased a limited number of its common shares at an average price of $82.25 per share, primarily for matching contributions under its 401k Plan Issuer Purchases of Equity Securities (Q3 2021) | Period | Total Number of Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | **July 2021** | — | $— | | **August 2021** | 21 | $89.05 | | **September 2021** | 2,377 | $82.19 | | **Total** | **2,398** | **$82.25** | [ITEM 6. Exhibits](index=89&type=section&id=ITEM%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including supplemental indentures for debt offerings, CEO and CFO certifications, and interactive data files

2021 Third Quarter Results November 3, 2021 Safe Harbor Statement 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 of such business, but rather represent a direct interest in Eversource Energy's assets and liabilities as a whole. EPS by business is a financial measure not reco ...

Eversource Energy (NYSE:ES) Q3 2021 Earnings Conference Call November 3, 2021 9:00 AM ET Company Participants Joseph Nolan – President and Chief Executive Officer Jeffrey Kotkin – Vice President for Investor Relations Philip Lembo – Executive Vice President and CFO Conference Call Participants Jeremy Tonet – JPMorgan Steve Fleishman – Wolfe Julien Dumoulin-Smith – Bank of America David Arcaro – Morgan Stanley Sophie Karp – KeyBanc Travis Miller – Morningstar Operator Welcome to the Eversource Energy Q3, 202 ...

Eversource Energy (NYSE:ES) Q2 2021 Earnings Conference Call July 30, 2021 9:00 AM ET Company Participants Jeffrey Kotkin - Vice President, Investor Relations Joe Nolan - President and Chief Executive Officer Phil Lembo - Executive Vice President and Chief Financial Officer Conference Call Participants Shahriar Pourreza - Guggenheim Durgesh Chopra - Evercore Julien Dumoulin-Smith - Bank of America Paul Patterson - Glenrock Andrew Weisel - Scotia Sophie Karp - KeyBanc David Arcaro - Morgan Stanley Steve Flei ...

AGA Virtual Financial Forum May 19-20, 2021 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 liabilities of 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 u ...

Eversource Energy (NYSE:ES) Q4 2020 Earnings Conference Call February 17, 2021 9:00 AM ET Company Participants Jim Judge - Chairman, President, Chief Executive Officer Phil Lembo - Executive Vice President, Chief Financial Officer, Treasurer Jay Booth - Vice President, Controller Jeffrey Kotkin - Vice President, Investor Relations Conference Call Participants Shahriar Pourreza - Guggenheim Jeremy Tonet - JP Morgan Steve Fleishman - Wolfe Research Julien Dumoulin-Smith - Bank of America Angie Storozynski - S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Registrant; State of Incorporation; Address; Telephone Number; Commission File Number; and I.R.S. Employer Identification No. EVERSOURCE ENERGY (a ...

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=6&type=section&id=ITEM%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for Eversource Energy and its primary subsidiaries, including balance sheets, income statements, and cash flow statements, along with combined notes for the period ended September 30, 2020 [Eversource Energy and Subsidiaries](index=8&type=section&id=Eversource%20Energy%20and%20Subsidiaries) Eversource Energy's consolidated financials show total assets increased to **$43.5 billion**, with net income attributable to common shareholders rising to **$933.2 million** for the nine months ended September 30, 2020 Eversource Energy - Condensed Consolidated Statements of Income Highlights | Metric | Q3 2020 | Q3 2019 | YTD 2020 | YTD 2019 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenues** | $2,343.6M | $2,175.8M | $6,670.5M | $6,476.1M | | **Operating Income** | $561.2M | $509.2M | $1,534.0M | $1,154.9M | | **Net Income Attributable to Common Shareholders** | $346.3M | $318.9M | $933.2M | $659.0M | | **Diluted EPS** | $1.01 | $0.98 | $2.76 | $2.05 | Eversource Energy - Condensed Consolidated Balance Sheet Highlights | Metric | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | **Total Current Assets** | $3,220.4M | $2,414.5M | | **Total Assets** | $43,507.3M | $41,123.9M | | **Total Current Liabilities** | $3,634.1M | $3,605.6M | | **Total Liabilities** | $29,405.8M | $28,428.3M | | **Common Shareholders' Equity** | $13,980.0M | $12,630.0M | Eversource Energy - Condensed Consolidated Statements of Cash Flows Highlights (YTD) | Metric | YTD 2020 | YTD 2019 | | :--- | :--- | :--- | | **Net Cash Flows Provided by Operating Activities** | $1,496.2M | $1,494.9M | | **Net Cash Flows Used in Investing Activities** | ($2,009.7M) | ($2,451.8M) | | **Net Cash Flows Provided by Financing Activities** | $1,225.4M | $899.6M | | **Net Increase/(Decrease) in Cash** | $711.9M | ($57.4M) | [The Connecticut Light and Power Company (CL&P)](index=16&type=section&id=The%20Connecticut%20Light%20and%20Power%20Company) CL&P's total assets grew to **$13.1 billion**, with net income increasing to **$356.1 million** for the nine months ended September 30, 2020, despite decreased net cash from operations CL&P - Condensed Statements of Income Highlights | Metric | Q3 2020 | Q3 2019 | YTD 2020 | YTD 2019 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenues** | $994.3M | $853.9M | $2,711.4M | $2,444.0M | | **Operating Income** | $191.2M | $190.3M | $558.3M | $528.9M | | **Net Income** | $120.1M | $111.7M | $356.1M | $327.0M | CL&P - Condensed Balance Sheet Highlights | Metric | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | $13,084.0M | $12,185.2M | | **Total Liabilities** | $8,171.8M | $7,679.9M | | **Common Stockholder's Equity** | $4,794.4M | $4,387.8M | [NSTAR Electric Company and Subsidiary](index=21&type=section&id=NSTAR%20Electric%20Company%20and%20Subsidiary) NSTAR Electric's total assets increased to **$12.4 billion**, with net income rising to **$363.6 million** for the nine months ended September 30, 2020, despite lower operating revenues NSTAR Electric - Condensed Consolidated Statements of Income Highlights | Metric | Q3 2020 | Q3 2019 | YTD 2020 | YTD 2019 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenues** | $875.4M | $878.7M | $2,270.2M | $2,358.2M | | **Operating Income** | $234.0M | $219.4M | $526.7M | $491.4M | | **Net Income** | $165.7M | $154.9M | $363.6M | $338.7M | NSTAR Electric - Condensed Consolidated Balance Sheet Highlights | Metric | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | $12,386.1M | $11,888.3M | | **Total Liabilities** | $8,060.5M | $7,728.4M | | **Common Stockholder's Equity** | $4,325.5M | $4,159.9M | [Public Service Company of New Hampshire (PSNH) and Subsidiaries](index=26&type=section&id=Public%20Service%20Company%20of%20New%20Hampshire%20and%20Subsidiaries) PSNH's total assets grew to **$4.5 billion**, with net income increasing to **$118.4 million** for the nine months ended September 30, 2020, supported by higher operating revenues PSNH - Condensed Consolidated Statements of Income Highlights | Metric | Q3 2020 | Q3 2019 | YTD 2020 | YTD 2019 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenues** | $283.7M | $280.4M | $815.3M | $797.8M | | **Operating Income** | $74.4M | $64.5M | $189.1M | $160.5M | | **Net Income** | $47.2M | $40.9M | $118.4M | $100.5M | PSNH - Condensed Consolidated Balance Sheet Highlights | Metric | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | $4,499.3M | $4,350.7M | | **Total Liabilities** | $3,010.9M | $2,958.9M | | **Common Stockholder's Equity** | $1,488.3M | $1,391.7M | [Combined Notes to Condensed Financial Statements (Unaudited)](index=31&type=section&id=Combined%20Notes%20to%20Condensed%20Financial%20Statements%20(Unaudited)) These notes detail accounting policies, regulatory matters, financial instruments, and commitments, covering COVID-19 impacts, storm restoration costs, debt and equity financing, and the Columbia Gas of Massachusetts acquisition - On October 9, 2020, Eversource completed the acquisition of Columbia Gas of Massachusetts (CMA) for a cash purchase price of **$1.1 billion** plus working capital[70](index=70&type=chunk)[237](index=237&type=chunk) - The company has not experienced significant adverse impacts from COVID-19 as of the filing date but continues to monitor the situation, with regulatory mechanisms in place or developing to recover incremental costs[76](index=76&type=chunk)[78](index=78&type=chunk) - Tropical Storm Isaias in August 2020 caused catastrophic damage, with deferred storm restoration costs estimated at **$257 million** for CL&P and **$276 million** for Eversource as of September 30, 2020, which the company believes are recoverable[115](index=115&type=chunk)[116](index=116&type=chunk)[366](index=366&type=chunk) - Eversource recorded a pre-tax reserve of **$39.1 million** for the second FERC ROE complaint period, representing the difference between billed rates and a **10.57%** base ROE, with the outcome of four pending complaints remaining uncertain[192](index=192&type=chunk)[346](index=346&type=chunk) - In the first nine months of 2020, the company issued **$2.36 billion** of new long-term debt and **11,960,000** common shares, raising net proceeds of **$929.0 million**[258](index=258&type=chunk)[259](index=259&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=59&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Eversource's financial condition and results, covering earnings performance, liquidity, capital resources, business development (including the Columbia Gas acquisition and offshore wind projects), and regulatory matters, highlighting earnings growth and impacts from COVID-19 and storm events [Eversource Energy and Subsidiaries MD&A](index=59&type=section&id=Eversource%20Energy%20and%20Subsidiaries%20MD%26A) Eversource reported YTD 2020 GAAP EPS of **$2.76**, driven by a higher transmission rate base and the absence of a prior year impairment charge, while reaffirming its 2020 non-GAAP EPS guidance and progressing on strategic acquisitions and offshore wind projects Eversource Earnings Per Share (EPS) Summary | Period | 2020 GAAP EPS | 2019 GAAP EPS | 2020 Non-GAAP EPS* | 2019 Non-GAAP EPS** | | :--- | :--- | :--- | :--- | :--- | | **Q3** | $1.01 | $0.98 | $1.02 | $0.98 | | **YTD** | $2.76 | $2.05 | $2.80 | $2.69 | - The company reaffirmed its 2020 non-GAAP earnings guidance of **$3.60 to $3.70 per share** and its long-term EPS growth rate of **5% to 7%** through 2024[254](index=254&type=chunk) - The acquisition of Columbia Gas of Massachusetts (CMA) was completed on October 9, 2020, for **$1.1 billion**, adding approximately **330,000** natural gas customers[261](index=261&type=chunk)[324](index=324&type=chunk) - The company is developing several offshore wind projects in a 50/50 partnership with Ørsted, with an expected investment of **$200 million to $400 million** in 2020, though permitting delays may impact in-service dates[331](index=331&type=chunk)[333](index=333&type=chunk)[343](index=343&type=chunk) [CL&P, NSTAR Electric, and PSNH MD&A](index=81&type=section&id=Subsidiaries%20MD%26A) The subsidiaries' results show increased earnings driven by higher transmission rate bases and new distribution rates, with CL&P's YTD earnings rising to **$356.1 million**, NSTAR Electric's to **$363.6 million**, and PSNH's to **$118.4 million** - CL&P's YTD 2020 earnings increased by **$29.1 million** year-over-year, driven by base distribution rate increases and a higher transmission rate base[434](index=434&type=chunk) - NSTAR Electric's YTD 2020 earnings increased by **$24.9 million** year-over-year, primarily due to a base distribution rate increase and higher transmission earnings[435](index=435&type=chunk) - PSNH's YTD 2020 earnings increased by **$17.9 million** year-over-year, mainly from a temporary base distribution rate increase and a higher transmission rate base[436](index=436&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=88&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section confirms the company's regulated operations mitigate commodity price risk by passing energy contract impacts to customers, with no material changes to market risks since the 2019 Form 10-K - The company's regulated businesses pass the economic impacts of energy contracts on to customers, resulting in no exposure to loss of future earnings from commodity price risk[460](index=460&type=chunk) - There have been no material changes with regard to market risk items previously disclosed in the Eversource 2019 Form 10-K[464](index=464&type=chunk) [Item 4. Controls and Procedures](index=88&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures for Eversource and its subsidiaries were effective as of September 30, 2020, with no material changes in internal controls over financial reporting during the quarter - The principal executive officer and principal financial officer concluded that disclosure controls and procedures are effective for Eversource and its reporting subsidiaries[465](index=465&type=chunk) - No changes in internal controls over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[466](index=466&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=89&type=section&id=ITEM%201.%20Legal%20Proceedings) This section confirms no material legal proceedings or changes to previously disclosed legal proceedings since the company's 2019 Form 10-K - There have been no material legal proceedings or material changes to previously disclosed legal proceedings since the 2019 Form 10-K[469](index=469&type=chunk) [Item 1A. Risk Factors](index=89&type=section&id=ITEM%201A.%20Risk%20Factors) This section incorporates 2019 Form 10-K risk factors and adds a detailed COVID-19 pandemic risk, highlighting potential adverse impacts on customers, operations, and financials, including cybersecurity, capital access, and project timing - A new significant risk factor has been added regarding the global pandemic of COVID-19, which could cause unfavorable impacts to customers, vendors, employees, regulators, and operations[471](index=471&type=chunk) - Specific COVID-19 related risks include increased cybersecurity attacks, potential difficulties in accessing capital markets, uncertainty in regulatory actions for cost recovery, and potential delays in strategic development opportunities like offshore wind projects[472](index=472&type=chunk)[473](index=473&type=chunk)[474](index=474&type=chunk)[475](index=475&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=90&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section discloses the purchase of **2,277** common shares at an average price of **$83.53** during Q3 2020, related to 401k matching contributions and not part of a public repurchase program Common Share Purchases - Q3 2020 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | **July 2020** | 0 | N/A | | **August 2020** | 0 | N/A | | **September 2020** | 2,277 | $83.53 | | **Total** | **2,277** | **$83.53** | [Item 6. Exhibits](index=91&type=section&id=ITEM%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including supplemental indentures for debt offerings and CEO/CFO certifications pursuant to the Sarbanes-Oxley Act - Exhibits filed include supplemental indentures for new debt issuances by Eversource Energy and PSNH[485](index=485&type=chunk)[487](index=487&type=chunk) - Certifications by the CEO and CFO for Eversource, CL&P, NSTAR Electric, and PSNH pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act are included as exhibits[485](index=485&type=chunk)[486](index=486&type=chunk)[487](index=487&type=chunk)

Eversource Energy (NYSE:ES) Q3 2020 Results Earnings Conference Call November 4, 2020 9:00 AM ET Company Participants Jeff Kotkin - Vice President, Investor Relations Phil Lembo - Executive Vice President and CFO Joe Nolan - Executive Vice President, Strategy, Customer and Corporate Relations John Moreira - Treasurer and Senior VP, Finance and Regulatory Jay Buth - Controller Conference Call Participants Shahriar Pourreza - Guggenheim Steve Fleishman - Wolfe Angie Storozynski - Seaport Global Julien Dumouli ...