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):
 
o             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o             Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o             Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o             Pre-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 2                                              Financial Information
 
Item 2.02                                            Results 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 7                                              Regulation FD
 
Item 7.01                                            Regulation 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 9                                              Financial Statements and Exhibits
 
Item 9.01                                            Financial 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 

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.
 
###

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.

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