Eversource Energy (ES) official guidance

Next, let me reaffirm our five-year capital plan of $26.5 billion, as shown on slide 13. This reflects our five-year utility infrastructure investments by segment through 2030, and we are off to a good start with CapEx of nearly $800 million through March, as compared to our 2026 forecast of $5.1 billion.

John MoreiraEVP, CFO, and Treasurer at Eversource Energy (00:21:16): Over this five-year period, from 2026 through 2030, we expect to invest approximately $26.5 billion in our regulated electric and natural gas businesses, representing a $2.3 billion increase as compared to our prior five-year plan, and a $1.5 billion increase from 2026 through 2029, the overlapping period.

Eversource released its new five-year $26.5 billion investment plan for the years 2026 to 2030, which is an increase of $2.3 billion dollars over its previous plan of $24.2 billion and an increase of $1.5 billion for the years 2025 to 2029.

The Company reaffirms its revised earnings guidance for 2026 non-GAAP recurring earnings of between $4.57 per share1 and $4.72 per share1, which includes the impact of the prospective reduction to the transmission ROE rate resulting from the March 2026 FERC order and the absence of Aquarion earnings in the second half of the year.

These items together resulted in revised 2026 non-GAAP earnings guidance in the range of $4.57 to $4.72 per share.

As announced on March 31, 2026, following the FERC order that reduced transmission base ROE by 100 basis points and taking into account earnings impacts of the potential Aquarion sale after securing the Connecticut Public Utility Regulatory Authority's final approval of change of control, the Company revised its earnings guidance for 2026 non-GAAP recurring earnings to between $4.57 per share1 and $4.72 per share1, versus its original guidance range of $4.80 to $4.95 per share.

The Company's revised 2026 non-GAAP earnings guidance is now expected to be in the range of $4.57 per share and $4.72 per share.

Eversource expects annual earnings growth towards the upper half of its long-term guidance by 2028.

We are reaffirming our long-term earnings growth rate of 5%-7% off the midpoint of our revised 2026 guidance.

Eversource expects annual earnings growth towards the upper half of its long-term guidance by 2028.

The Company expects annual earnings growth towards the upper half of its long-term guidance by 2028.

We remain confident in our ability to deliver earnings growth towards the upper half of our long-term target of 5%-7% by 2028. Just to be clear, this expectation would be off of the expected 2027 earnings results.

In addition, the Company expects annual earnings growth towards the upper half of its long-term guidance by 2028.

This means that now in Connecticut and New Hampshire together, Eversource should recover approximately $2 billion in deferred storm costs and carrying charges through these securitization transactions within the next 12-18 months.

The Company also reaffirmed its compound annual earnings per share growth rate within the range of 5 to 7 percent through 2030, using the adjusted 2026 non-GAAP earnings guidance midpoint of $4.65 per share1 as the base year.

The Company also expects that its cumulative long-term earnings per share growth rate would be within the range of 5 to 7 percent through 2030, using the adjusted 2026 non-GAAP earnings guidance mid-point of $4.65 per share as the base year.

We are projecting the five-year long-term earnings per share growth rate to be in the range of 5%-7% based off of our 2025 non-GAAP recurring EPS of $4.76 per share.

The Company also expects that its cumulative long-term earnings per share growth rate would be within the range of 5 to 7 percent through 2030, using the 2025 non-GAAP results of $4.76 per share1 earned as the base year.

The change in the base ROE, and the related specific transmission incentive adders, is expected to lower Eversource's future after-tax earnings in the aggregate by approximately $70 million for 2026.

The new ROE rate of 11.39% is expected to be effective later this year on a subject to refund basis.

Eversource Energy's annual projection for 2026 earnings is between $4.80 per share and $4.95 per share.