Item 7.01. Regulation FD Disclosure.






On October 1, 2021, The Connecticut Light and Power Company ("CL&P"), a
subsidiary of Eversource Energy, announced that it had entered into a
comprehensive settlement agreement with the Connecticut Department of Energy and
Environmental Protection ("DEEP"), Office of Consumer Counsel ("OCC"), Office of
the Attorney General ("AG") and the Connecticut Industrial Energy Consumers
(collectively, the "settling parties"), resolving certain issues that arose in
pending regulatory proceedings initiated by the Connecticut Public Utilities
Regulatory Authority ("PURA"). The settlement agreement requires PURA's approval
by November 1, 2021 to become effective.

The material financial terms of the settlement agreement are as follows:





In the settlement agreement, CL&P agreed to provide a total of $65 million of
customer bill credits to be distributed over two months from December 1, 2021 to
January 31, 2022. CL&P expects to recognize a $65 million pre-tax charge to
earnings in the third quarter of 2021 associated with this provision of the
settlement agreement.



CL&P also agreed to irrevocably set aside $10 million to fund various customer
assistance initiatives as directed by the DEEP, OCC and AG as of the date of
approval of the settlement agreement for disbursement prior to December 31,
2021. CL&P expects to recognize a $10 million pre-tax charge to earnings in the
third quarter of 2021 associated with this provision of the settlement
agreement.



CL&P is currently crediting customers a total of $28.4 million associated with
the payment of a performance penalty for Storm Isaias. As of March 31, 2021,
CL&P had recorded this liability on its balance sheet and a corresponding charge
to earnings.



In exchange for this $75 million of customer rate relief and customer
assistance, PURA's interim rate reduction docket will be resolved without
findings. As a result of the settlement agreement, neither the 90 basis point
reduction to CL&P's return on equity imposed by PURA's storm-related decision
issued April 28, 2021, nor the 45 basis point reduction to CL&P's return on
equity imposed by PURA's draft decision issued September 14, 2021, will be
implemented.



CL&P has also agreed that its current base distribution rates shall be frozen,
subject to the customer bill credits described above, until no earlier than
January 1, 2024. The rate freeze applies only to base distribution rates and not
to other rate mechanisms such as the retail rate components, rate reconciling
mechanisms, formula rates and any other adjustment mechanisms. The rate freeze
also does not apply to any cost recovery mechanism outside of the base
distribution rates with regard to grid-modernization initiatives or any other
proceedings, either currently pending or that may be initiated during the rate
freeze period, that may place additional obligations on CL&P.

As part of the settlement agreement, CL&P agreed to withdraw with prejudice its pending appeals of PURA decisions related to Storm Isaias. The settlement agreement assures that CL&P will have the opportunity to petition for and demonstrate the prudence of the storm costs incurred to respond to customer outages associated with Storm Isaias in a future ratemaking proceeding.





This summary does not represent all of the terms of the settlement agreement.
The settlement agreement contains additional terms and conditions, related to
governance, reporting, hiring and area work center expansion in Connecticut. A
copy of the complete settlement agreement is available at the following link:

http://www.dpuc.state.ct.us/2nddockcurr.nsf/8e6fc37a54110e3e852576190052b64d/e5a95922b7888e6d8525876100747d29/$FILE/Joint%20Motion%20to%20Approve%20Settlement%20%20Cover%20Letter%2010.01.2021%20final.pdf




The cumulative first and expected third quarter pre-tax non-recurring charges
associated with the settlement and Storm Isaias penalty totals $103.4 million at
both CL&P and Eversource Energy. This will result in an expected total after-tax
charge to earnings of $83.8 million, or $0.24 per share, for 2021 for Eversource
Energy, $0.07 per share of which was previously recorded in the first quarter of
2021.

The information contained in this Item 7.01 shall not be deemed "filed" with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by Eversource Energy or any subsidiary thereof under the Securities Act of 1933, as amended, unless specified otherwise.

Item 9.01. Financial Statements and Exhibits.






Exhibit
 Number                                 Description
  104      Cover Page Interactive Data File (embedded within the Inline XBRL
           document).




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