CL&P settles CT regulatory proceedings; $75M customer bill credits; Q3 charge of $0.24/sh

CONNECTICUT LIGHT & POWER CO

CL&P to provide $65M in customer bill credits over Dec 2021–Jan 2022; pre-tax charge of $65M in Q3 2021.
Additional $10M set aside for customer assistance; pre-tax charge of $10M in Q3 2021.
Cumulative pre-tax charges (settlement + Storm Isaias penalty) $103.4M; after-tax $83.8M ($0.24/sh) for Eversource.
Base distribution rates frozen until Jan 1, 2024; 90bp and 45bp ROE reductions dropped.
CL&P withdraws pending appeals of Storm Isaias decisions with prejudice; rate freeze excludes other mechanisms.

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