Eversource Energy (ES) Proxy Filing summary

Executive summary

• Achieved strong operational reliability, with customer power interruptions averaging 21.2 months apart and restoration times of 63.5 minutes, ranking in the top decile industry-wide.

• Completed the sale of offshore wind assets and executed a definitive agreement to sell the Aquarion water business, positioning as a pure-play electric and natural gas utility.

• Invested over $4.6 billion in core businesses in 2024, increased annual dividend by 5.9% to $2.86 per share, and issued $1 billion in equity to strengthen the balance sheet.

• Advanced clean energy initiatives, including approval of the Massachusetts Electric Sector Modernization Plan, geothermal pilot commissioning, and federal funding for the Huntsbrook clean energy hub.

• Maintained industry-leading ESG ratings and received multiple national recognitions for responsibility, climate leadership, and workplace wellness.

Voting matters and shareholder proposals

• Shareholders will vote on: election of nine Trustees, advisory approval of executive compensation, ratification of Deloitte & Touche LLP as auditor, amendments to eliminate supermajority voting and allow virtual meetings, and a shareholder proposal for an independent board chairman.

• Board recommends voting FOR all items except the independent chairman proposal, which it recommends AGAINST.

Board of directors and corporate governance

• Board consists of nine Trustees, eight of whom are independent; seven have served seven or fewer years.

• Lead Independent Trustee role is robust, and all committees are chaired by independent Trustees.

• Annual board and committee self-assessments, with a focus on diversity, skills, and ongoing refreshment.

• Proxy access provision and mandatory retirement age for Trustees are in place.