Eversource Energy : Aquarion

Aquarion Water Company of Connecticut

FINANCIAL SUMMARY - DOCKET 86-09-06RE01

TWELVE MONTHS ENDING 06/30/2022

Item

Reference

B, 2,

1. Times pre-tax interest coverage (AFUDC included)
2. Times pre-tax interest coverage and other non-cash accruals (AFUDC excluded)
3. Indenture coverage
4. • average annual net earnings of AWCCT in the thirty-six consecutive months ending not more than ninety days prior to the date of issuance thereof shall have been at least equal to 1 3/4 times the aggregate amount of annual interest charges on all bond indebtedness on a pro forma basis. Such net earnings are before interest but after all income taxes.
5. Net cash flow as a % of total permanent capital
6. Net cash flow as a % of cash construction
7. Return on common equity
   Cost of capital method (12 months ending) 1A) Average capital structure

1B) End of period capital structure

Net income method (12 months ending)

2A) Regulated portion of company

2B) Total company

(same as 2a)

1. AFUDC as a % of earnings
2. Rate base
3. Return on rate base
   Items J thru L pertain to Aquarion Company, Parent Company of AWCCT Company

Response

3.59 times

0.99 times

1.75 times *

5.36%

36.50%

7.62%

7.92%

8.59%

10.64%

$991,557,469

5.88%

J.*	Market to book
	1)	Dollars, Market
		Book
	2)	Ratio
K.*	Dividends per share
	1) Most current 3 months ended
	2) Most current 12 Months ended
L.*	Earnings per share
	1)	Most current 3 months ended
	2)	Most current 12 months ended

*On January 7, 2000, Aquarion Company, parent company of Aquarion Water Company of Connecticut, formerly BHC, was purchased by Kelda Group PLC of Leeds, England. As a result of the merger, Aquarion Company common stock was purchased for cash. In April 2007, the Company was sold to Macquarie Utilities, Inc. On December 4, 2017, Eversource Energy Corporation (NYSE: ES) closed its purchase of Acquarion Company. Therefore, items J through L are no longer applicable for this reporting purpose.

(see above)

1. Capital structure
2. 1. Average
   1. excluding short-term debt

				Embedded	Weighted cost
			%	Cost	of Capital
Long-term debt	$	416,505,000	45.23	4.20%	1.90%
Preferred stock		-	0.00	0.00%	0.00%
Common equity		504,423,360	54.77	7.27%	3.98%
	$	920,928,360	100.00		5.88%
B) including short-term debt				Embedded	Weighted cost
			%	Cost	of Capital
Long-term debt	$	416,505,000	43.67	4.20%	1.83%
Preferred stock		-	0.00	0.00%	0.00%
Common equity		504,423,360	52.89	7.62%	4.03%
Short-term debt		32,828,975	3.44	0.48%	0.02%
	$	953,757,335	100.00		5.88%

1. End of period

1. excluding short-term debt

				Embedded	Weighted cost
			%	Cost	of Capital
Long-term debt	$	416,505,000	44.10	4.20%	1.85%
Preferred stock		-	0.00	0.00%	0.00%
Common equity		527,973,978	55.90	7.21%	4.03%
	$	944,478,978	100.00		5.88%

B) including short-term debt				Embedded	Weighted cost
			%	Cost	of Capital
Long-term debt	$	416,505,000	41.02	4.20%	1.72%
Preferred stock		-	0.00	0.00%	0.00%
Common equity		527,973,978	51.99	7.92%	4.12%
Short-term debt		70,983,639	6.99	0.48%	0.03%
	$	1,015,462,617	100.00		5.87%

1. Inflation rate - % change from 06/21 to 06/22

Consumer Price Index	9.06%
Producer Price Index	22.52%

1. Interest rates @ 06/30/22

Average short-term rate	0.48%
Prime rate	4.75%