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105 | DOING BUSINESS IN CONNECTICUT | 2018 2018 | DOING BUSINESS IN CONNECTICUT | 105 SPONSOR REPORT HYDROELECTRIC POWER We are partners with Hydro-Quebec on the Northern Pass project, a transmission line from Canada to New England that can bring down 1,090 megawatts (MW) of abundant baseload hydropower. Northern Pass has the potential to lower New England carbon emissions by 3.2 million tons annually, while saving customers $800 million each year by infusing lower-priced power into New England's energy markets. WIND POWER We support our region's rapid development of clean generating sources and are proud of the announcement we made to become a partner with Ørsted on Bay State Wind, and most recently, Connecticut's Constitution Wind Project. Our vision is to build 2,000 MW of offshore turbines that will be operational in the next decade. That's the equivalent, at full output, of our two biggest nuclear power plants in New England. Our partnership combines Ørsted's deep expertise and track record of successfully constructing offshore wind with Eversource's excellent balance sheet, credit rating, and experience managing complex transmission projects and interconnections to the New England energy grid. LAND MANAGEMENT We dedicate professional resources to maintain the integrity and long-term vitality of the land we manage. The Eversource Land Trust, for example, was created to promote the preservation of open space, and our focus on rights-of-way maintenance practices that promote critical diverse habitats. We also partner with state Historic Preservation and Tribal Historic Preservation offices to identify and protect cultural resources of significance during construction projects. SOLAR ENERGY At Eversource, we're also deeply involved in developing universal solar power that we expect can provide customers all the benefits of private solar at one-third the cost. With the efficiencies of universal solar, we project we will be able to produce electricity for 18 cents per kilowatt hour (kWh), significantly less than the 50 cents per kWh many New Englanders are effectively paying for private solar. CAPTION Constitution Wind Constitution Wind, a 200-MW project proposed to be built approximately 65 miles off the coast of New London, would generate enough electricity to provide 100,000 local homes with clean electricity and would deliver millions in savings across Connecticut. The Ørsted and Eversource proposal includes: • Delivering $80 million in savings per year in lower winter power costs • Committing $4 million to support the state's cornerstone programs for low-income families • Investing $600,000 in scholarships for energy- focused educational programs • Committing $500,000 to local environmental partnerships • Providing $2 million to a newly created Connecticut Economic Development Fund to spur growth in the local economy • Generating $16.1 million in state, local and federal taxes that will support local government functions over the operational lifespan • Contributing $93 million in direct value-add to the Connecticut economy