PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION

The CL&P and NSTAR Electric preferred stock is not subject to mandatory redemption and is presented as a noncontrolling interest of a subsidiary in Eversource's financial statements.

CL&P is authorized to issue up to 9,000,000 shares of preferred stock, par value $50 per share, and NSTAR Electric is authorized to issue 2,890,000 shares of preferred stock, par value $100 per share. Holders of preferred stock of CL&P and NSTAR Electric are entitled to receive cumulative dividends in preference to any payment of dividends on the common stock. Upon liquidation, holders of preferred stock of CL&P and NSTAR Electric are entitled to receive a liquidation preference before any distribution to holders of common stock in an amount equal to the par value of the preferred stock plus accrued and unpaid dividends. If the net assets were to be insufficient to pay the liquidation preference in full, then the net assets would be distributed ratably to all holders of preferred stock. The preferred stock of CL&P and NSTAR Electric is subject to optional redemption by the CL&P and NSTAR Electric Board of Directors at any time.

Details of preferred stock not subject to mandatory redemption are as follows (in millions, except in redemption price and shares):



		Redemption Price Per Share		Shares Outstanding as of December 31,		As of December 31,
Series		Redemption Price Per Share		2018	2017	2018			2017
CL&P
$1.90	Series of 1947	$	52.50	163,912	163,912	$	8.2		$	8.2
$2.00	Series of 1947	$	54.00	336,088	336,088	16.8			16.8
$2.04	Series of 1949	$	52.00	100,000	100,000	5.0			5.0
$2.20	Series of 1949	$	52.50	200,000	200,000	10.0			10.0
3.90%	Series of 1949	$	50.50	160,000	160,000	8.0			8.0
$2.06	Series E of 1954	$	51.00	200,000	200,000	10.0			10.0
$2.09	Series F of 1955	$	51.00	100,000	100,000	5.0			5.0
4.50%	Series of 1956	$	50.75	104,000	104,000	5.2			5.2
4.96%	Series of 1958	$	50.50	100,000	100,000	5.0			5.0
4.50%	Series of 1963	$	50.50	160,000	160,000	8.0			8.0
5.28%	Series of 1967	$	51.43	200,000	200,000	10.0			10.0
$3.24	Series G of 1968	$	51.84	300,000	300,000	15.0			15.0
6.56%	Series of 1968	$	51.44	200,000	200,000	10.0			10.0
Total CL&P				2,324,000	2,324,000	$	116.2		$	116.2
NSTAR Electric
4.25%	Series of 1956	$	103.625	180,000	180,000	$	18.0		$	18.0
4.78%	Series of 1958	$	102.80	250,000	250,000	25.0			25.0
Total NSTAR Electric				430,000	430,000	$	43.0		$	43.0
Fair Value Adjustment due to Merger with NSTAR						(3.6		)	(3.6		)
Other
6.00%	Series of 1958	$	100.00	23	23	$	—		$	—
Total Eversource - Preferred Stock of Subsidiaries						$	155.6		$	155.6