Net income attributable to noncontrolling interests

  
Treasury Shares: As of December 31, 2021 and 2020, there were 13,415,206 and 14,864,379 Eversource common shares held as treasury shares, respectively.  As of December 31, 2021 and 2020, there were 344,403,196 and 342,954,023 Eversource common shares outstanding, respectively.   
On December 1, 2021, Aquarion acquired New England Service Company (NESC), pursuant to a definitive agreement entered into on April 8, 2021. The acquisition was structured as a stock-for-stock merger and Eversource issued 462,517 treasury shares at closing for a purchase price of $38.1 million.   
Eversource issues treasury shares to satisfy awards under the Company's incentive plans, shares issued under the dividend reinvestment and share purchase plan, and matching contributions under the Eversource 401k Plan. The issuance of treasury shares represents a non-cash transaction, as the treasury shares were used to fulfill Eversource's obligations that require the issuance of common shares.   
19.     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 Boards 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 PricePer Share |  | Shares Outstanding as of December 31, |  | As of December 31, |  |
| Series |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  |
| 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 - Noncontrolling Interest - Preferred Stock of Subsidiaries |  | $ | 155.6  |  |  | $ | 155.6  |  |  |

  
20.     COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS  
Dividends on the preferred stock of CL&P and NSTAR Electric totaled $7.5 million for each of the years ended December 31, 2021, 2020 and 2019.  These dividends were presented as Net Income Attributable to Noncontrolling Interests on the Eversource statements of income. Noncontrolling Interest – Preferred Stock of Subsidiaries on the Eversource balance sheets totaled $155.6 million as of December 31, 2021 and 2020.  On the Eversource balance sheets, Common Shareholders' Equity was fully attributable to Eversource parent and Noncontrolling Interest – Preferred Stock of Subsidiaries was fully attributable to the noncontrolling interest.   
For the years ended December 31, 2021, 2020 and 2019, there was no change in ownership of the common equity of CL&P and NSTAR Electric.    
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