Eversource Energy (NYSE:ES) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET

Company Participants

Matthew Fallon - Director, Investor Relations
Joe Nolan - Chairman, President and Chief Executive Officer
John Moreira - Executive Vice President, CFO and Treasurer

Conference Call Participants

Shah Pourreza - Guggenheim Partners
Jeremy Tonet - JPMorgan
Nick Campanella - Barclays
Steve Fleishman - Wolfe Research
David Arcaro - Morgan Stanley
Julien Dumoulin-Smith - Jefferies
Paul Patterson - Glenrock
Anthony Crowdell - Mizuho
Travis Miller - Morningstar
Ryan Levine - Citi

Operator

Good morning and good afternoon ladies and gentlemen. Welcome to the Eversource Energy Q2 2024 Earnings Call. My name is Jaquita. I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with the opportunity for questions and answers at the end. [Operator Instructions]

I would now like to pass the conference over to your host Matthew Fallon with Eversource Energy Director for Investor Relations. Matt please go ahead.

Matthew Fallon

Good morning and thank you for joining us. I am Matthew Fallon, Eversource Energy’s Director for Investor Relations. During this call, we’ll be referencing slides that we posted yesterday on our website. As you can see on Slide 1, some of the statements made during this investor call may be forward-looking. These statements are based on management’s current expectations and are subject to risk and uncertainty, which may cause the actual results to differ materially from forecasts and projections. We undertake no obligation to update or revise any of these statements.

Additional information about the various factors that may cause actual results to differ and our explanation of non-GAAP measures and how they reconcile to GAAP results is contained within our news release, the slides that we posted last night and in our most recent 10-Q. Speaking today will be Joe Nolan, our Chairman, President and Chief Executive Officer; and John Moreira, our Executive Vice President, CFO and Treasurer. Also joining us today is Jay Buth, our Vice President and Controller.

I will now turn the call over to Joe.

Joe Nolan

Thank you, Matt. Good morning everyone and thank you for joining us on the call. Let me begin with an update on offshore wind. I am very pleased to report that we have closed the sale of Sunrise Wind Project to Ørsted and that we anticipate closing the sale of our South Fork and Revolution Wind Projects to Global Infrastructure Partners in the third quarter. Closing these sales delivers on our commitment to exit the offshore wind business and focus our resources on being a pure play regulated utility with tremendous low risk regulated growth opportunities to enable the clean energy transition for customers.