ES - Eversource Energy (ES) Q1 2024 Earnings Call Transcript
2024-05-02 12:02:13 ET
Eversource Energy (ES)
Q1 2024 Earnings Conference Call
May 02, 2024, 09:00 AM ET
Company Participants
Matthew Fallon - Director of Investor Relations
Joseph Nolan - Chairman, President & Chief Executive Officer
John Moreira - Executive Vice President, Chief Financial Officer & Treasurer
Jay Buth - Vice President and Controller
Conference Call Participants
Shahriar Pourreza - Guggenheim Partners
Carly Davenport - Goldman Sachs
Nicholas Campanella – Barclays
Jeremy Tonet - JPMorgan
Steve Fleishman - Wolfe Research
Andrew Weisel - Scotiabank
Anthony Crowdell – Mizuho
Durgesh Chopra - Evercore ISI
Travis Miller – Morningstar
Presentation
Operator
Good morning and thank you for attending the Eversource Energy Q1 2024 Earnings Call. My name is Alyssa and I'll be your moderator. [Operator Instructions] I'd now like to pass the call hand over to our host Matthew Fallon, Eversource Energy’s 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 we posted last night and in our most recent 10-K.
Speaking today will be Joseph Nolan, our Chairman, President and Chief Executive Officer; and John Moreira, our Executive Vice President and CFO and Treasurer. Also joining us today is Jay Buth, our Vice President and Controller. Now, I will turn the call over to Joe.
Joseph Nolan
Thank you, Matt, and thank you all for joining us on the call this morning. Let me begin with an update on the sale of our offshore wind business. I am pleased to report that we are on track to close the sale of the three projects over the coming months. We are progressing well on the approvals necessary to close these transactions as shown on Slide 3. We have filed all regulatory approvals with the New York Public Service Commission and FERC for the sale of South Fork Wind and Revolution Wind to global infrastructure partners. And we recently executed the purchase and sale agreement for Sunrise Wind with Ørsted. For Sunrise Wind, we have also filed applications for regulatory approvals the New York Public Service Commission and FERC. We anticipate these approvals will take about 90 days....
Eversource Energy (ES) Q1 2024 Earnings Call Transcript