NYSE:ESElectric Utilities
Eversource Exit From Offshore Wind Recasts Focus On Regulated Earnings
Eversource Energy (NYSE:ES) is exiting its offshore wind partnership with Orsted.
The company plans to refocus on its core regulated utility operations following this exit.
This change affects how Eversource allocates capital between renewables projects and regulated businesses.
Eversource Energy runs regulated electric, gas, and water utilities, which typically follow defined rate frameworks set by regulators. Stepping away from the offshore wind joint venture signals a preference for...