Eversource Energy Completes Exit Of Offshore Wind Business
Eversource Energy ES.N:
EVERSOURCE ENERGY COMPLETES EXIT OF OFFSHORE WIND BUSINESS
EVERSOURCE ENERGY: ADJUSTED GROSS PROCEEDS FROM SALE WERE REDUCED BY ABOUT $375 MILLION AS COMPARED WITH EXPECTED PURCHASE PRICE OF ABOUT $1.12 BILLION
EVERSOURCE ENERGY: EXPECTS TO RECORD AGGREGATE NET LOSS ON COMPLETION OF ITS OFFSHORE WIND DIVESTURE OF ABOUT $520 MILLION IN Q3
EVERSOURCE ENERGY: EXPECTS TO RECOGNIZE LIABILITY OF ABOUT $360 MILLION, INCLUDED AS PART OF AGGREGATE NET LOSS OF $520 MILLION ON SALE, IN Q3
EVERSOURCE ENERGY: TRANSACTION IS NOT EXPECTED TO HAVE A MATERIAL IMPACT TO OUR TARGETED FFO/DEBT RATIO OF 14% TO 15% BY 2025
Source text for Eikon: ID:nBwbKxcSNa
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