Eversource Energy Q2 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Andrew Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst : First one detail or I just want to clarify, there's some confusion about the CL&P rate case stay out. Does SB 7 allow regulators or intervenors to call you in before October 25? Or is the settlement superseded new state law?

Question: Andrew Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. Great. Next, I want to clarify the timing -- okay. Sorry. I want to clarify the timing. I think you said you expect -- can you hear me?

Question: Andrew Weisel - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay, sorry about that, it must be my headset. Anyway, you expect clarity on Sunrise for the end of the year, October, November. And yet both Joe and John, you guys both use the word soon from a sale price announcement. To be as clear as we can be, does soon meaning before the repricing process is complete or will you and the potential buyer wait until the future of Sunrise is known either by waiting to make an announcement or adding a contingency to the contract?

Question: Richard Sunderland - JP Morgan - Analyst : This is actually Rich Sunderland in on for Jeremy. Can you hear me?

Question: Richard Sunderland - JP Morgan - Analyst : All right. Great. Just a couple of housekeeping items upfront. The $400 million to $450 million you're referencing for New York, is that a pretax or after-tax figure?

Question: Richard Sunderland - JP Morgan - Analyst : Got it. And then on the quarter itself, could you quantify the New Hampshire retroactive piece and the parent tax item as well?

Question: Richard Sunderland - JP Morgan - Analyst : Got it. And that New Hampshire retroactive piece, just how much was that? And is that baked into guidance?

Question: Richard Sunderland - JP Morgan - Analyst : Got it. Very helpful. And then just one higher-level question. There's been a lot of attention on UI's draft decision that came out recently. Any thoughts on how this impacts your approach on the CL&P front for '25? Or any thoughts on read through there to your Aquarion appeal or just other thoughts on Connecticut overall, in light of that draft decision?