Financial PerformanceThe primary drivers of the year-over-year increase are electric rate base growth, favorable weather conditions, reduced minor storm costs, and tax-related activity at the Parent company.
Strategic TransactionsEversource expects approximately $1.1 billion of cash proceeds upon closing of project sales, with no anticipated delays in the completion of these transactions.
ValuationES screens as the cheapest large cap name in our electric coverage universe, with a 25% discount vs. peers considered excessive.