July 30 (Reuters) - Eversource Energy ( ES ) posted a fall
in second-quarter profit on Thursday, as the electric utility
was weighed down by charges tied to the Aquarion sale, offshore
wind liabilities and lower returns on New England transmission
assets.
* Last quarter, the company said its annual earnings would
be hit by the Federal Energy Regulatory Commission's decision to
lower rates for electricity in New England.
* Regulated utilities like Eversource have been filing
requests to increase rates, citing a need for spending on
infrastructure as the country's electrical grids face extreme
weather and growing demand from industry electrification and
data center expansion.
* For the second quarter, the company's net income plunged
84.7% to $53.7 million
* Results included an $111.4 million after-tax non-cash
charge related to Aquarion's sale and a $164 million charge from
higher expected payments to Global Infrastructure Partners
connected with the 2024 sale of its South Fork Wind and
Revolution Wind projects.
* Operations and maintenance costs came in at $480 million,
up 2.7% from a year earlier.
* The company reaffirmed its 2026 per-share adjusted
earnings forecast of $4.57 to $4.72.
(Reporting by Pranav Mathur in Bengaluru; Editing by Sriraj
Kalluvila)