{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-064664","form_type":"8-K","ticker":"ES","cik":"0000072741","company_name":"EVERSOURCE ENERGY","filed_at":"2023-05-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.089214+00:00","generated_at":"2026-06-14T15:11:34.995527+00:00","sec_items":["2.06","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Eversource sells offshore lease interest to Ørsted for $625M; expects $220M-$280M impairment","bullets":["Agreed to sell 50% interest in 175,000-acre uncommitted lease area to Ørsted for $625M cash; close expected Q3 2023.","Will use portion of proceeds to provide tax equity for South Fork Wind project; commercial operation expected late 2023.","Continuing sale process for 50% interest in three contracted offshore wind projects (1,758 MW); announcement expected by end of June.","Q2 2023 after-tax impairment charge estimated at $220M-$280M due to lower sale values; no impact on cash flows or customers.","Reaffirmed FY2023 non-GAAP EPS guidance $4.25-$4.43 and long-term EPS growth rate upper half of 5-7% from 2022 base $4.09."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-064664","json":"https://secwatch.observer/filing/0001104659-23-064664.json","markdown":"https://secwatch.observer/filing/0001104659-23-064664.md","text":"https://secwatch.observer/filing/0001104659-23-064664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72741/000110465923064664/0001104659-23-064664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72741/000110465923064664/tm2316963d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T15:11:34.995527+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f5d8f4c89e24749a1d50df15c850bf0578d6f740","claim":"EVERSOURCE ENERGY announced a impairment with charges of $220 million to $280 million affecting offshore wind business (50% ownership interest in North East Offshore, LLC, including three contracted projects and uncommitted lease area).","evidence_excerpt":"Eversource determined that an impairment charge is required to be recognized in the second quarter of 2023. The estimated range of the after-tax impairment charge is from $220 million to $280 million.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/72741/000110465923064664/0001104659-23-064664-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"$220 million to $280 million"},{"label":"Affected area","value":"offshore wind business (50% ownership interest in North East Offshore, LLC, including three contracted projects and uncommitted lease area)"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}