---
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"
generated_at: "2026-06-14T15:11:34.995527+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Eversource sells offshore lease interest to Ørsted for $625M; expects $220M-$280M impairment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.06, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-064664
- JSON: https://secwatch.observer/filing/0001104659-23-064664.json
- Plain text: https://secwatch.observer/filing/0001104659-23-064664.txt

## Key facts
- Restructurings & Charges
  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).
  - Type: impairment
  - Charge: $220 million to $280 million
  - Affected area: offshore wind business (50% ownership interest in North East Offshore, LLC, including three contracted projects and uncommitted lease area)
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/72741/000110465923064664/0001104659-23-064664-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.