morning and everybody. Thanks, Patricia and good welcome
we As are long plan. execute term to our continuing you successfully on see, will
at quarter cost ones was our a significant second recovery by defer for We there negatively that the minor were and of were storms, really those can't future for impacted storms utilities. However, many. number the
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the For first share, were net and earnings of was half and per which or year, XXX XXX the was the adjusted million million X%. up $X.XX, income earnings $X.XX
of full-year guidance, out our reaffirming our about as although was XXXX, implementing talked We are put XX, strategy. We half of initially the which at the February range. lower
new farm executed We have a wind new megawatts. of farms, XXX a wind contract for
In Natural Southern and rates York solar New XXX onshore megawatts and and X. XXXX, Berkshire Gas in Connecticut the for the X have went Gas wind under and Gas of and for currently January rate for May United We new Connecticut were construction. second companies, cases quarter filed Illuminating
this We storage sale gas also of our business. completed
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over. in X%. to The graphical share adjusted per a first just can which earnings in the page share up were you Turning result earnings The were down went form, X, I half. per X% see the
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our you I these one-time of because expected, of year, most than, people was items. all rate last think think, I effective lower remember, tax
of $X.XX are the per to XXXX. per reaffirming outlook for Earnings share Now X, $X.XX to and turning earnings share to $X.XX adjusted page we $X.XX. of
half the half the first to range, related of We are to to due guiding lower impacts storms. those
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pipeline we anyways, of sure XX% achieve want that more those XXXX a as little the earnings of we're able a getting been value is -- per to now a So well. near-term of which still as confident really off as but on had a the The and emphasis, evaluating growth performance the right monetizing we than to Timing storms. and X% this and capital make about every we a growth highly We're of have of more year number XX-gigawatt do XXXX share to quieter, we're half basis, XX has or quickly longer-term we’ve rates. spending, as can. I of we year, today of to to the also storm, And and to ‘XX storms reaffirming then is the X% as the X%. wind and If over XX% half mean, improves rate it had then year, we of an of it little and a June Unfortunately, was the a last plus. could uptick. risk February see regulatory, we've we first then seen. ‘XX ’XX, we’re growth but taxes being ever because
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the with tariff, expect reserve. Central stipulation at deferred all to restoration look of the addressing expected the deferrals. that and offset Connecticut, We other a XX just increases have answer Tax tax revenue the we of Maine, comments. And some York net of agreement the deferred case of -- XX, would the has October it to the FERC, is being X. Act storm the the effective really this as Turning have or regulatory the offset year and Massachusetts. since filed being FERC On proceedings the storm by answer year. and has In been March, storm which rate process. rate benefits savings. We return in proposed formula owner New switch storm the the transmission the included some most York, been opened will to and customers ongoing. highlights. to The in the fall. New this England been have resiliency Act. in the of We Under the would United decision earnings highlights and distribution savings approved XX, to XX We by expect from benefits and currently New that and costs infrastructure in investments sur-credit XX net regulatory offset the and impacted In New tax X the same capture all to Maine requirements, have other existing and end. power an by the and recommendation management networks Reform a to adjustment savings DPS commission was by that sometime an In well audits. and current In staff those Tax we have October we’ll In the meter that of related fall costs page benefits recovery that our some to in automatically jurisdictions, and page that's AMI automated AMI mechanism over is Illuminating July in June for the we deferred York, discussions are year the proceedings investigations, million, January
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is lot deem with some resist and infrastructure a of really can make tree quality what where look our going wood going higher sense. also hardening to going there from undergrounding wire can we're at offline. analysis replacement if branch, at is in the to really poles a is to that use areas instances. this So using accelerated many and in it the a wire of cost/benefit We're contact do for we coated program coal that an is We're going look it some and this
to now fewer alternatives, done be and outside perhaps use and We’re then Connecticut, of that the able the looking other that of outages to Ground battery looking the for last saw and to and tree New tree at and cable using non-wires us Connecticut of wire Sky techniques this as allows Ground than resistant this years with outages right is trimming. it in storage more have several the such We've and are which we enhance we're trees outages Sky Ground to identification had at in because way. aerial grid, trimming hazardous the also in Maine, and we less to York year the Sky to and of to
distributed We’re looking upgrades allow we resources will also the really system. of alternative facilitate grid And circuit supply the really and more source timeframe. advanced out be distribution targeting are to of the of in share at this quarter. will increase that raised on the point metering coming this certain to improve that interconnectivity full in and from infrastructure energy implementation to dividend. announced the annualized of $X.XXX Avangrid New be it York rate and in will for third $X.XX an I to share a $X.XX Also, in an want that We a to
targeting a want we staying share XXX with and to I We’re payoff ratio strengths, within our line look on earnings in we're term be megawatts new very to for XX% XX% increased already. is again at Avangrid’s we When track have long strategy future. and our dividend that implementing should contract the growth, per signed sure, payoff for still make optimistic range.
very attractive and for our Vineyard that The to wind five commitment make and the term, in continue really years, still not we make we is an RFP which we're the sure the looking to best to awards will which as as filing dividend. every we area. our and to be rate at of fulfill getting partnership efficient and future outlook improve have we're going all across increase can mitigation. our will ongoing long term our received cost we long cases the and have practices We that next help NECEC practice we're This in companies
outlook, So on and earnings are reaffirming share we to $X.XX our to of earnings $X.XX. $X.XX $X.XX XXXX per adjusted with
on based I two We the share startup first earnings us. XX%. issues things we're X% together mentioned that XXXX the are and a reaffirming guiding $X.XX the with the adjusted on to cost to us of also per share half [indiscernible] towards and the lower transmission of Those which severely per and and earnings in two to range, year the the share XXXX XXXX half XXXX impacted
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