$X.XX meeting share the Avangrid or share very everybody. a a $X.XX million $XXX welcome the for for or million had and through nine the a and GAAP months. quarter the $XXX earnings Patricia and were expectations. quarter good Thanks, year-to-date
XX% comparison $X.XX or $XXX you income quarter-over-quarter, per adjusted quarter up a earnings $X.XX. earnings net and in the had adjusted X% $X.XX adjusted for And third the adjusted million had increase a the earnings dividend $XXX quarter months the for up up X% were share. were million and at to earnings share share were Now the we a When of or up the earnings also XX%. and earnings look nine
to thing good the the activities our Now our implementing pointed plan. and continue out we track strategy on we're we're strategic from implementing
expect first CNG rate The currently. answer this case is case the case We construction Power We point. that's on have XXXX. Central New to And companies it in also settlement file in settlement a December. expect York the discussions onshore also commission rate the the for before Berkshire XXX megawatts wind early October Maine under we a we for and we filed of XX the would at Gas pending in have half
We as expect in mid-December. I for said the CNG approval
from XXXX Vineyard rate offshore continuing earnings in New presentation the current the and wind Connecticut our during Gas, to then for ones about We're for our adjusted as these and that We're well. making is large great the approvals New to XXXX to growth advance progress are track Southern that are project. XXXX through forecast. key on projects various XXXX we're and for earnings during this talk not period X% our and the on on occurred we'll in Wind the points York companies years XX% and growth for up UI,
future. approval received [indiscernible] the anticipating on the distant with certificate Energy contracts in Massachusetts We And have transmission Maine NECEC, is executed those and process is have the that not we're project, and filed previously which X. our in Clean [ph] the the New too August necessity XX-year FERC England we
gas of comparison Turning do include the GAAP X% of earnings mind to Page GAAP earnings, the and increase we the for the trading can over earnings of They charges the and can four see now for months months restructuring other in see mark-to-market year-to-date. XX% gas adjusted when switch quarter X that the of excluded are to which the our renewals storage Keep and and two again. presentation, include the quarter-over-quarter business. their you you the and
we're share have effect rate one drivers and from a plan Moving and is various to The and impact also minor from labor New $X.XX, for York the up in periods, for file incorporate from network $X.XX we've reasons for looking for XXXX New $X.XX well. that networks resiliency share York to and to Maine a of case really X% key storms been $X.XX increase in then and increase. a this the negative had as lower XX% capitalized plans our
somewhat for Now of late XXXX actually September well. talk megawatts it slides. Solar, we'll expectations upcoming the for and still production in - in we and that XXX megawatts then new and transmission sold we though resources year below improved in year this wind that activities about as production The XX was megawatts that in came started had this and we our queue the position
switch the projects half and as we have over said, renewal had third to quarter. we first - starts XXXX, good been fixed. I'm up issues And For going I Page transmissions and had a to X
adjusted reaffirming $X.XX negative However the aspects range. not and of lower quarter. the to in second the share at of $X.XX part share of for of to we're But our we outlook XXXX our earnings per per all $X.XX $X.XX overcome did earnings
to corporate storms in forecast interest one that that affected Now guiding part range lower delay want in impacted overheads share including and labor to are New about new about as the we wind transmission the farms the us and $X.XX outages adjustment earnings and share. by for and issues impacts that The by the affected to capitalization lower start-up a had over, of us related is mechanism $X.XX actually of our somewhat share XXXX York expectations from final about We're X% us this then well is our down there versus down item. year-to-date our quarter all go some we about a about by production, one we're impacted also again and year-to-date. having and that the The low X.X% $X.XX was wind us a higher this on and XXXX the taken and tax a this to expectations make about satisfaction. we've mitigate is to material is expenses weakness share and sure $X.XX the auditors and to additional we audit resources related
and Right down continue or The our an networks we about running behind million somewhat also a by wind process now is an catch year but practices up of we So little labor and our stop entirely us at that's for point XXX end on this that's capitalized performance and the spending. those best ongoing quarter one the or impact impacting us, AFUDC. be could having and storms of and opportunities in timing that this risk as year. on of operating our Weather and our The may this that's year, bit had the renewable year. in will still particular the should efficiencies doesn't capital last year. and develop continue any up not at hopefully ongoing looking year, to throughout see and can we we adjusted number also share are that queue at X% XXXX near reaffirming XXXX we've for but storms At small taxes we by of this and We're the the and talked regulatory. development in them not in share per get to that don't greater selling earnings more that off sale to we growth we're an our projects about those term point, earnings value per XX%. any looking XXXX XXXX the
under be Turning Wind purchased expect construction Page where Otter in under and Patriot to be - which X, projects X latter XXXX can Oregon. the that commercial and all Those location are Montague, Patriot of X renewable and Creek mid-year. you about is in Coyote a Texas Dakota. operations the Ridge we them late have which in then and part of XXXX see Texas project are South will Illinois. our just construction for in about we with in in Karankawa all will
outlook X, PPA's our X,XXX Turning you secured of of to or see XX% of our also hedges. target under megawatts firm secured X,XXX XX% XXXX have of Page we XX-year We've XXXX that long-term megawatts. can
our we in and targets progressing plan. extremely out we're well So the sent long-term
commercial We commercially XXXX XXXX operations it megawatts solar in our construction and from project have that with went XXX and operated then either we in actually then this XXXX. additional have an will under in megawatts XXX be of megawatts XX that megawatts XXX XXX year. contracts starting
secured. see target So already of our as is you are can X,XXX XX% XXXX
increased installed all of gigawatts solar. and from X X.X have today that our just about to X.X onshore gigawatt is we've gigawatt capacity of We pipeline
of our XX.X So have which in now wind. a pipeline total offshore we includes X gigawatts gigawatts
project. It's have offshore we the currently. to XX-XX Copenhagen develop want in Vineyard largest we Moving two partnership Wind that's our the Project Partners an a received, megawatt talk to to wind to about XXX we it RFP and XX, phases. Infrastructure US be project It's with won Page going
operated escalations annual the The of prices which X.X%. megawatts first will with at end $XX of hour XXXX. at starting megawatt XXX The be
in $XX has first in start phase ongoing project to we'll forward. XXXX. of at our over that qualification people US Plan. working are experience hour to of second and in Iberdrola the already and for both a XXXX. to both is is wind this proven able the move ITC The that idea And Construction the allows and CIP both with This Ocean investment in will XXX CIP that payments. been and on We're totally people the projects. eligible made up of Avangrid's This the to relying from Keep megawatts capacity megawatt for for from And similar Energy CIP mind, from but tax and the Bureau offshore, Iberdrola. and building existing we escalates Management is have BOEM's in team applied X.X% of approval the in Avangrid the in directly project people timeframe price have the Operation we're utilizing farm that be years these good get along of by that also be technology here, renewable XXXX thing them locations and credit Iberdrola in team the and Europe developed XX people offshore
want to Wind and Page I XX, our to target is with turning megawatt our timeline on Now project that Vineyard their with emphasize expectations. XXX
this XXXX and lease the look starting secured BOEM you environmental Task If the back the the XXXX. do then studies look State Vineyard from XXXX. in Wind to at here way offshore all Force history in through BOEM started in wind and
August. required Now passed which Act CIP awarded those XXX megawatts megawatts. Wind Massachusetts Vineyard Massachusetts XXXX. year, with with the In and was partnered May the of in was and Vineyard to Public last Utilities filed RFP Energy with in EDC's the then Avangrid their for We partner of that contracts Wind the Massachusetts May in be offshore back a wind executed Department Diversity X,XXX by of Massachusetts
state second. final for chart also report. submit We Report with XXXX filed the September to environmental over Draft Environment in in we the now and key The that Supplemental approvals deemed in the was Massachusetts Impact the we'll compliant impact in that can go Federal
to recently Barnstable in executed of the Barnstable allows We point Agreement provides landing Host and substation. the also this gen-tie for also in Community with and the October Town onshore an
the underway queue take starting we'll this to have So then contractor point Marine XXXX, in approvals totaling and is the New to all all two generators a and them over into a and to turbine lease that turbines out lease terminal we future. within We the be we for It as expect megawatts awarded receipts of fall process The be area. offloading we our XXXX. XXX of for expect would positions that within procurement using will each. the the signed December beneficial be [indiscernible] Bedford
was you XXXX Page XX, filed was Operation The can in on chart and the Turning and was The Plan it and in December they're March approvals the and Assessment March a you in Plan approved it to see all get filed May look about decision we of XXXX. Site permitting and little track. Construction Completeness was approved fall XXXX, takes the the in about it's XXXX. COP year of complete will sufficient a and to this the and get year the completed sufficiency, and of record the that for decision. considered Sufficiency of Review record once and a now from is It
XXXX on the in Intent draft So get XXXX. be to will done. and of Period we March the The of final The in Comment fall perfectly have Impact the XX-day one Study, should Notice that we're track was expired. the the Environmental spring
certificate with DPUC Now Environmental the Approval The was in the to any Massachusetts Report filed December. supplementary the the in EIR said, we pending. would deemed filed issued The Policy spring. The DPU. state was I We and that with now compliant was year. in Impact in that, of notification They Contract. approvals, Environmental requires final Act is issues expect July, don't were the February see this the those as
spring filed of in of should final XXXX then Energy the we XXXX. the in and expect Facilities So respectively was filed EIR Massachusetts have that have those were Board we Siting of in Spring December XXXX the and and the February and and XXXX those
for [indiscernible] Now did they and to hours in see there legislation by been up were X,XXX awarded expect responded you New XXXX that XXX on on June for XXX they of are RFP Massachusetts Connecticut as state. January additional in have in XXXX. another at lease for in XXX through XX offshore turning looking XXX and three of gigawatts. responded including We've expected looking responding and they'd would the be wind to no RFP We they're carbon. In already offshore another York them megawatts XXXX zero an another because participate the X,XXX in have of XX opportunities XXXX XXX Page megawatts through for in are York. companies lease significant In Secretary for the December at megawatts. which XXXX number auction additional of which of Massachusetts XXXX. Zinke them interest X,XXX looking megawatts In Island which up XX, RFP announced the now. point, can Ryan Rhode us. and by areas in in megawatts in to Connecticut in X.X X,XXX XX May announced has leases looking proposals to megawatts Massachusetts. qualify by targets megawatts just We're an offshore at also been New terawatt megawatts XXXX megawatts. has awarded megawatts area submitted In we're they October Interior requiring April sent BOEM seeking that we X,XXX then looking this an additional of by they're and to to is but they they megawatts
see and XX, at I'll moving inventory we now. little we be XX quicker Page to call you years it which it away, Kitty projects now had a least Turning could thought is in Hawk would
application are Beach put There's gigawatts. area XXX,XXX potential miles have a We in for XXX% which XXX to at lease ownership for submitted Virginia offshore. that have megawatts XX three these up of acres has X.X The to we a grid which PJM.
for So XXXX expected. in the where is project has secured a getting queue wind gigawatts position an X.X has issued offshore gigawatts of XXXX. Energy with by now the of X Virginia demand Plan area objective
as RFP. this successful moved where as is So XXXX early it probably could be assuming we're timeframe up
began with which look really already is going highlights this RGE of the distribution tax crediting the customers I'm XXXX NYSEG at have rates once those to submitted proposed required X reflect the October Transmission Page in May. and by FERC and it revisions Connecticut New Now cost. XX%, X on rate, capture network Massachusetts Order is the those who you utilities rate along and approved. Berkshire the we'll the all to XX%. proceedings of on then some were to included and and to some XX in those they will know cases transmissions October difference to still, automatically pending and return there between effective turn the does benefits back the formula the the Maine Owner rate and NYPSC to RGE had starting this reform. with and ordered is that tariffs, as difference as York the in are NYSEG the and July New process defer has deferred creating England recovery except the customers tariffs in in are Massachusetts storm Gas tax we benefits.
for one rate file we in $XX same and million. more going XXXX did turning like is in demonstrated we actually our The in issues year its order over into trailing that the CMP XX the increase XX, and us I it some are PUC XXXX. acted storm recently reasonably occurred that line ordered time, preparation with October the At the a the for case they Maine. looks rain the to revenue think we had Page for need October to Now in major also and which to XXXX, earned wind Maine but of to by In return company be allowed an because returns going had response storm founded off.
the won't use to in file they to will rate that we to so asked we increase as $XX increase tax some million reform million ability least. rate revenue customers a the impact any won't be of see another earn $XX rate we at get however there liabilities, back customers Now for yet
XX% includes equity. ROE XX% and request a the Now
period Continued during decoupling spending $XX $X expect and and In was also expected million in CNG management increases, and the three-year decision XX% and third-year to able would proceeding. also this million update continued we we be initially a XX% along our X.X% equity, to to a moves decoupling resiliency and up settlement XX% our with vegetation ROE expect DIMP in also the XX% those to program be Connecticut, start to asked reached. case related for in in would December. the with rate we program. then It's capital and to the
audit, the and Earnings For New we're relatively case ongoing re-engaging quarter. ongoing, because actually are AMI discussions The of been in settlement filed this In the the the small. and Adjustment negotiations Measurement was storm but fourth delayed is Berkshire May. settlement management in they've effective April Massachusetts investigations, rates and now the York
May. for for and to rate file May RGE and gas by both NYSEG electric also by expect We cases
give issued October Turning FERC the ROE. order to Complaints New England the methodology. XX, an through FERC The I an on update XX and we'll TO's. IV the Page for on ROE
and because ROE a ROEs XX.XX% preliminary and reasonable XX.XX%. to and just of it and is this subject to ROE Complaint range prior I to Number of base And but say new the ROE a X.X% the applies we'll established applied was and XX.XX%. of is Now approach just reasonable change setting
XX this ROE and a see build would We approach benefit this XX lower December cap by would be days, to And go would from cap laid to cap base higher commission. up new the ROE out but another that Briefs are bottom, plus briefs would billion Now if the $X.XXX to slight [ph] the new new the on including are as by for and cap due the apply going XX.X%. the granted they're the goes ahead can versus incentives project. we see for base. the are various the over ROE chart the you actually have on that incentives we
XX.XX% CMP's by we So UI XX% capped and going is the a and of above at get currently that. transmission benefit
a megawatt Timing would our $XXX to Clean New with million Connect connect project for XX, and a capital Turning really Canadian that track are transmission EDCs. to Page cost. Massachusetts this. highlights our will project, approval on The Energy transmission the hydro-power It's England few X,XXX give process you right for expectations.
and XXXX. to by construction of late in expect way control We XXX% two-thirds. begin end right the go the of We already of operational XXXX
Our transmission industrial the corridors third forest. existing in in
XXXX. We approval project the of first quarter of the XXXX final end expect permits the all by and state by
the or secured the Border to I have Now even and way of want Canadian all went through to project the of starting. some all responding back here. history really make of the to to rights rights We well advanced end XX, XXXX, turning RFP. to of the go XXXX this We through to we up sure applying the Page in of
what nature-based key Massachusetts the was of - in Mountains relationship Maine the required May we of and see XXXX River Massachusetts going River in be We we MOU procedural that with Kennebec under XXD the an contract transition filing the hours application. the and support with and And approved awarded months contracts nonprofit about CPCN in we clean underway the we conservation energy timeframe to XXXX that Section with of expect tourism a and actually context will Rivers XXXX. DEP received this it the scheduled the Massachusetts second and by was. of process. group. already received December. RFP in communities. early and megawatt Maine infrastructure ahead in this X,XXX,XXX now the Western XXXX. report schedule was March for of announced going is XXXX in in Kennebec hearings the are to tunnel the Department with We for July. and We host it of of announced any Massachusetts are other project we're filed for NECEC be meetings amendments and from several Corporation puts with you'll FERC The our The all that just our in those the our approval now of Now year by had Act EDCs XXXX, to order, the XX% all this western Public We examiner's over filed along. And for investment the approvals expect day also October and is
receipt our other is economic key targets. the of year-end station, the all all the equipment So and procurement expect part converter with progressing approvals by XXXX on project the we
would to XXXX. be Contracts expect XXXX [ph] predicated by in Maine time Approval Approval we will throughout Turning project. and in XXXX that, needed then as construction in The see to track. came I The mid-XXXX. September needing The Environmental that we DEP we was in on be Page again We FERC we're and Impact by timed in local mid XX, completion of Certificate England should Massachusetts expect have by Study going come we're of of mid-XXXX. track. of to by And to from on is you approvals where study early. as Public XXXX. of that XXXX. And Presidential ISO-New Necessity can PUC and approval in August Maine the said should the Permit, that The Convenience on early The we is Corps that the them, now of early System municipal first, October end filed Assessment has mid-to-end that Army on the that's expect have the started was
are Page not also New lines, Resiliency storms we've for vegetation to a but would be $XXX of maintenance the million is in distribution we allow things outlook we in increased going impacts Networks and seen storms. so about address We've requesting the sky operating at aren't would the Turning our $XXX only don't, clearing capital this where is expenses of that these comprehensive do for $X cost as to we looking York million by that plan metering impacts to infrastructure call and XX, advance can also are ground and better Program. to Maine. billion only in long-term the we're about of we they management it,
deemed other the tree it appropriate. under wire, grounding poles, of replacing putting where things in be Some we're will doing,
major program for limit a this about mitigate to years. to comprehensive approval matter. case. very all will regulatory This storms minor initial program a subject and included XX be the in Maine CMP is the The up So to amounts that and from impacts and is
to of XXXX. the goes in awarded we're half local along from to really will first in projects York proceeding our and on not increase seeing already in to were filing the commitment the support our We're expect update rate We're we're we We the communities implementing in our the the fulfilling include target already RFP's, they're so in expectations. long-term New that And type key our this we're some plan of that meet dividend. New strategies. York as it and for advancing program.
$X.XX Doug earnings With of earnings to I'm $X.XX the our it for the adjusted who's Stuver, to to $X.XX reaffirming of part to the range go outlook XXXX and earnings lower going over So that per results. share Guiding the to of going financial we're to adjusted XXXX. share turn share. a $X.XX per the over
