better start results reflect for resource during a the and assets the morning, the service for good third quarter, with quarter. to improved the performance new wind everyone financial you and in joining Thanks, X call. positive had due to I'm going page thank and production on Renewables which really Patricia, and
last net year-over-year. up the XXXX or third income net of share, was XX% $XXX which a million was a or for about $X.XX was line $X.XX Year-to-date share million year. with So $XXX quarter income in
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to continue strategic really make on executing We plan. our good progress
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over Connect executed the Clean We have in commissioned our XXX on have we Energy second our to on XXX renewable in X,XXX under megawatts track our wind Concerning year-to-date outlook onshore purchase power transmission megawatts projects, approximately megawatts of New Moving agreements exceeding we start quarter construction. is really and England XXXX. of long-term construction project target.
II for General executed in repowering wind our Oregon. of third onshore quarter, new Klondike PPA the we XX-megawatt Electric project Portland During with the
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Massachusetts Vineyard offshore in bids the bids expected to project and And offshore Wind and to expected winning in Wind separate the wind issue Impact announced Connecticut by a For BOEM Supplemental Statement the our be Environment during XXXX. late quarter they're XXXX is Vineyard early November. third submitted RFPs
on are million track the In of staging addition York. we savings XXXX nine pre-tax on about million outage savings first in $XX achieved to XXXX+ in our of higher the New This particularly pre-tax it's and the costs $XX restoration months. $XX in million range achieve helping mitigate our to impacts in to Forward plan is
designed means part are As our performance. improve an specifically Connecticut, and development efficient to relocating presence roles investment to more senior coordination Coast be and Renewables business East better of business. will the strategic communications enable decision-making continued The organizational transformation and we leadership some to developing for origination change we
leadership growth also Renewables help that We to leaving in us the she'll to notably be of are designed Beane decided that announced changes the Laura organization. some has
do respect greatest we been the all for been years made President AVANGRID has De really who she's leading the the Hoz, contributions CEO well of Laura and business offshore and have Alejandro her two to last has Renewables. we Now, wish for U.S. for and as appointed the thank her AVANGRID.
very on staying the prospects to with this going for a is assist end of this optimistic the deliver exciting of it. and through I'm and AVANGRID for team the the Laura time really our Now Renewables is March business transition. And growth to of to us ability
there X. impact the the third in a earnings impacted quarter adjusted noted several per large by from per this Moving excluded factors that was in that earnings quarter Note on earnings share. GAAP to which the slide, positively the Slide impacted mark-to-market share most per share are were notably
quarter earnings outage storm then minor per And the to by Renewables. in 'XX, in expenses adjusted positive costs, was offset performance of Corporate the share by staging were restoration For third non-deferrable expense interest lower Networks. driven compared in primarily including which quarter, increased the
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per savings the mitigate $X.XX earnings a costs by the and versus XXXX+ impacts interest $X.XX $X.XX about in higher to from primarily driven by wind savings a adjusted higher staging to Corporate mid-period provided share assessment in expense. our quarter. first helped particularly share decreased outage NYSEG lower The expectations. Forward restoration The a mid-period For production assessment
Now $X.XX share. expectations today, guidance to our due per we in are really estimate revising upward to XXXX per $X.XX the from $X.XX consolidated $X.XX consolidated we're previous to our XXXX adjustment GAAP changes share, per $X.XX to outlook affirming outlook to mark-to-market and earnings of share earnings of $X.XX U.S.
from and RG&E in New NYSEG filed requesting business to on Networks the rate new cases our one-year In Moving highlights Slide May on rates. X. York,
increase We ratio on vegetation plan, additional capital program and a for to cycle a at ROE are requesting X.X% resiliency five-year includes XX% an our for which management the in a NYSEG equity and AMI. proposing also
will XXXX. approximately of per it's XX%. effective vegetation of proposed They XXX% agreed rebuttal X.X% AMI October staff suspension proposal ROE $XX The XX year. company management April and an date XX, million The on rates million and and on with assuming the to from plan an equity and for filed began increase new company resiliency be an months $XX settlement October of period for XXXX XX of negotiations Now XX. recommended
with positively The increased expected to infrastructure, impacts over costs management staging qualified substantially cases reduced will to and restoration and the future linemen hires support aging retirements be by trimming mitigate the costs, apprentice rate treatment replace future impacted and for costs to the are outages outage tree the increased of Now NYSEG investment time. vegetation of staging programs and internal resources.
cost As I be to would defer the in would the mechanisms York through be said, Maine. outage implemented and or recover XX% we regulatory experienced of able in that New XXXX about
expected the early That case, first October has was quarter of ongoing targeted of Slide is XXXX. On Maine in in decision X, originally CMP for rate but XXXX.
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proposed and to rate it have the call are of we'll from $X million storms million We storms or normal minor Tier increasing annually. a these allowance $X.X one
XX% million issues. staff establishment customer company recommended equity of organizational an case with by rate is ROE the establishment Maine. energy due the lowering an and service of pilot of changes X.XX%, August, with a points and basis XXX the assessment completion link The benefit recommending Staff $X In to Efficiency metering proposed the CMP customer to the fund, response and plus Maine to of ROE the of an docket. billing customer XX the PUC decided and billing
billing hearings five and November decision begin expected docket, will CMP the XX. December on metering by and For a
megawatts New $XXX concerning deliver Clean Now our England New Canadian will project million on transmission of Energy that Connect Slide XXXX in the hydropower England grid. X
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Protection in early necessary. DEP Maine Commission Land are order expected determining the were of Planning the and Based joint XXXX. vote In quarter Planning deliberation Environmental additional and this, of issued Maine Commission no Department October, the hearings decision procedural first the Land that Use on Use
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X,XXX and that contracts are construction come so and we XXX signed XXXX. XXXX megawatts online And expected to have megawatts of we have under between
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is plan track. repowering also Our on
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earnings transfer per close two year We impact for depend amount share. the the expect to $XXX to $X.XX expected for recorded sale this fourth The the share is the of this of XXXX year exceed the of quarter final transaction actual the each proceeds. in timing assets. will of a the control million projects a on But in
farm Slide revised cumulative project. and Partners, Infrastructure megawatt determined Copenhagen to impact. This with XX, on review Impact affects the our Wind the Bureau need all projects or Energy Now our XXX in Supplemental to wind offshore Study the specific Management coast Atlantic offshore to BOEM venture joint Environmental file Ocean not concerning is a Vineyard a on wind of complete
We expect by Record the XXXX early by And of Impact Decision early complete of Supplemental XXXX. quarter final then Study second the Environmental XXXX. the to BOEM end
completed been has schedule undersea farm export on recently settlement to permitting Conservation an the the the to formal Edgartown grid. milestones electric agreement with transmission connect cable no including The issued. allow Commission offshore project has wind mainland the route Although other corridor
stakeholders, Decision. have the the strong key project of Record has industry supply of senators, Wind's associations, urged a Department Interior the from Vineyard and to addition multiple chain In of support governor, initiatives BOEM, expedite
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would that supplement are technology business case. including improvements the We rotors considering larger
on up mind, wind, are offshore owned is Massachusetts Connecticut's submitted share could gigawatts second XX, accommodate with In CIP. RFP two in two wind RFPs. and in this wind of to gigawatts, Wind leases holds and the Slide sites and Massachusetts keep jointly offshore Vineyard Vineyard three our XX%. These to offshore bids respectively Wind to that
plan X,XXX In to and Connecticut, in be winning and submitted required for megawatts. megawatts, X,XXX including Vineyard XXX-megawatt is XXX RFP The bid bids expected the Wind a to November. megawatts, options selected
in year to per in million Now, by $X.X costs. $X.X regional the direct gas ratepayers up project up billion will to tons reduce economic benefits emissions and save over energy billion greenhouse generate X.X and
X the to LLC announce supply wind to Now, with partnership cable in offshore first cores. Tier Utility Marmon supplier offshore inter-array create the we a did U.S.
and to collaborative We and with earliest wind proposed COD is programs, workforce establish pilot expected offshore The significant an to up for development as research activities initiatives, $XX.X many Bridgeport Connecticut hub million more in XXXX. partners.
Vineyard and megawatts. is also required submitted XXX announced two Massachusetts into RFP offshore megawatts with While Wind Massachusetts be wind selection the the Xth. XXX The November proposal expected of of second to options bids
the Now, job port and significant proposals infrastructure opportunities. creation include investment
Turning to XX. slide now
from Renewables. XXXX Our -- from pre-tax on on XX% track $XX come savings our and Corporate, the achieve Networks XX% it remaining from in million update We're which $XX million in of the shows Forward plan. an to to would range XXXX+ XX% of
spend to savings spans of optimization organizational tax capitalization, transition wind achieved improvements. structure, for nine months, control our to labor additional by delivered management in In a also the the have about through been initiatives driven the $XX XX%, and million model about co-source of first the we availability
both implementing our we're process of and Now to in cost office, these service also and be automation, Which collection beyond. and our will our reduce reflected most billing will processes credit customers front XXXX in automating and departments. enhance robotic
Year-to-date Renewables Networks six the year. savings including Corporate. the XX% By XX% delivered from quarter, the first XX% $XX third in of million achieved of and pre-tax the in months quarter allocation XX% the were and
energy execute through build we by strategy solutions. deliver On smarter we clean the slide the in on investing XX. and long-term and energy In customers continue grid innovative growth our as conclusion, sustainable future of our to serve to
our continue while on businesses XXXX+ focused sheet are and to contracted we programs like We core best-in-class and balance regulated operational we Forward a maintain execute for strong efficiency.
going it I'm to now over Stuver turn our Doug And to CFO.
