customers Bob, season. important process. thank take commitment our deliver to that you this the sale wind our hope for this everyone, a out call and we'd after update offshore you, joining I on all off earnings diversity, summer time like on us progress and objectives ESG and value morning. some to having to and to both our achieve good on can Today, to you're you, close Thank
Starting X. on Slide
to million safely reliably X.X and working Here customers. at water Eversource, to we deliver energy clean tirelessly and are our
New all aspects to continues customers Connecticut, in on of Massachusetts results focus in steadfast Our our superior well serving our Hampshire. businesses and deliver
over half XXXX. significantly the in we decade bottom slide, XX the investments at first the years greatly increased months over customers. has XXXX months between end from of of see benefiting XX from of the nearly months X have can average through you The past in to As interruption are this made XXXX,
a top puts level industry reliability Eversource's the this As result, to in compared decile high performance peers.
average the experienced improved In dramatically. addition, customers has duration by occurs, an when outage
of investment relatively Our industry short of level is of high puts which result dedication peers. we work employees. the years decile our the skilled and in the a also states the of top outages compared in average reliability Eversource to This duration operate decile top and of in
market high the a as pricing much and side Turning We're supply us [ customer supply due pleased global gas and nicely, in to gas winter's experienced X, result. prices natural moderated we're our England. natural of Challenges have energy of customers supply in to the Slide bill. the in led on ] here to that war have historically some lower electricity improvement New our New seeing because dynamics This Ukraine constraints in energy England. prices summer, prices
In Connecticut residential residential Hampshire, of New of from hour of decreased remain new this kilowatt will XX% will a approximately rates hour supply customers per in this year into for the place X July in Massachusetts Massachusetts, rates effective year. January end of July went kilowatt to and the per X. rate approximately year. and Supply see August In decline in supply X and the XX% effect through Connecticut customers on
this do set bill. customers' profit reminder, on our by with customers from a our As accordance any of portion regulators, not guidelines we our earn purchased of power we in state behalf and
have gas FERC-sponsored infrastructure include other England. the commissioners that to advance that customers' offshore with other recent to forum it England. FERC new winter. state June, in included for come on natural and industry-leading higher long-term has continue pleased And to continuing discussed cost look Portland, our energy we stakeholders actively have well-attended energy down electric is prices and Maine, for a all from supply X end, meeting renewable months, to We Therefore, FERC our on in and engage this very gas solutions.
To energy and to increase seasonal resource efficiency while we're we in Senior policy infrastructure needed This and challenge The forward programs, summer some connect summer matters. onshore participated the electric to transmission generation in very key focused the in another was the leaders much existing this this retaining the expect reliability in XXXX across resources. in Lead coming that in remain to offset are usage helps discuss New with policymakers than New continuing relief energy customers that engagement winter. We in seen as topics prices
X. highlight our commitment to we inclusion XXXX and equity on Turning our posted our In governance to and social, publications Eversource's Slide along June, with equity stand-alone report, sustainability practices. report. website, diversity, environmental, These leading
already our emissions the from baseline carbon with of goal towards XXXX to X/X continue strong year We neutrality progress cut XXXX. our make of
initiatives To results. toward we're line insulator and emissions this on use down electrical fleet of hexafluoride sulfur as releases natural leaks, have facilities, of is drive sources gas loss, to by key in across emissions: used focused are our showing that continue energy The progressing our we an target, equipment. X fuel implemented many use
overall renewable enabling emissions In from XXXX gas pipes ranged XX% natural a for efforts capacity reduction. the vehicles seen in more have to for These buildings. our investing hybrid from replacing XXXX, to grid fact, procuring leak-prone and energy aging renewables to we've on
And heating sector. carbon or pilot our breaker We're and the evaluating will also pursuing sulfur project replace as enable electric include gas These a natural featuring to used solutions molecules. a solutions potential pilot in to decarbonized low innovative that such hexafluoride-free explore system. continue our geothermal with we first-of-its-kind a zero
among that we through our know, expanding to submitted target handful target. best in efforts an us to also commitment leaders science-based many we're of places science-based have emission by a our you adopt a targets industry XXXX. to plan ambitious U.S., of As reduction a Committing and the is the practice
vehicle offshore clean Turning in energy storage, In wind, million battery nearly effort. first-of-a-kind Massachusetts. pilot including our now to network we clean charging energy electric utility-scale invested XXXX, and geothermal energy, $XXX in
announced we clean offshore of assets, energy wind to plans Although the divest committed our remains development solutions. important Eversource supporting regional of to
Slide X, initiatives clean energy many reflects the energy to underway Massachusetts clean in transition. the enable
framework investments to to As our approximately FERC-approved This this would see million, of energy transmission years. slide, grid. regulatory the on $XXX constructive billion X that has you can Massachusetts includes a our interconnect wind over clean will next $X generation projects facilitate over offshore enable that
procured of issues, And Massachusetts grow additional expect for potentially offshore next interconnection the its offshore We to generation when need could generation. transmission $XXX wind see an RFP additional we region. million can certainly, investment transmission for is as additional this
region. emphasize gas reliance for continue the investments generation increased in to on support help to the We the system current generation natural electrification and need distributed ease to
Here at protecting Eversource, we the people clean industries disadvantaged that on an are at energy and clean focused being while transition. of also enabling This risk are transition, means transition. we're enabling communities, focused equitable on energy in
Now moving wind. to offshore
cable of We of through Wind U.S. the the Fork continue X, is the subsea onshore cable our here in substation recently transmission Construction joint with recently major and As and were Ørsted. to project. substation achieved development the Slide progress on the project's offshore with built offshore projects complete some transmission milestones of completed. our make we the installation wind you venture South and see
preassembly in Additionally, London, turbine towers and offshore Connecticut, is wind begin of will underway New installation soon.
power farm offshore on become enough nation's progress make wind is in Federal XX,XXX utility-scale nearly we first completed good the Wind energy Also, Revolution Fork will Wind to soon continue on deliver renewable our homes. to track project. waters and South to clean
the for construction we from and over our record BOEM, received months. impact plan the setting As next July operations process and of environmental on XX, few approvals statement the decision
lease area we closing. all-cash announced in approval In $XXX we Ørsted toward on transaction Last to way lease million our transaction. clearing the an the of Federal for sale received May, week, the uncommitted
the working interest for development We transaction projects. finalizing of the the are our sale on now in X
commercial this terms on We have the transaction. diligence phase due substantially completed and
near line up now deal. are this of goal We the truly wrapping
We to soon. and are now the transaction through announcement expect this an agreements working needed complete to various make
X. Slide to Moving
on changed the XX% as spending But you we costs our close has toward the that activities Wind. As to Revolution changed are sale see now our of wind getting charge expected is have well can X at offshore projects. what procurement for as forward construction wind investments. as in are the John offshore not commencing dates in-service on on projects will impairment for path here, the X the projects some the visibility these discuss
today, That team water reliable and and to enable prouder have mind of every clean with to means the XX,XXX commitment investments X deliver enabling effort customers' We've our great closing, a clean needs, to come. the and energy the our customers into sure made and tomorrow to safe couldn't excitement. performs serve Clean to the making years be we well. and continue service the provide transition to In future. investments I make understand future, employees, necessary future the we appropriate the toward a I to in and Energy continuing goal that I for our Eversource look day, forward as making energy our nearly focus
over to for will the and time, call Thank you I again your turn Moreira. now John