The dramatic decrease in second-quarter earnings also resulted in a decrease in
“We really can’t defer the cost for future recovery at our utilities,” Torgerson said.
He also blamed transmission line outages and the startup costs at two of
“As we look to the remainder of the year, we will continue to focus on the execution of our capital investment plan as well as effectively managing our operating costs,” he said.
Torgerson said there were several positives that came out of
For starters, he said the company completed the sale of its
Torgerson also cited
The Vineyard Wind project is projected to get all the necessary regulatory approvals it needs by 2020. But even without those approvals yet in place,
“The way that these large offshore projects are split up, they’re put into several big packages, so you’ve got the turbine packages, you’ve got the underground cable packages, the offshore substation packages and so forth,”
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