Eversource exiting offshore wind business
Utility to take a charge of $220m-$280m in second quarter
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EVERSOURCE, New England’s largest utility, said on Thursday that it plans to exit the offshore wind business and write down the value of its holdings by $220 million to $280 million. The utility said it is selling its 50 percent stake in an undeveloped 175,000-acre lease area 25 miles off the coast of Massachusetts for(...)