Eversource(ES) - 2022 Q4 - Earnings Call Transcript

Sure. Angie, this is John. I can assure you, you will not see an impairment in our 10-K when we file it tomorrow. But with that said, let me give you kind of the key drivers of that. Number one, different accounting. Ørsted is under international accounting standards. The joint venture is under GAAP -- US GAAP, and it's a different calculation as to how you assess an impairment, okay? Angie Storozynski Well, I think, the clarity from the IRA was effective beginning this year, right? So they will have to iss ...