Avangrid

AVANGRID, Inc.
Public
Traded as NYSE: AGR
Russell 1000 Component
Industry Energy and Utilities
Predecessor Energy East and Iberdrola USA
Headquarters Orange, Connecticut, United States
Area served
 New York, New England
Services hydroelectric generation, electric transmission and distribution, natural gas distribution, propane/air distribution, energy services
Number of employees
 7,000
Subsidiaries Avangrid Renewables, Berkshire Gas, Central Maine Power, Connecticut Natural Gas (CNG), Maine Natural Gas, New York State Electric & Gas (NYSEG), Rochester Gas and Electric Corporation (RG&E), Southern Connecticut Gas (SCG), and United Illuminating (UI)
Website www.avangrid.com

AVANGRID (formerly Energy East and Iberdrola USA), is an energy services and delivery company. AVANGRID serves about 3.1 million customers throughout upstate New York and New England in the United States.[1]

History

In 2008 Iberdrola USA purchased Energy East.[2] Iberdrola renamed the company Iberdrola USA.[3]

In November 2010, Iberdrola USA sold its gas distribution companies in Connecticut and Massachusetts, the Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and the Berkshire Gas Company, to UIL Holdings Corporation.

In 2012, Iberdrola USA sold its energy services companies, Energetix and NYSEG Solutions, to Direct Energy.[4]

In February 2015, Iberdrola USA announced that it had entered into a merger agreement with UIL Holdings Corporation under which UIL Holdings Corporation would merge into a subsidiary of Iberdrola USA, Inc. In December 2015, "Iberdrola USA finalized its acquisition of UIL Holdings ... to create a new company, AVANGRID, which will be listed on the New York Stock Exchange as AGR."[5]

Avangrid won an auction for an offshore wind area near North Carolina by bidding $9 million in March 2017.[6]

Subsidiaries

See also

References

  1. ↑ "AVANGRID | About Us". www.avangrid.com. Retrieved 2016-08-18.
  2. ↑ http://www.rge.com/MediaLibrary/2/5/Content%20Management/Shared/OurCompany/PDFs%20and%20Docs/ibdclosing917.pdf
  3. ↑ Adams, Thomas (2009-12-07). "Energy East becomes Iberdrola USA". Rochester Business Journal. Rochester, New York. Retrieved 2009-12-07.
  4. ↑ Direct Energy acquires Iberdrola USA subsidiaries for £71m
  5. ↑
  6. ↑ "North Carolina Activities". Bureau of Ocean Energy Management. Retrieved 18 March 2017.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.