Avangrid
 | |
| Public | |
| Traded as | NYSE: AGR |
| Industry | Energy and Utilities |
| Predecessor | Energy East and Iberdrola USA |
| Headquarters |
New Haven, Connecticut; New Gloucester, Maine; Rochester, New York; and Portland, Maine, 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 |
| Parent | Iberdrola |
| 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 (formerly Energy East and Iberdrola USA), is an energy services and delivery company. A subsidiary of Spanish energy company Iberdrola, S.A., 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] In 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
- Avangrid Renewables
- Berkshire Gas Company
- Central Maine Power (CMP) - supplies power to more than 560,000 people in southern and central Maine
- Connecticut Natural Gas (CNG)
- New York State Electric and Gas (NYSEG) - supplies power and gas to a large portion of New York state
- Rochester Gas and Electric (RG&E) - supplies power and gas to customers in the Rochester, New York area
- Maine Natural Gas (MNP) - a natural gas company serving customers around Augusta and Brunswick, Maine
- Southern Connecticut Gas (SCG)
- United Illuminating (UI)
See also
References
- ↑ "AVANGRID | About Us". www.avangrid.com. Retrieved 2016-08-18.
- ↑ http://www.rge.com/MediaLibrary/2/5/Content%20Management/Shared/OurCompany/PDFs%20and%20Docs/ibdclosing917.pdf
- ↑ Adams, Thomas (2009-12-07). "Energy East becomes Iberdrola USA". Rochester Business Journal. Rochester, New York. Retrieved 2009-12-07.
- ↑ Direct Energy acquires Iberdrola USA subsidiaries for £71m
- ↑
- ↑ "North Carolina Activities". Bureau of Ocean Energy Management. Retrieved 18 March 2017.