Avangrid

AVANGRID, Inc.
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, Oregon, 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.com

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 purchase 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]

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. ↑

External links


This article is issued from Wikipedia - version of the 10/27/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.