Avangrid

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Energy company in the United States

title: "Avangrid" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["energy-in-new-england", "electric-power-companies-of-the-united-states", "natural-gas-companies-of-the-united-states", "energy-in-new-york-(state)", "companies-formerly-listed-on-the-new-york-stock-exchange", "iberdrola"] description: "Energy company in the United States" topic_path: "geography/united-kingdom" source: "https://en.wikipedia.org/wiki/Avangrid" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Energy company in the United States ::

::data[format=table title="Infobox company"]

FieldValue
nameAvangrid, Inc.
logoAvangrid Logo 2023.svg
logo_altAvangrid's logo as of 2023.
logo_captionLogo used since 2023. It is based on the Iberdrola logo.
typeWholly-owned subsidiary
traded_as
predecessorEnergy East and Iberdrola USA
defunct
area_servedNew York, New England
key_peopleJosé Antonio Miranda, CEO
industryEnergy and Utilities
serviceshydroelectric generation, electric transmission and distribution, natural gas distribution, propane/air distribution, energy services
num_employees7,000
parentIberdrola
subsidAvangrid 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), NM Green Holdings INC and United Illuminating (UI)
homepage
foundation
location_cityOrange, Connecticut
location_countryUnited States
::

| name = Avangrid, Inc. | logo = Avangrid Logo 2023.svg | logo_alt = Avangrid's logo as of 2023. | logo_caption = Logo used since 2023. It is based on the Iberdrola logo. | type = Wholly-owned subsidiary | traded_as = | predecessor = Energy East and Iberdrola USA | successor = | founder = | defunct = | fate = | area_served = New York, New England | key_people = José Antonio Miranda, CEO

| industry = Energy and Utilities | products = | services = hydroelectric generation, electric transmission and distribution, natural gas distribution, propane/air distribution, energy services | revenue = | operating_income = | net_income = | assets = | equity = | owner = | num_employees = 7,000 | parent = Iberdrola | divisions = | subsid = 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), NM Green Holdings INC and United Illuminating (UI) | homepage = | footnotes = | intl = | foundation = | location_city = Orange, Connecticut | location_country = United States | location = | locations = Avangrid, Inc. (formerly Energy East and Iberdrola USA), is an energy services and delivery company. Avangrid serves about 3.1 million customers throughout New England, and New York in the United States.

History

In 2008 Iberdrola S.A. purchased Energy East. Iberdrola renamed the company Iberdrola USA.

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.

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, the acquisition was finalized and the company announced a new name, AVANGRID.

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

Avangrid supports the adoption of electric vehicles. In 2017, Avangrid donated $2 million to the Connecticut Hydrogen and Electric Automobile Purchase Rebate program. The program was launched in 2015 and gives money in the form of rebates to consumers who purchase zero-emissions vehicles, which includes electric vehicles. The company also installed electric vehicle charging stations at several of its facilities. In 2018, Avangrid held an "electric vehicle fair" for its employees, with the goal of enabling these employees, if they so chose, to purchase electric vehicles.

In 2021, Avangrid's subsidiary, Central Maine Power Company, was fined $360,000 for violating standards for industry testing. These standards are intended to maintain electrical stability and prevent electrical outages.

In July 2024, Avangrid sold the company's Kitty Hawk North offshore wind lease to Virginia Electric and Power Company, a subsidiary of Dominion Energy, for $160 million.

In 2024, Iberdrola reached an agreement to purchase the remaining 18.4% that it did not control in Avangrid for USD 2,551 million.

Subsidiaries

References

References

  1. Dev, S.S.. (25 June 2025). "Pedro Azagra, CEO of Avangrid, Appointed As The New CEO Of The Iberdola Group". Solo Quarter.
  2. "AVANGRID {{!}} About Us".
  3. Securities and Exchange Commission https://www.sec.gov/Archives/edgar/data/1046861/000104686108000095/e10q2q08.htm#legalproc
  4. Adams, Thomas. (2009-12-07). "Energy East becomes Iberdrola USA". Rochester Business Journal.
  5. "Direct Energy acquires Iberdrola USA subsidiaries for £71m".
  6. Kurane, Supriya. (26 February 205). "Spain's Iberdrola to buy UIL Holdings for about $3 billion".
  7. Tweed, Katherine. (2015-12-18). "Iberdrola USA and UIL Merge to Form Utility Giant Avangrid". Green Tech Media.
  8. "North Carolina Activities". [[Bureau of Ocean Energy Management]].
  9. (2017-11-22). "Orange-based utility gives $2 million grant to support state electric vehicle rebate program". StamfordAdvocate.
  10. "Advocates Urge Connecticut Utility Regulators to Plan for EVs".
  11. "Avangrid holds first electric vehicle fair".
  12. Turkel, Tux (June 9, 2021). "[https://www.newspapers.com/image/832030974/ CMP Fined $360,000 for Violation of Transmission Testing Standards]". ''Portland Press Herald'' (Portland, Maine). Sun-Journal (Lewiston, Maine). p. C8.
  13. (2024-07-09). "Avangrid sells Kitty Hawk North offshore wind lease to Dominion".
  14. (2024-07-09). "Dominion to buy Kitty Hawk offshore wind lease from Avangrid for $160 million".
  15. (May 17, 2024). "Avangrid to Be Acquired by Iberdrola". Business Wire.
  16. (14 February 2024). "Avangrid Subsidiaries NYSEG and RG&E Deliver Best Reliability in Five Years".
  17. Turmelle, Luther. (14 May 2024). "Avangrid says its plan to invest $191M in CT gas companies, UI hinges on legal, regulatory rulings".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

energy-in-new-englandelectric-power-companies-of-the-united-statesnatural-gas-companies-of-the-united-statesenergy-in-new-york-(state)companies-formerly-listed-on-the-new-york-stock-exchangeiberdrola