Avangrid

In 2008 Iberdrola S.A. purchased Energy East.Securities and Exchange Commission https://www.sec.gov/Archives/edgar/data/1046861/000104686108000095/e10q2q08.htm#legalproc Iberdrola renamed the company Iberdrola USA.{{cite news|url=http://www.rbj.net/article.asp?aID=182269|title=Energy East becomes Iberdrola USA|first=Thomas|last=Adams|date=2009-12-07|newspaper=Rochester Business Journal|location=Rochester, New York|access-date=2009-12-07|archive-url=https://web.archive.org/web/20110717232803/http://www.rbj.net/article.asp?aID=182269|archive-date=2011-07-17|url-status=dead}}

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.{{Cite web|url=https://www.newstatesman.com/business/energy/2012/07/direct-energy-acquires-iberdrola-usa-subsidiaries-%C2%A371m|title=Direct Energy acquires Iberdrola USA subsidiaries for £71m|website=www.newstatesman.com}}

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.{{Cite web |last=Kurane |first=Supriya |date=26 February 205 |title=Spain's Iberdrola to buy UIL Holdings for about $3 billion |url=https://www.reuters.com/article/idUSKBN0LU07B/ |access-date=20 June 2024 |website=Reuters}}{{cite news |url=http://www.greentechmedia.com/articles/read/Iberdrola-USA-and-UIL-Merge-to-Form-Utility-Giant-Avangrid |title=Iberdrola USA and UIL Merge to Form Utility Giant Avangrid |first=Katherine |last=Tweed |date=2015-12-18 |work=Green Tech Media}}

Avangrid won an auction for an offshore wind area near North Carolina by bidding $9 million in March 2017.{{cite web|url= https://www.boem.gov/North-Carolina/ |title=North Carolina Activities |publisher=Bureau of Ocean Energy Management |access-date=18 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.{{Cite news|url=https://www.stamfordadvocate.com/business/article/Orange-based-utility-gives-2-million-grant-to-12375936.php|title=Orange-based utility gives $2 million grant to support state electric vehicle rebate program|date=2017-11-22|work=StamfordAdvocate|access-date=2018-11-24}} The company also installed electric vehicle charging stations at several of its facilities.{{Cite web|url=http://www.govtech.com/fs/Advocates-Urge-Connecticut-Utility-Regulators-to-Plan-for-EVs.html|title=Advocates Urge Connecticut Utility Regulators to Plan for EVs|website=www.govtech.com|language=en|access-date=2018-11-24}} 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.{{Cite news|url=http://www.news12.com/story/38832578/avangrid-holds-first-electric-vehicle-fair|title=Avangrid holds first electric vehicle fair|access-date=2018-11-24|language=en}}

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.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.

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.{{Cite web |date=2024-07-09 |title=Avangrid sells Kitty Hawk North offshore wind lease to Dominion |url=https://finance.yahoo.com/news/avangrid-sells-kitty-hawk-north-083220016.html |access-date=2024-07-09 |website=Yahoo Finance |language=en-US}}{{Cite web |date=2024-07-09 |title=Dominion to buy Kitty Hawk offshore wind lease from Avangrid for $160 million |url=https://www.whro.org/environment/2024-07-09/dominion-to-buy-kitty-hawk-offshore-wind-lease-from-avangrid-for-160-million |access-date=2024-07-09 |website=WHRO Public Media |language=en}}

In 2024, Iberdrola reached an agreement to purchase the remaining 18.4% that it did not control in Avangrid for USD 2,551 million.{{Cite news |date=May 17, 2024 |title=Avangrid to Be Acquired by Iberdrola |url=https://www.businesswire.com/news/home/20240517716418/en/Avangrid-to-Be-Acquired-by-Iberdrola |work=Business Wire}}

• Avangrid Renewables
• Berkshire Gas Company (BGC)
• Central Maine Power (CMP)
• Connecticut Natural Gas (CNG)
• New York State Electric & Gas (NYSEG){{Cite web |date=14 February 2024 |title=Avangrid Subsidiaries NYSEG and RG&E Deliver Best Reliability in Five Years |url=https://www.businesswire.com/news/home/20240214402357/en/Avangrid-Subsidiaries-NYSEG-and-RGE-Deliver-Best-Reliability-in-Five-Years |access-date=25 June 2024 |website=Businesswire}}
• Rochester Gas and Electric (RG&E)
• Maine Natural Gas (MNG)
• Southern Connecticut Gas (SCG)
• The United Illuminating Company (UI){{Cite web |last=Turmelle |first=Luther |date=14 May 2024 |title=Avangrid says its plan to invest $191M in CT gas companies, UI hinges on legal, regulatory rulings |url=https://www.ctinsider.com/business/article/ct-avangrid-ui-natural-gas-rates-investment-19450421.php |access-date=25 June 2024 |website=CT Inisder}}

{{Reflist}}

• {{official website|http://www.avangrid.com}}

{{Finance links historical

| symbol = AGR

| sec_cik = 1634997

| google = AGR:NYSE

| yahoo = AGR

| bloomberg = AGR:US

| reuters = AGR.N

}}

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Category:Energy in New England

Category:Electric power companies of the United States

Category:Natural gas companies of the United States

Category:Energy in New York (state)

Category:Companies formerly listed on the New York Stock Exchange

Category:Iberdrola