Welcome to our dedicated page for Avangrid news (Ticker: AGR), a resource for investors and traders seeking the latest updates and insights on Avangrid stock.
Avangrid Inc. (NYSE: AGR) operates at the intersection of regulated utilities and renewable energy innovation, serving millions across key U.S. markets. This dedicated news hub provides investors and industry observers with essential updates spanning earnings announcements, regulatory developments, and renewable energy project milestones.
Key resources include: Quarterly financial results, strategic partnership disclosures, grid modernization initiatives, and wind power expansion updates. Our curated collection ensures transparent access to material events shaping AGR's position in the evolving energy landscape.
Bookmark this page for streamlined tracking of operational developments across both utility segments - including electric/gas distribution in New York and New England - and renewable operations managing over 8.6 GW of clean energy capacity. Stay informed about critical filings, leadership updates, and sustainability commitments through verified primary sources.
Avangrid's subsidiary, Central Maine Power (CMP), has been awarded a $31.8 million federal grant to deploy innovative grid technologies in Maine. The grant, funded by the Bipartisan Infrastructure Law, will support the implementation of Active Network Management (ANM) and Dynamic Line Rating (DLR) to enhance renewable energy integration and grid protection. This award brings Avangrid's total federal funding to nearly half a billion dollars in one year, including projects like the Aroostook Renewable Project and the Shaw Mill Project.
The smart grid technologies will help connect more clean energy to Maine's power grid while preventing overloading, supporting the state's climate goals. Governor Janet Mills emphasized the importance of strengthening and modernizing Maine's electrical infrastructure to reduce fossil fuel dependence and embrace clean energy. The grant is part of the U.S. Department of Energy's Grid Resilience and Innovation Partnerships (GRIP) program and aligns with Maine's Flexible Interconnections and Resilience for Maine (FIRM) project.
Avangrid, Inc. (NYSE: AGR), a sustainable energy company and Iberdrola Group member, has been recognized as one of the 100 Best Corporate Citizens of 2024 by 3BL. The company ranked #3 among Utilities in this prestigious list, which evaluates the largest U.S. public companies based on environmental, social, and governance performance.
The ranking assessed 1,000 companies across seven pillars, including climate change, employee relations, environment, and governance. Avangrid's CEO, Pedro Azagra, highlighted the company's commitment to sustainable solutions, emissions reduction, and improving customer and employee lives. Laney Brown, VP of Sustainability, emphasized Avangrid's dedication to transparency and supporting stakeholders in the clean energy transition.
The 2024 methodology introduced new factors to measure progress on key issues such as greenhouse gas emissions, energy and water use, and workforce diversity. The ranking relies solely on publicly available data published between August 2023 and August 2024.
Avangrid (NYSE: AGR) has won the E Source award for Achievement in Residential Customer Experience (CX). The award recognizes the substantial and positive impact of Avangrid's Customer Experience and Digital Center of Excellence (CoE) team. This cross-functional unit is dedicated to rethinking the end-to-end customer experience, consolidating strategy, digital product development, marketing, research, and journey redesign.
The CoE has contributed to significant improvements, including:
- Reduced hold times for new connections in New York
- 200% improvement in Net Promoter Score for move-in/out services
- Increased e-billing enrollment
- 50% increase in Outage Alerts enrollment
With over 80% of customer interactions occurring through digital channels, the CoE is important to achieving Avangrid's customer satisfaction goals. The company serves customers in Connecticut, Maine, New York, and Massachusetts, focusing on delivering safe and reliable energy through a compelling customer experience.
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company, has been awarded two 2024 American Inhouse Design Awards by Graphic Design USA magazine. The company's design team won for their work on the 2022 Avangrid Sustainability Report and for corporate building signage and New York State Electric and Gas (NYSEG) vehicle graphics.
The 61st Inhouse Design Awards, a premier celebration of inhouse design excellence, selected winners from over 5,000 entries across various sectors. Avangrid's CEO, Pedro Azagra, praised the talented graphic designers for their work reflecting the company's commitment to sustainability.
Avangrid's corporate brand and image team consists of two inhouse designers with over 50 years of combined experience. Their deep understanding of the brand ethos enables them to create innovative designs that showcase Avangrid's dedication to a brighter future.
Avangrid (NYSE: AGR), a sustainable energy company and Iberdrola Group member, has announced key appointments to its People & Organization (P&O) leadership team. The changes include:
1. John O'Neil as Senior Vice President of P&O
2. Khadijah "Kay" Johnson promoted to Vice President of Reward
3. Anna O'Connell promoted to Vice President, Business Partners
4. Paul Visconti promoted to Vice President of HR Operations
5. Rick Bruno as Interim Vice President of Health and Safety
CEO Pedro Azagra expressed confidence in the new team's ability to drive recruitment, retention, and employee advancement efforts. These appointments aim to support Avangrid's growth in Renewables and Networks businesses while maintaining its commitment to clean and reliable energy provision.
Avangrid (NYSE:AGR) has announced the schedule for its third quarter 2024 financial results release. The company will publish its earnings information on Tuesday, October 22, 2024, after the market closes. Investors can access the financial results through the Investors' section of Avangrid's official website. Additionally, Avangrid will distribute a news release via Business Wire on the evening of October 22nd, which will include a direct link to the financial results on the company's website.
Avangrid, Inc. (NYSE: AGR) has strengthened its Government and Regulatory Affairs team to enhance stakeholder engagement across New York, Connecticut, and Maine. CEO Pedro Azagra recently met with the team's senior leadership to discuss priorities for the year. The company's advocacy efforts have led to significant achievements:
1. The New York Utility Securitization Act was signed into law, benefiting nearly 1.9 million NYSEG and RG&E customers. This allows Avangrid subsidiaries to address over $750 million in legacy storm debt and improve financial health.
2. In Maine, Central Maine Power hosted a stakeholder meeting to gather feedback on climate change efforts and integrated grid planning, focusing on system resiliency, economic growth, electrification support, and increasing renewable energy connections.
Avangrid (NYSE: AGR) has been awarded a $425 million federal capacity contract for its Aroostook Renewable Project by the U.S. Department of Energy (DOE) through the Transmission Facilitation Program. This contract is one of the largest federal investments in Maine's energy development history. The Maine Public Utilities Commission (MPUC) is also preparing to issue a Request for Proposals (RFP) for a transmission line to connect 1,200 megawatts of renewable energy to the New England power grid. Avangrid plans to participate in this RFP, incorporating the awarded contract into its proposal. The project aims to support clean energy goals by developing a high-voltage line to alleviate transmission constraints in Northern Maine. Additional benefits include job creation, increased property taxes, rural broadband investments, and a stronger power grid. The initiative is funded by President Biden's Bipartisan Infrastructure Law, with winning bids expected to be announced in 2025.
Iberdrola, a global clean energy leader, honored four employees from the UK, Spain, US, and Brazil for their outstanding volunteer work at an awards ceremony in Glasgow. The event, attended by Iberdrola Executive Chairman Ignacio Galán and other dignitaries, celebrated the company's commitment to charity and volunteering.
The winners were recognized for their efforts in various areas:
- Pola Michalska (UK): Education Award for cancer research support
- John Schenck (US): Engagement and Promotion Award for inspiring volunteerism at Avangrid
- Layla Rebeca Gomes Costa (Brazil): Raising awareness about electrical grid safety and promoting literacy
- David Aldazabal Uncilla (Spain): Environment Award for forest recovery initiatives
Iberdrola's volunteer programs benefit over 10 million people across 24 countries, with more than a quarter of its workforce participating annually.
Avangrid, a sustainable energy company and Iberdrola Group member, has shared photos of its lineworkers restoring power in Woodlawn and Galax, Virginia, following the impact of Hurricane Helene. The crews, hailing from utilities in New York, Connecticut, and Maine, have been deployed to assist communities affected by the storm.
Pedro Azagra, Avangrid CEO, expressed pride in the crews' efforts, stating, "Our crews are going above and beyond for these communities, just like they do for their customers back home, and I'm incredibly proud of the service they are providing to so many in need after this historic storm."
