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Statement From Avangrid on the Maine Utility Takeover Referendum
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Avangrid, Inc. (NYSE: AGR) issues a statement regarding the Maine utility takeover referendum, emphasizing the rejection of the proposal by Maine voters. The company reaffirms its commitment to delivering safe and reliable service, highlighting its storm response, customer service metrics, and recognition as one of Maine's best places to work.
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ORANGE, Conn.--(BUSINESS WIRE)--
The following is a statement from Avangrid, Inc. (NYSE: AGR) regarding today’s vote on the Maine utility takeover referendum:
“Next year Central Maine Power will mark 125 years since its founding, and its commitment to delivering safe and reliable service remains unchanged. From storm response during Winter Storm Elliot, to exceeding customer service metrics for three years running, to being voted one of Maine’s best places to work, CMP and Avangrid remain completely committed to its customers and employees.
“In the face of climate change, meeting the needs of an increasingly electrified society is best done by those with the most experience. That’s what thousands of our employees do across the country every day. Voters in Maine have spoken. The years-long debate over who is best suited to operate the grid does nothing to advance the solutions needed now, and it’s time to get back to work.”
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
What is the statement from Avangrid, Inc. (NYSE: AGR) about?
Avangrid, Inc. (NYSE: AGR) issues a statement regarding the Maine utility takeover referendum, emphasizing the rejection of the proposal by Maine voters.
What are the key points highlighted in the statement?
The company reaffirms its commitment to delivering safe and reliable service, highlighting its storm response, customer service metrics, and recognition as one of Maine's best places to work.
What is the response of Maine voters to the proposal?
Maine voters have rejected the risky proposal to seize Maine's electric grid and replace it with a political board.
How long has Central Maine Power been in operation?
Next year, Central Maine Power will mark 125 years since its founding.
What does Avangrid emphasize in the face of climate change?
Avangrid emphasizes that meeting the needs of an increasingly electrified society is best done by those with the most experience, highlighting the work of thousands of its employees across the country.
What is the company's stance on the debate over who is best suited to operate the grid?
The company believes that the years-long debate does nothing to advance the solutions needed now, and it's time to get back to work.
