Iberdrola Sa - IBDRY STOCK NEWS

AVANGRID, Inc. (NYSE:AGR) announced a quarterly dividend of $0.44 per share, payable on October 3, 2022, to shareholders of record by September 2, 2022. The company operates in 24 U.S. states with approximately $40 billion in assets, serving over 3.3 million customers through its utility services. AVANGRID is recognized for its commitment to sustainability and was named among the World’s Most Ethical Companies in 2022. This dividend reflects the company’s ongoing focus on providing value to its shareholders.

AVANGRID (NYSE: AGR) shareholders approved all proposals at the 2022 Annual Shareholder Meeting in Boston, with about 98.5% participation. Key highlights include a $3.3 billion investment in 2021, marking a 20% increase, and a 22% rise in net income year-over-year. The company’s 8.3 GW renewables fleet powers approximately 2 million homes. Two new board members were elected, increasing diversity on the board. The meeting showcased strong support for AVANGRID’s strategy in accelerating the clean energy transition and innovation in renewable projects like Vineyard Wind 1.

AVANGRID, Inc. (NYSE:AGR) will announce its Q2 2022 financial results on July 26, 2022, after market close. The results will be available in the Investors’ section of their website. Following the release, a webcast conference call will occur on July 27, 2022, at 10:00 A.M. ET, featuring the executive team’s presentation and a Q&A session. AVANGRID, headquartered in Orange, CT, operates in 24 states and manages approximately $40 billion in assets, focusing on both utility services and renewable energy generation.

AVANGRID (NYSE: AGR) has signed the United Nations Global Compact Sustainable Ocean Principles, committing to sustainable and responsible ocean energy projects. This aligns with their ongoing efforts to advance offshore wind power in the U.S., with a projected pipeline of 5 GW capable of powering over 2 million households. The company emphasizes the integration of ocean-related risks into its corporate strategy. AVANGRID's CEO highlighted their dedication to environmentally responsible practices in offshore wind development, furthering their commitment to ocean resource preservation.

AVANGRID (NYSE: AGR) has appointed Kimberly Harriman as Senior Vice President of State Government Affairs & Corporate Communications, effective immediately. Harriman, who has served as Vice President since 2020, will lead internal and external communications and oversee state government relations across multiple states. CEO Pedro Azagra welcomed her to the executive team, highlighting her track record and the importance of her role in advocating for state policies that align with the company's clean energy vision. Harriman is a law school graduate with a background in public service.

AVANGRID, Inc. (NYSE: AGR) has appointed Patricia Nilsen as the President and CEO of its subsidiaries, New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E), effective July 1, 2022. Nilsen is the first woman to hold this position in the companies' 175-year history, succeeding Carl Taylor, who retires on June 30, 2022. Nilsen brings nearly three decades of experience in the energy sector, previously serving in key leadership roles, including emergency preparedness and reliability compliance. She will lead operations serving over 1.2 million electric and 579,000 natural gas customers in New York.

AVANGRID, Inc. (NYSE: AGR) announces the appointment of Pedro Azagra Blázquez as its new Chief Executive Officer. With extensive experience in the energy sector and a prior tenure on AVANGRID's Board of Directors, Azagra aims to lead the company towards a sustainable energy future. Under his leadership, AVANGRID plans to enhance its reputation as a leader in ESG+F and further capitalize on opportunities in the offshore wind space. Azagra has a strong background with Iberdrola, facilitating over $22 billion in mergers and strategic projects.

AVANGRID (NYSE: AGR) has proposed changes to delivery rates for its subsidiaries, New York State Electric & Gas and Rochester Gas and Electric, with the plan named “Reliable Energy New York.” The proposal aims to enhance infrastructure, customer service, and promote renewable energy. The average delivery cost will increase by $10-18 per month (13-22%), effective May 1, 2023. The initiative includes significant investments in reliability, smart technology, and support for low-income communities, while maintaining competitive rates in New York.