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AVANGRID, Inc. (NYSE: AGR) has appointed Pedro Azagra Blázquez as its new Chief Executive Officer, effective May 28, 2022. Azagra succeeds Dennis Arriola, who has stepped down. Having served on the board since 2019 and held critical roles within Iberdrola, he brings substantial experience and relationships in the U.S. energy sector. His track record includes leading significant mergers and acquisitions, including a
AVANGRID has joined the U.S. Department of Energy's Better Climate Challenge, pledging to reduce greenhouse gas emissions by at least 50% over the next decade. The company aims to decarbonize its facilities by 20% within 10 years while deploying renewable technologies, such as solar and green hydrogen. With operations across 24 states and about $40 billion in assets, AVANGRID is recognized as a leader in sustainable energy and is committed to achieving Scope 1 carbon neutrality by 2035.
Avangrid Renewables, a subsidiary of AVANGRID (NYSE: AGR), commented on the recent auction for offshore wind lease areas in the New York Bight. The company, already a leader in the offshore wind sector with a 4.9 GW portfolio, chose not to participate in the auction, citing that bid prices did not align with their strategic goals. Despite this, Avangrid remains committed to the New York and New Jersey offshore wind markets and aims to contribute significantly as the U.S. strives for a 30 GW offshore wind target by 2030.
AVANGRID, Inc. (NYSE:AGR) announced its fourth quarter and full year 2021 earnings, available in the Investors section of its website. A webcast conference call will be held on February 23, 2022, at 10:00 A.M. ET, where the executive team will discuss the financial results and answer questions. AVANGRID, headquartered in Orange, CT, manages approximately $40 billion in assets across 24 states. The company operates Avangrid Networks and Avangrid Renewables, serving over 3.3 million customers.
AVANGRID, Inc. (NYSE: AGR) has announced several key executive appointments aimed at enhancing its leadership structure and achieving its goal of becoming the leading sustainable energy company in the U.S. CEO Dennis V. Arriola emphasized the importance of diverse leadership in driving accountability and collaboration. Significant appointments include Kyra Patterson as Chief Human Resources Officer, Patricia Cosgel as Interim CFO, and Dave Labelle as Chief Administrative Officer. These changes reflect the company's commitment to strategic growth and effective execution.
AVANGRID Inc. (NYSE: AGR) and Prysmian Group have announced a significant agreement to develop a new offshore wind cable manufacturing facility at the former Brayton Point coal plant in Somerset, Massachusetts. This facility will support AVANGRID's Commonwealth Wind project, encompassing 1,232 Megawatts (MW) of capacity. The facility represents a $200 million investment and aims to create over 150 high-skilled jobs, contributing to local economies and the transition to clean energy.
Commonwealth Wind, selected in December 2021, is expected to power 750,000 homes and create 11,000 jobs over its lifecycle.
AVANGRID, Inc. (NYSE: AGR) has declared a quarterly dividend of
AVANGRID (NYSE: AGR) announced that Security Limits, Inc. has voluntarily dismissed its defamation case against the company and its major shareholder, Iberdrola, S.A. Security Limits offered no evidence or sworn testimony to support its accusations, which AVANGRID has consistently asserted are unfounded. Although the New York case is dismissed, AVANGRID is pursuing defamation claims against Security Limits in New Mexico. AVANGRID maintains its commitment to ethical business practices, having been recognized as one of the World’s Most Ethical Companies for three consecutive years.
AVANGRID, Inc. (NYSE:AGR) will release its fourth quarter and full year 2021 financial results on February 22, 2022, after market close. The advisory news release will provide a link to the financial results posted on their website. A webcast conference call for analysts will follow on February 23, 2022, at 10:00 A.M. ET, featuring an overview of the results and a Q&A session. AVANGRID operates in 24 states with $39 billion in assets, focusing on sustainable energy through its Networks and Renewables segments.
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