AVANGRID, INC.


Associated tags: Ethisphere Institute, Environment, Avangrid, JUST, Iberdrola, AGR, Energy, Alternative Energy, Utilities, NYSE, Gas, Oil, Sustainability, Renewable energy, Other Energy, Wind

Locations: CT, NEW YORK, EUROPE, POLAND, MAINE, NEW JERSEY, NOVA SCOTIA, HORNELL, WYOMING COUNTY, UB, EAST SHORE, ILLINOIS, ANDERSON, UNITED STATES, NORTH AMERICA, CONNECTICUT, USA, OREGON, OREGON ZOO, MANZANA, LOS ANGELES, CALIFORNIA, MASSACHUSETTS, NEW ENGLAND, RHODE ISLAND, BARNSTABLE

Avangrid Partners with Colby College to Launch Global Sustainability Independent-Study

Retrieved on: 
Friday, February 2, 2024

This first-of-its-kind program at Colby leverages Avangrid and Iberdrola’s ESG expertise to provide an immersive practical experience for students.

Key Points: 
  • This first-of-its-kind program at Colby leverages Avangrid and Iberdrola’s ESG expertise to provide an immersive practical experience for students.
  • View the full release here: https://www.businesswire.com/news/home/20240202806932/en/
    Colby students at Iberdrola’s offices in Bilbao, Spain (Photo: Business Wire)
    “As recognized sustainability leaders, it was a natural fit for Avangrid and Iberdrola to partner with Colby College to launch this unique course,” said Pedro Azagra, Avangrid CEO.
  • We need programs like this at an undergrad level to increase interest in the sustainability field and build ESG knowledge.
  • The course culminated in final presentations today to Colby faculty, fellow students, and Avangrid and Iberdrola experts.

Avangrid Partners with SUNY Broome Community College to Launch New Lineworker Training Program

Retrieved on: 
Thursday, February 1, 2024

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today it has partnered with SUNY Broome Community College and the International Brotherhood of Electrical Workers (IBEW) to launch a new Lineworker Training Program .

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today it has partnered with SUNY Broome Community College and the International Brotherhood of Electrical Workers (IBEW) to launch a new Lineworker Training Program .
  • “I’m very pleased to see so many students wanting to learn more about this great program,” said Pedro Azagra, Avangrid CEO.
  • We need New York’s best and brightest to join our team, and I know this program will prepare them for success.”
    The Lineworker Training Program will prepare students for in-demand skilled positions at a variety of employers.
  • For more information on the SUNY Broome Lineworker Training Program or to apply, click here .

Avangrid Schedules Fourth Quarter & Full Year 2023 Earnings Release and Conference Call & Announces 2024 Investor Day

Retrieved on: 
Wednesday, January 31, 2024

The company will issue an advisory news release over Business Wire the evening of February 21st, which will include a link to the financial results news release on the company’s website.

Key Points: 
  • The company will issue an advisory news release over Business Wire the evening of February 21st, which will include a link to the financial results news release on the company’s website.
  • In conjunction with the earnings release, Avangrid will conduct a webcast conference call with financial analysts on Thursday, February 22, 2024, beginning at 9:00 A.M.
  • Avangrid’s Executive team will present an overview of the financial results followed by a question and answer session.
  • Avangrid will host its 2024 Investor Day on Friday, March 22, 2024 at the New York Stock Exchange in New York.

Avangrid Announces First Onshore Wind Project in Oklahoma, Will Expand Company’s U.S. Footprint to 25 states

Retrieved on: 
Tuesday, January 30, 2024

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced its first renewable energy project in Oklahoma.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced its first renewable energy project in Oklahoma.
  • Pontotoc Wind, a 147.5 MW wind farm with 33 turbines, powering 40,000 homes, will be constructed in Pontotoc County, Oklahoma and expand Avangrid’s presence in the U.S. to 25 states.
  • “We are thrilled to be developing our first renewable energy project in Oklahoma, that will deliver clean, renewable, wind power to the Pontotoc County community along with jobs and local investment,” said Pedro Azagra, Avangrid CEO.
  • Additionally, Pontotoc Wind will contribute an estimated $25 million in property taxes over the life of the project, which benefits local schools and other services.

Business Leaders Are Overwhelmingly Positive About the Green Transition, but More Needs to Be Done to Implement Green Skills Programmes

Retrieved on: 
Wednesday, January 17, 2024

Accordingly, the Green Skills Outlook found that 62% of global business leaders say shortages in green skills will create bottlenecks that will delay the green transition.

Key Points: 
  • Accordingly, the Green Skills Outlook found that 62% of global business leaders say shortages in green skills will create bottlenecks that will delay the green transition.
  • As greener industries gain prominence, the Green Skills Outlook shows that business leaders are overwhelmingly optimistic about the green transition, with 79% saying it presents more opportunities than challenges for their organisation.
  • Such skills will range from non-vocational, non-technical soft skills that are needed to excel in green jobs, to more technical, role-specific skills.
  • Definition of green skills: the knowledge, competencies, values and attributes needed to develop and support a sustainable, low-carbon and resource-efficient society.

Avangrid Foundation Provides More Than $2.8 Million in Grants in 2023

Retrieved on: 
Tuesday, January 16, 2024

The Avangrid Foundation, the philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE: AGR), has announced it provided more than $2.8 million in grants to 97 different organizations during 2023 to help create a more sustainable and equitable future.

Key Points: 
  • The Avangrid Foundation, the philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE: AGR), has announced it provided more than $2.8 million in grants to 97 different organizations during 2023 to help create a more sustainable and equitable future.
  • This brings the Avangrid Foundation and its predecessors’ total investments to more than $38.9 million in partnerships since its founding in 2001.
  • “We invest our resources in organizations and programs that will impact the communities we serve,” said Pablo Colón, director of corporate citizenship and executive director, Avangrid Foundation.
  • Through this initiative, the Avangrid Foundation will donate $15 per employee volunteer hour to qualifying organizations, up to 100 hours per employee.

Avangrid’s Early Career Programs Named in Top 50 in the United States by RippleMatch

Retrieved on: 
Wednesday, January 10, 2024

Today Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that its early career programs have been named among the best in the United States by RippleMatch in their 2024 Campus Forward Awards.

Key Points: 
  • Today Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that its early career programs have been named among the best in the United States by RippleMatch in their 2024 Campus Forward Awards.
  • Avangrid was selected among the Top 50 Midsize Early Career Programs for the company’s Internship and Global Graduate programs.
  • “Avangrid’s early career programs are the foundation of our workforce because they ensure we continue to acquire the industry’s top professionals,” said Pedro Azagra, Avangrid CEO.
  • Avangrid also earned high accolades for its Global Graduate rotational development program for early career employees.

Avangrid, CIP Announce First Power from Nation-Leading Vineyard Wind 1 Project

Retrieved on: 
Wednesday, January 3, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240103149750/en/
    A GE Haliade-X Turbine Stands in the Vineyard Wind 1 Project Area South of Martha’s Vineyard.
  • Congratulations to Vineyard Wind’s determination and success.”
    “We’re thrilled that the first power from the Vineyard Wind Project has made its way to the Massachusetts grid,” said Representative Christopher Hendricks (D-New Bedford).
  • “The Vineyard Wind 1 project will provide affordable, renewable electricity that can power Massachusetts for years to come.
  • In July 2021, Vineyard Wind signed the first Project Labor Agreement for an offshore wind project in the United States, which outlined the creation of 500 union jobs though the project.

Avangrid Statement on PNM Resources, Inc. Merger

Retrieved on: 
Tuesday, January 2, 2024

AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM).

Key Points: 
  • AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM).
  • Avangrid and PNM had obtained all the necessary regulatory approvals for the closing of the merger by the end of 2022 except the approval of the New Mexico Public Regulation Commission.
  • Avangrid has terminated the merger agreement because all final regulatory approvals were not received by December 31, 2023, the end date under the merger agreement after which either Avangrid or PNM could terminate the merger agreement if the merger had not yet been consummated.
  • Avangrid intends to continue to focus on its robust growth opportunities, with over $9 billion in incremental capital projects organically secured during the pendency of the merger.

FERC Rules in Favor of Avangrid in California Energy Crisis Litigation

Retrieved on: 
Thursday, December 21, 2023

Today Avangrid, Inc. (NYSE: AGR) announced that the Federal Energy Regulatory Commission (FERC) issued a decision in favor of Avangrid Renewables, LLC (Renewables), an indirect, wholly-owned subsidiary of Avangrid, in the litigation related to the California energy crisis of 2000-2001.

Key Points: 
  • Today Avangrid, Inc. (NYSE: AGR) announced that the Federal Energy Regulatory Commission (FERC) issued a decision in favor of Avangrid Renewables, LLC (Renewables), an indirect, wholly-owned subsidiary of Avangrid, in the litigation related to the California energy crisis of 2000-2001.
  • The California Agencies further alleged that Renewables exercised market power that forced CDWR to pay unjust and unreasonable prices and agree to onerous, unjust and unreasonable nonprice terms.
  • Following FERC action, appeals to the Ninth Circuit and the U.S. Supreme Court and remand, FERC ordered a trial-type, evidentiary hearing to supplement the existing record.
  • Consequently, FERC found that the contract is just and reasonable and refunds for Renewables’ contract are not warranted.