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{{short description|Energy company in the United States}}
{{Infobox company
| name = Avangrid, Inc.
| logo = Avangrid Logo 2023.svg
| logo_alt = Avangrid's logo as of 2023.
| logo_caption = Logo used since 2023. It is based on the [[Iberdrola]] logo.
| type = [[Public company|Public]]
| traded_as = {{nyse|AGR}}<br>[[Russell 1000 Index|Russell 1000 Component]]
| predecessor = Energy East and Iberdrola USA
| successor =
| founder =
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| fate =
| area_served = [[New York (state)|New York]], [[New England]], [[Pennsylvania]]
| key_people = Pedro Azagra, CEO<ref>{{Cite news|last=Hardaway|first=Liz|title=United Illuminating parent company gets new CEO|url=https://www.ctinsider.com/news/article/Avangrid-announces-new-CEO-16975801.php|date=March 4, 2022|website=CT Insider}}</ref>
| industry = Energy and Utilities
| products =
| services = hydroelectric generation, electric transmission and distribution, natural gas distribution, propane/air distribution, energy services
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner =
| num_employees = 7,000
| parent = [[Iberdrola]] owns 81.5%<ref>{{Cite web|url=https://www.iberdrola.com/label/avangrid|title=Avangrid - Iberdrola}}</ref> of Avangrid
| divisions =
| subsid = Avangrid Renewables, Berkshire Gas, Central Maine Power, Connecticut Natural Gas (CNG), Maine Natural Gas, [[New York State Electric & Gas]] (NYSEG), Rochester Gas and Electric Corporation (RG&E), Southern Connecticut Gas (SCG), NM Green Holdings INC and United Illuminating (UI)
| homepage = {{URL|http://www.avangrid.com}}
| footnotes =
| intl =
| foundation = <!-- {{Start date|YYYY|MM|DD}} -->
| location_city = [[Orange, Connecticut]]
| location_country = United States
| location =
| locations =
}}
'''Avangrid, Inc.''' (formerly '''Energy East''' and '''Iberdrola USA'''), is an energy services and delivery company. Avangrid serves about 3.1 million customers throughout [[New England]], [[Pennsylvania]] and [[New York (state)|New York]] in the [[United States]].<ref>{{Cite web|url=http://www.avangrid.com/AboutAvanGrid/default.html|title=AVANGRID {{!}} About Us|website=www.avangrid.com|access-date=2016-08-18|archive-url=https://web.archive.org/web/20160825080756/http://www.avangrid.com/AboutAvanGrid/default.html|archive-date=2016-08-25|url-status=dead}}</ref>
==History==
In 2008 Iberdrola S.A. purchased Energy East.<ref>Securities and Exchange Commission https://www.sec.gov/Archives/edgar/data/1046861/000104686108000095/e10q2q08.htm#legalproc</ref> [[Iberdrola]] renamed the company Iberdrola USA.<ref name=rename>{{cite news|url=http://www.rbj.net/article.asp?aID=182269|title=Energy East becomes Iberdrola USA|first=Thomas|last=Adams|date=2009-12-07|newspaper=Rochester Business Journal|location=[[Rochester, New York]]|access-date=2009-12-07|archive-url=https://web.archive.org/web/20110717232803/http://www.rbj.net/article.asp?aID=182269|archive-date=2011-07-17|url-status=dead}}</ref>
In November 2010, Iberdrola USA sold its gas distribution companies in [[Connecticut]] and [[Massachusetts]], the [[Southern Connecticut Gas]] Company, [[Connecticut Natural Gas]] Corporation, and the Berkshire Gas Company, to [[UIL Holdings Corporation]].
In 2012, Iberdrola USA sold its energy services companies, Energetix and NYSEG Solutions, to [[Direct Energy]].<ref>{{Cite web|url=https://www.newstatesman.com/business/energy/2012/07/direct-energy-acquires-iberdrola-usa-subsidiaries-%C2%A371m|title=Direct Energy acquires Iberdrola USA subsidiaries for £71m|website=www.newstatesman.com}}</ref>
In February 2015, Iberdrola USA announced that it had entered into a merger agreement with UIL Holdings Corporation under which UIL Holdings Corporation would merge into a subsidiary of Iberdrola USA, Inc. In December 2015, the acquisition was finalized and the company announced a new name, AVANGRID.<ref>{{Cite web |last=Kurane |first=Supriya |date=26 February 205 |title=Spain's Iberdrola to buy UIL Holdings for about $3 billion |url=https://www.reuters.com/article/idUSKBN0LU07B/ |access-date=20 June 2024 |website=Reuters}}</ref><ref>{{cite news |url=http://www.greentechmedia.com/articles/read/Iberdrola-USA-and-UIL-Merge-to-Form-Utility-Giant-Avangrid |title=Iberdrola USA and UIL Merge to Form Utility Giant Avangrid |first=Katherine |last=Tweed |date=2015-12-18 |work=Green Tech Media}}</ref>
Avangrid won an auction for an [[List of offshore wind farms in the United States|offshore wind]] area near [[Wind power in North Carolina|North Carolina]] by bidding $9 million in March 2017.<ref>{{cite web|url= https://www.boem.gov/North-Carolina/ |title=North Carolina Activities |publisher=[[Bureau of Ocean Energy Management]] |access-date=18 March 2017}}</ref>
Avangrid supports the adoption of [[electric vehicle]]s. In 2017, Avangrid donated $2 million to the Connecticut Hydrogen and Electric Automobile Purchase Rebate program. The program was launched in 2015 and gives money in the form of rebates to consumers who purchase [[zero-emissions vehicle]]s, which includes electric vehicles.<ref>{{Cite news|url=https://www.stamfordadvocate.com/business/article/Orange-based-utility-gives-2-million-grant-to-12375936.php|title=Orange-based utility gives $2 million grant to support state electric vehicle rebate program|date=2017-11-22|work=StamfordAdvocate|access-date=2018-11-24}}</ref> The company also installed electric vehicle charging stations at several of its facilities.<ref>{{Cite web|url=http://www.govtech.com/fs/Advocates-Urge-Connecticut-Utility-Regulators-to-Plan-for-EVs.html|title=Advocates Urge Connecticut Utility Regulators to Plan for EVs|website=www.govtech.com|language=en|access-date=2018-11-24}}</ref> In 2018, Avangrid held an "electric vehicle fair" for its employees, with the goal of enabling these employees, if they so chose, to purchase electric vehicles.<ref>{{Cite news|url=http://www.news12.com/story/38832578/avangrid-holds-first-electric-vehicle-fair|title=Avangrid holds first electric vehicle fair|access-date=2018-11-24|language=en}}</ref>
In 2021, Avangrid's subsidiary, Central Maine Power Company, was fined $360,000 for violating standards for industry testing. These standards are intended to maintain electrical stability and prevent electrical outages.<ref>Turkel, Tux (June 9, 2021). "[https://www.newspapers.com/image/832030974/ CMP Fined $360,000 for Violation of Transmission Testing Standards]". ''Portland Press Herald'' (Portland, Maine). Sun-Journal (Lewiston, Maine). p. C8.</ref>
In July 2024, Avangrid sold the company's [[Kitty Hawk, North Carolina|Kitty Hawk North]] offshore wind lease to Virginia Electric and Power Company, a subsidiary of [[Dominion Energy]], for $160 million.<ref>{{Cite web |date=2024-07-09 |title=Avangrid sells Kitty Hawk North offshore wind lease to Dominion |url=https://finance.yahoo.com/news/avangrid-sells-kitty-hawk-north-083220016.html |access-date=2024-07-09 |website=Yahoo Finance |language=en-US}}</ref><ref>{{Cite web |date=2024-07-09 |title=Dominion to buy Kitty Hawk offshore wind lease from Avangrid for $160 million |url=https://www.whro.org/environment/2024-07-09/dominion-to-buy-kitty-hawk-offshore-wind-lease-from-avangrid-for-160-million |access-date=2024-07-09 |website=WHRO Public Media |language=en}}</ref>
==Subsidiaries==
* Avangrid Renewables
* Berkshire Gas Company (BGC)
* Central Maine Power (CMP)
* [[Connecticut Natural Gas]] (CNG)
* [[New York State Electric & Gas]] (NYSEG)<ref name=":0">{{Cite web |date=14 February 2024 |title=Avangrid Subsidiaries NYSEG and RG&E Deliver Best Reliability in Five Years |url=https://www.businesswire.com/news/home/20240214402357/en/Avangrid-Subsidiaries-NYSEG-and-RGE-Deliver-Best-Reliability-in-Five-Years |access-date=25 June 2024 |website=Businesswire}}</ref>
* Rochester Gas and Electric (RG&E)<ref name=":0" />
* Maine Natural Gas (MNG)
* [[Southern Connecticut Gas]] (SCG)<ref name=":1" />
* [[The United Illuminating Company]] (UI)<ref name=":1">{{Cite web |last=Turmelle |first=Luther |date=14 May 2024 |title=Avangrid says its plan to invest $191M in CT gas companies, UI hinges on legal, regulatory rulings |url=https://www.ctinsider.com/business/article/ct-avangrid-ui-natural-gas-rates-investment-19450421.php |access-date=25 June 2024 |website=CT Inisder}}</ref>
==References==
{{Reflist}}
==External links==
*{{official website|http://www.avangrid.com}}
* {{Finance links
| symbol = AGR
| sec_cik = AGR
| google = NYSE:AGR
| yahoo = AGR
| bloomberg = AGR:US
| reuters = AGR
| nasdaq = AGR
}}
*
{{Authority control}}
[[Category:Energy in New England]]
[[Category:Electric power companies of the United States]]
[[Category:Natural gas companies of the United States]]
[[Category:Energy in New York (state)]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Iberdrola]]