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 New England is a region consisting of six states in the Northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is bordered by the state of New York (state), New York to the west and by the ...

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

and

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

History

In 2008 Iberdrola S.A. purchased Energy East.

Iberdrola Iberdrola, S.A. () is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers. Subsidiary, Subsidiaries include ScottishPower (United Kingdom), Ava ...

renamed the company Iberdrola USA. In November 2010, Iberdrola USA sold its gas distribution companies in

Connecticut Connecticut ( ) is a U.S. state, state in the New England region of the Northeastern United States. It borders Rhode Island to the east, Massachusetts to the north, New York (state), New York to the west, and Long Island Sound to the south. ...

and

Massachusetts Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...

, 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 Direct Energy LP is a North American retailer of energy and energy services. The company was founded in Toronto in 1986 and now has more than four million customers in Canada and the United States. Direct Energy is a subsidiary of NRG Energy. Hi ...

. 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. Avangrid won an auction for an

offshore wind Offshore wind power or offshore wind energy is the Electricity generation, generation of electricity through wind farms in bodies of water, usually at sea. There are higher wind speeds offshore than on land, so offshore farms generate more elect ...

area near

North Carolina North Carolina ( ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, South Carolina to the south, Georgia (U.S. stat ...

by bidding $9 million in March 2017. Avangrid supports the adoption of

electric vehicle An electric vehicle (EV) is a motor vehicle whose propulsion is powered fully or mostly by electricity. EVs encompass a wide range of transportation modes, including road vehicle, road and rail vehicles, electric boats and Submersible, submer ...

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 A zero-emission vehicle (ZEV) is a vehicle that does not emit exhaust gas or other pollutants from the onboard source of power. The California definition also adds that this includes under any and all possible operational modes and conditions. T ...

s, which includes electric vehicles. The company also installed electric vehicle charging stations at several of its facilities. 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. 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. In July 2024, Avangrid sold the company's Kitty Hawk North offshore wind lease to Virginia Electric and Power Company, a subsidiary of Dominion Energy, for $160 million. In 2024, Iberdrola reached an agreement to purchase the remaining 18.4% that it did not control in Avangrid for USD 2,551 million.

Subsidiaries

* Avangrid Renewables * Berkshire Gas Company (BGC) * Central Maine Power (CMP) * Connecticut Natural Gas (CNG) * New York State Electric & Gas (NYSEG) * Rochester Gas and Electric (RG&E) * Maine Natural Gas (MNG) * Southern Connecticut Gas (SCG) * The United Illuminating Company (UI)

References

External links

* * {{Authority control Energy in New England Electric power companies of the United States Natural gas companies of the United States Energy in New York (state) Companies formerly listed on the New York Stock Exchange Iberdrola