Former UIL Honored As Corporation Of The Year By Greater New England Minority Supplier Development Council
New Haven, Conn. (April 1, 2016) — The former UIL Holdings Corporation and its operating companies - The United Illuminating Company, The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation - was recognized as the Corporation of the Year by the Greater New England Minority Supplier Development Council. UIL Holdings merged with Iberdrola USA to form AVANGRID, Inc. (NYSE: AGR) last year. The Council presented the award at its 41st Annual Awards dinner.
“We believe a commitment to recruitment diversity, employee diversity, and supplier diversity helps us find new talent, work in better ways, and stay competitive,” said John J. Prete, AVANGRID president of Connecticut and Massachusetts Operations. “We want to be an energy leader, and one of our values is supporting diversity. We are so honored with the award.”
For the past 15 years, UI has been involved with the Council, helping to support the growth of minority-owned business in Connecticut. Company employees volunteer as corporate speakers or trainers at workshops where entrepreneurs and business owners earn certification and receive assistance in building their businesses in their communities.
Since 2013, UI has been one of the funding sponsors of the Diverse Supplier Development Academy, another Connecticut-based nonprofit that assists businesses owned or operated by minorities, women and disabled veterans.
AVANGRID, Inc. (NYSE: AGR) is a diversified energy and utility company with $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving 3.1 million customers in New York and New England. Avangrid Renewables operates 6.3 gigawatts of electricity capacity, primarily through wind power, across the United States. AVANGRID employs 7,000 people. The company was formed by a merger between Iberdrola USA and UIL Holdings Corporation in 2015. IBERDROLA, S.A. (Madrid: IBE), a worldwide leader in the energy industry, owns 81.5% of AVANGRID. For more information, visit www.avangrid.com.