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06/01/2021

AVANGRID Shareholders Overwhelmingly Approve All Company Proposals At Annual Meeting

AVANGRID Shareholders Overwhelmingly Approve All Company Proposals At Annual Meeting

ORANGE, Conn. — June 1, 2021 — AVANGRID, Inc. (NYSE: AGR) shareholders overwhelmingly approved all proposals presented at the company’s 2021 annual meeting today. With approximately 98% of shares present by proxy, the vote indicates continued strong shareholder support for AVANGRID’s strategic direction and governance system. The meeting was held virtually in response to the ongoing public-health crisis caused by COVID-19, and in accordance with related government guidelines to safeguard the health of all AVANGRID stakeholders.

At the annual meeting, the AVANGRID shareholders voted to elect each of the 14 nominees to the Board of Directors to serve one-year terms expiring at AVANGRID’s 2022 annual meeting. Additionally, the AVANGRID shareholders voted to approve the following items proposed by the Board of Directors, with approximately 99% of the votes cast in favor of each proposal:

  • The ratification of the appointment of KPMG US, LLP as AVANGRID’s independent registered public accounting firm for 2021.
  • Advisory approval of the compensation of AVANGRID’s named executive officers as described in the 2021 proxy statement.
  • Approval of the amendment to the AVANGRID Amended and Restated Omnibus Incentive Plan.

At today’s meeting, AVANGRID’s Board Chairman Ignacio Galán stated: “AVANGRID is leading the energy transition in the US. We are investing in smart and resilient networks and renewable energy with flagship projects like Vineyard Wind, which will be the first large-scale offshore wind farm in the country.” Galán added, “We are also accelerating investments to improve our service and reach carbon neutrality, stimulating economic activity and job creation, and delivering sustainable value to our shareholders, our employees and to society.”

The final voting results will be available on a current report on Form 8-K that will be filed with the Securities and Exchange Commission and posted on AVANGRID’s website, www.avangrid.com.

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About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States.  Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

 

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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