Press Releases
08/20/2024
Avangrid Subsidiaries NYSEG and RG&E Install More Than 700,000 Smart Meters Across Upstate New York
Avangrid Subsidiaries NYSEG and RG&E Install More Than 700,000 Smart Meters Across Upstate New York
Upgrades currently underway in Ithaca, Rochester, Brewster, Sodus, Binghamton, Canandaigua, Lancaster, and Hornell divisions with over 50K installations per month
Smart meters are important part of upgrading grid infrastructure
ORANGE, Conn. — August 20, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and its subsidiaries New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) today announced installation of more than 700,000 smart meters for electric and natural gas customers statewide. Upgrades are currently focused on seven NYSEG and RG&E divisions including Ithaca, Rochester, Brewster, Sodus, Binghamton, Canandaigua, Lancaster, and Hornell, as well as for new builds and meter replacements in other parts of the state.
“We’re dedicated to meeting the energy needs of our customers, and building a smarter energy infrastructure is part of that commitment,” said Pedro Azagra, Avangrid CEO “Not only do smart meters mean a bill based on actual use rather than estimated reads every month, with this recent rash of thunderstorms, we’re seeing improvements to outage response in the areas where they’ve been installed.”
Smart meters are electric or natural gas meter modules with two-way wireless communications between the meter and the Company’s systems. They securely transmit usage and meter status data automatically, enabling monthly bills to be based on actual use versus manual meter reading or estimates, allowing customers better understanding of and control over their energy bills. Smart meters also help the Companies pinpoint and respond to outages more quickly.
NYSEG and RG&E have committed to installing more than 1.3 million electric smart meters and adding 600,000 natural gas modules for customers in 17 NYSEG and RG&E divisions statewide. Smart meter upgrades will continue throughout the companies’ service areas over the next two years. Customers will receive communications ahead of their scheduled installation.
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.
