AVANGRID: Corporate Headquarters To Be in Orange, Conn.
ORANGE, Conn. — June 27, 2017 — AVANGRID, Inc. (NYSE: AGR) announced today that it is its consolidating administrative and executive functions at a facility that it owns in Orange, Connecticut.
The facility, at 180 Marsh Hill Road, will serve as AVANGRID’s executive seat and official corporate headquarters, effective immediately.
Company officials made the announcement as AVANGRID steps up integration activities and works towards its goal of being recognized as best-in-class in its industry by 2020.
“Since AVANGRID was formed over a year and a half ago, we’ve been focused on finding the best ways to deliver quality energy services to our customers and value to our shareowners,” AVANGRID CEO James P. Torgerson said. “One of the ways we’re accomplishing this is by aligning our facilities and corporate functions to reduce costs and promote best practices.”
AVANGRID, with more than $31 billion in assets and operations in 27 U.S. states, was formed in December 2015 with the merger of Iberdrola USA and UIL Holdings Corporation.
Through Avangrid Networks, it owns eight regulated utilities serving 3.2 million customers in New York and New England. These are: New York State Electric & Gas and Rochester Gas & Electric in New York; Central Maine Power and Maine Natural Gas in Maine; United Illuminating, Southern Connecticut Gas and Connecticut Natural Gas in Connecticut; and Berkshire Gas in Massachusetts.
Through Avangrid Renewables it operates more than 6 gigawatts of owned and controlled renewable generation capacity, primarily through wind and solar, in 22 states across the United States.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 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 more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second 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 2022 for the fourth consecutive year by the Ethisphere Institute. 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.