UI, SCG & CNG Award $417,000 in Grants To Help CT Nonprofits Cut Energy Costs
ORANGE, Connecticut — December 19, 2017 — United Illuminating, Southern Connecticut Gas and Connecticut Natural Gas today distributed more than $417,000 in grants aimed at helping community and neighborhood organizations across the state improve energy efficiency and save on energy costs.
The three Connecticut subsidiaries of AVANGRID, Inc. (NYSE: AGR), a diversified U.S. energy company, officially awarded the grants to 56 nonprofit organizations during a ceremony at the Energize Connecticut Center in North Haven. The grants, ranging from $3,000 to nearly $14,000, were provided under the auspices of Connecticut’s Neighborhood Assistance Act tax credit program.
“For our nonprofit partners in Connecticut, we know every dollar saved on energy is a dollar that can instead be spent on programs and services in the community, whether they’re training guide dogs for the blind or providing emergency shelter services for women,” said Anthony Marone III, president and CEO of Connecticut operations for Avangrid Networks. “By supporting projects to improve energy efficiency and reduce energy costs, we help our partners achieve ongoing savings so they can devote more resources to their mission.”
Since 2010, the Connecticut AVANGRID companies have awarded more than $2.9 million in grants through the state’s Neighborhood Assistance Act (NAA) Tax Credit Program, which provides a corporate tax credit to encourage businesses to provide financial support to qualified local nonprofit organizations.
Projects supported in 2017 include energy-efficient lighting upgrades for Fidelco Guide Dog Foundation, Inc. in Windsor; window replacements at the Bridgeport Rescue Mission; and improvements at the New Reach, Inc. emergency shelter for women in New Haven. A full list can be found at the Connecticut Department of Revenue Services website,http://www.ct.gov/drs/cwp/view.asp?a=1447&q=266058&drsPNavCtr=|#49985.
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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 $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.