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Avangrid Energy Plants Power Over 1 Million Homes and Businesses During Coldest Winter Months

1. Avangrid ensured power during winter cold snap with reliable electricity supply. 2. Over 30 facilities provide over 4.5 GW capacity, powering 1 million homes. 3. Avangrid contributes to local economies through lease payments and tax revenues. 4. Ranked among America's best corporate citizens for sustainability and ethics.

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Why Bullish?

Avangrid's reliability in energy supply strengthens its market position, potentially boosting AGR's value.

How important is it?

The article highlights Avangrid’s operational reliability and corporate reputation, which impact investor confidence.

Why Long Term?

Sustained performance during cold weather indicates long-term operational stability and growth potential.

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AGR
ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc., a leading sustainable energy company and member of the Iberdrola Group, continues to provide electricity from its energy assets located throughout the United States, even during the depths of winter. The electricity provided by our assets is helping ensure power continues to flow to homes and businesses during a recent winter cold snap, keeping lights on and buildings warm. “Even in the midst of freezing temperatures, our energy assets are proving to be an affordable and reliable source of electricity for thousands of people across the country. I am grateful for the hundreds of technicians who work at our projects all year to ensure we are providing electricity when it’s needed the most,” said Pedro Azagra, Avangrid CEO. “Our projects are maximizing American energy production, delivering reliable power, and enhancing our national security, all while growing the economy.” Over the past week, much of the middle of the nation dealt with extreme cold temperatures. Avangrid has over 30 energy facilities situated between the Rocky and Appalachian Mountains with a combined installed capacity of over 4.5 Gigawatts (GW) that are delivering power to families and businesses that count on it each day – whether during the dead of winter or height of summer. Combined, these projects are capable of producing enough energy to power the equivalent of about 1 million homes. In addition to being there when they are needed most, these projects are important daily economic drivers in these communities, contributing lease payments to participating landowners and delivering critical tax revenue to bolster a variety of public services, including schools. Avangrid has over 75 projects and 9 (GW) of installed capacity across 22 states. About Avangrid: Avangrid, Inc. aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $47 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 as one of the JUST 100 companies – a ranking of America’s best corporate citizens – in 2024 for the fourth consecutive year. 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. 

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