AVANGRID Offers Bids for New England’s Clean Energy Future
28 July 2017 - 2:58AM
Business Wire
Proposals would Stabilize Energy Costs, Create Jobs and Cut
Emissions
AVANGRID, Inc. has responded to Massachusetts’ call to bring
more clean energy to the New England power grid by submitting
several proposals in which some are sole ownership and some are
joint partnerships.
The company and its affiliates, including Avangrid Networks and
Avangrid Renewables, have submitted these proposals in response to
the Massachusetts Clean Energy RFP, which seeks projects that will
support the commonwealth’s mandate to significantly increase access
to energy from renewable sources such as wind and solar.
“We’re excited about this opportunity to expand AVANGRID’s role
in the region’s clean energy future. These cost-effective projects
will provide all the benefits of clean, renewable energy while
helping to stabilize electricity costs, create jobs and reduce
greenhouse gas emissions that contribute to global warming,” said
James P. Torgerson, AVANGRID’s CEO. “We expect our proposals to be
highly competitive, given our extensive experience in development
of renewable generation across the United States, and in building
and operating transmission and distribution grids in the
Northeast.”
AVANGRID is the parent company of Avangrid Renewables, which
owns and controls more than 6 gigawatts of renewable generation
capacity in 22 U.S. states. Its Avangrid Networks line of business
comprises eight electric and natural gas utilities, serving
approximately 3.2 million customers in New York and New
England.
The Massachusetts Clean Energy RFP is the outgrowth of a state
law mandating that the state’s utilities procure 9.45
terawatt-hours of clean, Class 1 renewable energy through long-term
contracts.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a
diversified energy and utility company with more than $31 billion
in assets and operations in 27 states. The company owns regulated
utilities and electricity generation assets through two primary
lines of business, Avangrid Networks and Avangrid Renewables.
Avangrid Networks is comprised of eight electric and natural gas
utilities, serving approximately 3.2 million customers in New York
and New England. Avangrid Renewables operates more than 6 gigawatts
of owned and controlled renewable generation capacity, primarily
through wind and solar, in 22 states across the United States.
AVANGRID employs approximately 6,800 people. For more information,
visit www.avangrid.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170727006126/en/
Media:AVANGRID, Inc.Michael A. West, Jr.,
203-499-3858Michael.West@avangrid.com
Avangrid (NYSE:AGR)
Historical Stock Chart
From Apr 2024 to May 2024
Avangrid (NYSE:AGR)
Historical Stock Chart
From May 2023 to May 2024