Market Summary
USD33.43+0.01
Market Closed0.03%
AGR Stock Price
AGR RSI Chart
AGR Valuation
AGR Price/Sales (Trailing)
AGR Profitability
AGR Fundamentals
AGR Revenue
AGR Earnings
Price Action
52 Week Range
33.1245.34
(Low)(High)
Last 7 days
-3.5%
Last 30 days
-3.5%
Last 90 days
-10.1%
Trailing 12 Months
-26.9%
AGR Financial Health
AGR Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for AGR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-06-30 | Cosgel Patricia C | sold (taxes) | -60,298 | 39.88 | -1,512 | svp- chief financial officer |
2023-06-30 | Tremble Scott | back to issuer | - | - | -1,625 | svp - controller |
2023-06-30 | Tremble Scott | acquired | - | - | 3,250 | svp - controller |
2023-06-30 | Mahoney R. Scott | back to issuer | - | - | -9,100 | svp - general counsel & sec. |
2023-06-30 | Mahoney R. Scott | acquired | - | - | 9,100 | svp - general counsel & sec. |
2023-06-30 | Azagra Blazquez Pedro | sold (taxes) | -194,654 | 39.88 | -4,881 | chief executive officer |
2023-06-30 | Miranda Soto Jose Antonio | sold (taxes) | -61,774 | 39.88 | -1,549 | see below |
2023-06-30 | Stempien Catherine S | sold (taxes) | -280,955 | 39.88 | -7,045 | see below |
2023-06-30 | Miranda Soto Jose Antonio | acquired | - | - | 4,940 | see below |
2023-06-30 | Cosgel Patricia C | acquired | - | - | 4,193 | svp- chief financial officer |
Which funds bought or sold AGR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 236,689 | 236,689 | -% |
2023-09-20 | BARCLAYS PLC | reduced | -30.25 | -685,000 | 1,325,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 36.00 | 284 | 1,281 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -213 | 3,655 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -10.14 | -159,689 | 898,367 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 22.87 | 452,744 | 3,331,990 | 0.01% |
2023-08-21 | JOHN G ULLMAN & ASSOCIATES INC | added | 67.8 | 1,117,960 | 3,027,960 | 0.47% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 11,688 | 11,688 | -% |
2023-08-16 | Sunbelt Securities, Inc. | sold off | - | -1.00 | 1.00 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -28.54 | -2,183,290 | 4,536,710 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Avangrid
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 07, 2022 | iberdrola, s.a. | 81.5% | 315,659,357 | SC 13G/A |
Recent SEC filings of Avangrid
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 17, 2023 | 4 | Insider Trading | |
| Jul 27, 2023 | 10-Q | Quarterly Report | |
| Jul 26, 2023 | 8-K | Current Report | |
| Jul 21, 2023 | 4 | Insider Trading | |
| Jul 21, 2023 | 8-K | Current Report | |
| Jul 21, 2023 | 8-K/A | Current Report | |
| Jul 18, 2023 | 8-K | Current Report | |
| Jul 14, 2023 | 3 | Insider Trading | |
| Jul 10, 2023 | 8-K | Current Report | |
| Jul 05, 2023 | 4 | Insider Trading |
AGR Fair Value
Loading...
Peers (Alternatives to Avangrid)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NEE | 137.0B | 26.9B | -0.28% | -18.55% | 16.92 | 5.08 | 54.09% | 213.91% |
AEP | 40.8B | 19.5B | -0.33% | -18.43% | 20.55 | 2.09 | 8.67% | -22.96% |
ES | 21.8B | 12.7B | -2.42% | -28.36% | 18.45 | 1.72 | 15.62% | -11.18% |
ETR | 20.4B | 13.3B | 1.10% | -14.39% | 14.97 | 1.53 | 7.85% | 11.40% |
AGR | 12.9B | 8.0B | -3.52% | -26.87% | 22.21 | 1.61 | 7.92% | -35.62% |
| MID-CAP | ||||||||
NRG | 8.9B | 30.4B | 3.68% | -5.91% | -4.33 | 0.29 | 5.56% | -159.74% |
PNW | 8.8B | 4.5B | -1.38% | 8.40% | 20.87 | 1.94 | 15.02% | -25.26% |
OGE | 7.0B | 3.1B | 2.15% | -12.63% | 15.98 | 2.23 | 10.79% | -52.42% |
IDA | 4.9B | 1.8B | 2.82% | -10.69% | 18 | 2.75 | 20.17% | 13.21% |
SJW | 2.0B | 641.5M | -6.71% | 0.22% | 22.26 | 3.07 | 10.61% | 68.66% |
HE | 1.4B | 3.9B | 3.96% | -64.84% | 6 | 0.36 | 21.12% | -4.51% |
| SMALL-CAP | ||||||||
UTL | 742.0M | 595.3M | -3.41% | -5.88% | 17.14 | 1.25 | 12.45% | 5.87% |
GNE | 386.4M | 361.4M | -3.53% | 62.21% | 5.95 | 1.07 | 16.69% | -15.66% |
MSEX | 1.2M | 167.5M | -14.19% | -19.26% | 0.03 | 0.01 | 11.84% | -6.17% |
Avangrid News
Returns for AGR
Cumulative Returns on AGR
-0.2%
7-Year Cumulative Returns
-4.3%
5-Year Cumulative Returns
-9.4%
3-Year Cumulative Returns
Risks for AGR
What is the probability of a big loss on AGR?
38.9%
Probability that Avangrid stock will be more than 20% underwater in next one year
0%
Probability that Avangrid stock will be more than 30% underwater in next one year.
0%
Probability that Avangrid stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AGR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Avangrid was unfortunately bought at previous high price.
Drawdowns
Financials for Avangrid
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -2.5% | 8,049 | 8,256 | 7,923 | 7,698 | 7,458 | 7,141 | 6,974 | 6,710 | 6,582 | 6,497 | 6,320 | 6,260 | 6,277 | 6,285 | 6,338 | 6,394 | 6,453 | 6,455 | 6,478 | 6,346 | 6,141 |
| EBITDA | -100.0% | - | 1,974 | 2,229 | 2,238 | 2,236 | 2,148 | 1,976 | 1,947 | 1,975 | 1,957 | 1,871 | 1,995 | 2,039 | 2,070 | 2,058 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.24* | 0.28* | 0.29* | 0.30* | 0.30* | 0.28* | 0.29* | 0.30* | 0.30* | 0.30* | 0.32* | 0.32* | 0.33* | 0.32* | - | - | - | - | - | - |
| Interest Expenses | 6.1% | 347 | 327 | 303 | 306 | 300 | 296 | 298 | 283 | 299 | 313 | 316 | 335 | 321 | 308 | 310 | 310 | 313 | 307 | 303 | 289 | 285 |
| Earnings Before Taxes | -17.9% | 446 | 543 | 841 | 863 | 887 | 824 | 664 | 669 | 685 | 661 | 568 | 657 | 733 | 797 | 812 | 710 | 701 | 704 | 757 | 95.00 | 64.00 |
| EBT Margin | -100.0% | - | 0.07* | 0.11* | 0.11* | 0.12* | 0.12* | 0.10* | 0.10* | 0.10* | 0.10* | 0.09* | 0.11* | 0.12* | 0.13* | 0.13* | - | - | - | - | - | - |
| Net Income | -14.5% | 582 | 681 | 881 | 898 | 904 | 818 | 707 | 709 | 685 | 675 | 581 | 638 | 701 | 723 | 700 | 596 | 571 | 568 | 595 | 399 | 373 |
| Net Income Margin | -100.0% | - | 0.08* | 0.11* | 0.12* | 0.12* | 0.11* | 0.10* | 0.11* | 0.10* | 0.10* | 0.09* | 0.10* | 0.11* | 0.12* | 0.11* | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -1,693 | -1,484 | -1,558 | -1,600 | -1,640 | -1,415 | -1,528 | -1,445 | -1,256 | -1,493 | -1,214 | -1,088 | -1,472 | -1,147 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.4% | 41,606 | 41,458 | 41,123 | 39,907 | 39,752 | 39,541 | 39,504 | 38,879 | 38,650 | 37,768 | 37,823 | 35,640 | 34,856 | 34,593 | 34,394 | 33,547 | 33,141 | 32,608 | 32,167 | 31,755 | 31,376 |
| Current Assets | -12.4% | 2,751 | 3,140 | 3,210 | 2,804 | 2,989 | 3,229 | 3,777 | 3,627 | 3,670 | 3,239 | 3,777 | 1,923 | 1,713 | 1,896 | 2,025 | 1,880 | 1,803 | 1,998 | 1,963 | 1,963 | 1,700 |
| Cash Equivalents | -19.4% | 58.00 | 72.00 | 69.00 | 60.00 | 414 | 651 | 1,477 | 1,414 | 1,733 | 817 | 1,467 | 106 | 51.00 | 32.00 | 184 | 108 | 172 | 38.00 | 43.00 | 40.00 | 57.00 |
| Net PPE | 1.6% | 31,737 | 31,249 | 30,994 | 30,406 | 30,063 | 29,719 | 28,866 | 28,158 | 27,648 | 27,168 | 26,751 | 26,432 | 25,882 | 25,488 | 25,196 | 24,750 | 24,373 | 23,555 | 23,459 | 23,125 | 22,917 |
| Goodwill | 0% | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,119 | 3,127 | 3,127 | 3,127 | 3,127 | 3,127 | 3,127 |
| Liabilities | 1.0% | 21,163 | 20,948 | 20,781 | 19,573 | 19,366 | 19,481 | 19,543 | 19,053 | 18,815 | 21,776 | 21,997 | 19,786 | 18,940 | 18,685 | 18,855 | 18,029 | 17,592 | 17,152 | 16,764 | 16,300 | 15,908 |
| Current Liabilities | 1.9% | 4,655 | 4,570 | 4,416 | 3,803 | 3,346 | 3,300 | 3,329 | 3,112 | 2,958 | 2,792 | 3,069 | 4,184 | 3,235 | 3,447 | 3,589 | 2,848 | 2,812 | 3,153 | 3,004 | 2,911 | 2,340 |
| Long Term Debt | -100.0% | - | 8,235 | 8,215 | - | - | - | 7,922 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Current | - | - | - | - | - | - | - | - | - | - | - | 313 | 813 | 523 | 726 | 730 | 232 | 374 | 325 | 394 | 523 | 362 |
| LT Debt, Non Current | - | - | - | - | 7,764 | 7,888 | 8,033 | 7,922 | 7,486 | 7,274 | 7,401 | 7,478 | 7,081 | 7,159 | 6,715 | 6,716 | 6,718 | 6,282 | 5,487 | 5,307 | 5,096 | 5,261 |
| Shareholder's Equity | -5.0% | 19,477 | 20,510 | 19,380 | 19,351 | 20,386 | 20,060 | 19,961 | 19,826 | 19,835 | 15,992 | 15,826 | 15,807 | 15,869 | 15,861 | 15,539 | 15,518 | 15,549 | 15,456 | 15,389 | 15,455 | 15,468 |
| Retained Earnings | -4.3% | 1,900 | 1,985 | 1,910 | 1,934 | 2,003 | 1,819 | 1,714 | 1,723 | 1,790 | 1,864 | 1,666 | 1,684 | 1,733 | 1,784 | 1,634 | 1,599 | 1,594 | 1,620 | 1,528 | 1,536 | 1,550 |
| Additional Paid-In Capital | 0.0% | 17,695 | 17,697 | 17,694 | 17,688 | 17,687 | 17,683 | 17,679 | 17,675 | 17,671 | 13,667 | 13,665 | 13,664 | 13,664 | 13,667 | 13,660 | 13,659 | 13,659 | 13,658 | 13,657 | 13,656 | 13,655 |
| Accumulated Depreciation | 2.1% | 12,035 | 11,789 | 11,542 | 11,302 | 11,071 | 10,830 | 10,589 | 10,421 | 10,185 | 10,028 | 9,799 | 9,713 | 9,493 | 9,262 | 9,059 | 8,886 | 8,692 | 8,518 | 8,359 | - | - |
| Shares Outstanding | 0.0% | 387 | 387 | 387 | 387 | 387 | 387 | 387 | 387 | 347 | 309 | 309 | 309 | 310 | 309 | 309 | 309 | 309 | 309 | 309 | 309 | 310 |
| Minority Interest | -3.7% | 966 | 1,003 | 962 | 983 | 976 | 879 | 885 | 724 | 596 | 611 | 617 | 631 | 638 | 582 | 349 | 368 | 414 | 298 | 299 | 327 | 333 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 12.8% | 960 | 851 | 1,035 | 1,461 | 1,515 | 1,524 | 1,561 | 1,190 | 1,255 | 1,406 | 1,288 | 1,436 | 1,655 | 1,580 | 1,588 | 1,708 | 1,615 | 1,499 | 1,781 | 1,758 | 1,821 |
| Share Based Compensation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.00 | - | - |
| Cashflow From Investing | -8.0% | -2,613 | -2,419 | -2,548 | -2,995 | -2,931 | -2,749 | -2,440 | -2,367 | -2,507 | -2,748 | -2,858 | -2,508 | -2,608 | -2,931 | -2,708 | -2,677 | -2,400 | -1,757 | -1,554 | -1,707 | -1,902 |
| Cashflow From Financing | 31.0% | 1,300 | 992 | 108 | 183 | 97.00 | 1,059 | 889 | 2,485 | 2,934 | 2,127 | 2,853 | 1,070 | 832 | 1,345 | 1,261 | 1,037 | 900 | 251 | -230 | -45.00 | 96.00 |
| Dividend Payments | 0% | 681 | 681 | 681 | 680 | 681 | 647 | 613 | 580 | 545 | 545 | 545 | 545 | 545 | 546 | 545 | 544 | 542 | 538 | 537 | 535 | 534 |
| Buy Backs | - | - | - | - | 31.00 | 31.00 | 31.00 | 33.00 | 2.00 | 2.00 | 4.00 | 2.00 | 2.00 | 2.00 | - | - | - | - | - | 4.00 | - | - |
AGR Income Statement
2023-06-30Condensed Consolidated Statements of Income (unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Operating Revenues | $ 1,587 | $ 1,794 | $ 4,053 | $ 3,927 |
| Operating Expenses | ||||
| Purchased power, natural gas and fuel used | 385 | 440 | 1,362 | 1,181 |
| Operations and maintenance | 634 | 693 | 1,395 | 1,344 |
| Depreciation and amortization | 285 | 271 | 565 | 532 |
| Taxes other than income taxes | 157 | 169 | 340 | 347 |
| Total Operating Expenses | 1,461 | 1,573 | 3,662 | 3,404 |
| Operating Income | 126 | 221 | 391 | 523 |
| Other Income and (Expense) | ||||
| Other income | 29 | 9 | 54 | 20 |
| Earnings from equity method investments | 4 | 6 | 6 | 259 |
| Interest expense, net of capitalization | (99) | (79) | (194) | (150) |
| Income Before Income Tax | 60 | 157 | 257 | 652 |
| Income tax expense (benefit) | 9 | (4) | (9) | 64 |
| Net Income | 51 | 161 | 266 | 588 |
| Net loss attributable to noncontrolling interests | 34 | 23 | 64 | 41 |
| Net Income Attributable to Avangrid, Inc. | $ 85 | $ 184 | $ 330 | $ 629 |
| Earnings Per Common Share, Basic (in dollars per share) | $ 0.22 | $ 0.48 | $ 0.85 | $ 1.63 |
| Earnings Per Common Share, Diluted (in dollars per share) | $ 0.22 | $ 0.48 | $ 0.85 | $ 1.62 |
| Weighted-average Number of Common Shares Outstanding: | ||||
| Basic (in shares) | 386,749,135 | 386,736,774 | 386,747,077 | 386,717,560 |
| Diluted (in shares) | 387,108,271 | 387,219,348 | 387,092,223 | 387,166,378 |
AGR Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 58 | $ 69 |
| Derivative assets | 66 | 60 |
| Fuel and gas in storage | 189 | 268 |
| Materials and supplies | 262 | 235 |
| Prepayments and other current assets | 308 | 386 |
| Regulatory assets | 512 | 447 |
| Total Current Assets | 2,751 | 3,210 |
| Total Property, Plant and Equipment ($2,687 and $2,707 related to VIEs, respectively) | 31,737 | 30,994 |
| Operating lease right-of-use assets | 196 | 159 |
| Equity method investments | 446 | 437 |
| Other investments | 44 | 49 |
| Regulatory assets | 2,468 | 2,321 |
| Other Assets | ||
| Goodwill | 3,119 | 3,119 |
| Intangible assets | 294 | 281 |
| Derivative assets | 147 | 140 |
| Other | 404 | 413 |
| Total Other Assets | 3,964 | 3,953 |
| Total Assets | 41,606 | 41,123 |
| Current Liabilities | ||
| Current portion of debt | 125 | 412 |
| Interest accrued | 64 | 66 |
| Accounts payable and accrued liabilities | 1,323 | 2,007 |
| Dividends payable | 170 | 170 |
| Taxes accrued | 54 | 61 |
| Operating lease liabilities | 14 | 13 |
| Derivative liabilities | 87 | 133 |
| Other current liabilities | 627 | 593 |
| Regulatory liabilities | 287 | 354 |
| Total Current Liabilities | 4,655 | 4,416 |
| Regulatory liabilities | 2,842 | 2,915 |
| Other Non-current Liabilities | ||
| Deferred income taxes | 2,296 | 2,234 |
| Deferred income | 1,129 | 1,062 |
| Pension and other postretirement | 474 | 491 |
| Operating lease liabilities | 195 | 161 |
| Derivative liabilities | 136 | 164 |
| Asset retirement obligations | 292 | 273 |
| Environmental remediation costs | 258 | 279 |
| Other | 568 | 563 |
| Total Other Non-current Liabilities | 5,348 | 5,227 |
| Total Non-current Liabilities | 16,508 | 16,365 |
| Total Liabilities | 21,163 | 20,781 |
| Commitments and Contingencies | ||
| Stockholders’ Equity: | ||
| Common stock, $.01 par value, 500,000,000 shares authorized, 387,747,130 and 387,734,757 shares issued; 386,645,258 and 386,628,586 shares outstanding, respectively | 3 | 3 |
| Additional paid in capital | 17,695 | 17,694 |
| Treasury stock | (47) | (47) |
| Retained earnings | 1,900 | 1,910 |
| Accumulated other comprehensive loss | (74) | (180) |
| Total Stockholders’ Equity | 19,477 | 19,380 |
| Non-controlling interests | 966 | 962 |
| Total Equity | 20,443 | 20,342 |
| Total Liabilities and Equity | 41,606 | 41,123 |
| Nonrelated Party | ||
| Current Assets | ||
| Accounts receivable and unbilled revenues, net | 1,351 | 1,737 |
| Current Liabilities | ||
| Notes payable | 1,862 | 566 |
| Other Non-current Liabilities | ||
| Non-current debt | 8,310 | 8,215 |
| Related Party | ||
| Current Assets | ||
| Accounts receivable and unbilled revenues, net | 2 | 5 |
| Notes receivable from affiliates | 3 | 3 |
| Current Liabilities | ||
| Notes payable | 6 | 2 |
| Accounts payable to affiliates | 36 | 39 |
| Other Non-current Liabilities | ||
| Non-current debt | $ 8 | $ 8 |
Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.8 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.