AVANGRID
Avangrid, Inc. is a prominent energy services holding company based in Orange, Connecticut, operating primarily in the United States. The company functions through two main segments: Networks and Renewables. Avangrid Networks encompasses eight regulated electric and natural gas utilities that provide services to approximately 3.2 million customers across New York and New England. In addition to traditional utility services, Avangrid Renewables focuses on the development, construction, and operation of renewable energy facilities, primarily harnessing wind and solar power, with over 6 gigawatts of generation capacity across 22 states. Founded in 1852, Avangrid has approximately $32 billion in assets and employs around 6,800 individuals, playing a significant role in the energy sector. The company is a subsidiary of Iberdrola, S.A.
UIL Holdings
Acquisition in 2015
UIL Holdings Corporation, headquartered in New Haven, Connecticut, operates in the regulated utility sector, serving approximately 700,000 electric and natural gas customers across 67 communities in Connecticut and western Massachusetts. Founded in 1899, UIL Holdings is a subsidiary of Avangrid, Inc. The company encompasses several utilities, including The United Illuminating Company, which provides electricity transmission and delivery in Connecticut's Greater New Haven and Bridgeport areas, and natural gas distribution companies such as The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and Berkshire Gas Company. With total assets exceeding $5 billion, UIL Holdings employs over 1,850 individuals in the New England region, contributing to the reliability and efficiency of energy delivery in its service areas.
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