North American company
Utilities - Regulated Electric
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Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. It is the combination of Iberdrola's U.S. regulated units and UIL Holdings. Renewables has historically focused on developing onshore wind projects but is looking to make significant developments in solar and offshore wind over the next five years. It operates more than 7.9 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.Avangrid Inc is a diversified energy and utility company with operations in more than 20 states. The company operates regulated utilities and electricity generation through two lines of business. Avangrid Networks and Avangrid Renewables.
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