Avangrid Inc - Company Profile
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Business Segments
Overview
Owns, generates, transmits and distributes electricity and it also owns and operates distribution, transportation and sale of natural gas. Operates through eight regulated utilities: New York State Electric & Gas Corporation (NYSEG); Rochester Gas and Electric Corporation (RG&E); The United Illuminating Company (UI); Central Maine Power Company (CMP); The Southern Connecticut Gas Company (SCG); Connecticut Natural Gas Corporation (CNG); The Berkshire Gas Company (BGC); and Maine Natural Gas Corporation (MNG). Serves customers in New York, Marine, Massachusetts, and Connecticut. In FY2023, the segment’s capital expenditure stood at US$2,192 million, which grew 21.6% YoY.
Performance
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Overview
Designs, develops, constructs and manages and operates renewable plants. It operates in wind, solar, biomass and thermal energy. In FY2023, the segment’s capital expenditure stood at US$768 million, which grew 8.5% YoY.
Performance
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Overview
Includes corporate revenues and intersegment eliminations. In FY2023, the segment’s capital expenditure stood at US$12 million, which grew 50% YoY.
Performance
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