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
Headquartered in New Haven, Connecticut, UIL Holdings Corporation (NYSE:UIL) is a diversified energy delivery company serving approximately 700,000 electric and natural gas utility customers in 67 communities across two states, with combined total assets of over $5 billion. UIL Holdings is the parent company for The United Illuminating Company (UI), The Southern Connecticut Gas Company (SCG), Connecticut Natural Gas Corporation (CNG), and The Berkshire Gas Company (Berkshire), each more than 100 years old. UI provides for the transmission and delivery of electricity and other energy related services for Connecticut’s Greater New Haven and Bridgeport areas. SCG and CNG are natural gas distribution companies that serve customers in Connecticut, while Berkshire serves natural gas customers in western Massachusetts. UIL Holdings employs more than 1,850 people in the New England region.
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