NEW YORK--(BUSINESS WIRE)--AVANGRID, Inc., a diversified energy and utility company with $30 billion in assets and operations in 25 states, commenced trading on the New York Stock Exchange today. The ticker symbol is AGR.
AVANGRID’s Chairman of the Board, Ignacio Galán, accompanied by the AVANGRID board of directors, celebrated the first day of trading for the new company by ringing the opening bell at NYSE this morning.
AVANGRID, Inc. (NYSE:AGR) is a diversified energy and utility company with $30 billion in assets and operations in 25 states. The company operates regulated utilities, electricity generation, and natural gas storage through three primary lines of business. Iberdrola USA Networks includes eight electric and natural gas utilities, serving 3.1 million customers in New York and New England. Iberdrola Renewables operates 6.3 gigawatts of electricity capacity, primarily through wind power, in states across the U.S. Iberdrola Energy Holdings operates 120 Bcf of owned or contracted natural gas storage and hub service facilities in the South and West. AVANGRID employs 7,000 people. The company was formed by a merger between Iberdrola USA and UIL Holdings in 2015. AVANGRID remains an affiliate of the Iberdrola Group, a worldwide leader in the energy industry.