Criterion News

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• 2/28/2023 - AVANGRID Announces... (subscriber access)
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• 5/26/2021 - NRC Approves Merger of... (subscriber access)
• 4/21/2021 - FERC Approves Merger... (subscriber access)
• 3/8/2021 - U.S. Department of the... (subscriber access)
• 7/28/2020 - WEC Energy Acquiring... (subscriber access)
• 7/29/2019 - Vineyard Wind Faces... (subscriber access)
• 1/8/2019 - WEC Energy Group... (subscriber access)
• 12/28/2017 - AVANGRID Expecting to Realize a One-Time Gain Related to Tax Reform Legislation
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• 12/7/2017 - Central Maine Power... (subscriber access)

Press Releases

1/19/2021 - Tatanka Ridge Wind Farm Achieves Commercial Operation
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Tatanka Ridge Wind Farm Achieves Commercial Operation
Source: PR Newswire
Orignial Article: https://contentapi.cision...
LA CROSSE, Wis., Jan. 19, 2021 /PRNewswire/ -- Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR) completed commissioning of the 154.8 megawatt (MW) Tatanka Ridge Wind Farm on January 5, 2021. The facility's 56 wind turbines are located in Deuel County, S.D., northeast of Brookings. The facility is owned by Tatanka Ridge Wind, LLC, which is jointly owned by Avangrid Renewables (15%) and WEC Energy Group (NYSE: WEC) (85%).
Dairyland Power Cooperative has a power purchase agreement with Tatanka Ridge Wind, LLC, for

51.6 MW of renewable energy. Dairyland's portion of Tatanka Ridge's output will deliver enough renewable energy to power approximately 16,000 homes. The balance of the project's generation is contracted to a large commercial customer.
"Dairyland is pleased to work with Avangrid Renewables and WEC Energy Group on an efficient and sustainable facility that supports our transition to a lower carbon future," said Brent Ridge, Dairyland President and CEO. "Diversification of resources is a key element of Dairyland's Sustainable Generation Plan, making Tatanka Ridge a valuable addition to our cooperative's renewable energy portfolio."
Dairyland and Avangrid Renewables have collaborated twice before on wind energy facilities, Barton Wind (Kensett, Iowa) and Winnebago Wind (Thompson, Iowa).
"Avangrid Renewables has been pleased to work with Dairyland Power to make Tatanka Ridge a reality," said Alejandro de Hoz, President and CEO of Avangrid Renewables. "Partners such as Dairyland have helped to build the wind industry in the Midwest and drive the transition to a clean energy future."
Tatanka Ridge encompasses approximately 18,000 acres of primarily corn and soybean farms and cattle ranches, leased from over 100 landowners. Between land lease payments and taxes, the wind farm will provide $1.7 million of local economic benefits annually over the life of the project.
In July 2020, Avangrid Renewables announced the sale of an 85% ownership interest in Tatanka Ridge Wind, LLC, to WEC Energy Group of Milwaukee. This transaction closed in December 2020.
About Dairyland Power Cooperative:  Dairyland, a Touchstone Energy Cooperative, was formed in December 1941. Headquartered in La Crosse, Wis., Dairyland provides the wholesale electrical requirements for 24 distribution cooperatives and 17 municipal utilities. These cooperatives and municipals, in turn, supply the energy needs of more than a half-million people in the four-state service area. Visit DairylandPower.com.
About Avangrid Renewables: Avangrid Renewables, LLC, is a subsidiary of AVANGRID, Inc., and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. Visit avangridrenewables.com. 
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $36 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Conn., AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. Visit avangrid.com. 
About WEC Energy Group: WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest. WEC Energy Group is a Fortune 500 company and a component of the S&P 500. The company has approximately 45,000 stockholders of record, 7,500 employees and $35 billion of assets.
 
View original content:http://www.prnewswire.com/news-releases/tatanka-ridge-wind-farm-achieves-commercial-operation-301210929.html
SOURCE Dairyland Power Cooperative

Article Date
1/19/2021
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12/2/2020 - AVANGRID and EV Connect Partner on Advanced Electric Vehicle Data Services
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AVANGRID and EV Connect Partner on Advanced Electric Vehicle Data Services
Source: PR Newswire
ORANGE, Conn., Dec. 2, 2020 /PRNewswire/ -- AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, and EV Connect, a company that helps its clients manage and deliver networks of electric vehicle (EV) chargers, announced that they have entered into an agreement that will provide AVANGRID with advanced data analytics that will help the company direct investments and inform EV programming.
Access to EV Connect data services will help AVANGRID accurately forecast EV electricity needs, assess and analyze future impacts on the grid and inform infrastructure planning to support a robust EV charging ecosystem that anticipates EV growth on the road. AVANGRID will also use the EV Connect data to develop models to serve the future daily charging needs for commercial, industrial and home charging segments, while also planning for electrification of its own fleet.
"To maintain our edge as a leading sustainable energy company, we must meet the demands for a decarbonized economy through strategic investments focused on the customer," said AVANGRID Senior Director of Smart Grids Innovation and Planning Rita King. "This partnership with EV Connect not only supports our innovative sustainability goals, but it also puts us on the right path for EV infrastructure planning at a large scale using real-time data."
As a leading software-as-a-service company whose platform allows site owners and utilities to quickly deploy, manage and grow customized EV charging networks, EV Connect will provide AVANGRID the opportunity to evaluate a comprehensive platform for managing large-scale, networked EV charging.
"The real-world insights and aggregate view of data EV Connect is providing AVANGRID can be used to visualize customer segments usage and make informed decisions about deployment and future planning for grid impacts," said Ram Ambatipudi, vice president of Business Development at EV Connect. "We look forward to helping AVANGRID expand their EV charging programs with precision and plan for power demand expansion as EV charging scales up in their service areas." 
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $36 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.
About EV Connect: EV Connect is on a mission to build a better planet by enabling electricity as a transportation fuel. Through its innovative and open charging platform, EV Connect simplifies the set-up, management, and optimization of charging stations with premium customer service, from installation to driver support. EV Connect guides companies of all sizes in managing networks of chargers and delivering a seamless EV charging experience that empowers drivers.
Established in 2009, EV Connect customers include Avista Utilities, Love's Travel Stops, Verizon, Marriott, Hilton, Western Digital, Electrify America, ADP, New York Power Authority, and numerous municipalities. For information about how EV Connect can support utilities and EV charging initiatives in their respective service areas, please visit https://www.evconnect.com/utility.     
Media Contacts:
AVANGRID:
Athena Hernandez
athena.hernandez@avangrid.com
203.231.2146 (business hours)
833.MEDIA.55 (833.633.4255)
EV Connect:
Technica Communications for EV Connect
Christian Zdebel
christian@technicacommunications.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/avangrid-and-ev-connect-partner-on-advanced-electric-vehicle-data-services-301183410.html
SOURCE EV Connect

Article Date
12/2/2020
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10/21/2020 - AVANGRID and PNM Resources to Combine in Strategic Merger Transaction
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AVANGRID and PNM Resources to Combine in Strategic Merger Transaction
Source: PR Newswire
ALBUQUERQUE, N.M., Oct. 21, 2020 /PRNewswire/ --
• Transaction merges two strategically aligned, premier companies to create a large, diversified national regulated utility and renewable energy platform with approximately $14 billion of rate base, more than 4 million electric and natural gas utility customers and more than 7.4 gigawatts of renewable energy assets
• PNM Resources shareholders to receive $50.30 cash per share of common stock held at closing of the transaction
• New combined company's largest shareholder will be Iberdrola, S.A., the third largest electricity company in the world and a leading global renewable energy company
• Combined company will have a strong financial profile, a solid investment grade balance sheet and robust cash flow profile, supported by the unparalleled global resources of Iberdrola
• Continued commitment to exit coal with the approved abandonment of the San Juan coal plant in 2022 and continued efforts to exit Four Corners coal plant prior to the expiration of ownership and coal supply agreements in 2031
PNM Resources (NYSE: PNM) today announced with AVANGRID (NYSE: AGR) that they have entered into a definitive agreement under which AVANGRID will acquire all the outstanding shares of PNM Resources. The agreement, which has been unanimously approved by both companies' Boards of Directors, creates a leading U.S. regulated utility and renewable energy platform.
Under the terms of the agreement, PNM Resources shareholders will receive $50.30 in cash for each share of PNM Resources common stock held at closing, representing an equity value of approximately $4.3 billion. The proposed transaction implies a 19.3% premium to PNM Resources 30-day volume weighted average price (VWAP) as of 10/20/20.            
"We are excited to be part of this transaction that provides so many benefits to our customers, communities, employees and shareholders," said Pat Vincent-Collawn, Chairman, President and CEO of PNM Resources. "Our combined companies provide greater opportunities to invest in the infrastructure and new technologies that will help us navigate our transition to clean energy while maintaining our commitments to our local teams and communities."
COMBINED COMPANY
The combination creates a larger, more diversified regulated utility and renewable energy company with electric and gas utilities in complementary geographies. Regulated utility operations expand under the transaction and provide increased operational and regulatory diversification, serving more than 4 million electric and natural gas customers of 10 regulated utilities across New York, Connecticut, Maine, Massachusetts, New Mexico, and Texas. These combined operations are supported by $14 billion of rate base, including more than 104,000 miles of electric transmission and distribution lines. 
AVANGRID is the third largest wind operator in the U.S. and is a leading sustainable energy company with more than 7.4 gigawatts of installed wind and solar capacity. The strategic combination with PNM Resources also provides a platform for AVANGRID to expand its renewables business in the Southwest beyond its existing 1.9-gigawatt capacity wind projects in New Mexico and Texas and 200 megawatts of wind and solar capacity in Arizona. The scope and diversity of the combined business results in greater ability to invest in energy efficiency and new technologies.
The combined company's robust financial profile will provide flexibility to pursue near- and long-term growth opportunities, particularly in electric transmission and renewable energy. Through AVANGRID's parent company, Iberdrola, S.A., the combined company will have access to extensive financial resources to support this growth profile.
Ignacio Galán, Iberdrola and Avangrid Chairman: "This transaction is a consequence of the IBERDROLA Group's disciplined strategy followed over more than 20 years. This is a friendly transaction, focused on regulated businesses and renewables in highly rated states with legal and regulatory stability and predictability offering future growth opportunities."
Dennis Arriola, Avangrid's CEO who will remain as CEO of the combined Company said: "This merger between Avangrid and PNM Resources is a strategic fit and helps us further our growth in both clean energy distribution and transmission, as well as helping to expand our growing leadership position in renewables. Our two companies also share the same values as we both are passionate about our customers, employees, and the communities we serve. In addition, both AVANGRID and PNM Resources are leaders in environmental, social and governance issues that impact our stakeholders."
OTHER INFORMATION
The combined company recognizes the value that local management's knowledge and expertise bring to serving the communities in which its businesses operate. PNM Resources operations will continue to be overseen locally and the current headquarters of the utilities in New Mexico and Texas will remain. Customers of Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), the wholly-owned regulated utility subsidiaries of PNM Resources, will benefit from the shared knowledge and technology across a global organization. The combined entity will have access to greater resources to continue providing safe and reliable service that supports an accelerated transition to clean energy and provides customer value.
Pat Vincent-Collawn will step down as Chairman, President and Chief Executive Officer upon closing of the transaction. Don Tarry, current Chief Financial Officer of PNM Resources, will oversee the continuing operations of PNM and TNMP. Two directors from the current PNM Resources Board will serve as independent directors of AVANGRID. One director from the current PNM Resources Board will also serve on the Board of the Avangrid Networks business.
PNM remains committed to exiting coal through the approved abandonment of San Juan Generating Station in 2022 and the continued efforts to exit its 200-megawatt ownership interest in the Four Corners Power Plant earlier than originally planned. PNM sees the potential for additional customer savings by exiting the plant sooner than the expiration of the ownership and coal supply agreements in 2031. An earlier exit from Four Corners also opens the door for the combined company to bring additional renewable resources onto the grid in support of New Mexico's increasing renewable energy standards and 2045 carbon-free mandate.
The transaction is subject to PNM Resources shareholder approval, regulatory approvals from the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission, Department of Justice (Hart Scott-Rodino Clearance), Nuclear Regulatory Commission, Federal Communications Commission and Committee on Foreign Investment in the United States, and other customary closing conditions. The transaction is expected to close between October and December 2021.
ADVISORS
Evercore served as exclusive financial advisor and Troutman Pepper served as legal advisor to PNM Resources. BNP Paribas served as exclusive financial advisor and Latham & Watkins served as legal advisor to AVANGRID.
CONFERENCE CALL
PNM Resources will discuss today's announcement during a live conference call and audio webcast on Wednesday, October 21^st at 11 a.m. Eastern. Speaking on the call will be Pat Vincent-Collawn, PNM Resources chairman, president and CEO, Chuck Eldred, PNM Resources executive vice president of corporate development and finance, and Don Tarry, PNM Resources senior vice president and CFO.
A live webcast of the call will be archived at http://www.pnmresources.com/investors/events.cfm. Listeners are encouraged to visit the website at least 30 minutes before the event to register, download and install any necessary audio software. 
Investors and analysts can participate in the live conference call by pre-registering using the following link to receive a special dial-in number and PIN: http://dpregister.com/10149441. Telephone participants who are unable to pre-register may participate in the live conference call by dialing (877) 276-8648 or (412) 317-5474 fifteen minutes prior to the event and referencing "the PNM Resources conference call". Supporting material for the call can be viewed and downloaded at http://www.pnmresources.com/investors/events.cfm.
Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2019 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,811 megawatts of generation capacity and provides electricity to approximately 790,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.
Avangrid, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $35 billion in assets and operations in 24 states in the United States that holds the U.S. energy operations of its parent, Iberdrola. With headquarters in Orange, Connecticut, Avangrid has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States.
PNM RESOURCES CONTACTS:
Analysts	Media
Lisa Goodman	Ray Sandoval
(505) 241-2160	(505) 241-2782
Additional Information about the Proposed Transaction and Where to Find It
The proposed business combination transaction between PNM Resources and Avangrid will be submitted to the shareholders of PNM Resources for their consideration. PNM Resources will file a proxy statement and other documents with the Securities and Exchange Commission (the "SEC") regarding the proposed business combination transaction. This document is not a substitute for the proxy statement or any other document which PNM Resources may file with the SEC and send to PNM Resources' shareholders in connection with the proposed business combination transaction. INVESTORS AND SECURITY HOLDERS OF PNM RESOURCES ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PNM RESOURCES AND THE PROPOSED TRANSACTION. You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC's website (www.sec.gov). You may also obtain these documents, free of charge, from PNM Resources' website (https://www.pnmresources.com/) under the tab "Investor" and then under the heading "SEC Filings."
Participants in the Solicitation
Avangrid, PNM Resources, their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction under the rules of the SEC.  Information about PNM Resources' directors and executive officers is set forth in its definitive proxy statement for its 2020 Annual Meeting of Shareholders, which was filed with the SEC on March 31, 2020, and its Form 10-K filed with the SEC on March 2, 2020.  These documents can be obtained free of charge from the sources indicated above.  Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction will be included in the proxy statement and other relevant materials PNM Resources intends to file with the SEC.
FORWARD-LOOKING STATEMENTS
Statements made in this press release that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995.  These forward-looking statements generally include statements regarding the potential transaction between PNM Resources and Avangrid, including any statements regarding the expected timetable for completing the potential merger, the ability to complete the potential merger, the expected benefits of the potential merger, projected financial information, future opportunities, and any other statements regarding PNM Resources' and Avangrid's future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. Neither Avangrid nor PNM Resources assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, Avangrid and PNM Resources caution readers not to place undue reliance on these statements. Avangrid's and PNM Resources' business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see PNM Resources' Form 10-K and Form 10-Q filings and the information filed on PNM Resources' Forms 8-K with the SEC, which factors are specifically incorporated by reference herein and the risks and uncertainties related to the proposed merger with Avangrid, including, but not limited to: the expected timing and likelihood of completion of the pending merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the failure by Avangrid to obtain the necessary financing arrangement set forth in commitment letter received in connection with the merger, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the possibility that PNM Resources' shareholders may not approve the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed merger in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed merger, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of PNM Resources to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally.  Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
 
View original content to download multimedia:http://www.prnewswire.com/news-releases/avangrid-and-pnm-resources-to-combine-in-strategic-merger-transaction-301156551.html
SOURCE PNM Resources, Inc.

Article Date
10/21/2020
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7/28/2020 - WEC Energy Group to acquire 85% ownership in Tatanka Ridge Wind Farm
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WEC Energy Group to acquire 85% ownership in Tatanka Ridge Wind Farm
Source: PR Newswire
MILWAUKEE, July 28, 2020 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire an 85% ownership interest in Tatanka Ridge Wind Farm, under construction in Deuel County, South Dakota.
The project is being developed by Avangrid Renewables, LLC, a wholly-owned subsidiary of Avangrid, Inc. (NYSE: AGR). Commercial operation is expected to begin by early 2021. The project has long-term offtake agreements for 100% of the energy produced with a multinational investment grade company and a well-established electric cooperative that serves utilities in multiple states.
The Tatanka Ridge site will consist of 56 wind turbines with a combined capacity of 155 megawatts. WEC Energy Group's investment is expected to total $235 million for the 85% ownership interest and substantially all of the tax benefits.
"This is the latest in a series of investments that fit exceptionally well with our strategy of deploying capital in renewable energy assets that will serve strong, vibrant customers for years to come," said Gale Klappa, executive chairman.
The WEC Energy Group investment is expected to be eligible for 100% bonus depreciation. The transaction is subject to receiving all necessary regulatory approvals.
WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota.
The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest.
WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 45,000 stockholders of record, 7,500 employees and $35 billion of assets.
Forward-looking Statements
Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding tax impacts, investment amounts, and completion of projects. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans," "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms.
Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company's service territories; timing, resolution and impact of rate cases and other regulatory decisions; the company's ability to continue to successfully integrate the operations of its subsidiaries; availability of the company's generating facilities and/or distribution systems; any impacts related to the COVID-19 pandemic; unanticipated changes in fuel and purchased power costs; key personnel changes; varying weather conditions; continued industry restructuring and consolidation; continued adoption of distributed generation by the company's customers; energy conservation efforts; the company's ability to successfully acquire and/or dispose of assets and projects; cyber-security threats and data security breaches; construction risks; equity and bond market fluctuations; changes in the company's and its subsidiaries' ability to access the capital markets; the impact of tax reform and any other legislative and regulatory changes, including changes to environmental standards; political developments; current and future litigation and regulatory investigations; changes in accounting standards; the financial performance of American Transmission Co. as well as projects in which the company's energy infrastructure business invests; the ability of the company to obtain additional generating capacity at competitive prices; goodwill and its possible impairment; and other factors described under the heading "Factors Affecting Results, Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" contained in the company's Form 10-K for the year ended Dec. 31, 2019, and in subsequent reports filed with the Securities and Exchange Commission. The company expressly disclaims any obligation to publicly update or revise any forward-looking information.
View original content:http://www.prnewswire.com/news-releases/wec-energy-group-to-acquire-85-ownership-in-tatanka-ridge-wind-farm-301100833.html
SOURCE WEC Energy Group

Article Date
7/28/2020
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1/13/2020 - GP Strategies Wins Supplier of the Year Award for Health and Safety from AVANGRID
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GP Strategies Wins Supplier of the Year Award for Health and Safety from AVANGRID
Source: PR Newswire
COLUMBIA, Md., Jan. 13, 2020 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) is pleased to announce it has won the 2019 Supplier of the Year Award for Health and Safety from AVANGRID, a leading diversified energy company. The award was presented to GP Strategies during a ceremony near AVAGRID's headquarters in Orange, Connecticut.
GP Strategies has a deep history, spanning over 50 years, of providing world-class technical training, consulting, and engineering services to the energy sector, one of the most highly regulated and technically complex markets in the world. GP Strategies' expertise is critical when it comes to supporting health, safety, and compliance practices in the industry.
AVANGRID is a sustainable energy company operating eight electric and natural gas companies serving 3.3 million customers in New York and New England, as well as a renewable energy business with facilities in 22 states. With 6,500 employees, health and safety is a major concern.
"Safety is a core value. We say this often at AVANGRID because we believe it, and we work to reinforce it every day," stated Dave LaBelle, AVANGRID's Vice President of Environmental Health and Safety. "GP Strategies shares our philosophy that well-equipped, adaptable employees are our most valuable asset. Providing them with the tools and training to be successful in new and innovative ways is critical to our success as an organization."
"We are honored to win this Supplier of the Year Award from AVANGRID. Our work with AVANGRID has been supported by multiple GP Strategies offices, from Tampa to Portland, all focused on bringing our best to the customer. To have that effort recognized with such a meaningful award is significant to our teams and affirms the quality of work we deliver to our customers," said Eric Rodgers, Senior Vice President, Engineering and Technical Services, GP Strategies.
Through 2022, AVANGRID is expected to invest nearly $12 billion in renewable power generation, gas distribution, and electrical transmission and distribution, paving the way for ongoing collaboration opportunities with GP Strategies. The two companies have just embarked on a partnership to design AVANGRID's future learning strategy.
"We don't plan on resting on our laurels," commented Rodgers. "We look forward to serving AVANGRID on many fronts. This recognition inspires us to make an even bigger performance impact for AVANGRID in the future."
About GP Strategies 
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, digital learning solutions, management consulting, and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting, and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information can be found at gpstrategies.com. 
About AVANGRID
AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $34 billion in assets and operations in 24 U.S. states. AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England. Avangrid Renewables owns and operates 7.2 gigawatts of electricity capacity, primarily through wind power, with a presence in 22 states across the United States. AVANGRID employs approximately 6,500 people. AVANGRID supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2019 by the Ethisphere Institute. For more information, visit www.avangrid.com. 
© 2020 GP Strategies Corporation. All rights reserved. GP Strategies and GP Strategies with logo design are registered trademarks of GP Strategies Corporation.
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SOURCE GP Strategies Corporation

Article Date
1/13/2020
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5/23/2019 - Dairyland & Avangrid Renewables Announce New Wind Contract
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Dairyland & Avangrid Renewables Announce New Wind Contract
Source: PR Newswire
LA CROSSE, Wis., May 23, 2019 /PRNewswire/ -- Dairyland Power Cooperative has finalized a power purchase agreement with Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), for 52 megawatts (MW) of renewable energy from the Tatanka Ridge Wind Farm proposed for Deuel County, SD, northeast of Brookings.
Dairyland's portion of Tatanka Ridge's output would represent enough renewable energy to power approximately 16,000 homes. Avangrid Renewables is the owner and developer of the facility.
"Diversifying our generation mix is a key strategic priority for Dairyland and our cooperative membership. Tatanka Ridge will significantly increase our investment in sustainable, renewable energy," said Rob Palmberg, Dairyland Vice President, Strategic Planning. "Dairyland has collaborated twice with Avangrid Renewables on existing wind energy projects and we are excited to work together again."
The 154.8 MW Tatanka Ridge would encompass approximately 18,000 acres of primarily corn and soybean farms and cattle ranches, leased from more than 100 landowners. Between land lease payments and taxes, the wind farm would inject $1.7 million of economic benefits annually. The project will generate wind energy from 56 GE wind turbines, with construction anticipated to begin later this year. Commercial operation is expected by year-end 2020.
"Repeat customers like Dairyland understand how these partnerships and projects create long-term positive impacts in the communities where we build," said Barrett Stambler, Avangrid Renewables' Vice President of Origination. "Helping to diversify their generation portfolio with clean, competitive energy supply will also deliver new investment in South Dakota."
About Dairyland Power Cooperative:  Dairyland, a Touchstone Energy Cooperative, was formed in December 1941. Headquartered in La Crosse, Wis., Dairyland provides the wholesale electrical requirements for 24 distribution cooperatives and 17 municipal utilities. These cooperatives and municipals, in turn, supply the energy needs of more than a half-million people in the four-state service area. For more information, visit www.DairylandPower.com.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $32 billion in assets and operations in 24 U.S. states. AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.2 million customers in New York and New England. Avangrid Renewables owns and operates 7.1 gigawatts of electricity capacity, primarily through wind power, with a presence in 22 states across the United States. AVANGRID employs approximately 6,500 people. AVANGRID supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2019 by the Ethisphere Institute. For more information, visit www.avangrid.com.
About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with one of the largest renewable asset bases of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.com.  
 
View original content:http://www.prnewswire.com/news-releases/dairyland--avangrid-renewables-announce-new-wind-contract-300855974.html
SOURCE Dairyland Power Cooperative

Article Date
5/23/2019
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1/8/2019 - WEC Energy Group acquires 80 percent ownership in Coyote Ridge Wind Farm
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WEC Energy Group acquires 80 percent ownership in Coyote Ridge Wind Farm
Source: PR Newswire
MILWAUKEE, Jan. 8, 2019 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company has acquired an 80 percent ownership interest in Coyote Ridge Wind Farm, under construction in Brookings County, South Dakota.
The Coyote Ridge project is being developed and will be operated by Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR). The wind farm is expected to be in service by the end of 2019. The project has a long-term offtake agreement with Google Energy LLC for 100 percent of the energy produced.  
The Coyote Ridge site consists of 39 GE wind turbines with a combined capacity of 97 megawatts. WEC Energy Group's investment will total $145 million for the 80 percent ownership interest and substantially all of the tax benefits.
"We continue to see promising opportunities to deploy capital in renewable energy assets that will serve strong, growing companies for years to come," said Gale Klappa, chairman and chief executive officer of WEC Energy Group.
Under the new tax rules, the WEC Energy Group investment is expected to be eligible for 100 percent bonus depreciation. The transaction has received all necessary regulatory approvals.
WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota.
The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants.
WEC Energy Group (wecenergygroup.com), is a Fortune 500 company and a component of the S&P 500. The company has approximately 50,000 stockholders of record, 8,000 employees, and more than $31 billion of assets.
Forward-looking Statements
Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements.  Readers are cautioned not to place undue reliance on these statements.  Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding tax impacts and investment amounts related to the project.  In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans" "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms.
Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: the impact of tax reform and any other legislative and regulatory changes, including changes to existing and/or anticipated environmental standards; construction risk; and other factors described under the heading "Factors Affecting Results, Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" contained in the company's Form 10-K for the year ended Dec. 31, 2017 and in subsequent reports filed with the Securities and Exchange Commission.  The company expressly disclaims any obligation to publicly update or revise any forward-looking information.
 
 
View original content:http://www.prnewswire.com/news-releases/wec-energy-group-acquires-80-percent-ownership-in-coyote-ridge-wind-farm-300774483.html
SOURCE WEC Energy Group

Article Date
1/8/2019
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3/2/2018 - Castleton Commodities International LLC Completes Acquisition of Avangrid Inc.'s Gas Trading Business
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Castleton Commodities International LLC Completes Acquisition of Avangrid Inc.'s Gas Trading Business
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
STAMFORD, Conn., March 2, 2018 /PRNewswire/ -- Castleton Commodities International LLC ("CCI") announced it has closed on the acquisition, through one of its subsidiaries, of Enstor Energy Services, LLC ("EES"), the gas trading business of Avangrid Renewables Holdings, Inc., a wholly-owned subsidiary of Avangrid, Inc..
"The EES acquisition increases our activities in the North American wholesale natural gas market." said Robert Ruckman, Head of CCI's U.S. Natural Gas Trading group. "We are pleased to add this business to CCI's broader natural gas platform and remain focused on pursuing strategic growth opportunities through targeted principal investments."
CCI's U.S. Natural Gas business consistently ranks among the top marketers of natural gas in the U.S. transacting on approximately 100 pipelines and over 60 storage facilities to create a geographically diverse portfolio of natural gas assets.
About Castleton Commodities International LLC
CCI is a global commodity merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations and development of commodities-related upstream and infrastructure assets. CCI markets a broad range of physical commodities including electric power, natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, base metals, and petrochemicals. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.
About AVANGRID
AVANGRID, Inc. (NYSE: AGR) is a diversified energy and utility company with more than $32 billion in assets and operations in 27 states. The company owns regulated utilities and electricity generation assets through two primary lines of business, Avangrid Networks and Avangrid Renewables. Avangrid Networks is comprised of eight electric and natural gas utilities, serving approximately 3.2 million customers in New York and New England. Avangrid Renewables operates more than 6 gigawatts of owned and controlled renewable generation capacity, primarily through wind and solar, in 22 states across the United States. AVANGRID employs approximately 6,800 people. For more information, visit www.avangrid.com.
 
View original content with multimedia:http://www.prnewswire.com/news-releases/castleton-commodities-international-llc-completes-acquisition-of-avangrid-incs-gas-trading-business-300607415.html
SOURCE Castleton Commodities International LLC

Article Date
3/2/2018
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4/5/2016 - Eversource and United Illuminating Honored by EPA as a 2016 ENERGY STAR® Partner of the Year
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Eversource and United Illuminating Honored by EPA as a 2016 ENERGY STAR® Partner of the Year
Source: PR Newswire
Orignial Article: http://www.prnewswire.com...
NEW BRITAIN, Conn., April 5, 2016 /PRNewswire/ -- The U.S. Environmental Protection Agency (EPA) has recognized Energize Connecticut partners Eversource, The United Illuminating Company (UI), Connecticut Natural Gas and Southern Connecticut Gas as a 2016 ENERGY STAR® Partner of the Year for Energy Efficiency Program Delivery.
The ENERGY STAR Partner of the Year Award, one of the EPA's highest honors, highlights outstanding commitments to the creation and promotion of environmentally responsible energy efficiency initiatives. The Program Delivery category specifically recognizes states, utilities, and organizations that create and support innovative energy efficiency programs that provide benefits to their communities and customers.
"As a leader in ENERGY STAR program implementation, Eversource and UI are helping transform the energy efficiency market," said EPA Administrator Gina McCarthy. "Using ENERGY STAR resources, these companies are expanding access to energy-saving practices to grow the economy and protect the environment."
Together, UI and Eversource administer Energize Connecticut programs, an initiative to help consumers save money and use clean, affordable energy. ENERGY STAR resources and products are a component of several of these programs.
"Our longstanding relationship with the EPA and the ENERGY STAR brand allows us to better inform and educate our customers, helping them make smart energy choices," said Anthony Marone, Senior Vice President, Customer & Business Services for UI, SCG and CNG. "We look forward to expanding our efforts to provide a positive impact to our residential and business customers alike."
"We'll continue to support and engage our customers to help them become more energy efficient," said Penni Conner, Chief Customer Officer and Senior Vice President of Customer Care for Eversource Energy. "With Connecticut being among the national leaders in energy efficiency, the continued strength of these programs and ENERGY STAR products is crucial as we reach out to the next generation of consumers."
Representatives from both companies will be recognized at an awards ceremony in Washington, D.C. on April 13.
In 2015, the Eversource and UI accomplished the following in Connecticut:
• Increased sales of ENERGY STAR certified LED bulbs to more than 2.1 million in 2015, representing 57 percent of the lighting product mix in Connecticut and a 400 percent increase since 2013.
• Incentivized the sale of almost 12,000 ENERGY STAR certified HVAC and water heating products, representing savings of almost 3.2 million kWh annually and 42.3 million kWh over the lifetime of the measures, and an increase of over 900 percent in some equipment categories compared to sales in 2013.
• Expanded partnerships with heating and water heating distributors and contractors in the state to encompass 99 percent of all equipment distributors, 100 percent of water heating retailers, and more than 480 equipment installation contractors.
• Focused on reaching underserved market segments, including elderly, bilingual, and low-income customers. In 2015, the Retail Products program expanded to promote ENERGY STAR certified light bulbs to over 220 discount chains and small local demographic stores or bodegas, and worked with manufacturers to provide ENERGY STAR educational and marketing materials in other languages such as Spanish and Chinese, helping to drive the sale of more than 126,000 ENERGY STAR certified bulbs to underserved markets statewide.
• Opened the new, expanded Energize Connecticut Center in North Haven, Connecticut, which hosts school tours, community events, seminars, and small meetings for industry partners and local businesses. The Center supports all Energize Connecticut programs, and heavily features ENERGY STAR throughout its many exhibits. Since opening in April 2015, the Center has already welcomed over 11,000 visitors and hosted 125 school tours.
• Worked with over 150 municipalities across Connecticut to benchmark more than 1,500 public buildings using the EPA Portfolio Manager, and used these results as the basis for the development of municipal action plans that lay out specific energy efficiency improvements to achieve 20 percent savings by 2018.
• Developed and implemented the innovative Bright Idea Grants award system, through which municipalities earn points for participation in utility efficiency programs, and can redeem these points for additional grants to fund the implementation of energy-saving projects in their municipal action plans.
For a complete list of 2016 winners and more information about ENERGY STAR's awards program, visit www.energystar.gov/awardwinners.
About Energize Connecticut
Energize Connecticut helps you save money and use clean energy. It is an initiative of the Energy Efficiency Fund, the Connecticut Green Bank, the State, and your local electric and gas utilities, with funding from a charge on customer energy bills. Information on energy-saving programs can be found at EnergizeCT.com or by calling 1.877.WISE.USE.
About Eversource 
Eversource (NYSE: ES) transmits and delivers electricity to 1.2 million customers in 149 cities and towns and provides natural gas to 226,000 customers in 72 communities in Connecticut. Eversource harnesses the commitment of its approximately 8,000 employees across three states to build a single, united company around the mission of delivering reliable energy and superior customer service. For more information, please visit our website (www.eversource.com) and follow us on Twitter (@EversourceCT) and Facebook (facebook.com/EversourceCT).
About UI
The United Illuminating Company (UI), established in 1899, is engaged in the purchase, transmission, distribution and sale of electricity and related services to approximately 328,000 residential, commercial and industrial customers in the greater New Haven and Bridgeport areas of Connecticut. UI is a subsidiary of AVANGRID, Inc. (NYSE: AGR). For more information, visit www.uinet.com.
About SCG and CNG
The Southern Connecticut Gas Company (SCG) and Connecticut Natural Gas Corporation (CNG) are subsidiaries of AVANGRID, Inc. (NYSE: AGR). Established in 1847, SCG serves approximately 190,000 residential, commercial and industrial natural gas customers in the greater New Haven and Bridgeport areas of Connecticut. CNG, established in 1848, serves approximately 170,000 residential, commercial and industrial natural gas customers in the greater Hartford-New Britain area, and Greenwich, Connecticut. For more information, visit www.soconngas.com and www.cngcorp.com.
Media Contact:
Justin May, on behalf of Energize Connecticut, 860-839-1538, jmay@gbpr.com
SOURCE Energize Connecticut

Article Date
4/5/2016
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