New York State Electric & Gas

Avangrid Subsidiaries NYSEG and RG&E’s Reliable Energy New York Plan Approved by State: Plan Allows for Critical Investments Necessary for Safety, Reliability, and the Transition to the Clean Energy Future

Retrieved on: 
Friday, October 13, 2023
Other Energy, Environmental Policy, Utilities, Environmental Issues, Oil, Gas, Sustainability, Environmental Health, Alternative Energy, Energy, Environment, Green Technology, Climate Change, Investment, IBEW, Climate Leadership and Community Protection Act, Climate change, NYSE, Economic development, New York Public Service Commission, Commission, Wind, New York Power Authority, PSC, Public Commission on the Oregon Legislature, Public utility, The Business Council, Temperature, Administrative Department of Public Service (Colombia), Ageing, RG&E, Public service, AGR, NYSEG, Public Service Commission, Climate, New York State Electric & Gas, Woman, Aircraft, CLCPA, RG, Renewable energy, Avangrid

“This plan is an investment in the future reliability and resiliency of the New York grid,” said Pedro Azagra, Avangrid CEO.

Key Points: 
  • “This plan is an investment in the future reliability and resiliency of the New York grid,” said Pedro Azagra, Avangrid CEO.
  • Overall, the approval will support 231 new jobs at the Companies as well as 716 indirect jobs in New York state.
  • These billions of dollars in investments will help bring clean renewable energy onto our electric grid while ensuring that service remains safe, reliable, and affordable.
  • Convergent Energy and Power looks forward to continuing to partner with utilities in New York State to deliver energy storage systems that benefit our customers their and communities.”

Four Springs IP27, DST Fund Now Available on iCapital Marketplace: Advancing Financial Advisor Access to Private 1031 DST Real Estate

Retrieved on: 
Thursday, October 5, 2023
Professional Services, Other Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Xchange, Foodservice, Partnership, New York State Electric & Gas, Food, NiSource, International Paper, DST, Financial adviser

“We are very excited about this partnership with iCapital and to bring this geographically and industry diverse portfolio to a broader market.” said William Dioguardi, CEO.

Key Points: 
  • “We are very excited about this partnership with iCapital and to bring this geographically and industry diverse portfolio to a broader market.” said William Dioguardi, CEO.
  • The offering is supported by iCapital’s end-to-end technology platform that streamlines and automates the alternative investing process, from subscriptions and capital calls to reporting.
  • iCapital Marketplace delivers an all-digital investment experience that bridges the gap that has historically separated asset managers, advisors, and clients from alternative investments.
  • Advisors not already using iCapital's platform can easily register for access through the iCapital website .

AARP NY to Governor: Speak Out Against Proposed Record-Breaking NYSEG/RG&E Utility Rate Hikes

Retrieved on: 
Wednesday, October 11, 2023
Assembly, Upstate, COVID-19, PSC, Avangrid, AARP, Memory, State, Legislative Black Caucus of Maryland, Legislation, Tax, Poverty, RG&E, Public service, NYSEG, New York Public Service Commission, Public Service Commission, EAPS, New Yorker, New York State Electric & Gas, EAP, RG

ALBANY, N.Y., Oct. 11, 2023 /PRNewswire/ -- AARP New York is calling on Governor Kathy Hochul to speak out against a record-breaking New York State Electric & Gas (NYSEG) and Rochester Gas & Electric (RG&E) rate hike proposal, which is due to be voted on by utility regulators this week.

Key Points: 
  • The Governor has an excellent track record helping New Yorkers cope with high energy bills.
  • She took on the utility arears crisis in New York that was exacerbated by the COVID-19 pandemic and helped millions of New Yorkers struggling to pay their bills," AARP New York stated.
  • "The revised proposal is little different from the utilities' original request," AARP New York pointed out.
  • Upstate utility customers are indeed struggling; poverty rates are about 29% in Rochester, 33% in Syracuse, and 28% in Buffalo – all twice or more the statewide 14% poverty rate.

Avangrid Earns Twelve ESG+F Accolades in 2023

Retrieved on: 
Wednesday, September 20, 2023
Environmental, Social and Governance (ESG), Alternative Energy, Energy, Professional Services, Utilities, Metaverse, Storm, Medal of Honor, AGR, Edison Electric Institute, World News Media, December 2022 North American winter storm, Foreign Policy Association, Yearbook, FTSE Russell, Corporate governance, Public utility, NYSEG, Social Security Government Pension Offset, CMP, CNBC, Hurricane Fiona, Parity, Bloomberg, RG, Ethisphere Institute, Capital, Ethics, Foreign Policy, RG&E, Policy, Iberdrola, ESG, USA Today, Environment, NYSE, New York State Electric & Gas, Renewable energy, Audit, Biophysical environment, Avangrid, Social

In addition, Avangrid Chairman Ignacio Galán has been awarded two prestigious honors this year from the Foreign Policy Association and the World Jurist Association.

Key Points: 
  • In addition, Avangrid Chairman Ignacio Galán has been awarded two prestigious honors this year from the Foreign Policy Association and the World Jurist Association.
  • “Each and every one of these awards is a reflection of our commitment to upholding ESG+F principles in everything that we do,” said Pedro Azagra, Avangrid CEO.
  • Avangrid’s 2023 awards and recognitions include:
    FTSE4Good Index Series , by FTSE Russell: Measures the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.
  • Avangrid ranked second overall within the utility industry and first among utilities for its commitment to the environment.

Avangrid Companies Preparing for Impacts from Hurricane Lee

Retrieved on: 
Thursday, September 14, 2023
Alternative Energy, Energy, Utilities, Brewster, Tropical Storm Lee, AGR, UI, Tree, Emergency management, Emergency, NYSEG, CMP, Soil, Weather, NYSE, New York State Electric & Gas, Rain, Management, Silviculture, Avangrid

Avangrid, Inc. (NYSE: AGR) and its subsidiaries Central Maine Power (CMP), United Illuminating (UI) and New York State Electric & Gas (NYSEG) are preparing for impacts from Hurricane Lee which is expected to impact portions of the northeast Friday and into the weekend.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR) and its subsidiaries Central Maine Power (CMP), United Illuminating (UI) and New York State Electric & Gas (NYSEG) are preparing for impacts from Hurricane Lee which is expected to impact portions of the northeast Friday and into the weekend.
  • As storm impacts develop, Avangrid is preparing to activate its multi-state network of resources to its hardest hit service areas to bolster response efforts.
  • “Emergency response is one of the most important ways we support our customers and communities,” said Pedro Azagra, Avangrid CEO.
  • If minimal impacts occur, UI will direct crews to support its sister companies’ restoration efforts.

Avangrid Pilots New Technology to Increase Grid Capacity in New York to Accelerate Renewable Energy Adoption

Retrieved on: 
Wednesday, August 30, 2023
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, DLR, Congestion, Administrative Department of Public Service (Colombia), AGR, Investment, Electricity, Multimedia, Temperature, NYSEG, Lidar, Wind, Climate Leadership and Community Protection Act, CLCPA, Climate change, RG, Inflation Reduction Act of 2022, Public service, Weather, NYSERDA, RG&E, NYSE, New York State Electric & Gas, Renewable energy, Avangrid

This critical data and visibility could aid in linking more renewable energy resources into New York’s electrical grid and supporting the state’s clean energy goals.

Key Points: 
  • This critical data and visibility could aid in linking more renewable energy resources into New York’s electrical grid and supporting the state’s clean energy goals.
  • View the full release here: https://www.businesswire.com/news/home/20230830693817/en/
    The amount of energy that electric transmission lines can safely carry is variable.
  • This results in more informed grid operations and increased carrying capacity of the transmission lines without needing to make any large grid upgrades.
  • Our technology has helped our utility customers identify between 25-40% additional capacity on existing lines which helps accelerate a transition to renewables.

Avangrid Pioneers In-House Creation of Artificial Intelligence to Increase Reliability

Retrieved on: 
Wednesday, August 16, 2023
Technology, Other Energy, Utilities, Oil, Gas, Health Technology, Alternative Energy, Energy, Health, Artificial Intelligence, Maintenance, Senior, AGR, Data science, Life expectancy, Forecasting, Wind, International Journal of Data Science and Analytics, Electricity, Climate, Weather, AI, Safety, NYSE, The United Illuminating Company, New York State Electric & Gas, Management, Renewable energy, Avangrid

However, Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, is looking to change that.

Key Points: 
  • However, Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, is looking to change that.
  • Avangrid has launched a Data Science and Analytics team aimed at developing unique and proprietary artificial intelligence (AI) systems that are focused on improving reliability for customers.
  • “We’re reimagining what’s possible for a utility when it comes to data science and analytics,” said Pedro Azagra, Avangrid CEO.
  • “We’re using data to answer questions that we previously thought were unanswerable,” said Catherine Stempien, Avangrid Networks President and CEO.

Avangrid’s New York Companies File Action Plan to Advance State Climate Goals

Retrieved on: 
Monday, July 17, 2023
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Communication, DER, AGR, EV, File, Anxiety, Electricity, Carbon, NYSEG, Wind, EVS, Climate Leadership and Community Protection Act, DSIP, CLCPA, RG, Investment, Heat, RG&E, Weather, Transport, Climate change, Family, NYSE, Bundesverband der Energie- und Wasserwirtschaft, New York State Electric & Gas, Renewable energy, Online shopping, Avangrid

Avangrid, Inc. (NYSE: AGR), a member of the Iberdrola Group, announced today that its New York subsidiaries, New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E), have filed their 2023 Distributed System Implementation Plan (DSIP) with the New York State Public Service Commission.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a member of the Iberdrola Group, announced today that its New York subsidiaries, New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E), have filed their 2023 Distributed System Implementation Plan (DSIP) with the New York State Public Service Commission.
  • This plan presents the companies’ strategy and framework for supporting New York state’s Climate Leadership and Community Protection Act (CLCPA) and advancing clean energy solutions for customers.
  • As one of the country’s leading sustainable energy companies, Avangrid has ambitious clean energy goals that directly align with the CLPCA.
  • With dramatic and transformative changes occurring in the electric grid, utilities need to plan and operate their system differently.

Four Springs TEN31 Xchange Announces Loan Closing and Launch of $150MM Diversified Industrial Portfolio DST

Retrieved on: 
Monday, June 19, 2023
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Xchange, Foodservice, Trust, Delaware statutory trust, Deutsche Bank, Tenant, DST, Real estate investment trust, NiSource, International Paper, RIAS, Broker-dealer, Food, New York State Electric & Gas, Real estate

Four Springs TEN31 Xchange, LLC, a sponsor of Delaware statutory trust programs, today announced the closing of loan and launch of FSC Industrial Portfolio 27, DST which owns 22 industrial properties.

Key Points: 
  • Four Springs TEN31 Xchange, LLC, a sponsor of Delaware statutory trust programs, today announced the closing of loan and launch of FSC Industrial Portfolio 27, DST which owns 22 industrial properties.
  • The diverse portfolio includes properties located in 13 different states and consists of mission critical locations that serve as headquarters, major manufacturing plants, regional distribution centers and strategic rental locations.
  • “We are pleased with the closing of this loan and bringing this geographically and industry diverse portfolio to market,” said William Dioguardi, CEO.
  • Four Springs provides access to tax-deferred exchanges via DST offerings, whole property solutions and UPREITs.

Avangrid Earns Eight Accolades in First Half of 2023

Retrieved on: 
Wednesday, June 14, 2023
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, Storm, Partnership, AGR, S&P Global, Edison Electric Institute, December 2022 North American winter storm, Yearbook, NYSEG, CMP, CNBC, Hurricane Fiona, Parity, Bloomberg, RG, Capital, Ethics, Iberdrola, RG&E, USA Today, NYSE, New York State Electric & Gas, Renewable energy, Ethisphere Institute, Avangrid, Social

“It is an honor to receive eight prestigious recognitions in just six months and it speaks to the hard work and dedication of the Avangrid team,” said Pedro Azagra, Avangrid CEO.

Key Points: 
  • “It is an honor to receive eight prestigious recognitions in just six months and it speaks to the hard work and dedication of the Avangrid team,” said Pedro Azagra, Avangrid CEO.
  • “Each of these awards highlight the groundbreaking work that Avangrid, in partnership with Iberdrola, is achieving in sustainability and climate leadership.
  • I am proud of our commitment to building a clean energy future for all while maintaining socially responsible business practices.
  • Avangrid ranked second overall within the utility industry and first among utilities for its commitment to the environment.