Can The Renewable Goose Lay A Golden Egg In New Mexico [Forbes]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Forbes
The renewable goose refers to energy produced by wind, solar and batteries, but also production of hydrogen and ammonia, and carbon capture and storage or CCS. The golden egg would be funds paid to the state from income from leases of wind turbines on state land, and taxes on production of renewable energies in New Mexico. But to be a golden egg in the fairy tale, there would have to be a windfall of money from these sources. There has been a windfall of money, but it comes from the other goose—the oil and gas industry—who provided $15.2 billion to New Mexico's revenue in FY 23. This golden egg came from land leasing and various taxes on the production of oil and gas, with both state and federal contributions. If oil starts to decline in 2025, when sales of electric cars and trucks are predicted to shoot up, the revenue from oil and gas will start to decline. The big question is: can new revenue from renewable energies fill the gap? Horizontal wells in Lea and Eddy counties, NM,
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News
- Avangrid Foundation Provides $45,000 in Grants to Berkshire County Arts Organizations [Yahoo! Finance]Yahoo! Finance
- Avangrid Foundation Provides $45,000 in Grants to Berkshire County Arts OrganizationsBusiness Wire
- Maine PUC nods Avangrid's request for merger exemption [Seeking Alpha]Seeking Alpha
- Dollar catches footing ahead of Fed [Yahoo! Finance Canada]Yahoo! Finance Canada
- Maine Public Utilities Commission Approves Avangrid's Request for Merger Exemption [Yahoo! Finance]Yahoo! Finance
AGR
Earnings
- 7/23/24 - Beat
AGR
Sec Filings
- 9/18/24 - Form 8-K
- 9/16/24 - Form DEFA14A
- 9/6/24 - Form 8-K
- AGR's page on the SEC website