CMP costs for 'service agreements' with other utilities under scrutiny [Yahoo! Finance]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
in 2022, the utility pledged to improve administrative procedures supporting its spending decisions. The cost reduction was just a fraction of the $53 million that state Public Advocate William Harwood asked the Public Utilities Commission to claw back. He accused CMP of overspending and failing to prove some expenses were justified, opening the door to a broader look at how the utility accounts for expenses related to storm restoration and numerous other operations. CMP, which sought to recover $127 million it says it spent on restoring power after nearly a dozen storms in 2022, said the public advocate had no basis to accuse it of overspending. Still, as part of a settlement with state regulators, the subsidiary of Connecticut-based Avangrid Inc. asked the state to approve so-called affiliate service agreements with six other Avangrid utilities in Massachusetts and New York — as well as Maine Natural Gas — that detail scores of services such as HR, use of equipment and vehicle
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AGR
News
- CT utility seeks large rate increase; state official condemns it as ‘completely out of whack' [Yahoo! Finance]Yahoo! Finance
- Statement from Avangrid CEO Pedro Azagra on Veterans DayBusiness Wire
- Avangrid, Inc. (NYSE: AGR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Avangrid: Iberdrola Takeover Bid To Keep Shares Elevated For Now [Seeking Alpha]Seeking Alpha
- Applications Open for Avangrid Foundation’s Wildlife Rehabilitation Grant ProgramBusiness Wire
AGR
Earnings
- 10/22/24 - Beat
AGR
Sec Filings
- 10/29/24 - Form 8-K
- 10/24/24 - Form 8-K
- 10/23/24 - Form 10-Q
- AGR's page on the SEC website