CT utility seeks large rate increase; state official condemns it as ‘completely out of whack' [Yahoo! Finance]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
residential customers by as much as 43 percent, or more than $46 a month for an average home. In a filing with the state Public Utility Regulatory Authority , Yankee, an Eversource subsidiary, said it needs to collect an additional $209 million, a 29 percent increase in revenue, to cover losses created by distribution costs. Yankee said the proposed increase, which is unlikely to emerge intact from regulatory review, would run from Nov. 1, 2025 to Oct. 31, 2029. The company has 222,800 residential customers, 28,000 commercial customers, and 1,500 industrial customers across 85 towns in Connecticut. Rates for commercial and industrial customers would increase from 14 to 42 percent, depending on their service, the company said.Yankee last asked to raise rates six years ago. State Attorney General William Tong immediately attacked the proposed rate hike. “Read the room, Eversource,” Tong said. “Connecticut families are fed up with sky high energy costs and can't afford this mas
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AGR
News
- CMP costs for 'service agreements' with other utilities under scrutiny [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