Moody's cuts investment outlook for two CT utilities as they seek to raise rates [Yahoo! Finance]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
utility regulatory authority that would cut revenues for both companies to levels below where they were at least six years ago. The downgrades are the latest in a succession of negative investment forecasts for Connecticut utilities over the last year based on what financial analysts have called a “difficult” state regulatory climate. Moody's said it is downgrading Avangrid subsidiaries Southern Connecticut Gas and Connecticut Natural Gas because of an “unpredictable” political and regulatory environment that has proven hostile to utility efforts to recover, through rates, the money they borrow to invest in their distribution systems. “Given the negative outlook for both companies, an upgrade is unlikely over the next 12-18 months,” the rating notice said. “The rating outlook could return to stable if there is a material improvement in the credit supportiveness of the Connecticut regulatory environment.” But, Moody's said the two gas companies could be further downgraded “if t
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- Avangrid Bolsters Commitment to Hispanic Community with First-Ever Hispanic Energy Roundtable [Yahoo! Finance]Yahoo! Finance
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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