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Stock impact report

Avangrid Selected to Build Transmission Lines in $425M Deal With DOE [Yahoo! Finance]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Department of Energy (“DOE”) to construct high-voltage transmission lines for the Aroostook Renewable Project. This high-voltage transmission line will connect 1,200 megawatts (MWs) of renewable energy to the New England power grid in Maine. Construction of this high-voltage line by Avangrid is likely to relieve transmission constraints that have stalled the development of renewable resources in Northern Maine for years. This high-voltage transmission line is expected to assist in emission reduction in the region by bringing in a huge volume of clean energy to meet the rising demand in the region. Importance of Transmission Lines Transmission lines play a very vital role in the proper electrification of a nation, as transmission lines assist the utility operators in transporting the electricity produced from a remote unit to a sub-station for the ultimate use of the customers. Transmission lines are the backbone of the entire electricity system and development of a new transmi Show less Read more
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