Avangrid Subsidiary RG&E Completes $23 Million Investment in New Substation in Sodus [Yahoo! Finance]
IBERDROLA SA S/ADR (IBDRY)
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Source: Yahoo! Finance
4 min read Part of Avangrid's more than $7 billion in investments in New York through 2030 to rebuild substations, transmission lines, to improve resiliency and increase capacity to meet the state's growing energy demands SODUS, N.Y., January 30, 2025 BUSINESS WIRE )--Avangrid subsidiary, Rochester Gas and Electric (RG&E) today announced the completion of upgrades on a new substation in Sodus, New York that will increase reliability and capacity for more than 3,300 residential and commercial customers in Sodus and the surrounding area. The $23 million investment is part of Avangrid and RG&E's more than $7 billion statewide secured investments through 2030, adding to its current rate base in New York of $8 billion, to modernize critical grid infrastructure projects to meet the growing energy demands of homes and businesses and protect the community against severe weather threats. "With the need to upgrade and modernize our nation's energy infrastructure, we are moving aggressive
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