Maine Public Utilities Commission Unanimously Approve Central Maine Power Multi-year Rate Plan

ORANGE, Conn.--(BUSINESS WIRE)--Jun 6, 2023--

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that the Maine Public Utilities Commission approved Central Maine Power’s multi-year rate plan. Key highlights of the rate plan can be found on the Regulatory page in the Investors section of the Avangrid website.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230606006047/en/

CONTACT: Analyst:

Alvaro Ortega,Alvaro.Ortega@Avangrid.com, 207-629-7412

KEYWORD: UNITED STATES NORTH AMERICA MAINE CONNECTICUT

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY ENVIRONMENT SUSTAINABILITY UTILITIES

SOURCE: AVANGRID, Inc.

Copyright Business Wire 2023.

PUB: 06/06/2023 05:40 PM/DISC: 06/06/2023 05:41 PM

http://www.businesswire.com/news/home/20230606006047/en