Avangrid is poised to expand into the Southwest after announcing that it will spend $4.3 billion in cash to acquire PNM Resources.

Representatives of three of the dominant utilities in New England briefed NECA members about their companies’ aggressive decarbonization efforts.

Avangrid expects to begin construction this year on the New England Clean Energy Connect transmission project despite a potential referendum in Maine.

FERC accepted a $450,000 settlement between the Northeast Power Coordinating Council and three Avangrid utilities for violations of operations standards.

State and federal regulators joined industry leaders at the New England-Canada Business Council’s (NECBC) 27th annual energy conference in Boston.

Increased wind output helped Avangrid’s profits jump 20% in the third quarter as the company continued to see strong growth in its renewables fleet.

PJM told stakeholders all deadlines for upcoming capacity auctions will be suspended pending FERC action on the RTO’s proposed revisions to its capacity market.

Avangrid reported second-quarter earnings of $110 million ($0.36/share), up slightly from $107 million ($0.35/share) in the same period in 2018.

Declining wind output drove down Avangrid’s first-quarter earnings by 11% compared to a year earlier, company officials said.

Dominion Energy has inched closer to winning state-subsidized energy contracts for its Millstone nuclear plant in Connecticut.