October 7, 2024

Avangrid

Maine PUC Move Poses Hurdle for NECEC
Maine regulators suspended hearings on Central Maine Power’s New England Clean Energy Connect HVDC transmission line.
Vinyard Wind
Avangrid Posts Steady Q1 Income, Highlights Renewables
Avangrid on Monday said its first quarter (Q1 2018) earnings rose slightly on new rate plans and rising output from its wind fleet, and the company highlighted its growing opportunities in renewable energy — particularly offshore wind.
Avangrid Posts Q4 Loss, Sharpens Focus
Avangrid lost $77 million in the fourth quarter after taking a one-time charge related to the sale of its gas units, but the company is sharpening its focus on its core businesses.
Central Maine Power
Mass. Picks Avangrid Project as Northern Pass Backup
Massachusetts has selected Central Maine Power's transmission project as the alternative to Northern Pass for the state’s clean energy solicitation.
BithEnergy
Mass. Receives Three OSW Proposals, Including Storage, Tx
Three developers have submitted proposals in response to the Massachusetts solicitation for up to 800 MW of offshore wind energy.
Weak Wind Drives down Avangrid Q3 Earnings
Avangrid Q3 earnings fell 9% to $99 million on weaker-than-expected wind production, which the company said was partially offset with improved operations.
© RTO Insider
Tx Developers Pitch Mass. Clean Energy Bids
Representatives of companies that submitted clean energy tx projects made pitches at Raab Associates’ New England Electricity Restructuring Roundtable.
Hydro-Québec Dominates Mass. Clean Energy Bids
Hydro-Québec and various partners submitted six separate proposals to meet Massachusetts’ call for 9.45 TWh a year of renewable generation.
Rates, Renewables Boost Avangrid Q2 Earnings
Avangrid earned $120 million in the second quarter, up 17% because of new rate plans, improved cost management and increased renewable energy production.
Avangrid Q1 Net Income up 13% on NY, Conn. Rate Hikes
Avangrid reported consolidated net income of $239 million ($0.77/share), compared with $212 million ($0.69/share) for the same period in 2016.

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