Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.

The company behind a Massachusetts gas plant agrees to pay a $17 million penalty and hand back $26 million in profits after FERC found that it misled ISO-NE.

Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”

N.M. regulators shot down Avangrid’s proposed acquisition of PNM Resources after officials pointed to Avangrid’s “demonstrated record of poor performance.”

Avangrid is facing increasing scrutiny from regulators following allegations that the company purchased millions in unnecessary equipment to boost profits.

DEP Commissioner Melanie Loyzim determined that new statutory changes in Maine would prevent the developers of NECEC from building the line as permitted.

Green energy advocates clashed with activists aiming to protect the habitat of an endangered bird species at a hearing on a proposed solar farm in Central Wash.

Maine Gov. Janet Mills said a bill to replace the state’s investor-owned utilities was “hastily” drafted and needs a “full airing.”

Iberdrola struck back at a FERC judge’s ruling on their energy crisis supply contract that could subject the company to more than $370 million in penalties.

A FERC judge ruled that Shell and Iberdrola  saddled California consumers with $1.1 billion in excess energy costs at the height of the Western Energy Crisis.