Who Owns Avangrid?

• Parent Company: Iberdrola
• Ownership Type: Wholly owned
• Acquisition Year: 2015
• Company Type: Publicly Traded
• Stock Ticker: IBEX 35: IBE

• Founded: 2015
• Founders: Iberdrola (merger of Iberdrola USA and UIL Holdings)
• Acquired by Iberdrola: 2015

• Founded: 1992
• Headquarters: Bilbao, Spain
• Company Type: Publicly Traded
• Stock: IBEX 35: IBE
• Revenue: approximately €49.0 billion (FY2024)
• Employees: Approximately 43,000

Visit Iberdrola website

• Headquarters: Orange, Connecticut, USA
• Manufacturing / Operations: United States

Avangrid operates under Iberdrola's comprehensive sustainability framework, which includes aggressive renewable energy expansion, environmental stewardship, and ethical business practices. As a major U.S. energy company, Avangrid's sustainability considerations encompass clean energy transition, grid modernization, environmental impact reduction, and ethical utility operations.

Renewable Energy Leadership: Avangrid is a leader in renewable energy development in the United States, operating one of the largest wind and solar portfolios in the country. The company has invested billions in renewable energy projects, supporting Iberdrola's global position as the world's leading renewable energy producer. Avangrid's renewable portfolio includes onshore wind, solar, and emerging clean energy technologies.

Clean Energy Transition: Avangrid is actively transitioning its generation portfolio away from fossil fuels toward renewable energy sources. The company has set ambitious targets for reducing carbon emissions and increasing renewable energy capacity, aligning with Iberdrola's global climate goals and supporting U.S. clean energy objectives.

Grid Modernization and Innovation: Avangrid is investing significantly in grid modernization initiatives to support renewable energy integration, improve reliability, and enable smart grid technologies. These investments include advanced metering infrastructure, distribution automation, and enhanced grid resilience to support the clean energy transition.

Environmental Stewardship: Avangrid implements comprehensive environmental management programs to minimize the impact of utility operations on ecosystems and wildlife. The company maintains wildlife protection programs, habitat conservation initiatives, and environmental monitoring systems for its renewable energy projects and utility infrastructure.

Ethical Business Practices: Avangrid operates under strict regulatory oversight from multiple state utility commissions and maintains high standards of corporate governance and ethical conduct. The company's commitment to transparency and ethical business practices is reflected in its comprehensive compliance programs and stakeholder engagement initiatives.

Community Engagement: Avangrid actively engages with communities across its service territory through economic development initiatives, educational programs, and charitable contributions. The company's community engagement programs focus on supporting local economies, promoting energy education, and addressing community needs.

Supply Chain Sustainability: Avangrid has increased its investment with U.S. suppliers to $4.3 billion in 2024, a 16% increase compared to 2023, demonstrating commitment to domestic supply chain development and sustainable procurement practices.

Avangrid is entirely owned by Iberdrola, a publicly traded Spanish multinational electric utility company. Iberdrola completed its acquisition of the remaining 18.4% stake in Avangrid in 2024 for USD 2,551 million, making it a 100% subsidiary. The company operates as a wholly-owned subsidiary within Iberdrola's international portfolio.

Iberdrola is publicly traded on the Spanish Stock Exchange (IBEX 35) under the ticker symbol IBE and also on the New York Stock Exchange (NYSE). Investors who own shares in Iberdrola indirectly own a portion of Avangrid through their investment in the parent company.

Avangrid does not operate as an independent publicly traded company. All strategic, financial, and operational decisions are made by Iberdrola's corporate leadership, with Avangrid functioning as the group's US operating subsidiary managing electricity and natural gas utilities across multiple states. In 2025, Avangrid was named to TIME's America's Best Mid-Size Companies list for the second consecutive year, recognized for revenue growth, employee satisfaction, and sustainability.

Avangrid has received significant recognition for renewable energy leadership, corporate excellence, and sustainable business practices, earning accolades from prestigious business publications and industry organizations. The company's combination of clean energy focus and operational excellence has consistently earned top honors in competitive business award programs.

TIME America's Best Mid-Size Companies: Avangrid was named to TIME's America's Best Mid-Size Companies list for the second consecutive year in 2025, recognizing the company's outstanding performance, growth, and workplace culture. This prestigious award acknowledges Avangrid's position as one of America's best-performing mid-sized companies.

Renewable Energy Leadership Recognition: Avangrid has received numerous awards for its renewable energy development and clean energy leadership. The company's wind and solar projects have been recognized by industry organizations for innovation, scale, and contribution to U.S. clean energy objectives.

Utility Excellence Awards: Avangrid's regulated utility operations have received recognition for reliability, customer service, and operational excellence. The company's utility subsidiaries have been acknowledged by state regulatory commissions and industry organizations for performance improvements and innovation.

Sustainability and ESG Recognition: Avangrid has received recognition for its environmental, social, and governance (ESG) performance, including high ratings from sustainability rating agencies and acknowledgment for climate leadership and corporate responsibility initiatives.

Workplace and Culture Recognition: The company has been recognized for workplace excellence, diversity and inclusion initiatives, and employee development programs. These awards acknowledge Avangrid's commitment to creating a positive work environment and professional growth opportunities.

Supply Chain and Economic Development Recognition: Avangrid's increased investment in U.S. suppliers and domestic supply chain development has been recognized for its positive impact on American manufacturing and job creation.

Avangrid has faced several operational challenges and regulatory issues throughout its history, primarily related to utility operations, regulatory approvals, and the complexities of managing regulated utility businesses in multiple states. These issues have required significant management attention and have affected the company's relationship with regulators and customers.

Regulatory Approval Challenges: Avangrid has faced regulatory hurdles in various states regarding rate cases, infrastructure investments, and acquisition approvals. These regulatory disputes have created uncertainty about the company's ability to recover certain investments or implement preferred strategies without regulatory approval.

Utility Reliability Issues: Some of Avangrid's regulated utility subsidiaries have faced criticism regarding service reliability, particularly during severe weather events and power outages. The company has had to invest in grid modernization and storm preparation to address these concerns.

Rate Increase Controversies: Avangrid has faced criticism from customers and consumer advocacy groups regarding rate increases and billing practices. The company has had to balance infrastructure investment needs with affordability concerns, particularly during periods of rising energy costs.

Renewable Energy Project Opposition: Some of Avangrid's renewable energy projects have faced local opposition and permitting challenges, particularly regarding wind turbine locations and transmission line construction. These challenges have delayed some projects and required additional community engagement.

Integration Challenges: Following the 2015 merger that formed Avangrid, the company faced challenges integrating different utility cultures and systems. These integration issues required significant management attention and investment in operational harmonization.

Environmental Impact Concerns: While Avangrid is a leader in renewable energy, the company continues to face scrutiny regarding the environmental impact of its infrastructure projects, including transmission lines and renewable energy facility construction.

Cybersecurity and Grid Security: As a major utility operator, Avangrid faces ongoing challenges related to cybersecurity threats and grid security, requiring significant investment in security measures and coordination with government agencies.

Workforce Management Issues: The company has faced challenges related to workforce management, including labor disputes, union negotiations, and concerns about employee safety in utility operations.