Avangrid Completes NECEC Project, $1.65B Investment to Introduce 1.2GW Hydropower
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 19 2026
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Should l Buy ?
Source: Yahoo Finance
- Project Completion: Avangrid has completed and energized the New England Clean Energy Connect (NECEC) project, a $1.65 billion investment in a 145-mile high-voltage direct current transmission line that introduces 1.2GW of hydropower into New England, significantly enhancing grid reliability and reducing energy costs.
- Power Supply: The project is expected to meet nearly 10% of annual electricity demand in Massachusetts, bolstering the state's renewable energy supply capabilities and laying the groundwork for future energy transitions.
- Economic Benefits: The Massachusetts Department of Public Utilities estimates that the NECEC project will deliver $3.38 billion in savings to ratepayers across New England over 20 years, highlighting its positive impact on economic development and environmental mitigation.
- Community Gains: The project is set to provide approximately $23 million in property tax benefits to host communities in the first year, with Avangrid projecting contributions of hundreds of millions of dollars for community initiatives, further driving local economic development.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
