Avangrid Plans $18.5 Billion Investment to Enhance Winter Storm Preparedness
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 9h ago
0mins
Source: Businesswire
- Winter Preparedness Enhanced: Avangrid's utility companies have coordinated comprehensive preparations for the 2025-2026 winter storm season, ensuring employees enhance their response capabilities through annual emergency response training, thereby improving service reliability for customers.
- Customer Safety Commitment: The company helps customers manage energy costs by offering free efficiency assessments and financial assistance programs, further solidifying its commitment to customer safety and service quality.
- Communication Capability Improvement: Avangrid's Corporate Communications team completed Public Information Officer training, ensuring timely and accurate information delivery during major weather events, which enhances safety for customers and communities.
- Infrastructure Investment Plan: Avangrid announced a plan to invest $18.5 billion by 2028, primarily directed toward grid and gas infrastructure, aiming to serve over 3.4 million customers and enhance the resilience of energy infrastructure.
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.
