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According to a recent release from Avangrid, the energy company that owns half of the offshore wind project, the first five turbines for Vineyard Wind have been installed and are expected to deliver 65 megawatts of energy by the end of the year.
Source: https://www.mvtimes.com/2023/12/11/vineyard-wind-expected-deliver-power-weeks/
According to Maine Ethics Commission figures, opponents of the referendum led by political action committees associated with Avangrid and Hydro-Quebec spent roughly $63 million.
Source: https://www.centralmaine.com/2023/03/26/the-necec-power-line-battle-where-does-the-money-come-from/
And they said they would present all agreements Avangrid negotiated with merger supporters in 2021 as a basis for PRC reconsideration during the rehearing, since the previous commission ignored many of those agreements when deciding the case.
Source: https://www.abqjournal.com/2598738/nee-accuses-regulators-of-bias-in-avangrid-pnm-merger.html
Avangrid and NECEC objected, arguing that the defendants didn’t have a constitutional right to a jury trial.
Source: https://www.centralmaine.com/2023/03/26/war-over-cmp-corridor-enters-new-phase-a-jury-trial/
Avangrid lawyers also requested a rapid PRC review and decision if the case is remanded.
Source: https://www.abqjournal.com/2598738/nee-accuses-regulators-of-bias-in-avangrid-pnm-merger.html
DekaBank Deutsche Girozentrale’s holdings in Avangrid were worth $2,285,000 at the end of the most recent reporting period.
KeyCorp increased their price target on Avangrid from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Tuesday, January 17th.
Northwestern Mutual Wealth Management Co. boosted its stake in shares of Avangrid by 27.5% during the 4th quarter.
Source: https://www.dailypolitical.com/2023/02/21/avangrid-nyseagr-issues-fy-2023-earnings-guidance.html
Research analysts anticipate that Avangrid, Inc. will post 2.1 EPS for the current year.
Wipfli Financial Advisors LLC bought a new stake in shares of Avangrid during the 3rd quarter worth $41,000.