Avangrid

Gov. Ned Lamont is expected to make an appearance in downtown Bridgeport this afternoon to mark the...

A narrow spread between the prices of natural gas and oil continues to suppress the number of customers natural gas utilities in Connecticut are adding each year.

Avangrid Renewables, a subsidiary of Orange-based utility company Avangrid, has sold its ownership interest in the Tatanka Ridge Wind Farm in South Dakota.

Veteran utility executive Dennis V. Arriola has been named the next chief executive officer of Avangrid Inc. Arriola succeeds longtime Avangrid CEO and president James P. Torgerson, who will retire June 23.

Citing the need for Connecticut’s electric, natural gas and water companies to provide reasonably priced and reliable service now and in the future, state regulators have ordered utilities to launch a new repayment program for ratepayers having trouble paying their bills due to the COVID-19 crisis.

Avangrid CEO James Torgerson, who steered Connecticut’s second largest utility parent through a merger with Spanish multinational energy company Iberdrola, will retire this June.

Orange-based electric-gas utility Avangrid Inc. late Tuesday said its second-quarter profits climbed 2.8 percent, but it missed its revenue target due to a lack of wind energy storage creating uncertainty in terms of price and supply.