Avangrid said it netted $212 million during its first full quarter as both a public company and as the parent company of New Haven's UIL Holdings, which it bought late last year for $3 billion.
Eversource and Avangrid, a recently merged utility parent that includes the former UIL Holdings of New Haven, said they are each founding partners in a new methane-reduction program created by the Environmental Protection Agency.
However you feel about the impact of industry consolidation on consumers, March will be a decidedly good month for hundreds of thousands of Connecticut ratepayers.
UIL Holdings has received approval from the Mass. Department of Public Utilities to merge with Iberdola USA. That follows on the heels of Connecticut's approval last week.
The state Public Utilities Regulatory Authority gave final approval Wednesday to the $3 billion merger of UIL Holdings Corp. and a U.S. subsidiary of Spanish utility giant Iberdrola.
When Jerry Perkins, president of Henkel North America, is on an airplane — which is often — passengers typically respond, “Oh, yeah, the knife company,” when he says where he works.