Earnings Webcast and Long-term Outlook Update
Avangrid will webcast an audio-only financial presentation in conjunction with releasing fourth quarter and full year 2023 earnings tomorrow, Thursday,
February 22, 2024, beginning at 9:00 A.M. Eastern Time. The webcast will feature a presentation from members of the executive team followed by a question-and-answer
session. The webcast can be accessed through the Investor Relations section of Avangrid’s website and a replay will be available for 90 days in the Investors section of the Avangrid website.
In addition, Avangrid will host a Long-term Outlook Update webcast on Thursday, March 21, 2024, at 10:00 AM ET. The event will feature an update on the
company’s strategic plans and financial outlook, followed by a question- and-answer session. Avangrid will provide additional details to the event.
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About Avangrid:
Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of
business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business,
Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and was recognized by JUST Capital as one of the JUST 100 companies – a ranking of
America’s best corporate citizens – in 2024 for the fourth consecutive year. In 2024, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals
and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit
https://www.avangrid.com.
Forward Looking Statements
Certain statements
in this release may relate to our future business and financial performance and future events or developments involving us and our subsidiaries that are not purely historical and may constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “should,” “would,” “could,”
“can,” “expect(s),” “believe(s),” “anticipate(s),” “intend(s),” “plan(s),” “estimate(s),” “project(s),” “assume(s),” “guide(s),”
“target(s),” “forecast(s),” “are (is) confident that” and “seek(s)” or the negative of such terms or other variations on such terms or comparable terminology. Such forward-looking statements include, but are
not limited to, statements about our plans, objectives and intentions, outlooks or expectations for earnings, revenues, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory
matters on business, results of operations or financial condition of the business and other statements that are not historical facts. Such statements are based upon the current reasonable beliefs, expectations, and assumptions of our management and
are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Important factors are discussed and should be reviewed in our Form 10-K and other
subsequent filings with the SEC. Specifically, forward-looking statements include, without limitation:
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actions or inactions of local, state or federal regulatory agencies; |
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the ability of our regulated utility operations to recover costs in a timely manner or at all or obtain a
return on certain assets or invested capital through base rates, cost recovery clauses, other regulatory mechanism; |
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