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Avangrid (STU:12A) Allowance For Loans And Lease Losses


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What is Avangrid Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Avangrid (STU:12A) Business Description

Industry
Traded in Other Exchanges
Address
180 Marsh Hill Road, Orange, CT, USA, 06477
Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates more than 8.6 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.