New York State Electric and Gas (NYSEG) and Rochester Gas & Electric (RG&E) are subsidiaries of Avangrid, Inc. Combined, they serve 1.2 million electricity customers and 570 thousand natural gas customers across upstate New York.
Avangrid, Inc. (NYSE: AGR) is a diversified energy and utility company with more than $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two separate lines of business. Avangrid Networks operates eight regulated utilities serving 3.1 million customers in New England and New York, including NYSEG and RG&E. Avangrid Renewables develops, owns, and operates generation facilities, including the second largest wind generation fleet in the United States. Iberdrola, S.A. (Madrid: IBE), a leader in the energy and utility industry worldwide, is the majority shareholder of Avangrid, Inc. and a resource for global knowledge and experience.