Market Overview

AVANGRID Marks World Environment Day by Doubling Down on Its Commitment to Electric Vehicles


Company Announces Expansion of Nissan Electric Vehicle Discount
Program to 3.2 Million Customers; Commits to Increasing EV Fleet by 75%;
Funds $34 Million Expansion of Charging Infrastructure

Today, AVANGRID, Inc. (NYSE:AGR) marks World Environment Day by
announcing plans to expand its partnership with Nissan North America to
provide 3.2 million customers and employees across New York, New England
and Oregon with a $5,000 discount on the purchase of a Nissan LEAF
electric vehicle (EV). In addition, the company announced plans to
increase its own EV fleet by 75 percent, and reiterated a $34 million
investment in the expansion of EV charging infrastructure across Maine
and New York.

"As one of the cleanest U.S. energy companies, we are committed to
investing in innovative and sustainable energy solutions for our
customers," said James P. Torgerson, AVANGRID's chief executive officer.
"Demand for clean energy goes beyond powering our homes and businesses.
Enabling customers to invest in electrified transportation by expanding
our incentives and charging infrastructure is yet another component to
ensuring a secure energy future."

"Nissan supports programs that increase EV adoption and we're very happy
to see companies like AVANGRID offering these types of discounts to
employees and customers," said Michael Arbuckle, senior manager, EV
sales and fleet, Nissan North America. "And with the recent introduction
of the LEAF PLUS, with a range of up to 226 miles, people will now be
able to choose the LEAF that best fits their driving needs."

The Nissan LEAF is the best-selling electric vehicle ever, with more
than 400,000 vehicles sold globally. Launched in October 2018, AVANGRID
subsidiaries Rochester Electric & Gas (RG&E) in New York and United
Illuminating (UI) in Connecticut initially offered the discount program
to customers and employees. The expanded program will now be made
available to Central Maine Power (CMP) and New York State Electric & Gas
(NYSEG) customers, as well as all AVANGRID and subsidiary employees.
Customers are encouraged to visit
to learn more about federal and state EV tax credits and other

In Maine, CMP has committed $5 million to fund the development of EV
infrastructure across the state by offering rebates and support for EV
purchases and charging station development. In New York, NYSEG and RG&E
have implemented three EV pilot projects and have proposed a $29 million
EV program to expand charging infrastructure across the companies'
service areas—encompassing more than 45,000 miles across the state.

AVANGRID has also committed to increasing its own EV fleet by 75 percent
in 2019. To further promote the use of EV transportation among its
employees, the company has expanded on-site chargers for employees'
personal use.

In 2016, AVANGRID became the first U.S. energy company to set a goal for
carbon-neutrality. The company pledged to reduce emissions intensity
from power plants 25% by 2020, and to be carbon neutral by 2035.
Avangrid Renewables is the third-largest U.S. wind producer, owning and
operating 6.6 gigawatts (GW) of wind and solar generation. With an owned
capacity that is 89% emissions-free, the energy delivered from
AVANGRID's renewable energy facilities has allowed customers to avoid 12
million metric tons of CO2 emissions, which is equivalent to removing
2.55 million cars from the road annually. For more information, visit

About AVANGRID: AVANGRID, Inc. (NYSE:AGR) is a leading,
sustainable energy company with approximately $32 billion in assets and
operations in 24 U.S. states. AVANGRID has two primary lines of
business: Avangrid Networks and Avangrid Renewables. Avangrid Networks
owns eight electric and natural gas utilities, serving 3.2 million
customers in New York and New England. Avangrid Renewables owns and
operates 7.1 gigawatts of electricity capacity, primarily through wind
power, with a presence in 22 states across the United States. AVANGRID
employs approximately 6,500 people. AVANGRID supports the U.N.'s
Sustainable Development Goals and was named among the World's Most
Ethical Companies in 2019 by the Ethisphere Institute. For more
information, visit

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