Avangrid Subsidiaries NYSEG and RG&E Deliver Best Reliability in Five Years
14 Fevereiro 2024 - 4:42PM
Business Wire
In 2023, Companies saw year-over-year
improvements in outage frequency and duration
More than $320 million in infrastructure
investments planned across the state this year to continue this
trend
New York State Electric & Gas (NYSEG) and Rochester Gas and
Electric (RG&E) subsidiaries of Avangrid, Inc. (NYSE: AGR), a
leading sustainable energy company and member of the Iberdrola
Group, today announced their best reliability in five years.
Delivering energy safely and reliably to their 1.9 million
customers is the top priority for NYSEG and RG&E. As the
electric and gas infrastructure in Upstate New York ages, the
Companies invest in the grid via reliability projects and upgrades
to realize this objective. In 2023, both NYSEG and RG&E
delivered their best reliability results in the last five years,
with significant year-over-year improvements. This critical work
will continue, particularly due to the size and scope of resiliency
work needed to support growing dependency on electricity.
“With the increasingly intense and frequent storms in our region
and growing electric demand, our customers deserve continued
resiliency and improved reliability, and the $5.2 billion of
investments approved in our latest rate case enable that forward
momentum,” said Pedro Azagra, CEO of Avangrid. “Enabling New York
to have more reliable power, shorter or avoided outages, and new
smart meter technology helps customers manage their energy costs;
we will continue to invest to improve even more.”
The New York Public Service Commission sets reliability targets
for its utilities in the form of System Average Interruption
Frequency Index (SAIFI) and Customer Average Interruption Duration
Index (CAIDI) metrics. These require the Companies to meet targets
for both how often outages happen as well as the duration of those
outages.
In 2024, NYSEG and RG&E will invest $38 million in
resiliency projects which include rebuilding circuits in Brewster,
Elmira, Lancaster, Liberty, Oneonta and Rochester Central; $35
million in automation, which add an additional 294 locations where
they can remotely control equipment from the Energy Control Center;
and more than $250 million on replacing aging substation and
overhead line equipment.
NYSEG and RG&E will also replace 45,000 aging electrical
poles statewide, resume tree trimming on a regular cycle in NYSEG
territory, and continue with non-pipes and non-wires alternatives
to traditional upgrades.
When a customer’s power is out, restoration can’t come soon
enough, but NYSEG and RG&E are taking the steps necessary to
modernize the grid to provide the safe, reliable service that’s
vital to our way of life. These results prove that investing in the
electric infrastructure is the key to provide customers with the
power they need, when they need it; this is a responsibility the
Companies take seriously.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be
the leading sustainable energy company in the United States.
Headquartered in Orange, CT with approximately $41 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 more than 7,500 people
and has been recognized by JUST Capital in 2021, 2022, 2023 and
2024 as one of the JUST 100 companies – a ranking of America’s best
corporate citizens. In 2024, Avangrid ranked first among utilities
and 12 overall. 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
www.avangrid.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240214402357/en/
Media: Shelby Cohen Shelby.cohen@avangrid.com
607-788-6785
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