Iberdrola and Avangrid Reaffirm Commitment to Executing the Investment Plan by 2030, Helping Achieve President Trump's Priority of American Energy Dominance

Iberdrola and Avangrid, Inc., today announced that Iberdrola and Avangrid received an invitation to the Inauguration of President Donald J. Trump in Washington, D.C. As a leading energy company, Iberdrola and Avangrid serve more than 3.3 million homes and business customers in major metropolitan areas, through its eight electric and natural gas companies in New York and New England, and operates energy generation facilities in 23 states across the U.S. Iberdrola and Avangrid were also invited to several events to engage with congressional and federal leaders.

With electric demand in the United States projected to grow by as much as 16% by 2030, Iberdrola and Avangrid are demonstrating the need for critical investments in transmission, distribution, and grid expansion, modernization, and resilience. Avangrid currently operates $15 billion of regulated networks assets in the Northeast. Nearly $11.1 billion of committed investments are already underway in New York, Maine, Connecticut, and Massachusetts to upgrade and expand electricity and natural gas transmission and distribution infrastructure, and for the next five years through 2030, an additional $9 billion investments are planed through new rate cases in New York, Connecticut, and Maine.

Additionally, Iberdrola and Avangrid through its portfolio that includes more than 75 generation facilities, are delivering over 9 gigawatts of energy to over 2 million homes and businesses in 23 states in the U.S. These facilities along with current and future electric and gas distribution projects will help each state, and the country, meet the growing demand for electricity, but deliver important community benefits by creating jobs, boosting economic growth, and contributing to the local tax base. In total, Iberdrola and Avangrid are projected to invest over $20 billion in U.S. networks up to 2030 and have further optional growth opportunities in generation of more than $10 billion to help meet the energy demand of the U.S.

About Avangrid: Avangrid, Inc. (NYSE:AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $45 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 has been 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 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 2024 for the sixth 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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Media:

Leo Rosales

leo.rosales@avangrid.com

Iberdrola and Avangrid Invited to the Inauguration of President Donald J. Trump