AVANGRID Completes Sale of Gas Storage Business To an Affiliate of ArcLight Capital Partners
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Business Wire
Sale Reflects Strategic Decision to Focus on Core Businesses ORANGE, Conn.--(BUSINESS WIRE)-- AVANGRID, Inc. (NYSE:AGR), a diversified energy company, today announced that its wholly owned subsidiary, Avangrid Renewables Holdings, Inc., has completed the sale of Enstor Gas, LLC, to an affiliate of ArcLight Capital Partners, LLC. Enstor Gas, based in Houston, Texas, owns and operates natural gas storage facilities in the Gulf Coast and Southwest regions of the United States with a total storage capacity of 88.5 Bcf and a net working gas storage capacity of 67.5 Bcf. ArcLight Capital Partners, LLC, is a Boston-based private equity firm focused on energy infrastructure investments. Going forward, Enstor Gas will operate as an ArcLight portfolio company, and its contact information will remain unchanged. “The sale of our gas storage business reflects our decision, based on our re
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AGR
Earnings
- 2/21/24 - Beat
AGR
Sec Filings
- 4/15/24 - Form 8-K
- 4/1/24 - Form 4
- 3/18/24 - Form 8-K/A
- AGR's page on the SEC website