November 11, 2016 - 11:32 AM EST
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AVANGRID Announces Audit and Compliance Committee Composition

Avangrid, Inc. (NYSE:AGR) announced today that, as previously described in Avangrid’s proxy statement for its 2016 annual meeting of shareholders, Juan Carlos Rebollo Liceaga has resigned from Audit and Compliance Committee of the Avangrid Board of Directors, effective today, November 11, 2016. Mr. Rebollo Liceaga will remain a member of the Board of Directors. Mr. Rebollo Liceaga served as a member of the Audit and Compliance Committee pursuant to the phase-in period for audit committee independence under the NYSE rules. Following Mr. Rebollo Liceaga’s resignation, the Audit and Compliance Committee will be comprised of four independent directors, Ms. Carol L. Folt, Mr. John L. Lahey, Mr. Alan D. Solomont, and Ms. Elizabeth Timm.

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 primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving more than 3.0 million customers in New York and New England. Avangrid Renewables operates 6.3 gigawatts of electricity capacity, primarily through wind power, in states across the United States. AVANGRID employs approximately 7,000 people. The company was formed through a merger between Iberdrola USA, Inc. and UIL Holdings Corporation in 2015. Iberdrola S.A. (Madrid: IBE), a worldwide leader in the energy industry, owns 81.5% of AVANGRID. For more information, visit www.avangrid.com.

Avangrid, Inc.
Analysts:
Patricia Cosgel, 203-499-2624
or
Media:
Michael West Jr., 203-499-3858


Source: Business Wire (November 11, 2016 - 11:32 AM EST)

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