Franklin Energy Signs Contracts with New York Utilities

Franklin Energy Services, LLC, a leading national energy efficiency program implementation firm, announced today that it has signed a contract with New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) – both electric and gas utilities and subsidiaries of AVANGRID.

Franklin Energy will manage and implement cost-effective Multifamily Programs and Commercial and Industrial Rebate Programs for both utility companies. A new office will be opened in Rochester, NY to implement the programs and continue Franklin Energy’s expansion into the Northeast U.S.

“We’ve already commenced start-up activities and developed strategies to ensure NYSEG and RG&E reach their goals,” said Mark Bowen, Franklin Energy Services VP of Business Development. “Both utilities are new clients in a new state for our firm. We know the northeast region and its customers well. As we continue to expand our reach, we show time and again that Franklin Energy is the industry expert that utilities can count on for their cost saving goals.”

“On top of our services, our customizable technology suite, Efficiency@Work, caps off our clients’ customer experience and satisfaction,” said Kevin McDonough, Franklin Energy Services President. “Based on the needs of NYSEG and RG&E, we built an integrated solution utilizing three of our four applications. We’re one of the only providers that designs every component of the program around the client’s parameters and customer needs – that includes our technologies.”

Combined, NYSEG and RG&E serve more than 1.2 million electricity customers and more than 575,000 natural gas customers. Franklin Energy has begun program outreach and delivery.

About AVANGRID

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 3.1 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 7,000 people. The company was formed by a merger between Iberdrola USA and UIL Holding 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.

About NYSEG and RG&E

NYSEG and RG&E are subsidiaries of AVANGRID, Inc. (NYSE: AGR). NYSEG serves 886,000 electricity customers and 265,000 natural gas customers across more than 40% of upstate New York. RG&E serves 375,000 electricity customers and 311,000 natural gas customers in a nine-county region centered on the City of Rochester. For more information, visit www.nyseg.com and www.rge.com.

About Franklin Energy Services, LLC

With over two decades in the industry, Franklin Energy designs and implements energy efficiency programs for utility, state and municipality clients nationwide and into Canada. The firm pinpoints goal-focused solutions for its clients and their customers across residential, multifamily, small business and commercial/industrial markets. As home of Efficiency@Work, Franklin Energy integrates all customer interaction including online application processing and in-field data collection through its technology suite. Franklin Energy recently acquired Resource Action Programs, a designer and implementer of education based programs and kits. www.franklinenergy.com

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