IBERDROLA has undergone a wide-ranging transformation over the last ten years which has enabled it to advance through the ranks to become the number one Spanish energy group, one of the Spanish main companies on the Ibex 35 by market capitalisation, the world leader in renewable energies, and one of the world's top power companies.
Our work has led us to an international reference position, becoming one of the leading operators in the UK, one of the largest electricity utilities in the United States, the main private generator of Mexico and as the electricity supplier with the most customers in Brazil.
This positive evolution has been made possible thanks to a strategic vision that has enabled IBERDROLA to anticipate the needs of the energy sector throughout three stages:
AVANGRID, one of the largest electricity utilities in the United States
Notable features of this third stage include Iberdrola USA's obtaining all necessary approvals to seal its friendly merger [PDF] with UIL Holdings Corporation. Completion of the merger on 16 December 2015 gave rise to the new company AVANGRID. The company, which boasts assets worth in excess of 30 billion dollars, was listed on the New York Stock Exchange on 17 December. The new company is one of the largest electricity utilities in the U.S. consolidating its position as the second largest wind energy operator. By its nature as a listed country subholding company listed it has full independence and strengthened autonomy.
For more information look up Guidance 2015 Infographic [PDF], Nine Months 2015 Report Results [PDF], Nine Months 2015 Results Presentation [PDF] and 2014 Sustainability Report published on February 2015 by the Company.
(*) Portuguese version.