Avangrid Subsidiary RG&E Completes $23 Million Investment in New Substation in Sodus
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Avangrid's subsidiary, RG&E, has completed a $23 million investment in a new substation in Sodus, New York, enhancing reliability and capacity for over 3,300 customers. This is part of Avangrid's $7 billion investment plan in New York through 2030.
January 30, 2025 | 2:45 pm
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Avangrid's RG&E has completed a $23 million substation project in Sodus, NY, improving service for over 3,300 customers. This is part of a larger $7 billion investment strategy in New York, potentially enhancing Avangrid's market position and service reliability.
The completion of the substation project is a significant step in Avangrid's $7 billion investment plan, which is likely to improve service reliability and customer satisfaction. This could enhance Avangrid's reputation and market position, potentially leading to positive investor sentiment and a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80