Central Maine Power's owner
Avangrid just announced their 2022 net income: $881M (+25% over 2021).

Good times for utility corporations.

Not so much for their #captivecustomers.

Avangrid boasts that results "benefited from the execution of rate plans in New York and Maine"

#MEPolitics #AvanGreed

All those chronic billing issues that Avangrid-owned utilities keep having?

Not their fault--it's because of COVID!

That's literally what they said this week.

Your average toddler has more accountability than this corporation.

https://fingerlakes1.com/2023/01/12/local-rge-and-nyseg-representatives-address-billing-investigation/

#MEPolitics #avangreed

George Danby on the money:

https://danbyink.bdnblogs.com/2022/12/18/customer-satisfaction/

#MEPolitics #AvanGreed #UtilityAccountability #Maine

"Fake it till you make it" is CMP owner @avangrid's tactic in New Mexico, where they won't take "No" for an answer to acquiring a local utility.

Avangrid is being "disingenuous and confusing the public" says regulator.

Sound familiar?

#MEPolitics #Energy #UtilityAccountability #AvanGreed

https://nmpoliticalreport.com/2022/12/15/prc-criticizes-pnm-avangrid-joint-advertisements-but-says-theyre-not-within-commission-jurisdiction/

What drives decision-making at CMP owner Avangrid?

Execs are paid largely in shares--in 2021 $10M of the CEO's $14M compensation was stock.

Result? They push CMP and other subsidiaries relentlessly to maximize quarterly returns, raising share value.

#MEPolitics #Avangreed #Energy

Avangrid's lawyers chalk up a victory in Maine's Supreme Court in CMP #NECEC case.

If things don't go your way at the polls, no problem: just send in the lawyers to work the courts. It's the #Avangreed way.

#MEPolitics #LocalControl #Energy

https://www.mainepublic.org/business-and-economy/2022-11-29/maines-highest-court-upholds-lease-for-cmp-corridor-on-state-land

Avangrid just published CMP's Q3 financials. You sitting down?

CMP took $49.1M in profit. That's $533,869 every single day extracted from hardworking families struggling to pay skyrocketing bills.

Unconscionable.

https://s24.q4cdn.com/489945429/files/doc_financial/Supplemental_Report/2022/3Q/CMP-FS-Q3-2022-Final-11-11-2022.pdf

#MEPolitics #AvanGreed #EnergyMastadon