Avangrid, Inc. engages in the energy transmission and gas distribution. The company is headquartered in Orange, Connecticut and currently employs 7,579 full-time employees. The company went IPO on 2015-12-17. The firm operates in approximately 24 states with two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns approximately eight electric and natural gas utilities, serving customers in New York and New England. Avangrid Renewables owns and operates approximately 9.2 gigawatts of electricity capacity, primarily through wind and solar power, with a presence in 22 states across the United States. The firm operates through two segments: Networks and Renewables. The Networks segment includes the energy transmission and distribution activities, any other regulated activity originating in New York and Maine and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts. The Renewables segment offers activities relating to renewable energy, mainly wind energy generation, and trading related to such activities.