Brief: Avangrid Announces Agreement For Sale Of Kitty Hawk North Offshore Lease Area To Dominion Energy

Avangrid

08/07/2024 21:32

July 8 (Reuters) - Avangrid Inc  AGR.N :
    * AVANGRID ANNOUNCES AGREEMENT FOR SALE OF KITTY HAWK NORTH
OFFSHORE LEASE AREA TO DOMINION ENERGY
    * AVANGRID ANNOUNCES AGREEMENT FOR SALE OF KITTY HAWK NORTH
OFFSHORE LEASE AREA TO DOMINION ENERGY
    * AVANGRID INC - TRANSACTION VALUE OF APPROXIMATELY $160
MILLION
EXPECTED TO CLOSE IN Q4 OF 2024
    * AVANGRID INC - AVANGRID RETAINS OWNERSHIP AND ASSOCIATED
RIGHTS
TO KITTY HAWK SOUTH LEASE
    * AVANGRID INC - SALE PRICE CONSISTS OF A LEASE ACQUISITION
PAYMENT OF $117 MILLION

Source text for Eikon:  ID:nBw6RrXD4a 
Further company coverage:  AGR.N 

 ((Reuters.Briefs@thomsonreuters.com;))