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Avangrid Foundation Announces National Partnership with Feeding America®

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Avangrid Foundation Announces National Partnership with Feeding America®
News

News

Avangrid Foundation Announces National Partnership with Feeding America®

2025-12-23 00:10 Last Updated At:00:30

ORANGE, Conn.--(BUSINESS WIRE)--Dec 22, 2025--

The Avangrid Foundation, the philanthropic arm of leading energy company Avangrid Inc., a member of the Iberdrola Group, today announced its recommitment to its national partnership with Feeding America®, the nation’s largest hunger-relief organization. Through a $250,000 grant, the Avangrid Foundation will fund 2.5 million meals distributed through the Feeding America network of local food banks and pantries. Just $1 in funding helps provide at least 10 meals secured by Feeding America® on behalf of local partner food banks.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251222681494/en/

“The holiday season is a time to deepen our commitment to supporting local communities, and renewing our partnership with Feeding America will make a meaningful difference for families facing food insecurity,” said Avangrid CEO Jose Antonio Miranda. “Together, we can strengthen food security and help ensure that food banks and families across our footprint have the resources they need to fight hunger.”

Feeding America is part of a nationwide network of food banks, food pantries, and meal programs. The Avangrid Foundation’s grant will support the following local partner food banks in Avangrid’s service areas: Connecticut Foodshare, FeedMore WNY, Food Bank of the Southern Tier, Food Bank of Western Massachusetts, Foodlink, Good Shepherd Food Bank, Greater Boston Food Bank, Oregon Food Bank, and Regional Food Bank of Northeastern NY.

“Creating stronger, healthier communities is central to our work at the Avangrid Foundation,” said Pablo Colón, Executive Director of Avangrid Foundation and Director of Corporate Citizenship at Avangrid. “Through our partnership with Feeding America and local partner food banks, we’re helping to expand access to nutritious food and helping community organizations deliver meaningful support where it matters most.”

This year to date, the Avangrid Foundation and Avangrid employees have given approximately $680,000 in food security initiatives across the United States, reinforcing their commitment to addressing hunger and supporting families in need.

In addition, Avangrid employees have donated over 10,000 food items and contributed more than 2,600 volunteer hours to food drives and food pantry programming, demonstrating the company’s dedication to strengthening local communities through both philanthropic investment and hands‑on service.

“One in seven people in the U.S. experience food insecurity,” said Elizabeth Pettengill, Feeding America’s interim vice president of corporate and foundation partnerships. “We are delighted to partner with Avangrid, whose commitment through financial support and impactful volunteer service fuels our mission of supporting communities and ensuring a hunger-free America.”

Feeding America is the nation’s largest hunger-relief organization, working through a nationwide network of more than 250 food banks and 60,000 food pantries and meal programs to provide meals to millions of people facing hunger each year. The organization also leads national efforts to address the root causes of food insecurity, strengthen local food systems, and advocate for policies that support families and communities. Through partnerships with groups like the Avangrid Foundation, Feeding America helps ensure that nutritious food reaches the people who need it most.

About Avangrid Foundation: The Avangrid Foundation is an independent, nonprofit organization that funds philanthropic investments that primarily impact communities where Avangrid, Inc. and its subsidiaries operate. Since 2001, the Avangrid Foundation and its predecessors have invested more than $42.4 million in partnerships that focus on building sustainable, vital and healthy communities; preserving cultural and artistic heritage; advancing education; and improving people’s lives. The Avangrid Foundation is committed to advancing the United Nations Sustainable Development Goals in the United States. For more information, please visit https://www.avangrid.com/avangrid-foundation.

About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine and Oregon, including operations in 23 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens in 2025 for the fifth consecutive year. The company was named among the World’s Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit http://www.avangrid.com.

Avangrid employees volunteer at Connecticut Foodshare, a member of Feeding America’s network of local food banks and pantries

Avangrid employees volunteer at Connecticut Foodshare, a member of Feeding America’s network of local food banks and pantries

NEW YORK (AP) — Stocks rose in morning trading on Wall Street Monday at the start of what’s expected to be a quiet holiday week.

The S&P 500 rose 0.5% and is just below the all-time high it set earlier this month. The Dow Jones Industrial Average rose 210 points, or 0.4%, as of 10:47 a.m. Eastern time. The Nasdaq composite climbed 0.4%.

The broader market eked out a slight gain last week in what has been a choppy month. Technology companies, especially those focused on artificial intelligence, have been the main force behind the market's oscillations. The direction of AI-related stocks will likely determine whether the market closes out December with gains or losses.

“If a Santa Claus rally does kick in this year, St. Nick’s gift bag will likely need to be full of positive tech sentiment,” wrote Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley.

The gains on Monday were broad, with technology companies and banks leading the way. JPMorgan Chase rose 1% and Nvidia rose 1.3%.

Uber rose 2.8% and Lyft rose 4.2% after announcing plans to bring robotaxi services to London next year.

Gold and silver touched records and oil prices jumped after the U.S. Coast Guard said it was pursuing another sanctioned oil tanker in the Caribbean.

Gold prices rose 1.7% and are hovering around $4,460 per ounce, adding to their consistent gains throughout the year. Silver prices were up about 1.9%.

Crude oil prices in the U.S. rose 2.2% and prices for Brent crude oil, the international standard, rose 2.2%.

Treasury yields edged higher in the bond market. The yield on the 10-year Treasury rose to 4.17% from 4.15% late Friday.

Markets in Asia gained ground while markets in Europe slipped.

Markets in the U.S. will close early on Wednesday for Christmas Eve and remain closed on Thursday for Christmas. The short week for trading includes several economic reports that could shed more light on the condition and direction of the U.S. economy.

On Tuesday, the government releases the first of three estimates on gross domestic product, a reflection of how the broader U.S. economy fared in the third quarter. On Wednesday, the Labor Department will release its weekly data on applications for jobless benefits, which stands as a proxy for U.S. layoffs.

The Conference Board offers up results from its December consumer confidence survey on Tuesday as well.

The upcoming reports follow a mix of updates last week that show inflation remains elevated and consumer confidence has diminished over the last year. Overall, the job market has been slowing and retail sales have weakened.

The ongoing and wide-ranging U.S. trade war has been hanging over consumers and businesses already squeezed and worried by higher prices. The mix of stubbornly high inflation and a weaker jobs market has also put the Federal Reserve in a more difficult policy position moving forward.

The Fed has cut its benchmark interest rate at its last three meetings, despite inflation that has remained stubbornly above its 2% target. Fed officials have grown increasingly concerned about the slowing job market, pushing them to trim rates. Cutting interest rates to bolster the economy because of a weak job market could fuel inflation, however.

Wall Street is mostly betting that the Fed will hold steady on interest rates at its meeting in January.

Elaine Kurtenbach and Matt Ott contributed to this story.

James Denaro works on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)

James Denaro works on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)

Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

Trader William Lawrence works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

Trader William Lawrence works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)

A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 22, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

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