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Central Maine Power CEO to retire

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Central Maine Power CEO to retire

Avangrid Inc. said in a Nov. 21 SEC filing that Sara Burns plans to retire as president and CEO of its Central Maine Power Co. subsidiary, effective Dec. 31.

Separately, Avangrid closed its $600 million offering of 3.15% senior unsecured notes due Dec. 1, 2024.

Proceeds will be used to reimburse expenditures made to build a 208-MW wind farm in North Carolina and purchase a 56-MW solar facility in Oregon. Any remaining net proceeds will be used to finance additional renewable energy projects selected by the company's green financing committee.

Citigroup Global Markets Inc., BBVA Securities Inc., BNP Paribas Securities Corp., Wells Fargo Securities LLC, Deutsche Bank Securities Inc., Drexel Hamilton LLC and The Williams Capital Group LP served as joint book-running managers.