Avangrid Receives Eddy Award for Student Loan Debt Repayment Program

Core Viewpoint - Avangrid, Inc. has been recognized for its innovative Student Loan Debt Repayment Program, which has significantly benefited its employees financially, saving them over $1.5 million in the past year [1][2]. Group 1: Company Achievements - Avangrid received an Eddy Award from Pension & Investments for its Student Loan Debt Repayment Program, highlighting its commitment to employee financial wellness [1]. - The company ranked second in the Financial Wellness category at the Eddy Awards, marking its third award in four years [1]. - Avangrid has been recognized as one of the JUST 100 companies for four consecutive years, ranking first among utilities in 2024 [2]. Group 2: Employee Benefits - The Student Loan Debt Repayment Program offers non-union employees a monthly payment of $250, with a lifetime maximum of $9,000, directly benefiting their student loan providers [2]. - Over 600 employees have enrolled in the program, indicating strong participation and support for employee financial health [2]. - Employees have expressed that the program enhances their overall wellbeing, allowing them to manage their student loans more effectively [2]. Group 3: Company Profile - Avangrid, Inc. is a leading sustainable energy company with approximately $44 billion in assets and operations across 24 U.S. states [2]. - The company operates in two primary sectors: networks and renewables, serving over 3.3 million customers [2]. - Avangrid employs around 8,000 people and has been recognized for its ethical practices and commitment to sustainability [2].