Castleton Commodities International LLC Completes Acquisition of Avangrid Inc.’s Gas Trading Business
Stamford, CT – March 2, 2018 – Castleton Commodities International LLC (“CCI”) announced it has closed on the acquisition, through one of its subsidiaries, of Enstor Energy Services, LLC (“EES”), the gas trading business of Avangrid Renewables Holdings, Inc., a wholly-owned subsidiary of Avangrid, Inc..
“The EES acquisition increases our activities in the North American wholesale natural gas market.” said Robert Ruckman, Head of CCI’s U.S. Natural Gas Trading group. “We are pleased to add this business to CCI’s broader natural gas platform and remain focused on pursuing strategic growth opportunities through targeted principal investments.”
CCI’s U.S. Natural Gas business consistently ranks among the top marketers of natural gas in the U.S. transacting on approximately 100 pipelines and over 60 storage facilities to create a geographically diverse portfolio of natural gas assets.
About Castleton Commodities International LLC
CCI is a global commodity merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations and development of commodities-related upstream and infrastructure assets. CCI markets a broad range of physical commodities including electric power, natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, base metals, and petrochemicals. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.
AVANGRID, Inc. (NYSE: AGR) is a diversified energy and utility company with more than $32 billion in assets and operations in 27 states. The company owns regulated utilities and electricity generation assets through two primary lines of business, Avangrid Networks and Avangrid Renewables. Avangrid Networks is comprised of eight electric and natural gas utilities, serving approximately 3.2 million customers in New York and New England. Avangrid Renewables operates more than 6 gigawatts of owned and controlled renewable generation capacity, primarily through wind and solar, in 22 states across the United States. AVANGRID employs approximately 6,800 people. For more information, visit www.avangrid.com.
Brian R. Brooks
+1 (713) 752-1901
March 2, 2018