AGR 2017 Annual Report

LETTER TO SHAREHOLDERS III
FINANCIAL AND OPERATIONAL HIGHLIGHTS VIII
FORM 10-K XI
TABLE OF CONTENTS XII
GLOSSARY OF TERMS AND ABBREVIATIONS 1
CAUTIONARY STATEMENT REGARDING FORWARD- LOOKING STATEMENTS 6
PART I 7
Item 1. Business 7
Item 1A. Risk Factors 27
Item 1B. Unresolved Staff Comments 43
Item 2. Properties 43
Item 3. Legal Proceedings 44
Item 4. Mine Safety Disclosures 44
Executive Officers of AVANGRID 45
PART II 47
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 47
Item 6. Selected Financial Data 48
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 50
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 84
Item 8. Financial Statements and Supplementary Data 88
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 175
Item 9A. Controls and Procedures 175
Item 9B. Other information 177
PART III 178
Item 10. Directors, Executive Officers and Corporate Governance 178
Item 11. Executive Compensation 178
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 178
Item 13. Certain Relationships and Related Transactions, and Director Independence 178
Item 14. Principal Accounting Fees and Services 178
PART IV 179
Item 15. Exhibits and Financial Statement Schedules 179
SIGNATURES 184
ADDITIONAL INFORMATION 191

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