Welcome to the AVANGRID Second Quarter 2021 Earnings Conference Call. [Operator Instructions].
I ll now turn today s call over to Patricia Cosgel, VP of Investor and Shareholder Services. Please go ahead.
Patricia Cosgel
Vice President of Investor Relations
Thank you, Stephanie, and good morning to everyone. Thank you for joining us today to discuss AVANGRID s second quarter 2021 earnings results. Presenting on the call today are Dennis Arriola, our Chief Executive Officer; and Doug Stuver, our Senior Vice President and Chief Financial Officer. Also joining us today for the question and answer part of the call will be Bob Kump, Deputy Chief Executive Officer and President of AVANGRID; Alejandro de Hoz, President and Chief Executive Officer of AVANGRID Renewables; and Catherine Stempien, President and Chief Executive Officer of AVANGRID Networks.
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Frontier Communication’s headquarters on the Kanawha River in Charleston. (Photo by Steven Allen Adams)
CHARLESTON West Virginia became the 12th state to accept the bankruptcy reorganization plan from Frontier Communications, even though lawmakers still have concerns whether Frontier can live up to its promises to expand broadband service across the state.
The state Public Service Commission released two orders Friday: one accepting a proposed settlement agreement between Frontier, PSC attorneys, the PSC’s Consumer Advocate Division and the Communication Workers of America union and the other accepting the results from a long-anticipated focused management audit of the company.
The two orders impose strict conditions on Frontier to improve its copper-line phone and internet services, as well as expand its fiber broadband internet service. Under the joint stipulation agreement approved by the PSC, Frontier agreed to spend $200 million on capital improvements by Dec. 31, 2023,