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Iberdrola: Vote on $4.5B merger
Lawyers for Iberdrola SA are pushing the Public Service Commission to vote on the proposed $4.5 billion merger with Energy East Corp. before its next meeting, which is scheduled for Aug. 20.
The Spanish utility has made a well-publicized bid for Maine-based Energy East, which has 1.3 million customers in upstate New York through its Rochester Gas & Electric and New York State Electric & Gas subsidiaries.
The PSC has been considering the merger for 12 months ...Galan also said that Iberdrola will not accept any regulatory limits on its ability to build or own wind farms in New York.
July 25, 2008
by Larry Rulison
in Time Union
Spanish utility wants PSC to hold meeting to decide on company's deal to acquire Energy East
Lawyers for Iberdrola SA are pushing the Public Service Commission to vote on the proposed $4.5 billion merger with Energy East Corp. before its next meeting, which is scheduled for Aug. 20.
The Spanish utility has made a well-publicized bid for Maine-based Energy East, which has 1.3 million customers in upstate New York through its Rochester Gas & Electric and New York State Electric & Gas subsidiaries.
The PSC has been considering the merger for 12 months through a lengthy legal process that involves... [continue via Web link]
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