Iberdrola closes Energy East deal

Iberdrola SA officially closed on its $4.5 billion acquisition of Energy East Corp. Tuesday, giving the Spanish utility 1.7 million gas and electric accounts in upstate New York.

Lawyers for Iberdrola filed a one-page letter with the Federal Energy Regulatory Commission notifying the agency that the deal had been completed.

Energy East, based in Maine, owns New York State Electric & Gas and Rochester Gas & Electric, two Rochester-based utilities. NYSEG has customers in the Capital Region.

(Click to read entire article)


Blogger Template by Blogcrowds

Copyright 2006| Blogger Templates by GeckoandFly modified and converted to Blogger Beta by Blogcrowds.
No part of the content or the blog may be reproduced without prior written permission.