in News Departments > New & Noteworthy
print the content item

Spanish utility company Iberdrola has accepted the conditions set by the New York State Public Service Commission (PSC) in order for the company to acquire Energy East. The decision came following analysis of the conditions stipulated by the PSC.

The PSC authorization involves no limitation on Iberdrola's ability to develop wind power projects in New York. Regulatory approval had been previously obtained from all other federal and state authorities.

According to Iberdrola, the transaction has won broad support over recent months in the U.S. from consumer groups, unions and political leaders.

"This acquisition is one of the key elements of our 2008-10 strategic plan and gives us an important platform to develop our growth in a market the group has identified as key to its future development," says Iberdrola Chairman Ignacio Galan.

With the acquisition of Energy East, the utility's assets in the U.S. are worth $20 billion.

SOURCE: Iberdrola


Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

Acciona_id1907
UEA_id1896
WomenofWind_id
JLG_id1900
AWEA_id1886
bonfiglioli_id1913