Iberdrola bid for RG&E parent hits obstacle - The Diigo Meta page

• 20 Jan 08
  

  CWWgroup

  Iberdrola East RG&E NYSEG PSC electric alternative energy industrial wind developer Power Plants Policy Public Service Commission

  • (January 18, 2008) — The state Public Service Commission staff is advising against the proposed takeover of Energy East, the parent of Rochester Gas and Electric, by the Spanish utility Iberdrola SA.  The recommendation doesn't mean the $4.5 billion deal won't go through, but it does put up a barrier that the companies will need to overcome.   The PSC staff said that ownership by Iberdrola wouldn't benefit customers either in terms of rates or service reliability.

Page Comments

• 
  CWWgroup on 2008-01-20
  (January 18, 2008) — The state Public Service Commission staff is advising against the proposed takeover of Energy East, the parent of Rochester Gas and Electric, by the Spanish utility Iberdrola SA.
  
  The recommendation doesn't mean the $4.5 billion deal won't go through, but it does put up a barrier that the companies will need to overcome.
  
  The PSC staff said that ownership by Iberdrola wouldn't benefit customers either in terms of rates or service reliability.

Would you like to comment?

Join Diigo for a free account, or sign in if you are already a member.