Sunday, January 13, 2008

Electric deal is sign of the times

You can almost hear the gnashing of teeth. A Spanish company, Iberdrola, is about to acquire Energy East, the parent of New York State Electric & Gas Corp. The company has received needed approvals from the federal agencies, and it is close to receiving the endorsement of four of the five state regulatory agencies. A decision from New York regulators is still some way off.

Critics of the deal express anxiety that a foreign company may eventually control electric distribution to 3 million customers in the Northeast. They wonder if it's wise to have such critical infrastructure out of the hands of a domestic owner.

(Click to read entire article)

Voice Your Choice Say NO to Overhead Power Lines

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