Wednesday, March 12, 2008

Energy East Corporation

PORTLAND, Maine, March 12 /PRNewswire-FirstCall/ -- Energy East Corporation (NYSE: EAS - News), Iberdrola S.A. and the staff of the New York State Public Service Commission (NYPSC) today informed the Administrative Law Judge assigned to the joint petition requesting approval by the NYPSC of the acquisition of Energy East by Iberdrola that efforts to reach a negotiated resolution have not been successful. Evidentiary hearings are expected to commence as scheduled on Monday, March 17, 2008.

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