Tuesday, August 26, 2008

New York PSC to rule on Iberdrola's $4.5B bid for Energy East

Article in the D&C by Jim Stinson and Gary Craig • Staff writers • August 26, 2008

The future of the world's fourth-largest utility in New York state could soon be at an end, or a beginning.

Iberdrola SA of Bilbao, Spain, has bid more than $4.5 billion for Energy East Corp., the parent company of Rochester Gas and Electric Corp. and New York State Electric and Gas Corp. Fourteen months after the friendly deal was unveiled, Iberdrola is due to get a thumbs up or thumbs down Wednesday from the state Public Service Commission.

At stake are $2 billion in upstate investment, New York's reputation as a place to do business and what might happen to the fourth-highest ...

click on link to read the entire article http://www.democratandchronicle.com/article/20080826/NEWS01/808260336

Voice Your Choice Say NO to Overhead Power Lines

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