LOCATION/TYPE

NEWS HOME

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Archive
RSS

Add NWW headlines to your site (click here)

Get weekly updates

WHAT TO DO
when your community is targeted

RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Paypal

Donate via Stripe

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Iberdrola offers concessions 

Iberdrola SA is offering regulators in New York a list of concessions to try and smooth the path for its $4.5 billion acquisition of Energy East Corp.

The large Spanish utility first proposed buying Energy East, which has 1.4 million upstate New York customers, last August.

But the New York Public Service Commission, a five-member board, must sign off on the deal.

PSC staffers, who make recommendations to the commissioners, have been negotiating with Iberdrola and Energy East over a deal that would give New York consumers benefits such as rate decreases.

After talks broke down last Wednesday, the case went before an administrative law judge who will make his own recommendation to the PSC. Hearings before the judge, Rafael Epstein, began Monday.

Iberdrola made the concessions to PSC staff Friday in hopes they could “narrow the issues” prior to the hearings.

One of those concessions is to agree to sell all of Energy East’s fossil fuel power plants in New York.

The PSC has been calling on Iberdrola to get out of all power generation in New York, including wind farm projects it already has in place.

Iberdrola says that if it is allowed to remain in the wind farm business, it will commit to spend at least $100 million on new wind projects in the state over the next three years.

Iberdrola also offered $201.6 million in so-called “positive benefit adjustments” for New York customers.

PSC spokesman James Denn said the hearing was held Monday in Albany as scheduled and is expected to continue today.

By Larry Rulison
Business Writer

TImes Union

18 March 2008

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
   Donate via Paypal
(via Paypal)
Donate via Stripe
(via Stripe)

Share:

e-mail X FB LI TG TG Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon