[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Sen. Schumer to meet with PSC chairman about Iberdrola bid  

Before the state Public Service Commission votes on Iberdrola SA’s $4.5 billion bid to buy Energy East Corp., U.S. Sen. Charles Schumer plans to make one last argument in favor of the deal.

His audience? Garry Brown, chairman of the five-member commission.

The PSC and Schumer’s office said Friday that the two men would meet at an undetermined date. Schumer, D-N.Y., has been critical of the staff of the state Department of Public Service, which advises the PSC, and its administrative law judge, Rafael Epstein, who last week recommended that the deal be rejected.

Energy East is the parent of Rochester Gas and Electric Corp. and New York State Electric and Gas Corp., and a sale to Iberdrola would make the Spanish company one of the largest utilities in the state.

Iberdrola said it would invest $2 billion in New York for renewable energy if the deal is approved.

“At issue are upstate jobs and a $2 billion investment in our economy – need I say more?” Schumer said. He said he was seeking an approval “that will keep customer rates low, provide system reliability and bring much-needed wind power to New York.”

Critics have said the deal would concentrate too much power in Iberdrola as both a generator and distributor of electricity.

Democrat and Chronicle

22 June 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 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 $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.