| Wind Watch is a registered educational charity, founded in 2005. |
NY regulators: Lock in Iberdrola wind power pledge
Translate: FROM English | TO English
Translate: FROM English | TO English
ALBANY, N.Y. – New York utility analysts say Iberdrola SA should have to make a binding commitment, not just a promise, to spend $2 billion developing wind energy in the state if it is allowed to buy Energy East Corp.
The company pledged the spending if the Public Service Commission _ whose staff questions whether the $4.6 billion deal would be in the public’s interest _ approves it.
In a recent brief, PSC analysts maintain their opposition to the Spanish company owning wind-energy plants in the state.
But they say that if the agency’s five-member decision-making panel “wishes to recognize the proposed $2 billion investment as a benefit, that benefit should be rendered concrete, through a binding obligation.”
A decision on the proposed deal isn’t expected until mid-August at the earliest.
July 1, 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 Contributions |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=54125 ]
