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

Wind farm is tied to merger OK 

Iberdrola SA says that if the Public Service Commission does not approve its $4.5 billion acquisition of Energy East Corp., it will look elsewhere to make the $2 billion in wind-farm investments it plans for New York.

“Then Iberdrola would not view New York as a state with an attractive regulatory environment in which to target future investment,” the company said in filing Thursday with the PSC. “In that event, Iberdrola would seek to redirect its resources from New York to other locations.”

Iberdrola’s remarks are the latest – and perhaps the last – that it will make officially in the lengthy approval process that the transaction has gone through before the PSC, the state agency that regulates utility companies.

Energy East, based in Maine, is the parent company of Rochester Gas & Electric and New York State Electric & Gas, which collectively serve about 1.3 million customers in upstate New York.

The five governor-appointed members of the PSC must ultimately vote to approve or deny the deal. They are expected to vote at their August meeting at the earliest.

But before that occurs, the process involves a legal proceeding that plays out much like a trial, with evidence submitted by the companies and various interested parties such as the staff at the PSC, the Consumer Protection Board and a group of large industrial businesses known as multiple intervenors.

The latest brief filed by the multiple intervenors on Thursday said the five PSC commissioners should ignore Iberdrola’s threat not to build wind farms in New York.

“Efforts to hold the possibility of future wind generation development ‘hostage’ to merger approval should be met with skepticism and accorded little or no weight,” the companies wrote.

By Larry Rulison
Business Writer

Times Union

4 July 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