Iberdrola USA
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(Redirected from Central Maine Power)
| Type | Public |
|---|---|
| Industry | Energy |
| Predecessor(s) | Energy East |
| Headquarters | New Gloucester, Maine and Rochester, New York, USA |
| Area served | New York, New England |
| Services | hydroelectric generation, electric transmission and distribution, natural gas distribution, propane/air distribution, energy services |
| Owner(s) | Iberdrola S.A. |
| Parent | Iberdrola S.A. |
| Subsidiaries | New York State Electric & Gas Rochester Gas and Electric Central Maine Power |
| Website | www.iberdrolausa.com |
Iberdrola USA (formerly Energy East) a subsidiary of global energy leader Iberdrola, S.A., is an energy services and delivery company serving about 2.7 million customers throughout upstate New York and New England.
Contents |
History[edit]
In 2007 the Spanish energy company Iberdrola agreed to purchase Energy East. The deal closed on September 17, 2008, valuing each Energy East share at $28.50. This represented a premium of 20.2% over the average share price for the 30 days prior to the offer announcement.[1] On December 7, 2009, Iberdrola announced it was renaming the company as Iberdrola USA.[2]
In 2012, Iberdrola USA sold its energy services companies, Energetix and NYSEG Solutions, to Direct Energy.[3]
Subsidiaries[edit]
- Central Maine Power Company (CMP)
- NYSEG (New York State Electric and Gas Corporation; aka NYSEG)
- Rochester Gas and Electric (Rochester Gas and Electric Corporation; aka RG&E)
Other ventures[edit]
- Maine Natural Gas - a natural gas company serving customers around Brunswick, ME
- New Hampshire Gas - a small propane/air utility serving customers around Keene, NH
See also[edit]
References[edit]
- ^ http://www.rge.com/MediaLibrary/2/5/Content%20Management/Shared/OurCompany/PDFs%20and%20Docs/ibdclosing917.pdf
- ^ Adams, Thomas (2009-12-07). "Energy East becomes Iberdrola USA". Rochester, New York: Rochester Business Journal. Retrieved 2009-12-07.
- ^ Direct Energy acquires Iberdrola USA subsidiaries for £71m
External links[edit]
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