Iberdrola USA
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Iberdrola USA, formerly known as Energy East is a Fortune 500 company that serves 2.9 million public utility customers with energy, primarily electricity and natural gas.
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[edit] Subsidiaries
- Berkshire Gas [1]
- CMP - Central Maine Power [2]
- CNG - Connecticut Natural Gas [3]
- NYSEG - New York State Electric and Gas Corporation [4]
- RGE - Rochester Gas and Electric [5]
- SCG - Southern Connecticut Gas [6]
- USS - Utility Shared Services - Formed in 2003 to provide IT, HR, Purchasing, Finance and Accounting services for the six regulated utilities.
[edit] Other ventures
- Central Maine Gas - a tiny natural gas company serving customers around Brunswick, ME
- Energetix! - an unregulated utility based in Rochester, NY
- New Hampshire Gas - a small propane/air utility in New Hampshire
[edit] News
In 2007 the Spanish electrical company Iberdrola agreed to purchase Energy East. The deal closed on September 17, 2008, valuing each Energy East share at $28.50. This represents 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]
[edit] References
- ^ 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. http://www.rbj.net/article.asp?aID=182269. Retrieved 2009-12-07.
[edit] External links
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