Sign Up For Novogradac Industry Alert Emails

IBERDOLA SA ACQUIRES ENERGY EAST CORPORATION

Tuesday, June 26, 2007 - 7:00AM

The boards of Spanish energy company Iberdola SA and Energy East Corporation yesterday announced a merger agreement under which Iberdola will acquire Energy East. Iberdola says the transaction also allows it to optimize its current presence in the renewable energy business in the United States, the second largest market globally. For example, Iberdola plans to support Energy East's efforts by exploring opportunities to expand its wind generation portfolio, which includes the upstate New York-based Maple Ridge wind generating facility -- the largest such facility on the East Coast.

Learn more about Novogradac's expertise and many services