| Type | Public |
|---|---|
| Industry | Energy |
| Headquarters | New Gloucester, USA |
| Area served | Nationwide |
| Parent | Iberdrola |
| Subsidiaries | New York State Electric & Gas Rochester Gas and Electric Central Maine Power |
| Website | www.energyeast.com |
Iberdrola USA (formerly 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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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]