Iberdrola USA
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- Energy East redirects here. For the proposed Canadian pipeline, see Energy East pipeline.
| 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 Spanish energy company Iberdrola, S.A., is an energy services and delivery company serving about 2.7 million customers throughout upstate New York and New England.
History
In 2007 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
- Central Maine Power (CMP)
- New York State Electric and Gas (NYSEG)
- Rochester Gas and Electric (RG&E)
Other ventures
- 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
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. Retrieved 2009-12-07.
- ↑ Direct Energy acquires Iberdrola USA subsidiaries for £71m
External links
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