- Iberdrola USA
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Iberdrola USA, Inc. 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 PowerWebsite 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.
Contents
History
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]
Subsidiaries
- Central Maine Power Company (CMP)
- NYSEG (New York State Electric and Gas Corporation; formerly NYSE&G)
- Rochester Gas and Electric (RGE)
- Utility Shared Services (USS) - Formed in 2003 to provide IT, HR, Purchasing, Finance, and Accounting services for the six regulated utilities.
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
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.
External links
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