"Focus: Energy & Utilities" piece on the planned merger of Central Maine Power's

Douglas Rooks

Source

Mainebiz

Date

9-3-2007

Pages

36-37

Abstract

"Focus: Energy & Utilities" piece on the planned merger of Central Maine Power's (CMP) parent company Energy East, and the Spanish utility giant Iberdrola. Iberdrola's move into the American market came in June in the form a a $4.5 billion acquisition for Energy East. Richard Davies, Maine Public Advocate, said he hasn't turned up any regulatory problems to date, adding that the relative transparency of European utilities has been welcome. Nationally, Iberdrola is the second-largest single investor in wind power projects, and has indirect investments in the Mars Hill wind farm in Maine. With comments by Tony Buxton, an attorney with Preti Flaherty who represents large customers through Preti's Industrial Energy Consumers Group; and Wesley von Schack, CEO of Energy East.

Subjects

Central Maine Power Company, Iberdrola

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