Dan Wing analysis of Energy East purchase by Iberdrola

Apparently NY and Federal formal approval has not yet been obtained for finalization of Iberdrola's purchase of Energy East.

Iberdrola's scheme is simple.

Own the companies (Energy East, RG&E, NYSEG, etc.) that BUY windpower at the END POINT for REGIONAL CONSUMPTION. Then Iberdrola has those END POINT companies greatly increase the BUYING , MARKETING, and REGIONAL DISTRIBUTION TO CONSUMERS of windpower -- that windpower being GENERATED / PRODUCED by Iberdrola (and its subsidiaries') owned WINDFARMS.

When owned by Iberdrola, Energy East, RG&E, NYSEG, etc., will be directed by Iberdrola to purchase a lot more windpower from Iberdrola (and its subsidiaries') owned windfarms, resulting in INCREASED DEMAND for Iberdrola-generated windpower, resulting in the construction of more windpower turbines and windfarms built and owned by Iberdrola (and its subsidiaries) which, in turn will result in Iberdrola obtaining more "freebie" tax credits (state and federal massive giveaway monies for windpower -- which is currently still a technologically very inefficient and very unprofitable source of electricity which CANNOT economically exist without massive "freebies"). The more wind turbines and windfarms Iberdrola builds resulting from this scheme, the greater the windpower load carried and transmitted by the TRANSMITTER / SUPPLIER company CEI (owned by Iberdrola), resulting in vastly increased "freebie" windpower tax credits for Iberdrola owned CEI. In this scheme, Iberdrola owned Energy East, RG&E, NYSEG, etc. also reap a windfall of "freebie" tax credits (for their owner Iberdrola) resulting from their anticipated increasing purchases of windpower, which is Iberdrola's objective. "Freebie" windpower tax credits across the board to all Iberdrola-owned companies.

Additionally, the scheme allows Iberdrola (and its subsidiaries) to control windpower PRICING and DEMAND by controlling OUTPUT SALES, by controlling TRANSMISSION / SUPPLY PRICES, and by controlling END POINT BUYING / PRICING by ensuring that Iberdrola's produced and supplied windpower is the only windpower available at the END POINT (as is currently the case with END POINT'S Energy East, RG&E, NYSEG). Availability (of windpower-produced electricity) is limited in regional consumer markets (such as in Rochester, NY) solely [or mostly] to only Iberdrola-generated windpower, resulting in monopolization windpower price fixing and price gouging by Iberdrola and the subsidiaries Iberdrola owns.

The wholesale selloff to Foreign Corporations of our Nation's power generation grid (nuclear power generation being the only exception), as aided by the quick bucks attitude of some of oour Local Governments, and by our State and Federal Governents, poses a National Security Concern. Our Nation is in deep trouble being that it is on the verge of no longer controlling nor owning its very own electric power supply.