Iberdrola's purchase of Energy East is a sellout of the people of New York State. When a multi-national conglomerate takes the electricity grid off-shore, it is beyond the reach of the laws of the State of New York, beyond the reach of the laws of The United States.
Iberdrola is based in Spain. If it is successful in its bid to buy Energy East, the people of our state are without legal protection. The owner of Energy East is beyond the legal protections of the State of New York.
Furthermore, Iberdrola owns many power generation sources in the State of New York. They are the state's largest investor in Wind Energy. When the Distribution Source is also the Energy Source, the multi-national conglomerate has a monopoly. The people are the losers in this equation.
Iberdrola should be required to divest any power generation sources it owns, should it become a distribution source.
"You can fool some of the people some of the time. You can fool some of the people all of the time. But you can't fool all of the people all of the time." --- Abraham Lincoln
Governor Eliot Spitzer has fooled some of the people some of the time. Wind energy produces at ten percent of Nameplate Capacity. Many people know this. I suspect the governor also knows this. The governor is on a mission to convince voters he is the champion of Renewable Energy. Just wait till the voters find out that he can only deliver 10% of nameplate capacity in Renewable Energy -- 10% of what he promised voters.
Governor Spitzer, you have done a great job of fooling some of the people some of the time. But you can't fool all of the people all of the time.
Sue Brander
Van Hornesville NY
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