"Today marks three weeks since the administrative law judge was supposed to make his recommendation on Iberdrola," said the CEO of the Rochester Business Alliance.
Indeed, May 23 was when Iberdrola, the Spanish utility that wants to invest heavily in New York state, had hoped that a Public Service Commission law judge would issue his findings on the company's plan to buy Energy East Corp. Energy East is the parent of Rochester Gas and Electric and New York State Electric and Gas.
But there's a big difference between what Iberdrola was hoping would happen and the way the PSC sees the matter.
Yes, Iberdrola had wanted Judge Rafael Epstein to make his recommendation by May 23 because the company still was seeking to close on the $4.5 billion purchase of Energy East this summer.
But the PSC marches to its own drummer, so there was nothing special about May 23 as far as the Albany-based agency was concerned.
"The Iberdrola people are very frustrated," Parker said. "I give them a lot of credit for hanging in there."
But she is worried — as are many business leaders and politicians — that Iberdrola's patience will soon be exhausted.
"They're going to take their business elsewhere," Parker said.
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