Tuesday, September 02, 2008

PSC Case 07-M-0906 Iberdrola - Energy East Merger September 1, 2008 Letter by Alice Sokolow

Dear NY PSC,

When weighing in on Iberdrola's acquisition of Energy East, please add the following new information attached to Case 07-M-09-06 especially the August 30, 2008 announcement of British gas and electric increases.

Is this the future for NY and Energy East? Who will own the transmission rights(reference 2 & 3)? Is this energy staying in NYS for the benefit of New Yorkers? Has the PSC accounted for the REC's? Higher SBC and RPS charges in our regions? Iberdrola's influence on the Eastern Coast and beyond to transmission pipelines or REC corridors?

Respectfully,

A Negatively Impacted Paying Customer who is not Blown Over by Empty Promises of Wind,

Shown me the Hard Generation Data of Maple Ridge,

Alice Sokolow
Penfield, NY (RGE, Energetix)
& Prattsburgh, NY (NYSEG)

1. August 30, 2008 Timesonline:

ScottishPower lifted its gas bills by 34 per cent, the second-largest rise after British Gas increased its prices by 35 per cent last month. It also announced that it will increase its electricity prices by 9 per cent from Monday. The company's 1.2 million customers will pay £221 more a year for gas and an extra £38 for electricity.

2. June 13, 2008

In the event that IBERDROLA RENOVABLES decides to sell its total shareholding in any of the companies from 1 January 2011, the Company has granted Gamesa Energía a joint transmission right to third parties (tag along) and a first option right, subject to certain conditions.

3. May 25, 2008

Click here: Iberdrola, S.A. Abu Dhabi National Energy Company PJSC 9TAQA) to explore co-investment opportunities | TAQA

Iberdrola, S.A. Abu Dhabi National Energy Company PJSC 9TAQA) to explore co-investment opportunities.

Both companies will explore co-investment and development opportunities in the Middle East, North Africa, Europe and North America

IBERDROLA, S.A. ABU DHABI NATIONAL ENERGY COMPANY PJSC (TAQA) TO EXPLORE CO-INVESTMENT OPPORTUNITIES

Ignacio Galán, Chairman of Iberdrola, and Peter Barker-Homek, CEO of TAQA, signed an agreement today in Abu Dhabi, capital of the United Arab Emirates.

For the Iberdrola Chairman, this new agreement to collaborate in identifying energy investments around the world will benefit both companies, and specifically Iberdrola through the opportunity to grow in new markets such as North Africa and the Middle East with a partner that is already active there, as well as potential to continue building its already significant presence in Europe and North America.

No comments: