The four remaining PSC Commissioners all voted YES on the Iberdrola acquisition of Energy East. For a mere $275,000,000 + another $25,000,000, another foreign monopoly buys an important utility infrastructure and gets a bonus – the special exemption – to the well established policy of vertical integration prohibition. Shame on the PSC Commissioners and even greater disdain to the PSC Staff for being enablers of this betrayal.
Citizens, Residents and Neighbors concerned about ill-conceived wind turbine projects in the Town of Cohocton and adjacent townships in Western New York.
Wednesday, September 03, 2008
Iberdrola Buys OFF NYS - PSC fails to protect the public
The four remaining PSC Commissioners all voted YES on the Iberdrola acquisition of Energy East. For a mere $275,000,000 + another $25,000,000, another foreign monopoly buys an important utility infrastructure and gets a bonus – the special exemption – to the well established policy of vertical integration prohibition. Shame on the PSC Commissioners and even greater disdain to the PSC Staff for being enablers of this betrayal.
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