Iberdrola

The courageous ruling by the PSC administrative law judge to reject approval of the Iberdrola acquisition of Energy East is getting intense criticism by all the usual suspects. On the face of all the hullaballoo coming from self-indulgent beholding politicians, covetous transnational corporations and their business interest crony groups, the public should savor the moment. Who protects the energy consumer and the hard-pressed taxpayer? Well, we have an answer and his name is Rafael Epstein!

The Citizen Power Alliance takes issue with your remarks about the PSC review on the Iberdrola acquisition of Energy East as reported in the D&C Schumer rips PSC staff on Iberdrola and in the Times Union Senator slams PSC in deal.

Iberdrola seeks to force this kind of marginal technology, at best, upon every hamlet and hillside in a reprehensible attempt to produce a superior stock holder return on equity. How does the NY consumer benefit from such a plot to defraud the ratepayer? The threats of eminent domain have been heard at every corner of our state.

(January 18, 2008) — The state Public Service Commission staff is advising against the proposed takeover of Energy East, the parent of Rochester Gas and Electric, by the Spanish utility Iberdrola SA. The PSC staff said that ownership by Iberdrola wouldn't benefit customers either in terms of rates or service reliability.