May 25, 2010 - Iberdrola USA has announced its intent to sell three natural gas companies in Southern New England. The sale will help pay the $1.4 billion price tag of the Maine Power Reliability Project, a major upgrade of the state’s electricity grid that was approved this month by the Maine Public Utilities Commission. Central Maine Power Company is a wholly-owned subsidiary of Iberdrola USA.
All three Iberdrola USA subsidiaries – Southern Connecticut Gas Co., Connecticut Natural Gas Corp. and Berkshire Gas Co – are being sold to UIL Holdings for approximately $1.3 billion, including the... Read More
Business Manager Tony Sapienza