FERC Approves Iberdrola Acquisition of Energy East
10 Dezembro 2007 - 8:20PM
PR Newswire (US)
PORTLAND, Maine, Dec. 10 /PRNewswire-FirstCall/ -- On December 6,
2007, the Federal Energy Regulatory Commission (FERC) issued an
order approving the acquisition of Energy East Corporation
(NYSE:EAS) by Iberdrola, S.A. In the order FERC noted that the
acquisition does not present vertical or horizontal market power
issues and that the proposed combination will not harm competition.
"The approval by FERC represents the fifth regulatory approval
and/or consent that we have received to date," said Wes von Schack
Energy East's Chairman and Chief Executive Officer. "We continue to
receive strong support from all constituencies, including
customers, employees and the communities we serve, as Iberdrola is
committed to helping us make the necessary infrastructure
investments to meet our customers' future energy needs in an
environmentally responsive manner." Energy East's shareholders
overwhelmingly approved the transaction at a meeting held on
November 20, 2007. Remaining regulatory approvals include state
approvals in New York, Maine and New Hampshire. The transaction is
expected to be completed in the first half of 2008. FORWARD LOOKING
STATEMENTS This communication contains forward-looking information
and statements about Energy East. Forward-looking statements are
statements that are not historical facts. These statements may
include financial projections and estimates and their underlying
assumptions, statements regarding plans, objectives and
expectations with respect to future operations, products and
services, and statements regarding future performance.
Forward-looking statements are generally identified by the words
"expects," "anticipates," "believes," "intends," "estimates" and
similar expressions. Although the management of Energy East
Corporation believes that the expectations reflected in such
forward-looking statements are reasonable, investors and holders of
Energy East Corporation shares are cautioned that forward-looking
information and statements are subject to various risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of Energy East Corporation, that could cause
actual results and developments to differ materially from those
expressed in, or implied or projected by, the forward- looking
information and statements. These risks and uncertainties include
those discussed or identified in the public documents sent by
Energy East to their regulators and under "Risk Factors" in their
annual and quarterly reports filed with the SEC. Except as required
by applicable law, Energy East undertakes no obligation to update
any forward-looking information or statements. About Energy East:
Energy East is a respected super-regional energy services and
delivery company serving about 3 million customers throughout
upstate New York and New England. By providing outstanding customer
service and meeting customers' energy requirements in an
environmentally friendly manner, Energy East will continue to be a
valuable asset to the communities we serve. DATASOURCE: Energy East
CONTACT: Investor Relations, Energy East, +1-207-688-4386 Web site:
http://www.energyeast.com/
Copyright
Energy East (NYSE:EAS)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Energy East (NYSE:EAS)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Energy East Corp da New York Stock Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de Energy East Cp