oryucyjofec1482.blogspot.com
million bid to buy , provided each wind farm is approve d by the state ona case-by-case basis. PSC staffc still opposes Iberdrola owning wind farms or any powed plants in the state as a condition ofthe But, they say, if the commission approvexs the deal, the Spanish energy conglomerate shouldr have each wind power project reviewed individually, accordingg to a June 26 briefr filed on behalf of PSC staff. The briefr was in response to an administrativelaw judge's June 16 non-bindinb ruling that Iberdrola shoulds not be permitted to build wind farms in the company'x service territories.
It is unlikely the PSC's five commissioners will make a decisioh at their July 16 The deadline for all parties to respond to the June 26 filinges is Thursday and their revieww will take senior staff analystsseveral weeks, PSC spokesmanj James Denn said. It is also possible the parties could settlre before the commission votes onthe matter, Denn The company says it will invest at leasyt $2 billion in wind-power generation in the statse if it is permitted to acquire Energy East.
Should the mergerr be approved, PSC staff want measures in placse that would require the company to follow through on its The staff has concernsx that there are no guarantees that the investmentsewould occur, the filing stated. As Iberdrolw builds the plants, the $201 million dedicated to customer benefits couldbe reduced. Organizationz have come out on both sides ofthe argument. The New York Consumer Protection Board and state Department of Environmental Conservationh supportthe acquisition. says Iberdrola, which is the second-largesyt wind energy operator inthe country, should not be able to producee and provide power.
The state prohibits "vertical market or the ability for power providers to also operate aspower generators. The bid is supported by key membersz of thestate Legislature, as well as U.S. Senatore Charles Schumer, D-NY, and Gov. David Paterson.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment