Energy East (EAS) Could Be Acquired by Iberdrola Written By: Miranda Marquit 2008-09-04 14:40:32 Photo: -Marlith-, Creative Commons, Flickr
Iberdrola (IBE.MC), the wind energy giant from Spain, has been trying to buy Energy East (EAS) since June 2007. However, it has run up against hurdles as different public service commissions in the states that would be serviced by the new arrangement put the deal up for a vote. Now, though, the New York Public Service Commission has voted (4-0) to approve the acquisition -- provided Iberdrola meets some fairly stiff demands:
Energy Stocks Got a Boost Monday Written By: Miranda Marquit 2008-10-20 13:40:21 Right now, as the stock market rally eases a bit in terms of the financial sector, the energy sector is holding gains. A measure of confidence is returning, thanks to remarks from Ben Bernanke regarding his dedication to stimulate the economy. Also helping the energy sector is the expectation that OPEC will soon be cutting production. This means that supply will decline along with demand, and that oil prices are expected to even out a bit. As a result, Big Oil companies are getting a little boost. ExxonMobil (XOM) and Chevron (CVX) posted the top price earnings out the gate Monday morning on combined confidence and OPEC news.
