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July 07, 2015 5:28 AM ET

Multi-Utilities

Company Overview of Iberdrola USA, Inc.

Company Overview

Iberdrola USA, Inc. engages in the generation, transmission, and distribution of thermal, wind, solar, and biomass power in the United States. It is also involved in the natural gas/propane storage and distribution; and provision of energy management and hub services, as well as financial services. As of February 26, 2015, the company had approximately 1.8 million electricity and 0.6 million gas points of supply; and an installed capacity of 6.5 gigawatts. The company was formerly known as Energy East Corporation and changed its name to Iberdrola USA, Inc. in December 2009. The company was founded in 1852 and is based in Albany, New York. Iberdrola USA, Inc. is a subsidiary of Iberdrola, S.A...

One Commerce Plaza

Suite 2018

99 Washington Avenue

Albany, NY 12210

United States

Founded in 1852

Key Executives for Iberdrola USA, Inc.

Vice President of Finance
Vice President of Operations, Technologies & Business Transformation
Chairman of Berkshire Gas Company, Chief Executive Officer of The Southern Connecticut Gas Company, Chief Executive Officer of Connecticut Natural Gas Corporation, Chief Executive Officer of Berkshire Gas Company, President of The Southern Connecticut Gas Company and President - Connecticut Natural Gas Corporation
Age: 64
Chief Executive Officer of Central Maine Power Company and President of Central Maine Power Company
Age: 59
President of the Berkshire Gas Company, Chief Operating Officer of the Berkshire Gas Company and Treasurer of the Berkshire Gas Company
Age: 57
Compensation as of Fiscal Year 2015.

Iberdrola USA, Inc. Key Developments

Iberdrola USA, Inc., UIL Holdings Corporation - M&A Call

To discuss the definitive agreement under which Iberdrola USA will acquire UIL and create a newly listed U.S. publicly-traded company

Iberdrola USA, Inc., UIL Holdings Corporation - M&A Call

To discuss the definitive agreement under which Iberdrola USA will acquire UIL and create a newly listed U.S. publicly-traded company

Iberdrola USA Announces Executive Changes

Iberdrola USA, a subsidiary of Iberdrola, S.A., has appointed a new eight-member board of directors that will be led by Chairman Ignacio Galan of Iberdrola. Robert Kump, chief executive officer for Iberdrola USA Networks and a member of the Iberdrola USA board, has also been appointed chief corporate officer for Iberdrola in the U.S. The board includes four independent members: John Elias Baldacci, previously governor of the State of Maine and member of the U.S. House of Representatives; Jose W. Fernandez, U.S. assistant secretary of state for economic, energy, and business affairs from 2009 - 2013; Alan D. Solomont, U.S. ambassador to Spain and Andorra from 2009 - 2013 and Alfredo Elias Ayub, for more than a decade director general of the Comision Federal de Electricidad. Other new members of the board include Jose Sainz Armada, chief financial officer for Iberdrola Group and Pedro Azagra Blazquez, chief development officer for Iberdrola Group. R. Scott Mahoney, vice president and general counsel for Iberdrola USA was also appointed secretary of the board. Robert Kump, as chief corporate officer of Iberdrola in the U.S., will head the development of the group's strategy in the U.S. and position the company to take advantage of opportunities for growth and expansion. He will remain in his role as chief executive officer of Iberdrola USA Networks, as well.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2015
UIL Holdings Corporation
Merger/Acquisition
August 5, 2014
Iberdrola USA, Liquefied Natural Gas Storage Facility and Related Assets in Milford
 

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