Who Is Iberdrola?

Iberdrola Watch is created by New Englanders following the wind development activities of Iberdrola.         http://iberdrolawatch.org/

 Iberdrola owns the Hoosac wind project in Flordia and Monroe. Will they be a good neighbor?

                             IBERDROLA'S SAFETY RECORD IN QUESTION
                              http://eastcountymagazine.org/node/11013

Iberdrola is busy in New Hampshire

New Hampshire Wind Watch is a not-for-profit organization in the Newfound Lake Region of New Hampshire dedicated to providing education and information about Industrial  Wind Power Projects in New Hampshire.

                                     www.nhwindwatch.org.

From Our Electric Bills to Iberdrola's Pocket

                             From the developer's website:

Local Economic Benefits: Approximately $257,000 in annual PILOT payments are made to the host towns ($135,000 to Florida, $122,000 to Monroe), escalating with inflation — approximately $6.8 million over the life of the PILOT agreement.    

              http://www.iberdrolarenewables.us/cs_hoosac.html“

The Renewable Energy Credits for Hoosac Wind will add up to about $3,745,000.00 a year, given the current rate of $60.00 a REC. That comes out of our electric bills. And there are federal subsidies as well. This project will add one one
thousandth (0.1%) of our current electric use. Is is worth it?(Friends of Florida and Monroe)

Moody's confirms Iberdrola's Baa1 ratings; outlook
negative

Global Credit Research - 05 Nov 2012

 London, 05 November 2012 -- Moody's Investors
Service has today confirmed the Baa1 senior unsecured ratings of Iberdrola S.A.
("Iberdrola" or "the company") and its guaranteed subsidiaries. Concurrently, Moody's has also confirmed the Baa1 senior unsecured ratings of Scottish Power Ltd, which is 100% owned by Iberdrola, and its subsidiaries. In addition, Moody's has confirmed the Prime-2 ratings of the affected entities. The outlook on all ratings is negative. This concludes the review for downgrade of the ratings initiated by Moody's on 15 June 2012.

Iberdrola, based in MadridSpain, is one of Europe's largest utility companies, with extensive operations in Spain, the UK, via its Glasgow-based subsidiary Scottish Power, and the US via Iberdrola USA.
It also has significant renewable businesses through Iberdrola Renovables and
operations in Brazil via its 39% holding in Neoenergia and its 100% holding in Elektro. As of FYE 2011, Iberdrola's consolidated revenues were EUR31.6 billion.

http://www.moodys.com/research/Moodys-confirms-Iberdrolas-Baa1-ratings-outlook-negative--PR_2590

Spanish energy company Iberdrola continues wind projects in Vermont despite market contraction

by Andrew Stein | December 11, 2012

The Spanish energy conglomerate Iberdrola SA announced last month that it is

planning to scale back renewable energy investments in the United States.

The decision comes after Moody’s downgrade of Iberdrola’s credit rating to Baa1 with a negative outlook. The European debt crisis has also had an impact on the company’s
ability to expand.

 http://vtdigger.org/2012/12/11/spanish-energy-company-iberdrola-continues-wind-projects-in-vermont-despite-market-contraction/

Masschusetts Financial Meltdowns