Iberdrola makes a bid to soothe N.Y. regulators

A Spanish newspaper is reporting that Iberdrola has made a bid to satisfy some of the concerns expressed by New York regulators about the pending merger with Energy East.

Citing unnamed sources, the newspaper said Iberdrola has proposed the following:

*Sell Energy East's non-wind assets.

* Sell regulated assets worth $200 million.

Read a summary of the story here.