It appears that Public Service Commission staff and representatives of Iberdrola may be engaged in some quiet negotiations to solve the differences that are preventing the regulatory commission from approving the $4.6 billion merger of the two.
An administrative court judge, in a filing with the PSC, indicates that he is delaying further hearings in the case while Ibderdrola and PSC staff negotiate a settlement.
The PSC objects to the terms of the merger because it says there are insufficient protections for the customer.
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