Iberdrola wary of the PSC

Iberdrola executives say they may walk away from the proposed $4.5 billion acquisition of Energy East if New York regulators impose burdensome hurdles to the deal.

Iberdrola's CEO says that while he hopes to complete the deal by this year's third quarter, he's wary about conditions the New York Public Service Commission may require to overcome objections voiced by regulators.

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Read previous posts about the acquisition here.