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Iberdrola

Iberdrola profits increase 12%

Published on Oct. 26, 2012

 
Read Iberdrola profits increase 12%

In the 3 first quarters of this year, Iberdrola has achieved a 2,401 million Euros net profit, which means a 12% increase over the same period last year. This increase contrasts with the 36% drop of profits in Spain.

This national fall was due to a cutting in networking compensation, a decision passed by the Government in March, but yet to come into force. The cutting does not take into account the effect of the new fiscal measures on the production.

Fortunately for Iberdrola, their turnover in Spain represents only 25% of the group net profit, 616 million Euros. The rest comes from international commerce, which rose 52% in the same 9 months, up to 1,785 million Euros ...

Iberdrola will be present in New York and France

Published on April 11, 2012

 
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Iberdrola will invest a total amount of $2.346 million in the New York State through its two American subsidiaries: New York State Electric and Gas Corporation (NYSEG) and Rochester Gas and Electric Corporation (RG&E).

From the budget announced, 40% will be destined to electricity transportation facilities, 26% to distribution facilities and 24% to the gas business. The total amount of the budget is divided between the two subsidiaries, the New York State Electric and Gas Corporation will invest $1.117 million and Rochester Gas and Electric Corporation $1.169 milllion.

Iberdrola USA approved an investment plan of $416 million for 2012, $334 million in 2013 and $500 million for the following years. Along the period of the plan ...

IBERDROLA finishes the construction of a new wind power station in the USA

Published on March 7, 2012

 
Read IBERDROLA finishes the construction of a new wind power station in the USA

The new wind power station is placed in Blue Crick, a territory shared by the counties of Van Wert and Paulding, in the state of Ohio. The station is one of the biggest in the world and it has a power of 304 megawatts (MW).The station is equipped with technology developed by Gamesa, using 152 wind turbines of the model G90 (each one is 100 meters height and produces 2 MW power)

The Blue Crick wind power station created 20 permanent job positions, to add to the 500 hundred ones created during the construction stage, where 20 companies of the area collaborated.

IBERDROLA has already signed a sales contract of 100 MW produced by the station for the next ...

Iberdrola ends the 2011 term with a new free share purchase offer

Published on Nov. 28, 2011

 
Read Iberdrola ends the 2011 term with a new free share purchase offer

As part of it traditional “Iberdrola Dividendo flexible” program, Iberdrola will finish 2011 offering, as in other previous years, to its shareholder the opportunity to purchase free shares as final payment of the 2011 dividend, at a price of 0,143 € per share to purchase free allocation rights . The number of right submitted by Iberdrola will be calculated, based on the number of outstanding shares and the weighted average price of the group’s shares between 22 and 29 December. The purchased share will be charged with no extra cost and no withholding taxes.

This scheme of retribution establishes two other alternatives for the shareholders who do not wise to purchase new shares;

  • They have de option to sale their ...

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