July 21, 2024

UIL Holdings

Divided PURA Approves Utility Takeover
A divided panel of Connecticut regulators on Wednesday gave final approval to Iberdrola USA’s $3 billion takeover of UIL Holdings. The state’s Public Utilit...
Connecticut Regulators Poised to OK Iberdrola Acquisition of UIL
Connecticut regulators released a draft decision approving Iberdrola USA’s $3 billion acquisition of UIL Holdings.
Iberdrola, UIL Would Clean Up Site if Connecticut Acquisition Approved
Iberdrola USA and UIL Holdings have agreed to clean up an abandoned power plant site in New Haven if Connecticut regulators approve their proposed $3 billion merger.
Iberdrola Refiles Acquisition Bid for UIL Holdings
Iberdrola USA refiled its acquisition plan for UIL Holdings with Connecticut regulators, attempting to address objections that scuttled the previous plan.
Iberdrola Profits Rise; Refiling on UIL Acquisition Soon
Iberdrola reported increased revenue in its U.S. and other overseas operations that offset declines in Spain.
Iberdrola Withdraws UIL Acquisition; Plans to Refile
Iberdrola dropped its bid to acquire UIL Holdings but promised to file a new application that would address Connecticut regulators' objections.
Connecticut Regulators Threaten to Reject Iberdrola-UIL Merger
Connecticut regulators said they will reject Iberdrola SA’s acquisition of UIL Holdings without much stronger ratepayer protections and assurances over local control.
Connecticut Officials at Odds over Plant Clean-up, Merger
Connecticut environmental officials are at odds with utility regulators over whether the state should seek cleanup of an abandoned power plant as a condition for Iberdrola’s acquisition of UIL Holdings.
No ‘Death Spiral’ for Utilities – for Now
At the New England Energy Conference and Exposition, experts said distributed generation isn't leading to a “death spiral” for traditional utilities.
Iberdrola Broadens Northeast Footprint in $3B UIL Deal
Iberdrola SA announced it is acquiring UIL Holdings, which has electric and gas distribution companies in Connecticut and Massachusetts, in a cash and stock deal valued at $3 billion.

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