Vote on utility company buyout delayed
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- August
- 27
  The state Public Service Commission will not be voting today on whether to let the Spanish company Iberdrola buy out Energy East, the parent company of Rochester Gas and Electric Co. and New York State Electric and Gas Corp. (which have a total of more than 2 million customers). Two members of the Public Service Commission are not in attendance at the meeting, and the panel hopes to hold the vote a week from today (Sept. 3), says Gannett Albany Bureau Chief Jay Gallagher, who called in from the meeting.
  The commission is likely to require that the company sell some of its electric-generating capacity, incouding the Russell Station in Rochester and several hydroelectric facilities to reduce its “vertical power” (generation plus transmission and distribution capability) in the same region. The firm would have to agree to spend $2 billion on new wind-power facilities.
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on Wednesday, August 27th, 2008 at 10:54 am by Cara Matthews.
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Jay Gallagher has covered Albany for Gannett News Service since 1984 and has been Albany Bureau chief since 1989. He`s a native of the Boston area and likes to point out that in this millennium, the score is Red Sox 1 championship, the Yankees 0. 
Cara Matthews has been a statehouse correspondent in the Albany Bureau since August 2005. Prior to that, she covered Putnam County government and politics at The Journal News for nearly five years. Before that, she worked at newspapers in Connecticut and covered the state Legislature for one of them. 
