History
In 2007 the Spanish energy company Iberdrola agreed to purchase Energy East. The deal closed on September 17, 2008, valuing each Energy East share at $28.50. This represented a premium of 20.2% over the average share price for the 30 days prior to the offer announcement. On December 7, 2009, Iberdrola announced it was renaming the company as Iberdrola USA.
In 2012, Iberdrola USA sold its energy services companies, Energetix and NYSEG Solutions, to Direct Energy.
Read more about this topic: Iberdrola USA
Famous quotes containing the word history:
“There is nothing truer than myth: history, in its attempt to “realize” myth, distorts it, stops halfway; when history claims to have “succeeded” this is nothing but humbug and mystification. Everything we dream is “realizable.” Reality does not have to be: it is simply what it is.”
—Eugène Ionesco (b. 1912)
“There is no history of how bad became better.”
—Henry David Thoreau (1817–1862)
“All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!”
—Camille Paglia (b. 1947)