Iberdrola to buy Scottish Power in $22.5 bln deal
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MADRID/LONDON  - Spain's Iberdrola  is to buy Scottish Power  for an agreed 11.6 billion pounds ($22.5 billion) in cash and shares, it announced on Tuesday, to create Europe's third-biggest utility and a world leader in renewable energy.
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Iberdrola SA, Spain s second-largest power company, said third-quarter profit rose 13 percent as it got more power from Spanish wind farms and a new plant in Mexico.
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LONDON National Grid Transco, the owner of Britain&#39;s power and natural gas grids, said on Tuesday that it would sell half of its gas-distribution networks for Â£5.
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ScottishPower announces rises in its gas and electricity prices from next month.
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Spanish wind farm manufacturer Gamesa said it had signed an agreement worth more than 2.3 billion euros (2.9 billion dollars) to sell wind farms to electricity producer Iberdrola.
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Iberdrola SA, Spain's second-largest electricity company, said Wednesday it will pay nearly ?85 million (US$113 million) for a 49.9 percent stake in Greece's largest wind power generator, Rokas.
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An investment group is expected to announce Monday that it has struck a deal to buy British water utility AWG PLC  for about $4.12 billion (2.2 billion pounds, a source familiar with the situation told Reuters on Sunday.
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Don't flick that switch UK energy supplier Scottish &amp; Southern Electric (SSE) is to offer credits to customers who cut their energy use or install low-energy appliances. It also wants to cut the carbon footprint of the power it generates by 20 per cent over the next nine years.â¦
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Spanish toll road group Abertis agreed to buy British airports operator TBI for GBPÂ£551.3 million (USD$1 billion) in cash on Wednesday, giving it ownership of a key London airport.
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Exelon, which owns utility companies in Illinois and Pennsylvania, has said that it will buy Public Service Enterprise Group of New Jersey in a deal valued at about $12.8 billion that would create the largest power company in the United States.
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LONDON (Dow Jones)--UK power and gas system operator National Grid Transco PLC (NGT.LN) Tuesday said it will return GBP2 billion, or 65 pence a share, to its shareholders after selling four
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EuroZinc Mining Corp. has acquired for $22 million US the price participation rights granted to Rio Tinto on copper sales from the Neves-Corvo mine in Portugal.
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In a deal that would create the nation's biggest power company, the Exelon Corporation said it would buy the Public Service Enterprise Group of New Jersey.
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Spanish builder ACS confirmed Tuesday it had held talks with French power giant EDF over their joint interest in Iberdrola, Spain's second-biggest energy utility, but said no agreement had been reached.
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Ventilata controffensiva su Scottish Power fa volare titolo
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British group Scottish Power accepted a takeover bid worth 11.6 billion pounds (17.15 billion euros, 22.55 billion dollars) from Spain's second-biggest power company Iberdrola, a move that is set to create Europe's third biggest utility group.
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Dynegy Inc. (DYN.N: Quote, Profile, Research) on Tuesday said it would buy a package of power plants from Exelon Corp. (EXC.N: Quote, Profile, Research) in New York