August 02, 2014 3:55 AM ET

Multi-Utilities

Company Overview of Iberdrola USA, Inc.

Company Overview

Iberdrola USA, Inc. operates as an energy services and delivery company in New York, Maine, Connecticut, and New Hampshire. It provides electricity and natural gas to approximately three million customers. The company was formerly known as Energy East Corporation and changed its name to Iberdrola USA, Inc. in December 2009. The company was founded in 1852 and is based in New Gloucester, Maine. Iberdrola USA, Inc. is a subsidiary of Iberdrola, S.A.

52 Farm View Drive

New Gloucester, ME 04260

United States

Founded in 1852

Phone:

207-688-6300

Key Executives for Iberdrola USA, Inc.

Chairman and Chief Executive Officer
Age: 64
Vice President of Finance
Vice President of Operations
Chief Corporate Officer
Age: 52
Chairman of Berkshire Gas Company
Age: 63
Compensation as of Fiscal Year 2014.

Iberdrola USA, Inc. Key Developments

Iberdrola USA Announces Executive Changes

Iberdrola USA, a subsidiary of Iberdrola, S.A., has appointed a new eight-member board of directors that will be led by Chairman Ignacio Galan of Iberdrola. Robert Kump, chief executive officer for Iberdrola USA Networks and a member of the Iberdrola USA board, has also been appointed chief corporate officer for Iberdrola in the U.S. The board includes four independent members: John Elias Baldacci, previously governor of the State of Maine and member of the U.S. House of Representatives; Jose W. Fernandez, U.S. assistant secretary of state for economic, energy, and business affairs from 2009 - 2013; Alan D. Solomont, U.S. ambassador to Spain and Andorra from 2009 - 2013 and Alfredo Elias Ayub, for more than a decade director general of the Comision Federal de Electricidad. Other new members of the board include Jose Sainz Armada, chief financial officer for Iberdrola Group and Pedro Azagra Blazquez, chief development officer for Iberdrola Group. R. Scott Mahoney, vice president and general counsel for Iberdrola USA was also appointed secretary of the board. Robert Kump, as chief corporate officer of Iberdrola in the U.S., will head the development of the group's strategy in the U.S. and position the company to take advantage of opportunities for growth and expansion. He will remain in his role as chief executive officer of Iberdrola USA Networks, as well.

Iberdrola USA, Inc. Announces Group Earnings Results for the Full Year 2012; Declares Dividend

Iberdrola USA, Inc. announced group earnings results for the full year 2012. For the year, the company’s 2012 group revenues rose 8.1% to EUR 34.2 billion, while gross margin increased 4.6% to EUR 12.6 billion and operating cash flow rose 2.5% to EUR 6.2 billion. EBITDA increased 1% to EUR 7.73 billion. Net earnings rose 1.3% to EUR 2.84 billion, driven by 35% earnings growth in international business. The board of directors declared a before tax dividend of approximately EUR 0.3 per share.

Iberdrola USA, Inc., Annual General Meeting, Mar 22, 2013

Iberdrola USA, Inc., Annual General Meeting, Mar 22, 2013.

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