This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Iberdrola USA Subsidiaries Recognized For Outstanding Sandy Recovery Efforts

ROCHESTER, N.Y., Jan. 10, 2013 /PRNewswire/ -- Iberdrola USA subsidiaries Central Maine Power (CMP), NYSEG and RG&E each have won both the Edison Electric Institute 2012 Emergency Recovery Award and the Emergency Assistance Award for their restoration and support efforts in the aftermath of Hurricane Sandy. The annual awards, which have been presented to EEI member electric utility companies since 1998, were issued yesterday at the EEI CEO meeting in Phoenix, Arizona.

Bob Kump, CEO of Iberdrola USA accepted the awards on behalf of the three operating companies. "These awards are a testament to the hard work and commitment of all of our employees who rapidly restored power to our customers and then moved on to help other utilities recover from Hurricane Sandy - one of the largest and most destructive storms in history," said Kump. "We are proud of our post-Sandy recovery efforts and grateful that we were in a position to assist other utilities who needed our help. We certainly appreciate this recognition from our peers at the Edison Electric Institute."

The three utilities amassed more than 6,000 people to handle a cumulative total of nearly 500,000 electric service interruptions spread across Maine and New York. Once their own customers had been restored, the companies released nearly 1,800 line, bucket, pole-setting, digger, tree, gas and supervisory employees and contract workers to assist National Grid (LIPA), Consolidated Edison, Connecticut Light & Power and FirstEnergy utilities. NYSEG also supplied poles, transformers and natural gas regulators to ConEd for their restoration efforts in New York City.

"Getting the lights back on quickly and safely is never easy following these natural disasters," said EEI President Tom Kuhn. "It takes strong commitment, advanced planning, and great execution.  Working through the industry's mutual assistance program, Iberdrola USA's crews also were essential in helping their fellow utility companies restore service in affected neighborhoods. They're a great example for the nation's electric power industry. I congratulate them."

About Iberdrola USA: Iberdrola USA, a subsidiary of global energy leader Iberdrola, S.A., is an energy services and delivery company serving about 2.7 million customers throughout upstate New York and New England. For more information about Iberdrola USA, visit www.iberdrolausa.com.

Follow us on Twitter: @IberdrolaUSA .

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs