Iberdrola
Encyclopedia
Iberdrola (Ticker Bolsa de Madrid
: IBE), headquartered in Bilbao
, is a private utility with a global footprint and over 150 years of experience. It has a workforce of around 33,000 employees in over 40 countries on four continents serving around 30 million customers.
Since embarking on its growth and international expansion plan in 2001, Iberdrola has become Spain’s largest energy group by market capitalisation, the global leader in wind energy and one of the world’s largest utilities by market capitalisation.
Thanks to major corporate transactions entered into in recent years –particularly the integration of Scottish Power
(Scotland) and the acquisition of Energy East
(USA)- and its operations in Mexico
and Brazil
, where it recently acquired distribution company Elektro, the group focuses its business around the Atlantic region, where it plans to continue growing.
• Hidroeléctrica Española (also known as Hidrola) was founded in 1907.
• Iberduero was established in 1944 following the merger between Hidroeléctrica Ibérica (founded in 1901) and Saltos del Duero. Horacio Echevarrieta, a businessman from Bilbao, played a major part in the deal.
Iberdrola’s roots lie in Spain's industrialisation in the early 20th century, when Hidroeléctrica Ibérica was formed. But with the integration of Scottish Power
and Energy East
, and the company’s transformation into a major multinational group, this heritage has widened and now extends back into the 19th century on the other side of the Atlantic.
In 1840, a group of US entrepreneurs created the Hartford City Light Company, setting in motion the incorporation on the eastern seaboard of the US of Energy East, which would later become Iberdrola USA. Meanwhile, thousands of kilometres away in Spain
, a similar process was underway. In 1901 in Bilbao
, a group of entrepreneurs headed by engineer Juan de Urrutia established Hidroeléctrica Ibérica. In 1907, Hidroeléctrica Ibérica shareholders created Hidroeléctrica Española to supply Madrid
and Valencia
. A decade later, Saltos del Duero was founded, opening the country’s first hydroelectric facility in 1935,the Ricobayo power plant.
World War I forced the industry to seek new sources of energy and to install large distribution networks. Amid huge instability, US power companies began to join forces, attempting to become strong enough to withstand the economic and financial uncertainty. However, no one foresaw the magnitude of the stock market crash of 1929, which brought these emerging groups to the verge of ruin. In Spain, which had experienced a period of economic growth at the start of the 20th century, the industry suffered a severe setback in 1936 whose impact would be felt for the following two decades:the Civil War abruptly halted development, destroyed facilities and made maintaining the little equipment that remained extremely difficult.
Spain suffered international isolation in the 1940s and experienced extreme difficulty in acquiring technology and materials, prices of which were soaring. It was against this backdrop that Hidroeléctrica Ibérica and Saltos del Duero joined forces to form Iberduero.
In 1955, the Scotland Electricity Board came into being, paving the way for the creation of Scottish Power four decades later, in 1990. Two years after that, Hidroeléctrica Española and Iberduero[4] teamed up, creating Iberdrola. In the latter part of the 20th century, Iberdrola began expanding into Latin America, mainly Mexico and Brazil.
With ScottishPower and Iberdrola formed in Europe, in 1998 Energy East Corporation came into being in the US following New York State Electric & Gas's acquisition of Central Maine Power, Southern Connecticut Gas Company, Connecticut Natural Gas Company, Berkshire Gas Company and RGS Energy Group (the parent of Rochester Gas & Electric).
Following the arrival of Jose Ignacio Sanchez Galan
in 2001 Iberdrola began focusing on renewable energy
. In 2007, the company continued its international expansion, increasing its presence in the UK and the US via the integration of Scottish Power and Energy East.
Iberdrola has faced several merger attempts and made additional acquisitions:
• Attempted merger between Iberdrola and Repsol in 1997, which failed due to a lack of agreement between the companies.
• Attempted merger between Iberdrola and Repsol in 1999, which was rejected by La Caixa (Repsol’s main shareholder).
• Attempted merger between Iberdrola and Endesa in 2000, which was stopped due the conditions imposed by Spanish Prime Minister José María Aznar
.
• Attempted hostile takeover bid by Gas Natural for Iberdrola in 2003, which was vetoed by Spain’s National Energy Commission (Comisión Nacional de Energía, CNE).
• Acquisition of Scottish Power
by Iberdrola in November 2006, which led to the integration of this company in April 2007. This gave rise to Europe’s third largest utility.
• Acquisition of US company Energy East by Iberdrola in 2008.
• Acquisition of Brazilian company Elektro in 2011.
• José Luis de Oriol y Urigüen (1907-1941)
• José María de Oriol y Urquijo (1941-1960)
• Iñigo de Oriol Ybarra (1960-1992)
Iberduero chairmen
• Pedro de Careaga and Baseabe, Conde de Cadagua (?-1977)
• Pedro de Areitio (1977-1981)
• Manuel Gómez de Pablos (?-1992)
Iberdrola chairmen
• Iñigo de Oriol Ybarra (1992-2005)
• Jose Ignacio Sanchez Galan
(2005 to present)
Iberdrola’s liberalised business combines power generation, and gas and electricity supply.The company had assets with combined installed capacity of 44,991 MW at the end of 2010. Iberdrola manages its production assets, comprising hydroelectric, combined-cycle gas, nuclear and co-generation plants located in 40 countries, mainly in Europe
, North America
and Latin America
.
Output in Spain
increased by 10.4% in 2010 to 60,852 GWh, of which 19,965 GWh were produced at hydroelectric plants, more than double the level of 2009. As a result, 79% of Iberdrola’s production in Spain was CO2 emission free.
• Regulated business
Iberdrola Distribución Eléctrica, a subsidiary of Iberdrola in Spain, provides service to nearly 17 million people in 32 provinces across Spain. At the end of 2010, it had 10.6 million electricity supply points spread out across Spain, 1% more than the year before. Through these, it distributed more than 102,000 million kWh of power, an increase of 2.6% from 2009. The company’s market share of distributed electricity stood at close to 39.6% of the total for mainland Spain.
• Renewable energy business
At the end of 2010, Iberdrola had operating installed capacity above 12,530 MW -51% outside Spain- producing a total of 25,400 million kWh of power in the year. The company plans to install 3,500 MW of additional capacity between 2011 and 2014. Its project pipeline at the end of 2010 comprised 62,613 MW at various stages of development in Spain and abroad.
• Latin America
At the end of 2010, Iberdrola had 5,565 MW of installed capacity in Latin America. It produced over 37,800 GWh in the year and distributed some 33,400 GW to approximately 9.1 million users. This region accounted for 12.8% of group EBITDA in 2010.
• ScottishPower
The UK’s 4th largest energy provider, ScottishPower has over five million customers across the country and 8,500 employees. It has generation assets in hydro, coal, combined cycle gas and cogeneration, as well as a distribution network covering 65,000 km of underground cables and 47,000 km of overhead lines. ScottishPower is involved in smart grid projects in Glasgow
and Liverpool
, and provides charging points as a member of the Glasgow
consortium which is developing an electric vehicles project. At 31 December 2010, ScottishPower’s installed capacity in the UK (excluding ScottishPower Renewables) came to 6,036 MW. Production rose 8.3% in 2010 to 26,530 GWh. ScottishPower had 3.2 million electricity customers and 2.0 million gas customers at 31 December 2010. The volume of energy distributed during 2010 totalled 36,452 GWh, a decrease of 0.1% year-on-year.
• NuGeneration
Iberdrola holds a 50% stake in NuGeneration
(NuGen), a company planning to build a new nuclear power station of up to 3.6GW capacity at Sellafield
in the United Kingdom
. The other 50% of NuGen is held by GDF Suez
.
• Iberdrola USA
Iberdrola USA, which became part of the group in September 2008, distributes electricity and gas to 2.5 million customers in the states of Maine and New York
. With a staff of approximately 4,000 workers, it has offices located in its principal distribution centres in the two states. In New York, the business is shared by two operating subsidiaries -New York Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E)- both headquartered in Rochester. In Maine
, Central Maine Power (CMP) has headquarters in Augusta
. NYSEG serves 878,000 electricity customers and 261,000 natural gas customers across more than 40% of upstate New York, whereas RG&E serves 367,000 electricity customers and 303,000 natural gas customers in nine counties around the city of Rochester
. CMP is the largest energy supplier in Maine
, serving over 600,000 customers.
Iberdrola USA promotes important infrastructure projects in both Maine
and New York
. In Maine
, CMP began construction in September 2010 of the Maine Power Reliability Program (MPRP), a $1.4 billion upgrade of the state’s transmission network which will also improve grid connections to Canada. It also began the roll-out of a smart meter installation plan for 625,000 customers in Maine
. In New York
, important infrastructure projects have been undertaken at Ithaca and Corning Valley.
• Iberdrola Ingeniería
With projects in more than 40 countries and subsidiaries and branch offices in 27 countries throughout Europe, Asia, Africa and North and South America, Iberdrola Ingeniería and Construcción’s services include engineering, supply, construction and commissioning, turnkey projects and operational support. In 2010, the company’s portfolio of projects surpassed €2 billion.84% of this project portfolio is abroad, mainly in the US, UK, Latin America, Middle East, Russia and Eastern European countries.
• Iberdrola Inmobiliaria
Iberdrola Inmobiliaria offers a range a real estate products, with a focus on residential property, holiday homes, offices, factory premises and shopping centres. In 2010, Iberdrola Inmobiliaria carried out the Koral Beach Elite (Bulgaria) and the Laguna del Mar (Puerto Peñasco, Mexico) projects. The Torre de Occidente is expected to be completed in Lisbon in 2011.
Construction is still underway on the 848 MW La Muela II plant (at Cortes de Pallás, Valencia), scheduled to come on stream in 2012, and on the 175 MW San Esteban II plan, on the Sil river. The San Pedro II project (23 MW) has obtained a favourable Environmental Impact Statement (EIS). The Santa Cristina plant is in the public information stage.
See also: Saltos del Duero
Combined cycle plants
• C. T. de Castejón 2, in Castejón (Navarre), with 386 MW.
• C. T. de Castellón, in Castellón, with two units with a combined 1,650 MW.
• C. T. de Santurce, in Santurce (Vizcaya), with 402 MW.
• C. T. Tarragona Power, in Tarragona, with 424 MW.
• C. T. de Arcos de la Frontera, in Arcos de la Frontera (Cádiz), with two groups with a combined 1,613 MW.
• C. T. Bahía de Bizkaia, in Ciérvana (Vizcaya), which is operated jointly with three other operatoes (EVE, Repsol YPF and BP with 25% each), of 780 MW.
• C. T. de Aceca, in Villaseca de la Sagra (Toledo), of 391 MW.
• C. T. de Escombreras, in Cartagena (Murcia), with 831 MW.
Nuclear plants
Iberdrola operates the following nuclear plants individually or jointly with other companies:11
• Santa María de Garoña
• Almaraz
• Cofrentes
• Vandellós II
• Ascó II
Thermal plants
Iberdrola also owns three conventional thermal plants, mostly coal-fired, although they can also use fuel-oil and gas-oil). These are:
• C. T. de Velilla, in Velilla del Río Carrión (Palencia), with two units, one of 148 MW and one of 350 MW, in operation since 1964 and 1984, respectively.
• C. T. de Lada, in Langreo (Asturias), which had as many as four units, but now only has one of 155 MW and one of 350 MW, put into operation in 1967 and 1981, respectively.
• C. T. de Pasajes, in Guipúzcoa.
Headquartered in Valencia (Paseo de la Alamdea), the Iberdrola Renovables, S.A. subsidiary had been listed on the stock exchange until July 2011, when Iberdrola decided to integrate it into the parent company.12 At the end of 2010, Iberdrola had operating installed capacity above 12,530 MW -51% outside Spain- producing a total of 25,400 million kWh of power in the year. The company plans to install 3,500 MW of additional capacity between 2011 and 2014. Its project pipeline at the end of 2010 comprised 62,613 MW at various stages of development in Spain and abroad.
Bolsa de Madrid
Bolsa de Madrid is the largest and most international of Spain's four regional stock exchanges that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt...
: IBE), headquartered in Bilbao
Bilbao
Bilbao ) is a Spanish municipality, capital of the province of Biscay, in the autonomous community of the Basque Country. With a population of 353,187 , it is the largest city of its autonomous community and the tenth largest in Spain...
, is a private utility with a global footprint and over 150 years of experience. It has a workforce of around 33,000 employees in over 40 countries on four continents serving around 30 million customers.
Since embarking on its growth and international expansion plan in 2001, Iberdrola has become Spain’s largest energy group by market capitalisation, the global leader in wind energy and one of the world’s largest utilities by market capitalisation.
Thanks to major corporate transactions entered into in recent years –particularly the integration of Scottish Power
Scottish Power
ScottishPower Ltd. is a vertically integrated energy company with its headquarters in Glasgow, Scotland. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but in 2006 it became a subsidiary of the Spanish utility Iberdrola...
(Scotland) and the acquisition of Energy East
Energy East
Iberdrola USA is a Fortune 500 company that serves 2.9 million public utility customers with energy, primarily electricity and natural gas.-History:...
(USA)- and its operations in Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
and Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
, where it recently acquired distribution company Elektro, the group focuses its business around the Atlantic region, where it plans to continue growing.
History
On 1 November 1992, Hidroeléctrica Española and Iberduero4 merged, taking the name of Iberdrola.• Hidroeléctrica Española (also known as Hidrola) was founded in 1907.
• Iberduero was established in 1944 following the merger between Hidroeléctrica Ibérica (founded in 1901) and Saltos del Duero. Horacio Echevarrieta, a businessman from Bilbao, played a major part in the deal.
Iberdrola’s roots lie in Spain's industrialisation in the early 20th century, when Hidroeléctrica Ibérica was formed. But with the integration of Scottish Power
Scottish Power
ScottishPower Ltd. is a vertically integrated energy company with its headquarters in Glasgow, Scotland. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but in 2006 it became a subsidiary of the Spanish utility Iberdrola...
and Energy East
Energy East
Iberdrola USA is a Fortune 500 company that serves 2.9 million public utility customers with energy, primarily electricity and natural gas.-History:...
, and the company’s transformation into a major multinational group, this heritage has widened and now extends back into the 19th century on the other side of the Atlantic.
In 1840, a group of US entrepreneurs created the Hartford City Light Company, setting in motion the incorporation on the eastern seaboard of the US of Energy East, which would later become Iberdrola USA. Meanwhile, thousands of kilometres away in Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
, a similar process was underway. In 1901 in Bilbao
Bilbao
Bilbao ) is a Spanish municipality, capital of the province of Biscay, in the autonomous community of the Basque Country. With a population of 353,187 , it is the largest city of its autonomous community and the tenth largest in Spain...
, a group of entrepreneurs headed by engineer Juan de Urrutia established Hidroeléctrica Ibérica. In 1907, Hidroeléctrica Ibérica shareholders created Hidroeléctrica Española to supply Madrid
Madrid
Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...
and Valencia
Valencia
-In Spain:* Valencia , Spain, capital of the Valencia Autonomous Community* Valencian Community, an autonomous community of Spain**Valencian people, an ethnic group or nationality whose homeland is the Valencian Community...
. A decade later, Saltos del Duero was founded, opening the country’s first hydroelectric facility in 1935,the Ricobayo power plant.
World War I forced the industry to seek new sources of energy and to install large distribution networks. Amid huge instability, US power companies began to join forces, attempting to become strong enough to withstand the economic and financial uncertainty. However, no one foresaw the magnitude of the stock market crash of 1929, which brought these emerging groups to the verge of ruin. In Spain, which had experienced a period of economic growth at the start of the 20th century, the industry suffered a severe setback in 1936 whose impact would be felt for the following two decades:the Civil War abruptly halted development, destroyed facilities and made maintaining the little equipment that remained extremely difficult.
Spain suffered international isolation in the 1940s and experienced extreme difficulty in acquiring technology and materials, prices of which were soaring. It was against this backdrop that Hidroeléctrica Ibérica and Saltos del Duero joined forces to form Iberduero.
In 1955, the Scotland Electricity Board came into being, paving the way for the creation of Scottish Power four decades later, in 1990. Two years after that, Hidroeléctrica Española and Iberduero[4] teamed up, creating Iberdrola. In the latter part of the 20th century, Iberdrola began expanding into Latin America, mainly Mexico and Brazil.
With ScottishPower and Iberdrola formed in Europe, in 1998 Energy East Corporation came into being in the US following New York State Electric & Gas's acquisition of Central Maine Power, Southern Connecticut Gas Company, Connecticut Natural Gas Company, Berkshire Gas Company and RGS Energy Group (the parent of Rochester Gas & Electric).
Following the arrival of Jose Ignacio Sanchez Galan
Jose Ignacio Sanchez Galan
José Ignacio Sánchez Galán is a Spanish businessman. He is currently Chairman and Chief Executive Officer of Iberdrola, a multinational group with a presence in 40 countries comprising major companies including ScottishPower in the UK and Elektro in Brazil.- Biography :Born in Salamanca, Spain in...
in 2001 Iberdrola began focusing on renewable energy
Renewable energy
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
. In 2007, the company continued its international expansion, increasing its presence in the UK and the US via the integration of Scottish Power and Energy East.
Iberdrola has faced several merger attempts and made additional acquisitions:
• Attempted merger between Iberdrola and Repsol in 1997, which failed due to a lack of agreement between the companies.
• Attempted merger between Iberdrola and Repsol in 1999, which was rejected by La Caixa (Repsol’s main shareholder).
• Attempted merger between Iberdrola and Endesa in 2000, which was stopped due the conditions imposed by Spanish Prime Minister José María Aznar
José María Aznar
José María Alfredo Aznar López served as the Prime Minister of Spain from 1996 to 2004. He is on the board of directors of News Corporation.-Early life:...
.
• Attempted hostile takeover bid by Gas Natural for Iberdrola in 2003, which was vetoed by Spain’s National Energy Commission (Comisión Nacional de Energía, CNE).
• Acquisition of Scottish Power
Scottish Power
ScottishPower Ltd. is a vertically integrated energy company with its headquarters in Glasgow, Scotland. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but in 2006 it became a subsidiary of the Spanish utility Iberdrola...
by Iberdrola in November 2006, which led to the integration of this company in April 2007. This gave rise to Europe’s third largest utility.
• Acquisition of US company Energy East by Iberdrola in 2008.
• Acquisition of Brazilian company Elektro in 2011.
Company Chairmen
Hidrola chairmen• José Luis de Oriol y Urigüen (1907-1941)
• José María de Oriol y Urquijo (1941-1960)
• Iñigo de Oriol Ybarra (1960-1992)
Iberduero chairmen
• Pedro de Careaga and Baseabe, Conde de Cadagua (?-1977)
• Pedro de Areitio (1977-1981)
• Manuel Gómez de Pablos (?-1992)
Iberdrola chairmen
• Iñigo de Oriol Ybarra (1992-2005)
• Jose Ignacio Sanchez Galan
Jose Ignacio Sanchez Galan
José Ignacio Sánchez Galán is a Spanish businessman. He is currently Chairman and Chief Executive Officer of Iberdrola, a multinational group with a presence in 40 countries comprising major companies including ScottishPower in the UK and Elektro in Brazil.- Biography :Born in Salamanca, Spain in...
(2005 to present)
Lines of business
• Deregulated businessIberdrola’s liberalised business combines power generation, and gas and electricity supply.The company had assets with combined installed capacity of 44,991 MW at the end of 2010. Iberdrola manages its production assets, comprising hydroelectric, combined-cycle gas, nuclear and co-generation plants located in 40 countries, mainly in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
and Latin America
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
.
Output in Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
increased by 10.4% in 2010 to 60,852 GWh, of which 19,965 GWh were produced at hydroelectric plants, more than double the level of 2009. As a result, 79% of Iberdrola’s production in Spain was CO2 emission free.
• Regulated business
Iberdrola Distribución Eléctrica, a subsidiary of Iberdrola in Spain, provides service to nearly 17 million people in 32 provinces across Spain. At the end of 2010, it had 10.6 million electricity supply points spread out across Spain, 1% more than the year before. Through these, it distributed more than 102,000 million kWh of power, an increase of 2.6% from 2009. The company’s market share of distributed electricity stood at close to 39.6% of the total for mainland Spain.
• Renewable energy business
At the end of 2010, Iberdrola had operating installed capacity above 12,530 MW -51% outside Spain- producing a total of 25,400 million kWh of power in the year. The company plans to install 3,500 MW of additional capacity between 2011 and 2014. Its project pipeline at the end of 2010 comprised 62,613 MW at various stages of development in Spain and abroad.
• Latin America
At the end of 2010, Iberdrola had 5,565 MW of installed capacity in Latin America. It produced over 37,800 GWh in the year and distributed some 33,400 GW to approximately 9.1 million users. This region accounted for 12.8% of group EBITDA in 2010.
• ScottishPower
The UK’s 4th largest energy provider, ScottishPower has over five million customers across the country and 8,500 employees. It has generation assets in hydro, coal, combined cycle gas and cogeneration, as well as a distribution network covering 65,000 km of underground cables and 47,000 km of overhead lines. ScottishPower is involved in smart grid projects in Glasgow
Glasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
and Liverpool
Liverpool
Liverpool is a city and metropolitan borough of Merseyside, England, along the eastern side of the Mersey Estuary. It was founded as a borough in 1207 and was granted city status in 1880...
, and provides charging points as a member of the Glasgow
Glasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
consortium which is developing an electric vehicles project. At 31 December 2010, ScottishPower’s installed capacity in the UK (excluding ScottishPower Renewables) came to 6,036 MW. Production rose 8.3% in 2010 to 26,530 GWh. ScottishPower had 3.2 million electricity customers and 2.0 million gas customers at 31 December 2010. The volume of energy distributed during 2010 totalled 36,452 GWh, a decrease of 0.1% year-on-year.
• NuGeneration
Iberdrola holds a 50% stake in NuGeneration
NuGeneration
NuGeneration is a company with plans to build a new nuclear power station on the Sellafield site in the United Kingdom.NuGen was establised in February 2009 as a joint venture between GDF Suez, Iberdrola and Scottish and Southern Energy...
(NuGen), a company planning to build a new nuclear power station of up to 3.6GW capacity at Sellafield
Sellafield
Sellafield is a nuclear reprocessing site, close to the village of Seascale on the coast of the Irish Sea in Cumbria, England. The site is served by Sellafield railway station. Sellafield is an off-shoot from the original nuclear reactor site at Windscale which is currently undergoing...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. The other 50% of NuGen is held by GDF Suez
GDF Suez
GDF Suez S.A. is a French multinational energy company which operates in the fields of electricity generation and distribution, natural gas and renewable energy. The world's largest utility after taking control of Britain's International Power, the company was initially formed by the merger of Gaz...
.
• Iberdrola USA
Iberdrola USA, which became part of the group in September 2008, distributes electricity and gas to 2.5 million customers in the states of Maine and New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
. With a staff of approximately 4,000 workers, it has offices located in its principal distribution centres in the two states. In New York, the business is shared by two operating subsidiaries -New York Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E)- both headquartered in Rochester. In Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
, Central Maine Power (CMP) has headquarters in Augusta
Augusta
Augusta, a feminine form of the name of the Roman Emperor Augustus, is also part of the original Latin names of many ancient places named after him, as well as their modern descendants and later places given that name in honor of him or some other notable of his name.Augusta can mean:-In...
. NYSEG serves 878,000 electricity customers and 261,000 natural gas customers across more than 40% of upstate New York, whereas RG&E serves 367,000 electricity customers and 303,000 natural gas customers in nine counties around the city of Rochester
Rochester
- United Kingdom :* Rochester, Kent* Rochester Castle, a medieval building in Rochester, Kent* Rochester , a Young Offenders Institution in Rochester, Kent* Rochester, Northumberland- United States :* Rochester, Illinois* Rochester, Indiana...
. CMP is the largest energy supplier in Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
, serving over 600,000 customers.
Iberdrola USA promotes important infrastructure projects in both Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
and New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
. In Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
, CMP began construction in September 2010 of the Maine Power Reliability Program (MPRP), a $1.4 billion upgrade of the state’s transmission network which will also improve grid connections to Canada. It also began the roll-out of a smart meter installation plan for 625,000 customers in Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
. In New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, important infrastructure projects have been undertaken at Ithaca and Corning Valley.
• Iberdrola Ingeniería
With projects in more than 40 countries and subsidiaries and branch offices in 27 countries throughout Europe, Asia, Africa and North and South America, Iberdrola Ingeniería and Construcción’s services include engineering, supply, construction and commissioning, turnkey projects and operational support. In 2010, the company’s portfolio of projects surpassed €2 billion.84% of this project portfolio is abroad, mainly in the US, UK, Latin America, Middle East, Russia and Eastern European countries.
• Iberdrola Inmobiliaria
Iberdrola Inmobiliaria offers a range a real estate products, with a focus on residential property, holiday homes, offices, factory premises and shopping centres. In 2010, Iberdrola Inmobiliaria carried out the Koral Beach Elite (Bulgaria) and the Laguna del Mar (Puerto Peñasco, Mexico) projects. The Torre de Occidente is expected to be completed in Lisbon in 2011.
Assets in Spain
Iberdrola also owns hydroelectric plants, especially in the Duero river basin (provided by Iberduero) and the Tajo and Segura river basins, etc. (provided by Hidroeléctrica Española).Construction is still underway on the 848 MW La Muela II plant (at Cortes de Pallás, Valencia), scheduled to come on stream in 2012, and on the 175 MW San Esteban II plan, on the Sil river. The San Pedro II project (23 MW) has obtained a favourable Environmental Impact Statement (EIS). The Santa Cristina plant is in the public information stage.
See also: Saltos del Duero
Combined cycle plants
• C. T. de Castejón 2, in Castejón (Navarre), with 386 MW.
• C. T. de Castellón, in Castellón, with two units with a combined 1,650 MW.
• C. T. de Santurce, in Santurce (Vizcaya), with 402 MW.
• C. T. Tarragona Power, in Tarragona, with 424 MW.
• C. T. de Arcos de la Frontera, in Arcos de la Frontera (Cádiz), with two groups with a combined 1,613 MW.
• C. T. Bahía de Bizkaia, in Ciérvana (Vizcaya), which is operated jointly with three other operatoes (EVE, Repsol YPF and BP with 25% each), of 780 MW.
• C. T. de Aceca, in Villaseca de la Sagra (Toledo), of 391 MW.
• C. T. de Escombreras, in Cartagena (Murcia), with 831 MW.
Nuclear plants
Iberdrola operates the following nuclear plants individually or jointly with other companies:11
• Santa María de Garoña
• Almaraz
• Cofrentes
• Vandellós II
• Ascó II
Thermal plants
Iberdrola also owns three conventional thermal plants, mostly coal-fired, although they can also use fuel-oil and gas-oil). These are:
• C. T. de Velilla, in Velilla del Río Carrión (Palencia), with two units, one of 148 MW and one of 350 MW, in operation since 1964 and 1984, respectively.
• C. T. de Lada, in Langreo (Asturias), which had as many as four units, but now only has one of 155 MW and one of 350 MW, put into operation in 1967 and 1981, respectively.
• C. T. de Pasajes, in Guipúzcoa.
Renewable energy
Iberdrola wind turbine generators at Parque La Cotera (Burgos).Headquartered in Valencia (Paseo de la Alamdea), the Iberdrola Renovables, S.A. subsidiary had been listed on the stock exchange until July 2011, when Iberdrola decided to integrate it into the parent company.12 At the end of 2010, Iberdrola had operating installed capacity above 12,530 MW -51% outside Spain- producing a total of 25,400 million kWh of power in the year. The company plans to install 3,500 MW of additional capacity between 2011 and 2014. Its project pipeline at the end of 2010 comprised 62,613 MW at various stages of development in Spain and abroad.