Iberdrola, which bought US-based utility Energy East for $4.5 billion in 2008, is now selling three Northeast US gas distributors acquired under that deal for $1.3 billion to UIL Holdings.

摘要

Iberdrola is selling Connecticut Natural Gas, Southern Connecticut Gas and Berkshire Gas, which together distribute about 155 million cubic feet per day of natural gas. The Spanish firm plans to reinvest proceeds from the transaction to support a $1.4 billion plan to connect the electricity grids linking Massachusetts, New Hampshire and Maine to Canada.