SOURCE: Industrial Info Resources

Industrial Info Resources

May 31, 2011 06:25 ET

Iberdrola to Spend $6 Billion on U.S. Power Projects by Year-End 2012, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 31, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Ignacio Galán, the chairman of Iberdrola S.A. (MCE:IBE) (Bilbao, Spain), said his company will spend $6 billion on electric power projects in the U.S. by the end of 2012. Galán's comments came after a May 12 meeting with U.S. Energy Secretary Steven Chu and U.S. Commerce Secretary Gary Locke.

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