A divided panel of Connecticut regulators on Wednesday gave final approval to Iberdrola USA’s $3 billion takeover of UIL Holdings. The state’s Public Utilit...

Connecticut regulators released a draft decision approving Iberdrola USA’s $3 billion acquisition of UIL Holdings.

Iberdrola USA and UIL Holdings have agreed to clean up an abandoned power plant site in New Haven if Connecticut regulators approve their proposed $3 billion merger.

The New York Public Service Commission staff has accepted seven proposed demonstration projects for the Reforming the Energy Vision initiative.

Iberdrola USA refiled its acquisition plan for UIL Holdings with Connecticut regulators, attempting to address objections that scuttled the previous plan.

Iberdrola reported increased revenue in its U.S. and other overseas operations that offset declines in Spain.

New York utilities have filed 15 demonstration projects for consideration under the state’s Reforming the Energy Vision initiative.

Iberdrola dropped its bid to acquire UIL Holdings but promised to file a new application that would address Connecticut regulators' objections.

Connecticut regulators said they will reject Iberdrola SA’s acquisition of UIL Holdings without much stronger ratepayer protections and assurances over local control.

Connecticut environmental officials are at odds with utility regulators over whether the state should seek cleanup of an abandoned power plant as a condition for Iberdrola’s acquisition of UIL Holdings.