Energy East Corporation

PORTLAND, Maine, March 12 /PRNewswire-FirstCall/ — Energy East Corporation , Iberdrola S.A. and the staff of the New York State Public Service Commission (NYPSC) today informed the Administrative Law Judge assigned to the joint petition requesting approval by the NYPSC of the acquisition of Energy East by Iberdrola that efforts to reach a negotiated resolution have not been successful. Evidentiary hearings are expected to commence as scheduled on Monday, March 17, 2008.

About Energy East:

Energy East is a respected super-regional energy services and delivery company serving about 3 million customers throughout upstate New York and New England. By providing outstanding customer service and meeting customers’ energy requirements in an environmentally friendly manner, Energy East will continue to be a valuable asset to the communities we serve.

Energy East Corporation

CONTACT: Investor Relations for Energy East, +1-207-688-4386

Web site: http://www.energyeast.com/