The New York State Public Service Commission on Wednesday authorized the acquisition of Energy East Corp. and its affiliates by Spanish power giant Iberdrola SA.

By David Robinson State regulators Wednesday unanimously approved the $4.5 billion merger between Energy East Corp. and Spanish power producer Iberdrola SA, clearing the way for new owners to take over New York State Electric & Gas Corp. if they accept the conditions imposed on the deal.

By Lynn Doan, The Hartford Courant, Conn. Jul. 26--Connecticut Natural Gas customers are set to receive credits of up to $9.25 on their monthly bills, a refund ordered because the utility earned at least $15.5 million more than allowed by state regulators.

By Larry Rulison, Albany Times Union, N.Y. Jul. 15--ALBANY -- U.S. Sen. Charles Schumer is urging Iberdrola SA and state regulators to hammer out a settlement on the Spanish utility's $4.5 billion merger with Energy East Corp.

By David Robinson It's coming down to the wire for Iberdrola SA's $4.6 billion bid to buy the company that owns New York State Electric & Gas Corp., and all eyes are on the state's Public Service Commission.