IBERDROLA, S.A. · Bilbao, Vizcaya Spain ·(Pink Sheets: IBDRY)(Spanish: IBE)

Spanish utility IBERDROLA became a major global player in 2007 with the acquisition of Scottish Power for $22.5 billion. The expanded company serves 21 million customers in Europe and the Americas and owns hydroelectric, fossil-fueled, nuclear, and renewable power generation facilities with a capacity of more than 42,500 MW (including 7,704 MW of renewables). The deregulation of Spain's electric industry had prompted the company to branch into new businesses, including real estate, energy engineering and consulting, gas and water distribution, and information technology, before the group refocused on its core utility businesses. The company is putting a major focus on developing renewable energy plants. To read the full description, subscribe now.