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Iberdrola SA (IBE.MC)

IBE.MC on Madrid SE C.A.T.S.

22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

UK's proposed energy price cap could harm competition -Scottish Power
Wednesday, 26 Apr 2017 04:06am EDT 

April 26 (Reuters) - Keith Anderson , chief corporate officer of Scottish Power, a unit of Iberdrola SA , said on Wednesday::A potential energy price cap proposed by the British government would harm competition and it should set a deadline to abolish standard variable tariffs (SVTs) instead.."The government could impose a target that two out of three customers should be on a deal by the end of 2018, and all customers on a deal by the end of 2019, with SVTs abolished once and for all," Anderson said.."Any company that fails to meet these targets should have a price cap not only imposed but retained until all their customers are on deals.".The government has set out plans to hold down the prices households pay for gas and electricity which have doubled in the last decade. nL8N1HX22R.  Full Article

Iberdrola Q1 EBITDA down 8.2 pct YoY
Wednesday, 26 Apr 2017 02:19am EDT 

April 26 (Reuters) - Iberdrola SA ::Q1 net profit 827.6 million euros ($905.4 million) versus 824 million euros in Reuters poll .Q1 EBITDA 1.86 billion euros versus 1.88 billion euros in Reuters poll.Q1 sales 8.29 billion euros versus 8.18 billion euros year ago.  Full Article

Iberdrola wins construction and operation of plant in Mexico
Wednesday, 22 Mar 2017 06:27am EDT 

Iberdrola SA : Says has been awarded the construction and operation of a 766 MW combined-cycle plant in the state of Sinaloa, Mexico .The new plant will start operating in 2020 and will require an investment of about $400 million.  Full Article

Iberdrola wins rights to develop offshore wind farm of up to 1,486 MW in US
Tuesday, 21 Mar 2017 11:31am EDT 

Iberdrola SA : Says that through Avangrid it has been awarded, in the auction, the rights to develop and build an offshore wind farm of up to 1,486 MW in the area known as Kitty Hawk, 24 nautical miles off the coast of North Carolina, in United States .Iberdrola will have a period of one year to present the first evaluation of the wind potential of the area to Bureau of Ocean Energy Management (BOEM) for approval, after which it will have 54 months to present the engineering project for the construction and operation of the farm.  Full Article

Iberdrola issues bonds for 1 bln euros at 99.360 percent issue price
Tuesday, 28 Feb 2017 12:44pm EST 

Iberdrola SA :Prices 1 billion euros ($1.06 billion) in bonds due 2025 with 1 percent annual interest and 99.360 percent issue price.  Full Article

Spain's Iberdrola sees annual net profit growth of 7.5 pct to 2020
Wednesday, 22 Feb 2017 04:53am EST 

Spain's Iberdrola : Says sees net profit annual average growth of 7.5 percent until 2020 . Says sees Ebitda annual average growth of 6 percent until 2020 . Says sees dividend of 0.37- 0.40 euros ($0.39-$0.42) per share in 2020 Further company coverage: [nL8N1G71UJ] ($1 = 0.9517 euros) (Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34 91 585 21 51;)).  Full Article

Iberdrola to propose share buyback program of up to 0.48 pct of capital
Tuesday, 21 Feb 2017 11:42am EST 

Iberdrola SA :To propose share buyback program of up to 0.48 percent of its capital, worth up to 217.2 million euros ($229.1 million) and covering as much as 31 million shares.  Full Article

Gamesa wins two new contracts with Iberdrola to supply 134 wind turbines in Mexico
Friday, 20 Jan 2017 01:12am EST 

Gamesa SA :Wins two new contracts with Iberdrola through its mexican unit Gesa Eolica Mexico SA for the supply of 134 wind turbines for a total of 325.5 MW in Mexico.  Full Article

Iberdrola awards Ferrovial with deal for hydroelectric plant in Portugal for 80 million euros
Tuesday, 10 Jan 2017 06:21am EST 

Iberdrola SA :Awards Ferrovial with deal to build Gouvaes hydroelectric plant in Portugal for 80 million euros ($84.70 million).  Full Article

Iberdrola closes 750 mln euro bonds issue, runs repurchase for four other issues
Thursday, 24 Nov 2016 12:32pm EST 

Iberdrola SA : Says closes bonds issue for 750 million euros ($792 million) due 2024 at 1 percent annual coupon and 99.177 percent nominal issue price .Runs a partial repurchase offer for four bond issues maturing in 2017 and 2018.  Full Article


Cox: Qatar kerfuffle could tip Aramco to New York

NEW YORK (Reuters Breakingviews) - Economic boycotts are usually designed to force dramatic change. They deprive enemies of income that can be used to finance armies, feed propaganda machines and sustain populations - with the hope of provoking the target's people to overthrow their leaders. Saudi Arabia, the UAE, Egypt and Bahrain have followed much of this playbook since early June in their ostracism of Qatar, which they accuse of financing terrorism.