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Iberdrola SA (IBE.MC)

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

6.11EUR
19 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Britain's energy regulator says exploring options to act on high bills
Thursday, 22 Jun 2017 04:43am EDT 

June 22 (Reuters) - :UK energy regulator Ofgem said it will shortly be setting out the work it has underway and further options it can explore to combat high costs for consumers in the country's energy market..The statement comes in response to a letter from the government on Wednesday, asking the regulator what it can do safeguard customers on poor value tariffs..British Prime Minister Theresa May's government said it remained committed to helping consumers hit by the most expensive energy tariffs, when setting out policy objectives on Wednesday. nL8N1JI3GY."We share the Government's concern that the energy market needs to work better for all consumers and that energy companies need to do more to help loyal consumers get a better deal," Ofgem said..Utilities have denied overcharging, but last year the Competition and Markets Authority found they had overcharged some British households a total of 1.4 billion pounds ($1.8 billion) a year on average from 2012 to 2015. nL8N19G198.Britain's "Big Six" suppliers are SSE <<>>, Iberdrola's <<>> Scottish Power, Centrica <<>>, Innogy's npower <<>>, E.ON <<>> and EDF Energy <<>>..  Full Article

Iberdrola unit sells 55 pct of Hilton Diagonal Mar hotel in Barcelona for 80 mln euros‍​
Wednesday, 21 Jun 2017 03:43am EDT 

June 21 (Reuters) - IBERDROLA SA ::IBERDROLA INMOBILIARIA SELLS 55% OF THE HILTON DIAGONAL MAR HOTEL IN BARCELONA TO AXA INVESTMENT MANAGERS-REAL ASSETS FOR 80 MILLION EUROS‍​.IBERDROLA INMOBILIARIA MAINTAINS THE REMAINING 45% OF THE PROPERTY.  Full Article

Iberdrola will not buy shares in future public offering of Neoenergia‍​
Thursday, 8 Jun 2017 05:39am EDT 

June 8 (Reuters) - Pedro Azagra, Development Director Of Iberdrola SA ::SAYS IBERDROLA WILL NOT BUY SHARES IN POTENTIAL NEOENERGIA IPO‍​.SAYS, IN RESPECT TO FUTURE NEOENERGIA LISTING, THAT NOW MAIN IDEA IS FOR IT TO BE A SECONDARY OFFER‍​.  Full Article

Iberdrola sees positive impact on EPS in 2017 after operation in Brazil
Thursday, 8 Jun 2017 04:37am EDT 

June 8 (Reuters) - IBERDROLA SA ::POSITIVE “ONE-OFF” IMPACT ON EPS IN 2017 AND SLIGHTLY DILUTIVE EFFECT IN 2018 (ABOUT 1 PERCENT) DUE TO GOODWILL AMORTIZATION AFTER CONSOLIDATION OF BRAZILIAN ASSETS‍​.SEES POSITIVE IMPACT ON EBITDA OF OVER 900 MILLION EUROS DUE TO CONSOLIDATION OF 100 PERCENT OF NEOENERGIA.OPERATION IN BRAZIL WILL NOT IMPLY SHARE CAPITAL INCREASE.SEES 2.9 BILLION EURO INCREASE IN NET DEBT DUE TO CONSOLIDATION OF 100 PERCENT OF NEOENERGIA, NET DEBT/EBITDA RATIO TO IMPROVE BY 0.1X.SEES ABOUT 0.8 BILLION EUROS PER YEAR OF CAPEX INCREASE DUE TO CONSOLIDATION OF 100 PERCENT OF NEOENERGIA.  Full Article

Iberdrola to develop wind project in Massachusetts, US
Wednesday, 10 May 2017 05:56am EDT 

May 10 (Reuters) - IBERDROLA SA ::IBERDROLA AVANGRID RENEWABLES AND VINEYARD WIND CREATE STRATEGIC ALLIANCE TO JOINTLY DEVELOP OFFSHORE WIND PROJECT, OFF THE COAST OF THE STATE OF MASSACHUSETTS, US.SAYS PROJECT CONSTRUCTION WILL BEGIN IN 2020.SAYS AVANGRID RENEWABLES HAS ACQUIRED 50 PCT OF VINEYARD WIND, THE PROJECT PROMOTER, FROM COPENHAGEN INFRASTRUCTURE PARTNERS.  Full Article

Iberdrola to build wind farm for Apple
Wednesday, 3 May 2017 06:43am EDT 

May 3 (Reuters) - Iberdrola SA ::Says that through its US unit, Avangrid Renewables, it has signed an agreement with Apple Energy, a unit of Apple <<>>, for long-term energy sale from the Montague wind farm in Oregon, the United States.The 200 MW wind farm will be built between 2018 and 2020 .The planned investment in the facility amounts to $300 million.Iberdrola will be the owner and operator of the wind farm and the energy generated during the next 20 years will be supplied to Apple .  Full Article

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

UPDATE 2-Chasing Vestas, Siemens Gamesa targets $2.5 bln in cost cuts

* Shares up 2.4 pct (Recasts, adds CEO comment, details on strategy)