Gov. Paterson $upports Spanish Takeover of NYSEG
By Jim Willis on Jun 6, 2008 in Business, Energy, Gov David Paterson, Government & Politics | Printable Version
![](http://rssbinghamton.com/wp-content/uploads/2008/06/hand-money.jpg "Political \")
The fix is now in. Our illustrious philandering new governor, David Paterson, has granted his blessing on the foreign takeover of Energy East, which owns our regional electric and gas utility NYSEG (New York State Electric & Gas). He likes the idea that Iberdrola, the Spanish company who wants to buy it, will “invest” $2 billion in wind power. Of course, such a promise is a complete fiction. It won’t be $2B, and they certainly don’t have $2B laying around ready to instantly invest. The money will come from ratepayer’s pockets and will be a very expensive and unnecessary experiment in unproven technology when the money would be better spent drilling for natural gas. But never mind the facts, everyone loves a good story!
Here’s a statement uttered by our astonishingly brilliant governor:
In his statement, Paterson said he looks forward to the PSC’s “speedy resolution of issues in the acquisition case before it. I am hopeful that the outcome will be one that provides an opportunity to Iberdrola to bring its financial strength and commitment to expand renewable energy generation in the state, while also protecting the interests of ratepayers in the Energy East service area.”
(Press & Sun-Bulletin, June 6)
Translation: Get off your rear-ends Public Service Commission, and get this deal done. I’m waiting for “contributions” from Iberdrola to my campaign re-election fund!
Wake up people.
Technorati Tags: Iberdrola, Energy East, NYSEG, David Paterson, wind power