CEO of firm invested in Maple Ridge wary about winds of political change

Watertown Daily Times CEO of firm invested in Maple Ridge wary about winds of political change

CEO of firm invested in Maple Ridge wary about winds of political change
SPANISH UTILITY: Iberdrola chief says new projects need certainty on U.S. aid
TUESDAY, SEPTEMBER 28, 2010

BOSTON — Spanish power utility Iberdrola SA is investing $10 billion in wind power and energy-related projects across the U.S. over the next few years, but political and regulatory uncertainties could stall future investments, the company's chairman and chief executive officer said Tuesday.

Ignacio Galan, who is in New England for the groundbreaking of a major power grid upgrade in Maine, said wind energy projects have created thousands of jobs in the U.S., and renewable-energy companies will continue making long-term investments if they get stability from regulators.