Table of Contents
Data table of Contents
Data table of Contents 2
List of Tables 6
List of Figures 8
Company Snapshot 9
Company Overview 9
Key Information 9
Iberdrola, S.A. LNG Operations 10
LNG Operation by Country, Regasification, from 2003 to 2015 10
LNG Operation by Country, Total Regasification Capacity, from 2003 to 2015 10
LNG Operation, Regasification, Regasification Capacity in Spain, from 2003 to 2015 10
Iberdrola, S.A. Underground Gas Storage Operations 11
Underground Gas Storage, Working Gas and Total Capacity in Different Countries 11
Underground Gas Storage Operations, Storage Capacity, Canada, Alberta 11
Underground Gas Storage Operations, Storage Capacity, United Kingdom 11
Underground Gas Storage Operations, Storage Capacity, United States, New Mexico 11
Underground Gas Storage Operations, Storage Capacity, United States, Alabama 12
Underground Gas Storage Operations, Storage Capacity, United States, Mississippi 12
Underground Gas Storage Operations, Storage Capacity, United States, Texas 12
Underground Planned Gas Storage Operations, Storage Capacity 12
Underground Planned Gas Storage Operations, Storage Capacity, United States, Texas 12
Iberdrola, S.A.'s Freebird Gas Storage Asset Details 13
Iberdrola, S.A.'s Gas Storage Asset Details, Freebird 13
Iberdrola, S.A.'s Gas Storage Deals Details, Freebird 13
Iberdrola, S.A.'s Alberta Hub Gas Storage Asset Details 14
Iberdrola, S.A.'s Gas Storage Asset Details, Alberta Hub 14
Iberdrola, S.A.'s Hatfield Moor Gas Storage Asset Details 15
Iberdrola, S.A.'s Gas Storage Asset Details, Hatfield Moor 15
Iberdrola, S.A.'s Caledonia Gas Storage Asset Details 16
Iberdrola, S.A.'s Gas Storage Asset Details, Caledonia 16
Iberdrola, S.A.'s Gas Storage News Details, Caledonia 16
Iberdrola, S.A.'s Gas Storage Deals Details, Caledonia 18
Iberdrola, S.A.'s Grama Ridge Gas Storage Asset Details 18
Iberdrola, S.A.'s Gas Storage Asset Details, Grama Ridge 18
Iberdrola, S.A.'s Katy Gas Storage Asset Details 19
Iberdrola, S.A.'s Gas Storage Asset Details, Katy 19
Iberdrola, S.A. Pipeline Operations 20
Pipeline Operations, Algeria 20
Pipeline Operation, Algeria, Natural Gas Pipelines 20
Iberdrola, S.A.'s Pipeline Details 21
Iberdrola, S.A.'s Medgaz Pipeline, Pipeline Details 21
Iberdrola, S.A.'s Medgaz Pipeline, News Details 21
Business Description 25
Business Overview 25
IBERDROLA USA 25
Overview 25
Production 25
Financials 25
March ket View 25
Key Strategies 25
Renewable Energy 26
Overview 26
Production 26
Financials 26
March ket View 26
Key Strategies 26
ScottishPower 26
Overview 27
Production 27
Financials 27
March ket View 27
Key Strategies 27
South America and Mexico-Guatemala 28
Overview 28
Production 28
Financials 28
March ket View 28
Key Strategies 28
Spain 28
Overview 28
Production 29
Financials 29
March ket View 29
Key Strategies 29
Iberdrola, S.A. - Major Products and Services 30
History 31
SWOT Analysis 34
Overview 34
Iberdrola, S.A. Strengths 34
Strong March ket Position 34
Strategic Business Combination 34
Expanding March ket Share in Segment 35
Strong Operating March gin 35
Iberdrola, S.A. Weaknesses 35
Legal Proceedings 35
December elerating Growth Ratios 35
Limited Liquidity Position 35
Limited Investor Confidence 35
Iberdrola, S.A. Opportunities 35
Expected Energy Consumption Recovery in 2010 35
Favorable Government Initiatives 36
Focus on Chinese Energy March ket 36
Rising Demand for Green Projects 36
Strategic Investments 36
Iberdrola, S.A. Threats 37
Competitive Landscape 37
Change in Regulatory Environment 37
Operational Issues 37
Increasing Focus on Infrastructure Projects 37
Iberdrola, S.A. - Top Competitors 38
Company Financial Ratios 39
Financial Ratios - Capital March ket Ratios 39
Financial Ratios - Annual Ratios 39
Performance Chart 41
Financial Performance 41
Financial Ratios - Interim Ratios 42
Financial Ratios - Ratio Charts 43
Key Employees 44
Key Employee Biographies 45
Company Statement 46
Locations And Subsidiaries 48
Head Office 48
Other Locations & Subsidiaries 48
Financial Deals Landscape 51
Iberdrola, S.A. Detailed Deal Summary 51
Asset Purchase 51
Acquisition 55
UIL Holdings Takes Over The Southern Connecticut Gas, Connecticut Natural Gas And The Berkshire Gas 55
Iberdrola Renovables Takes Over Remaining 50% Interest In Energias Renovables de la Region de Murcia From Caja de Ahorros 57
Iberdrola Sells 2.7% Stake In Energias de Portugal 58
Iberdrola Sells 15.68% Stake In Petroceltic International 59
TECO Energy, Iberdrola And EDP Energias Concludes a new deal To Sell Their Interest In Distribucion Electrica To Empresas Publicas 61
Venture Financing 63
Morgan Solar Secures US$ 8.2 Mln In Series A Round Of Financing 63
Debt Offering 64
Iberdrola Completes Bond Offering For US$ 1,040 Mln 64
Iberdrola Issues 4.125% Bonds Due 2020 For US$ 683 Mln 65
Iberdrola Renovables Enters Into Joint Venture With Neoenergia 66
Iberdrola Renovables Enters Into Agreement With Provincial Authority of Bizkaia 67
Iberdrola Renovables Enters Into Joint Venture With Vattenfall 68
Asset Finance 69
Iberdrola Renovables Receives Grant Of US$ 46 Mln For Pebble Springs Wind Project In Oregon, U.S. 69
Iberdrola Receives Grant Of US$ 169 Mln For Cayuga Ridge Wind Farm In Illinois, U.S. 70
Iberdrola Completes Project Financing Of US$ 103 Mln For La Venta III Wind Farm In Oaxaca, Mexico 71
ENERGEX Invest US$ 1 Mln In Bald Hills Substation Transmission Line Project, Australia 72
Iberdrola Renovables Takes Over 100% Rights To Build Ventotec Ost 2 Offshore Wind Farm 73
Iberdrola Ingenieria Completes Project Financing For Puglia Solar Park, Italy 74
Iberdrola Invests US$ 749 Mln In Substations And Transmission Lines, Spain 75
Iberdrola Takes Over El Andevalo Wind Farm For US$ 440 Mln From Gamesa 76
EBRD Takes Over 25% Stake In IBR Polska And IBR Magyar For US$ 181 Mln From Iberdrola Renovables 77
Iberdrola And Siemens Plans To Invest US$ 354 Mln For Los Vergeles Wind Farm, Mexico 78
Iberdrola To Invest US$ 1,400 Mln For Transmission Line Project 79
Iberdrola To Invest US$ 1,377 Mln For Phase I Of Onshore Wind Project, Romania 80
Recent Developments 81
December 22, 2010: IBERDROLA Awards Contracts Worth US$ 524 Mln For 800km Maine Transmission Line 81
December 15, 2010: Central Maine Power Chooses IEE MDM Software For Smart Grid Initiative 81
December 01, 2010: Commercial Operations For Additional Capacity At Grain LNG Importation Terminal Start On Schedule: National Grid 82
November 29, 2010: Iberdrola, GDF Suez And SSE Establish JV To Develop New Generation Nuclear Power Station In West Cumbria 82
November 26, 2010: Iberdrola, Siemens Plan To Invest Around US$ 354 Mln To Build 161MW Wind Farm In Tamaulipas, Mexico 83
October 29, 2010: Iberdrola Delivers First Natural Gas Shipments To National Grid's Isle Of Grain Facility 83
October 11, 2010: Iberdrola Announces Update On Power Generation In Q3 2010 84
October 07, 2010: Iberdrola, ERDF Collaborate To Develop Open PLC Standard For Faster Smart Grid Deployment 84
September 28, 2010: Iberdrola USA And CMP Kick Off US$ 1.4 Bln Transmission Project And US$ 166 Mln Advanced Metering Project 84
September 28, 2010: Iberdrola To Commence Construction On Onshore Wind-Energy Project In Romania In 2011 85
Appendix 86
Methodology 86
Coverage 86
Secondary Research 86
Primary Research 86
Expert Panel Validation 86
Contact Us 87
Disclaimer 87
List of Tables
List of Tables
Iberdrola, S.A., Major development 9
Iberdrola, S.A., Regasification Capacity by Country (Bcf), from 2003 to 2015 10
Iberdrola, S.A., Regasification Capacity in Spain (Bcf), from 2003 to 2015 10
Iberdrola, S.A., Gas Storage Capacity by Country (MMcf), 2009 11
Iberdrola, S.A., Gas Storage Capacity in Alberta, 2009 11
Iberdrola, S.A., Gas Storage Capacity in United Kingdom, 2009 11
Iberdrola, S.A., Gas Storage Capacity in New Mexico, 2009 11
Iberdrola, S.A., Gas Storage Capacity in Alabama, 2009 12
Iberdrola, S.A., Gas Storage Capacity in Mississippi, 2009 12
Iberdrola, S.A., Gas Storage Capacity in Texas, 2009 12
Iberdrola, S.A.,Planned Gas Storage Capacity in Texas, 2009 12
Iberdrola, S.A., Gas Storage Asset Details, Freebird, 2009 13
Iberdrola Renovables Takes Over Freebird Gas Storage 13
Iberdrola, S.A., Gas Storage Asset Details, Alberta Hub, 2009 14
Iberdrola, S.A., Gas Storage Asset Details, Hatfield Moor, 2009 15
Iberdrola, S.A., Gas Storage Asset Details, Caledonia, 2009 16
ENSTOR Announces Open Season For Gas Storage Facility In Mississippi 16
TCM Announces Formation Of New Firms To Explore Natural Gas Midstream Opportunities 16
Enstor Takes Over Caledonia Energy Partners From Tenaska Power Fund And Other Owners 18
Tenaska Capital Management Takes Over 50% Interest In Caledonia Gas Storage Project From Caledonia Energy 18
Iberdrola, S.A., Gas Storage Asset Details, Grama Ridge, 2009 18
Iberdrola, S.A., Gas Storage Asset Details, Katy, 2009 19
Iberdrola, S.A., Natural Gas Pipelines in Algeria, 2009 20
Iberdrola, S.A., Pipeline Details, Medgaz Pipeline, 2009 21
Medgaz Gets Euros 500 Mln Loan From EIB 21
Sonatrach's Medgaz Pipeline Becomes Operational 22
Algeria Intends To Increase Natural Gas Exports By Over 50% In Next Five Years 22
MEDGAZ Delays Pipeline Start-Up 22
Algeria Says Medgaz Gas Pipeline To Pump Gas By 2009 Year-End 23
MEDGAZ Starts Installation Of Gas Pipeline In Deep Water 23
MEDGAZ Announces Start-Up Of Pipeline Construction 24
Iberdrola, S.A., Major Products and Services 30
Iberdrola, S.A., SWOT Analysis 34
Iberdrola, S.A., Top Competitors 38
Iberdrola, S.A., Ratios based on current share price 39
Iberdrola, S.A., Annual Ratios 39
Iberdrola, S.A., Interim Ratios 42
Iberdrola, S.A., Key Executives, 44
Iberdrola, S.A., Other Locations 48
Iberdrola, S.A., Subsidiaries 48
New York State Electric To Sell Natural Gas Pipelines And Storage Facility In New York 51
Union Investment takes over Torre Oriente in Lisbon 52
Iberdrola Inmobiliaria sells Torre Diagonal Litoral building in Barcelona 54
UIL Holdings Takes Over The Southern Connecticut Gas, Connecticut Natural Gas And The Berkshire Gas 55
Iberdrola Renovables Takes Over Remaining 50% Interest In Energias Renovables de la Region de Murcia From Caja de Ahorros 57
Iberdrola Sells 2.7% Stake In Energias de Portugal 58
Iberdrola Sells 15.68% Stake In Petroceltic International 59
TECO Energy, Iberdrola And EDP Energias Concludes a new deal To Sell Their Interest In Distribucion Electrica To Empresas Publicas 61
Morgan Solar Secures US$ 8.2 Mln In Series A Round Of Financing 63
Iberdrola Completes Bond Offering For US$ 1,040 Mln 64
Iberdrola Issues 4.125% Bonds Due 2020 For US$ 683 Mln 65
Iberdrola Renovables Enters Into Joint Venture With Neoenergia 66
Iberdrola Renovables Enters Into Agreement With Provincial Authority of Bizkaia 67
Iberdrola Renovables Enters Into Joint Venture With Vattenfall 68
Iberdrola Renovables Receives Grant Of US$ 46 Mln For Pebble Springs Wind Project In Oregon, U.S. 69
Iberdrola Receives Grant Of US$ 169 Mln For Cayuga Ridge Wind Farm In Illinois, U.S. 70
Iberdrola Completes Project Financing Of US$ 103 Mln For La Venta III Wind Farm In Oaxaca, Mexico 71
ENERGEX Invest US$ 1 Mln In Bald Hills Substation Transmission Line Project, Australia 72
Iberdrola Renovables Takes Over 100% Rights To Build Ventotec Ost 2 Offshore Wind Farm 73
Iberdrola Ingenieria Completes Project Financing For Puglia Solar Park, Italy 74
Iberdrola Invests US$ 749 Mln In Substations And Transmission Lines, Spain 75
Iberdrola Takes Over El Andevalo Wind Farm For US$ 440 Mln From Gamesa 76
EBRD Takes Over 25% Stake In IBR Polska And IBR Magyar For US$ 181 Mln From Iberdrola Renovables 77
Iberdrola And Siemens Plans To Invest US$ 354 Mln For Los Vergeles Wind Farm, Mexico 78
Iberdrola To Invest US$ 1,400 Mln For Transmission Line Project 79
Iberdrola To Invest US$ 1,377 Mln For Phase I Of Onshore Wind Project, Romania 80
List of Figures
List of Figures
Iberdrola, S.A., Regasification Capacity by Country (Bcf), from 2003 to 2015 10
Iberdrola, S.A., Performance Chart (2005 - 2009) 41
Iberdrola, S.A., Ratio Charts 43
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