IBERDROLA RENEWABLES Credit Information
IBERDROLA RENEWABLES, Inc. (formerly PPM Energy, Inc.) and IBERDROLA Canada Energy Services Ltd. (formerly PPM Energy Canada Ltd.) are part of the Iberdrola, S.A. family of companies operating wind, power and gas storage assets in North America. Credit support for IBERDROLA RENEWABLES, Inc. is through IBERDROLA RENEWABLES Holdings, Inc. Click here for more information on IBERDROLA Canada Energy Services.
IBERDROLA RENEWABLES, Inc. is part of IBERDROLA RENOVABLES, S.A., which is the world leader in the renewable energy sector operating in 19 countries. In the worldwide wind power sector, IBERDROLA RENOVABLES has the leadership position with 7,704 MW of installed capacity as of the end of 2007.
IBERDROLA RENEWABLES Holdings, Inc. is incorporated under the laws of the State of Delaware, and is a wholly-owned subsidiary of IBERDROLA RENOVABLES, S.A. and a majority owned subsidiary of IBERDROLA, S.A. Financial statements for IBERDROLA RENEWABLES Holdings, Inc. will be available, subject to a Confidentiality Agreement.
IBERDROLA recognizes the importance of maintaining appropriate credit ratings to support its continued growth throughout the US and Canada. Click here for IBERDROLA, S.A. group financial information.
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IBERDROLA RENEWABLES Holdings, Inc. holds all of the US based assets of IBERDROLA, S.A. and has an asset value of approximately $5.1 billion as of FYE December 31, 2007. In addition, IBERDROLA RENEWABLES Holdings, Inc. is backed by the full support of IBERDROLA, S.A. through a guaranty. Standard & Poor's has assigned a corporate credit rating (CCR) of 'A-' with a stable outlook. Moody's Investor Service has assigned an Issuer credit rating of 'A3' with a stable outlook.
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Contact any of the following individuals regarding IBERDROLA RENEWABLES credit information:
Craig Ward
Director of Credit Risk
Phone: (281) 379-7416; Fax: (281) 379-7444
Annette Sturgill
Credit Manager
Primary Renewable Energy Contact
Phone: (503) 241-3214; Fax: (503) 796-6902
Susan Cooley
Senior Credit Analyst
Gas Desk
Phone: (281) 379-7431; Fax: (281) 379-7444
Toby Harrington
Senior Credit Analyst
Primary Margin Contact
Power Desk & REC Transactions
Phone: (503) 241-3215; Fax: (503) 796-6902
Erica Kang
Senior Credit Analyst
Primary Guaranty Contact
Gas Desk
Phone: (503) 241-3203; Fax: (503) 796-6902
Kim Moseley
Senior Credit Analyst
Gas Desk
Phone: (281) 379-7427; Fax: (281) 379-7444
Lee Schook
Senior Credit Analyst
Primary Procurement Contact
Phone: (503) 241-3217; Fax: (503) 796-6902
Brandon Smith
Credit Analyst
Phone: (281) 379-7473; Fax: (281) 379-7444
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