Iberdrola Renewables, LLC Credit Information
Iberdrola Renewables, LLC (formerly PPM Energy, Inc.) is part of the IBERDROLA, S.A. family of companies operating wind, power and gas storage assets in North America. Credit support for Iberdrola Renewables, LLC is through Iberdrola Renewables Holdings, Inc.
Iberdrola Renewables Holdings, Inc. is incorporated under the laws of the State of Delaware, and is a wholly-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 U.S. Click here for IBERDROLA, S.A. group financial information.
Iberdrola Renewables Holdings, Inc. holds all of the US based assets of IBERDROLA, S.A. and has an asset value of approximately $11.9 billion as of FYE December 31, 2010. In addition, Iberdrola Renewables Holdings, Inc. is backed by the full support of IBERDROLA, S.A. through a guaranty.