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US power company Avangrid, 80% owned by Spain's Iberdrola, is negotiating to merge with PPL Corporation, which could generate a company worth 67,000 million dollars (60,720 million euros), according to the Financial Times , which is who has published the news. The resulting company would be one of the largest electricity companies in the United States , a country in which this sector is very fragmented.

According to the aforementioned medium, the two companies have not yet decided whether the eventual merger would affect all of their assets or only part of them, or if Iberdrola would enter the resulting company with more capital. Avangrid has 8 different brands, a total of 3.1 million customers in New York and New England, in addition to wind farms in 22 of the 50 states that make up the US. Its market value is 15,000 million dollars (13,600 million euros), with a debt of 7,100 million dollars (6,434 million euros).

PPL is strong in the State of Pennsylvania , just south of New York. Its current name is in fact the acronym of Pennsylvania Power and Light. Its value, according to the Financial Times information, amounts to 22,700 million dollars, and its debt to 22,300 million (20,570 and 20,200 million euros, respectively). PPL is also present in Great Britain , and the sum of its clients in that country and in the US amounts to 10 million . Avangrid is not in Britain, although Iberdrola does participate in that country.

The spokesmen of both companies have declined to value, confirm or deny the operation to the Financial Times .

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