PORTLAND, Maine, April 8 /PRNewswire/ -- Iberdrola International B.V., a Dutch company whose sole shareholder is Iberdrola, S.A., has assumed, with the unconditional and irrevocable guarantee of Iberdrola, S.A., the obligations of Energy East Corporation, as issuer of the bonds listed below (the "US Domestic Bonds") and Energy East has been released from its obligations under the US Domestic Bonds. -- An aggregate of $200 million of 8.05% bonds, which mature in 2010, CUSIP 29266MAA7 -- An aggregate of $400 million of 6.75% bonds, which mature in 2012, CUSIP 29266MAD1 -- An aggregate of $200 million of 6.75% bonds, which mature in 2033, CUSIP 29266MAE9. -- An aggregate of $500 million of 6.75% bonds, which mature in 2036, CUSIP 29266MAF6. As from the date hereof the credit position of the holders of those US Domestic Bonds have been enhanced and now rank pari passu to the senior creditors of Iberdrola, S.A. as regards the assets of the Iberdrola Group. IMPORTANT INFORMATION This communication does not constitute an offer to purchase, sell or exchange any securities, or a solicitation of an offer to purchase, sell or exchange any securities. The securities referred to in this communication may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration. About Energy East: Energy East Corporation, a wholly-owned subsidiary of Iberdrola, S. A., is a respected super-regional energy services and delivery company serving about 3 million customers throughout upstate New York and New England. By providing outstanding customer service and meeting customers' energy requirements in an environmentally-responsible manner, Energy East will continue to be a valuable asset to the communities we serve. CONTACT: Investor Relations - Energy East, 1-207-688-4386 Website: http://www.energyeast.com/ DATASOURCE: Energy East Corporation CONTACT: Investor Relations, Energy East, +1-207-688-4386 Web Site: http://www.energyeast.com/

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