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Showing posts from May, 2024

Risks of Foreign Control: The Iberdrola-Avangrid Acquisition and Its Implications for U.S. Energy Infrastructure

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  The acquisition of Avangrid by Iberdrola, detailed in a recent Utility Dive article , highlights growing concerns about the foreign ownership of U.S. energy infrastructure. This trend poses significant risks to national security, economic stability, and energy independence, as evidenced by the broader landscape of non-U.S.-owned energy assets. National Security Concerns Foreign ownership of critical energy infrastructure can compromise national security. The energy sector is a prime target for cyberattacks, with incidents on the rise globally. When foreign entities control critical infrastructure, the risk of these assets being used as leverage in geopolitical conflicts increases. According to the U.S. Department of Homeland Security, the energy sector is highly vulnerable to cyber threats, which could be exacerbated by foreign control, potentially allowing adversaries to exploit these vulnerabilities more effectively. Economic Stability and Domestic Investment Economic stability is