Business Conduct

Iberdrola Renewables, LLC is committed to high ethical standards. We work with regulators, policy makers and other market participants to develop rules and standards because we recognize that high standards of conduct are in the best interests of competitive wholesale energy markets, our customers and the economy. To this end, Iberdrola Renewables, LLC voluntarily reports natural gas and electricity transaction data to index developers.

As part of its commitment to transparent price reporting, the company and its employees abide by the Iberdrola Renewables, LLC Code of Conduct as well as its corporate parent's Code of Ethics of IBERDROLA, S.A. and Its Group of Companies.

For Iberdrola Renewables, LLC facilities in development or operation in New York State, the company and its employees observe the state-specific New York Code of Conduct.