Iberdrola A logical jolt

EDF is a nuclear powerhouse. Iberdrola is a wind-electric powerhouse. A combination seems logical, and the market seems to believe the reports that Électricité de France and a Spanish partner Actividades de Construccíon y Serivios are eyeing a takeover bid. Iberdrola’s share price has risen 21% in the past week. But common sense doesn’t always end up coming true. The reported deal would represent a big step to integrating Europe’s still fragmented energy markets. A lack of connections across the...