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Stock impact report

GOP challenger brands Dem Rep Josh Riley a 'hypocrite' over ties to energy firm he blasts on campaign trail [FOX News]

IBERDROLA SA S/ADR (IBDRY) 
NASDAQ:AMEX Investor Relations: iberdrola.com/shareholders-investors
Company Research Source: FOX News
Rep. Josh Riley, D-N.Y., has put criticism of soaring utility costs at the center of his re-election bid in one of the most competitive House districts in the country, but state Sen. Peter Oberacker, R-N.Y., Riley's likely general election challenger, argues the incumbent Democrat is quietly profiting from the industry. In response to proposed rate hikes from New York State Electric & Gas (NYSEG), Riley has accused the company of "robbery" and seeking to "line the pockets" of its Spanish owner, Iberdrola. Recent reporting from Mid-Hudson News found that Riley owns up to $250,000 in mutual funds that hold shares of Iberdrola. The outlet also reported that Riley's campaign received a total of $1,500 from a lobbyist who directly represented Avangrid, Iberdrola's primary U.S. subsidiary, at the time the donations were made. The NYSEG-tied contributions and investment listed on Riley's financial disclosure report were reviewed and verified by Fox News Digital. "I think we could su Show less Read more
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