Scottish Power: Investor News

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Investor Archive / Investor News

ScottishPower's PPM Completes Texas Gas Storage Purchase 11 December 2002 ScottishPower's competitive US energy business, PacifiCorp Power Marketing, Inc. (PPM), has completed the acquisition of the assets of Aquila, Inc.'s Katy gas storage facility, two development opportunities and two other storage facilities, all in Texas, at a purchase price of approximately $162 million in an all cash transaction. The acquisition, first announced in August, is expected to be earnings enhancing in the first full year of ownership.
NEA EU Approval 12 November 2002 Further to the announcements of 16 July 2002 and 7 November 2002 by ScottishPower, the European Commission has confirmed that the amendments to the Nuclear Energy Agreement (NEA) outlined in the revised terms dated 15 July 2002 do not adversely affect the existing exemption of the NEA under Article 81(3) of the EC Treaty.
NEA Announcement 7 November 2002 Further to the announcements made on 16 July 2002, by ScottishPower, Scottish and Southern Energy and British Energy (the Parties) regarding revised terms of the Nuclear Energy Agreement (NEA), the Parties welcome today's decision by Ofgem to approve the revised terms.
2002/03 HALF YEAR RESULTS including 2nd Quarter to 30 September 2002 5 November 2002 "I am pleased to announce a further quarter of improved financial and operational performance".
Analysts' visit to PacifiCorp 3 October 2002 On 3 and 4 October 2002 ScottishPower is holding a series of presentations for analysts and investors at its US operation PacifiCorp. The presentations will cover both ScottishPower's regulated and unregulated US businesses and will be given by the company's US based management team.
Dividend Declaration for 2nd Quarter ended 30 September 2002 30 September 2002 ScottishPower announces that the dividend for the second quarter ended 30 September 2002 is 7.177 pence per ordinary share. The dividend will be payable on 16 December 2002 to shareholders on the register on 15 November 2002.
ScottishPower Trading Update 30 September 2002 ScottishPower will shortly be meeting analysts ahead of its close period for the half-year ending 30 September 2002. At the meetings, ScottishPower will update analysts on performance against the previously stated strategic priorities for each of its four businesses, confirming that it continues to trade in line with expectations.
ScottishPower's PPM Enters into an agreement to acquire Aquila's Texas gas storage assets 8 August 2002 ScottishPower (SPW) announced today that its competitive US energy business, PacifiCorp Power Marketing, Inc. (PPM) has agreed to acquire, in a purchase of assets, Aquila Corp.'s Katy gas storage facility in Texas and four other gas storage development projects for a cash consideration of $180 million.
Scottish Power plc Annual General Meeting 26 July 2002 Statement 26 July 2002 At today's Annual General Meeting, Ian Russell, Chief Executive, gave an overview of the results for the year to 31 March 2002 together with an overview of ScottishPower's results for the quarter ended 30 June 2002 which were announced on 25 July 2002.
2002/03 1st Quarter Results 25 July 2002 Ian Russell, Chief Executive, said, "I am pleased to report another quarter of improved operational performance giving ScottishPower earnings per share of 6.21 pence, an increase of 27% compared with the first quarter of last year".
NEA Litigation Settled 17 July 2002 British Energy (BE), Scottish Power (SP) and Scottish and Southern Energy (SSE) have agreed revised terms to the Nuclear Energy Agreement (NEA).
Resignation Of ScottishPower Non-executive Director 12 June 2002
Scottish Power plc today announces that Allan Leighton has resigned as a Non-executive Director from its Board with immediate effect to concentrate on his other commitments.
PacifiCorp Granted $40m Recovery in Idaho and Oregon 10 June 2002
ScottishPower announces that on 7 June 2002 the Idaho Public Utilities Commission (IPUC) granted its US subsidiary PacifiCorp $25 million for the recovery of net excess power costs in Idaho, related to the western power crisis in 2000 and 2001.
ScottishPower Plans to Turn Open-cast Mine Into Windfarm and Bird Habitat 24 May 2002
ScottishPower today (Thursday) submitted plans to the Scottish Executive for a Ł70 million windfarm on the site of an abandoned open cast mine at Black Law near the village of Forth in South Lanarkshire.
PacifiCorp Power Marketing, Inc in 25 Year Windpower Deal 17 May 2002
PacifiCorp Power Marketing, Inc. (PPM), a ScottishPower company, has signed another major wind power contract a 25-year deal to supply 25 MW to the Eugene Water & Electric Board (EWEB) in Oregon state.
PacifiCorp Seeks $122m in Wyoming Rate Rise, Cost Recovery 9 May 2002 ScottishPower announces that on 7 May 2002 its US subsidiary, PacifiCorp, filed a rate case with the Wyoming Public Service Commission (WPSC) seeking a total of $122 million in net excess power costs and permanent rate relief.
ScottishPower Wins Another Green Award 9 May 2002
ScottishPower's "green" credentials gained further recognition today when the energy company won a top award for its environmental reporting.
ScottishPower Green Energy Helps Scottish Water Cut Costs 8 May 2002
ScottishPower is to help newly formed Scottish Water deliver its first major cost efficiencies through one of the UK's largest green energy contracts worth Ł31million over 2 years.
PacifiCorp Granted Recovery of $137 Million in Oregon 2 May 2002
ScottishPower announces that on 18 July 2002 the Oregon Public Utility Commission (OPUC) granted its subsidiary, PacifiCorp, an order to recover approximately $137 million.
ADS Dividend Declaration Fourth Quarter 2001-02 1 May 2002 On 1 May 2002 ScottishPower announced in the Company's preliminary results, that the dividend for the fourth quarter ended 31 March 2002 was 6.835 pence per ordinary share.
ScottishPower 2001/02 Preliminary Results Including Fourth Quarter Results to 31 March 2002 1 May 2002 Ian Russell, Chief Executive of ScottishPower, said, "The past year has been difficult for ScottishPower, but results through the second half of the year showed continuing improvement and earnings per share were 45% higher than those in the second half of the previous year.
Scottish Power plc ("ScottishPower") Completion of Sale of Southern Water 23 April 2002
ScottishPower announces that the sale of Southern Water, approved by shareholders at an Extraordinary General Meeting of ScottishPower on 11 April 2002, has been duly completed.
Result of Extraordinary General Meeting Held on 11 April 2002 11 April 2002 On 8 March 2002, ScottishPower announced that it had entered into a conditional agreement to sell Southern Water to First Aqua Limited. Further details of the proposed sale were set out in a circular to shareholders dated 22 March 2002.
Trading Statement 27 March 2002
ScottishPower today made the following statement on trading ahead of entering the closed period for the year ending 31 March 2002. The preliminary results will be announced on 1 May 2002.
Posting of Circular re Sale of Southern Water 25 March 2002 Further to the announcement issued on 8 March 2002 regarding the proposed sale of Southern Water, ScottishPower announces that a circular relating to the sale has been posted to shareholders today.
Result of Extraordinary General Meeting Held on 13 March 2002 13 March 2002 ScottishPower announces that, at the extraordinary general meeting held today at 11:00 a.m., a resolution approving the amendment of the ScottishPower articles of association and authorising the directors to do all that is necessary to effect the demerger of THUS Group plc was passed as a special resolution.
Proposed Sale of Southern Water plc: Announcement of Dividend Policy 8 March 2002
"I am pleased to announce today the successful sale of Southern Water. This is a further important step in focusing ScottishPower as an international energy business and allows us to make a complete exit from the water sector."
Confirmation of THUS Group plc ("THUS") Demerger Share Entitlement 7 March 2002 ScottishPower announces that, following the closing of THUS plc's Ł275 million open offer yesterday, which is expected to become unconditional on 12 March 2002, if the demerger of ScottishPower's interest in THUS proceeds, ScottishPower shareholders will receive 49.97481096 THUS ordinary shares and 1.34942060 THUS participating preference shares.
Analyst Seminar 28 February 2002 ScottishPower is today hosting a seminar in London as part of its ongoing investor relations programme. The specific purpose of this seminar is to provide an opportunity to meet the PacifiCorp management team and for an update on the US business.
ScottishPower and Alfred McAlpine's New Connection to £1.5 Billion Utility Market 27 February 2002
ScottishPower and Alfred McAlpine today launched the UK's first multi-utility service provider, "Core Utility Solutions Limited".
ScottishPower Clarifies Innogy Press Reports 18 February 2002
In the light of press comment linking the two companies, ScottishPower would like to clarify its position regarding Innogy.
ScottishPower Re Earlier Statement 18 February 2002 With respect to its earlier announcement, ScottishPower confirms that it has agreed, in consultation with the Panel, that this statement will not restrict ScottishPower from any course of action with respect to Innogy.
ScottishPower announces the terms and timetable for the proposed demerger of ScottishPower's interest in THUS Group plc ("THUS Group") ("Demerger") 12 February 2002 Proposed demerger of ScottishPower's interest in THUS Group to ScottishPower shareholders on the ScottishPower register of members at 5.00 p.m. on 15 March 2002.
2001/02 Nine Month Results including 3rd Quarter to 31 December 2001 31 January 2002 "I am pleased to report improved results with third quarter earnings per share up by some 37% over the same period last year".
ScottishPower Director Ken Vowles to Retire 24 January 2002 ScottishPower today announces that Ken Vowles, an Executive Director for almost eight years, will retire from the Company on 31 March 2002.
Scottish Power plc ("ScottishPower") Results of Extraordinary General Meeting Held on 21 January 2002 21 January 2002
ScottishPower is pleased to announce that, at the Extraordinary General Meeting held today at 11:00 a.m, the following special resolution was duly passed and the result of the poll on the resolution is shown below.
Update on THUS' Refinancing 18 January 2002 On 19 December 2001 we announced that ScottishPower's listed majority owned subsidiary, THUS plc ("THUS"), had agreed the terms of a refinancing which the board of THUS believes would, if successfully completed, leave it in a position to fully finance its business plan through to the point where it becomes cashflow positive.
ScottishPower Appoints New Non-Executive Director 15 January 2002 ScottishPower today announces the appointment of Philip J Carroll jnr, currently Chairman and Chief Executive Officer (CEO) of Fluor Corporation, as a non-executive director with immediate effect.