Scottish Power: Press Releases

Press Releases

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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.
ScottishPower Business PPM Plans New US Windfarm 21 November 2002 ScottishPower today (Thursday) announces that its competitive US energy business, PacifiCorp Power Marketing, Inc. (PPM), will expand its 1,000 MW portfolio of wind and gas generation with another 50 MW of new wind power in the Midwestern US.
ScottishPower Unveils Plan for New Argyll Windfarm 20 November 2002 ScottishPower submit plans to Argyll and Bute Council for a Ł20-30 million windfarm at Inverliever near Loch Awe in Argyll. Providing green energy to over 17,500 homes, the windfarm will comprise 22 turbines.
First Section of Improved Borders Electricity Network Goes Live 9 September 2002 ScottishPower switched on the first section of new overhead lines in the Borders today. The commissioning is the first part of ScottishPower's Ł11 million upgrade of the Borders and Berwick electricity network which will reduce the impact of major storms in the region.
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. The acquisition is subject to regulatory review under the Hart-Scott-Rodino Act which is expected to be completed within 60 days and other preconditions to closing. The acquisition is expected to be earnings enhancing in the first full year of ownership.
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. He also commented that trading remains in line with expectations.
PacifiCorp Granted Recovery of $137 Million in Oregon 19 July 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 including on-going carrying charges for the recovery of its excess net power costs in Oregon, related to the western power crisis in 2000 and 2001.
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).
ScottishPower Awarded 'Company of the Year' by HRH Prince Charles 12 July 2002 ScottishPower's commitment to social responsibility received the highest recognition last night as the utility received the 'Company of the Year' award from HRH Prince Charles.
ScottishPower Calls for Robust Reporting on Corporate Social Responsibility 10 July 2002 ScottishPower's Chief Executive Ian Russell today (July 10) called for robust measures to be put in place for businesses to report and benchmark their corporate social responsibility.
Energy Minister Opens UK's Most Productive Windfarm 9 July 2002 Brian Wilson, Minister for Industry and Energy, today (Monday) officially opens ScottishPower's Beinn an Tuirc windfarm in Argyll.
ScottishPower Sets Records with Six Finalists in Top Business Awards 19 June 2002 ScottishPower's community programmes and social business practices received national recognition today as six individual projects were nominated as finalists in the prestigious Business in the Community Awards for Excellence.
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. Mr Leighton, who was recently appointed Chairman of Consignia, joined the ScottishPower Board in January 2001.
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. PacifiCorp originally requested
$37 million, thus resulting in a recovery rate of 68%.
ScottishPower Gets Go-ahead for Windfarm at Cruach Mhor 6 June 2002 ScottishPower's plans for a 35-turbine windfarm at Cruach Mhor were granted planning permission today by Argyll & Bute Council. The Ł20 million medium sized windfarm will produce 29MW of clean, renewable energy - enough to power 17,000 homes.
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. Providing green energy to over 80,000 homes the windfarm will comprise 67 turbines.
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 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 $147 Million in Utah 2 May 2002 ScottishPower announces that on 1 May 2002 the Utah Public Service Commission (UPSC) granted its subsidiary PacifiCorp approximately $147 million for the recovery of its net excess power costs in Utah, related to the western power crisis in 2000 and 2001. PacifiCorp originally requested $205 million so this represents a recovery rate of 72%.
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. The dividend will be payable on 14 June 2002 to shareholders on the register on 10 May 2002.
ScottishPower 2001-02 Preliminary Results Including Fourth Quarter Results to 31 March 2002 1 May 2002 Summary Second half earnings per share* 45% higher than previous year Good recovery underway, particularly driven by improved US performance Full year profit before tax* Ł567 million, down Ł61 million Exceptional items of Ł1.3 billion including goodwill write back of Ł753 million A firm programme for continuing improvement in operational performance Disposals completed: clear strategy to become a leading international energy company
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. This follows the receipt of European Union merger clearance for the sale.
Results of EGM 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.
Scottish Power plc ("ScottishPower") 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.
Results of EGM 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. The result of the poll on the resolution is shown below.
Confirmation of Thus Group plc 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 for every 100 ScottishPower ordinary shares held at 5.00 p.m. on 15 March 2002. The demerger is itself conditional, inter alia, upon the THUS plc open offer becoming unconditional in all respects and the THUS plc scheme of arrangement becoming effective.
How to Switch Energy Company Via The Television 5 March 2002 ScottishPower has become the first UK energy company to launch an interactive television advertisement, giving viewers the opportunity to switch energy suppliers without leaving their armchairs.
ScottishPower Tops Survey 5 March 2002 ScottishPower's emission reduction programme has helped gain the company equal first place in an annual survey of environmental performance of UK businesses by the Business in the Environment organisation.
Analysts 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 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 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 Thus Demerger Terms 12 February 2002 ScottishPower announces the terms and timetable for the proposed demerger of ScottishPower's interest in THUS Group plc ("THUS Group") ("Demerger")
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. ScottishPower today announces that Ken Vowles, an Executive Director for almost eight years, will retire from the Company on 31 March 2002.
ScottishPower Submits Plans for Europes Largest Windfarm 23 January 2002 ScottishPower today (Wednesday) submitted plans to the Scottish Executive for a Ł150 million windfarm at Whitelee Forest, near Eaglesham - comprising around 140 turbines and with the potential to provide green energy to 150,000 homes in west central Scotland.
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. These refinancing arrangements include a new underwritten Ł90 million bank facility with The Royal Bank of Scotland, TD Bank Europe Limited and Socit Gnrale and ScottishPower agreeing to subscribe for approximately Ł275 million of new ordinary shares in THUS.
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.
£150m Scottish-Irish Energy Link Opens New Markets for ScottishPower 8 January 2002 ScottishPower today (Tuesday 01.01.02) began supplying electricity to Northern Ireland as the electricity interconnector between Scotland and the Province went in to commercial operation for the first time.

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