Results for the six months ended 30 September 2006:

For the full Interim Results statement including accounts in pdf format, please click here.

• Energy Networks adjusted operating profit £245m* - up £4m
  Regulated revenue growth, strong cost management and improved network performance
  
• Energy Retail & Wholesale adjusted operating profit £216m* - up £126m
  Strong generation returns particularly from coal, and benefits from our forward commodity procurement strategy. Also delivering improved customer service, better debt management and initiatives to help the 'fuel poor'
  
• PPM Energy adjusted operating profit £68m* - up £58m
  Benefiting from wind development activities and good growth in gas storage and energy management
  
• Cash generated from operations increased by £421m to £600m after £102m special contribution to pension fund
  Strong operational performance and working capital improvements
  
• Capital investment of £460m; 60% for growth principally in UK and US wind farms
  

Philip Bowman, ScottishPower Chief Executive, said:

"These are excellent results and the first reported from the newly restructured and re-focused ScottishPower, since the sale of PacifiCorp in March this year. They demonstrate the transformation of the Group and the benefits of the actions we have taken to enhance operational performance and generate attractive returns from our investment programme. As a result, we have achieved strong performances across all business areas, particularly from the Energy Retail & Wholesale business and PPM Energy. In addition, our increased focus on cash generation and better working capital management is already delivering results with an additional £421 million of cash from operations during the period."

Note: Items marked * throughout this document represent our reported results adjusted to: exclude the effects of certain IAS 39 remeasurements; exclude exceptional items in relation to 2005/06; and to include depreciation charges in relation to PacifiCorp incurred from 24 May 2005 to 30 September 2005. Further details, are given in the Financial Review section on page 9.

For further information:

Media enquiries:
Colin McSeveny, Media Relations Director +44 (0) 141 636 4515
Anthony Cardew, Cardew Group +44 (0) 20 7930 0777

Investor enquiries:
Peter Durman, Investor Relations Director +44 (0) 141 636 4527

Presentation material:
The results presentation will be available on the corporate website from 09.00 (UK time) on Tuesday 14 November 2006.

Presentation webcast/audio broadcast:
A live webcast of the presentation to analysts will be available on the investor relations section of the corporate website at 09.30 (UK time) on Tuesday 14 November. A recording of the webcast will be available from around 14.00 (UK time).

A live audio broadcast of the presentation and question and answer session will also be available. The presentation can be accessed by dialling:

UK: 0500 551 077
International: +44 (0)20 7162 0025
US/Canada: 1 877 491 0064

Conference call:

A conference call will be held for analysts and investors at 16.00 (UK time) on Tuesday 14 November. The call can be accessed by dialling:

UK: 0800 953 1444
International: +44 (0)1452 561 365
US/Canada: 1 866 220 1431

A recording of the conference call will be available until 21 November 2006:

International: +44 (0)1452 550 000 Access code: 9341258#

Photography:
Photographs will be sent to picture desks on Tuesday 14 November. Photograph enquiries should be directed to +44 (0)141 636 4557.