ScottishPower announced today that Judi Johansen, President and CEO of its US regulated business PacifiCorp and ScottishPower Board member, is leaving the company after the completion of its sale to MidAmerican Energy Holdings Company (MidAmerican) in 2006.

Ms Johansen joined PacifiCorp in December 2000 as Executive Vice President of Regulation and External Affairs. In June 2001 she became President and CEO of PacifiCorp and was appointed to the ScottishPower Board in October 2003.

Ian Russell, Chief Executive of ScottishPower said, "Judi has made a significant contribution to our business over the past five years. We appreciate her commitment to remain until the completion of the transaction.  This will facilitate a smooth and effective transition over the next few months as the transaction comes to a close."

The transaction, which was announced on May 24th, 2005 is proceeding on schedule.  Settlement agreements have been filed with the California Public Utilities Commission, Idaho Public Utilities Commission and the Utah Public Service Commission; all are subject to Commission approval. As previously announced, we expect the sale of PacifiCorp to be completed between May and November 2006 and upon completion this will enable us to return approximately £2.5 billion to shareholders.

The transaction is also still subject to clearance by the Oregon Public Utility Commission, Washington Utilities and Transportation Commission, Wyoming Public Service Commission and the Nuclear Regulatory Commission. Clearance for the transaction under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 was achieved on October 7th, 2005 and approval from the Federal Energy Regulatory Commission was received on December 15th,  2005.

 

Further Information:

David Ross                   Group Investor Relations Manager              0141 566 4853

Colin McSeveny           Director of Media Relations                         0141 636 4515