ScottishPower today announced that its US competitive subsidiary, PPM Energy (PPM), has added up to 103 MW of wind power to its portfolio in two separate projects. Both include long-term supply contracts with regional utility customers and are expected to be completed by the end of 2003.

One is a 50-50 joint venture with Shell Wind Energy for up to 162 MW being built in southeastern Colorado. PPM's share of the windfarm will be 81 MW. The Colorado Green windfarm the largest in the state is being built by GE Wind Energy. The project's energy and environmental benefits have been sold forward by the joint venture under a 15-year agreement to Public Service Company of Colorado, a subsidiary of Xcel Energy.

The total project cost including financing is expected to be approximately $210 million, and will be funded by approximately 40% equity and 60% limited recourse project debt.  PPM's equity contribution at the full construction level is $42 million.  PPM has an option to expand the project by a further 200 MW.

PPM also reports it is building and will own a 22 MW windfarm called Mountain View III near Palm Springs in southern California. In a related development, PPM has sold 25 MW of power from its wind portfolio, including all of the output from Mountain View III, to San Diego Gas & Electric under a 15-year contract.

The addition of these two wind farms increases PPM's wind total wind resource to about 830 MW by the end of 2003.  PPM has a goal of bringing on line approximately 2,000 MW of new wind power by 2010.

Further information:

Colin McSeveny           Group Media Relations Manager             0141 636 4515

Andrew Jamieson         Head of Investor Relations                    0141 636 4527