Scottish Power: Press Releases

Press Releases

Our News & Media section includes the latest news headlines from the company, as well as an extensive archive of news releases. Our Library contains a comprehensive list of reports and brochures, presentations and webcasts which you may find useful.

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ScottishPower Appoints New Advisory Board 6 December 2007 Following the successful integration with Iberdrola, ScottishPower today in Edinburgh held the inaugural meeting of its new Advisory Board, made up largely of prominent Scottish public figures. Also present at today’s meeting were the Rt Hon Alex Salmond MP MSP, First Minister of Scotland, and Ignacio Galán, Chairman of Iberdrola and ScottishPower.
Iberdrola Renewables Buys 50% Of Societa Energie Rinnovabili To Develop 350 MW Of Wind Power In Italy 2 November 2007 IBERDROLA Renewables has completed the acquisition of 50% of Societa Energie Rinnovabili, S.p.A. (SER), a joint venture with Italian energy group API Holding, through its API Nova Energia subsidiary, to develop, build and operate 350 MW of wind power in Italy over the next few years.
First Turbines Arrive At Whitelee Windfarm - Another Major Milestone 2 November 2007 ScottishPower Renewables’ construction of Europe’s biggest windfarm has reached another major milestone, with the delivery of the first wind turbines to the site.
Iberdrola Announces Record 9-Month Profit Of €1,613 Million, +30.5% 24 October 2007 Iberdrola Announces Record 9-Month Profit Of €1,613 Million, +30.5%
Iberdrola Projects Investment Programme Of €24 Bln, Net Profit Of More Than €3.5 Billion In 2010 24 October 2007 With the friendly acquisition of ScottishPower completed and that of Energy East initiated, the Company enters a consolidation phase in its international expansion with the Atlantic Area as its main point of reference
This week IBERDROLA topped ‘Climate Leadership Index’ for its response to climate change 28 September 2007 IBERDROLA was singled out as the world’s utility with the best strategy for combating climate change by the Carbon Disclosure Project (CDP).
Scottish Government Planning Approval For World's Largest Generating Capacity Wavefarm 28 September 2007 ScottishPower was today granted planning permission by the Scottish Government for the world’s largest generating capacity wave farm - announced by First Minister Alex Salmond at the opening of the new European Tidal Test Centre in Orkney.
Scottishpower Renewables Opens Wether Hill Windfarm 28 September 2007 ScottishPower Renewables Director, Keith Anderson, today joined pupils from Carsphairn and Moniavie Primary Schools to officially open ScottishPower Renewables’ newest windfarm in Wether Hill.
Iberdrola Board Gives Go-Ahead For Four for One Share Split 26 September 2007 The Board of Directors of Iberdrola, at its meeting held today in Bilbao, has approved the implementation of a four for one split, reducing the nominal value of each share from 3 euros to 0.75 euros.
Iberdrola Agrees To Buy Oregon Cogeneration Unit For €209 Million 13 September 2007 IBERDROLA, through its U.S. subsidiary PPM Energy, has signed an agreement with the city of Klamath Falls in southern Oregon to buy its 506 MW cogeneration plant for €209 million ($290 million).
First Major Wind Project Approved By New Scottish Government 10 September 2007 ScottishPower was today granted final planning consent by the new Scottish Government for Harestanes windfarm, a project of up to 213 MW capacity in Dumfries and Galloway. The Ł200 million, 71 turbine project will provide enough green energy for approximately 120,000 homes.
Excellent Progress For Europe's Largest Windfarm 7 September 2007 A year into construction, Whitelee - Europe’s largest windfarm, is well on schedule with the first turbine due to arrive on site in November.
Iberdrola Renovables select BBVA, Credit Suisse, JP Morgan, Merrill Lynch & Morgan Stanley 6 August 2007 IBERDROLA Renovables has selected BBVA, Credit Suisse, JP Morgan, Merrill Lynch and Morgan Stanley as global coordinators of its market listing, planned for the last quarter of 2007, by means of an Initial Public Offering (IPO).
Iberdrola Posts Record Profit of €1,101.4 million in the First Half of 2007, up 34.7% 25 July 2007 IBERDROLA’s strategic plan last October, based on organic growth and corporate transactions, has begun to bear fruit. With completion on April 23 of the transaction with ScottishPower, which thus consolidated its accounts for just 70 days, the Company achieved record first half profits of €1,101.4 million, a rise of 34.7%.
ScottishPower Announces UK's Largest Energy Crop Plan 19 July 2007 ScottishPower is looking to contract Scottish farmers to produce 250,000 tonnes of energy crops to be burned at Scotland’s two coal fired power stations, Cockenzie and Longannet. The energy crop will displace coal burned in the stations.
Scottish Power PLC - Cancellation of the Listing of B Shares 12 July 2007 Scottish Power plc (“ScottishPower”) announces that the Financial Services Authority has cancelled the listing of ScottishPower’s non-cumulative preference shares of 50 pence each (the “B Shares”) on the Official List, and that the London Stock Exchange has suspended the trading of ScottishPower’s B Shares, with effect from 8.00 a.m. this morning, 12 July 2007.
ScotAsh Scoop National BITC Award 3 July 2007 ScotAsh, Scotlandąs leading manufacturer of green construction products, has fended off competition from Barclays, Lloyds TSB, Redrow and Accenture to scoop a national Business in the Community Award.
Scottish Power PLC - Cancellation of the Listing of its Ordinary Shares 28 June 2007 Scottish Power plc (“ScottishPower”) announces that, following the acquisition by Iberdrola, S.A. of the entire issued ordinary share capital of ScottishPower on 23 April 2007, the Financial Services Authority has cancelled the listing of ScottishPower’s ordinary shares (the “Ordinary Shares”) on the Official List, and the London Stock Exchange has ceased the trading of ScottishPower’s Ordinary Shares, with effect from 8 a.m. this morning, 28 June 2007.
Iberdrola Raises Close to 3.4 Billion Euros in Record Time for the Acquisition of Energy East 27 June 2007 IBERDROLA has completed in record time, the capital increase carried out by an Accelerated Bookbuilt Offer (ABO) for the financing of the friendly acquisition of the U.S. utility Energy East, agreed by both Boards on Monday.
The Board of Iberdrola Unanimously Approves Financing the Acquisition of Energy East 27 June 2007 IBERDROLA will finance the acquisition of the U.S. company Energy East via an accelerated and privately placed capital increase (Accelerated Bookbuilt Offer, ABO). The decision was unanimously approved by the Board.
Scottish Power PLC - Intention to Cancel the Listing of its Ordinary Shares 27 June 2007 Scottish Power plc (“ScottishPower”) announces that, following the acquisition by Iberdrola, S.A. of the entire issued ordinary share capital of ScottishPower on 23 April 2007, it intends to apply to the FSA for the listing of its ordinary shares (the “Ordinary Shares”) on the FSA’s Official List to be cancelled, and to the London Stock Exchange for the Ordinary Shares to cease to be admitted to trading.
ScottishPower Joins European Energy Derivatives Exchange 26 June 2007 ScottishPower today (26 June 2007) announced that it has joined the ENDEX European Energy Derivatives Exchange in order to trade Natural Gas at the Title Transfer Facility (TTF) Trading Hub in the Netherlands. The volume and value of trades at the Dutch hub have increased steadily since it was founded in 2004 and it is now considered one of the key traded gas markets in Europe.
Iberdrola Reaches Friendly Agreement to Acquire 100% of U.S. Utility Energy East 25 June 2007 The Boards of IBERDROLA and US company Energy East, meeting today in Madrid and New York, respectively, have agreed on the integration of Energy East in the Group IBERDROLA, whereby IBERDROLA will acquire 100% of Energy East. The Board of IBERDROLA has unanimously endorsed the proposal of its Chairman and CEO, Ignacio Galán, to make an offer for the US utility, immediately approved afterwards by Energy East’s Board.
Scottish Power Announces Intent to Delist and Deregister Debt Securities 25 June 2007 ScottishPower announced today that it has notified the New York Stock Exchange (the “NYSE”) of its intention to voluntarily delist the following series of its guaranteed debt securities, which are currently listed on the NYSE: (i) 4.910% notes due 2010 in the aggregate principal amount of $550 million; (ii) 5.375% notes due 2015 in the aggregate principal amount of $600 million; and (iii) 5.810% notes due 2025 in the aggregate principal amount of $350 million (collectively, the “Notes”), as well as to terminate the registration of the Notes and the reporting obligations of ScottishPower under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Energy Giant Invests Extra Million to Help Fight Fuel Poverty 20 June 2007 SCOTTISHPOWER today announced that it is quadrupling its investment to Ł4m in a Trust set up to help vulnerable people who are living in fuel poverty.
Ignacio Galán sees the US as "One of the Key Growth Opportunities for the Iberdrola Group" 19 June 2007 The IBERDROLA Chairman said that with the successful completion of the ScottishPower operation, the Group “will continue to expand globally where their presence and opportunities of growth are more significant, building an Atlantic platform”
ScottishPower Price Cuts Take Effect 15 June 2007 ScottishPower price reductions in gas and electricity became effective today with cuts of 16.5% in gas and 6% in electricity, taking the typical direct debit bill down Ł75 to Ł836 per year.
Ignacio Galán Named Best CEO in European Energy Utility Sector 14 June 2007 IBERDROLA Chairman Ignacio Galán, has been named best executive (CEO) in the European utilities sector for the fifth consecutive year by Institutional Investor magazine, based on a survey of buy-side and sell-side analysts.
SCOTTISH POWER PLC – INTENTION TO CANCEL THE LISTING OF ITS B SHARES AND IMPLEMENT A ROLLING REPURCHASE PROGRAMME 14 June 2007 Scottish Power plc (“ScottishPower”) announces that it intends to request the cancellation of the listing (the “Delisting”) on the London Stock Exchange of all of its non-cumulative preference shares of 50 pence each (the “B Shares”) and to implement an off-market rolling share repurchase programme for all outstanding B Shares (the “B Share Rolling Repurchase Programme”).
ScottishPower Wins 10 Business in the Community Awards 1 June 2007 ScottishPower was presented with 10 ‘Big Tick’ Awards, including the prestigious Large Company of the year by HRH Prince Charles at last night’s Scottish Business in the Community Awards for Excellence in Edinburgh.
Scottish Power plc - Repurchase Offer for B Shares 31 May 2007 Further to the announcement on 30 May 2007 in relation to the repurchase offer (the “Second Repurchase Offer”) to be made by Morgan Stanley Securities Limited (“Morgan Stanley”) on behalf of Scottish Power plc (“ScottishPower”) for ScottishPower non-cumulative preference shares (“B Shares”), ScottishPower announces that valid elections to accept the Second Repurchase Offer were received in relation to 5,315,091 B Shares (41 per cent. of issued B Shares).
Scottish Power plc - Repurchase Offer for B Shares 30 May 2007 Further to the announcement made on 3 May 2007 in relation to the repurchase offer (the “Second Repurchase Offer”) to be made by Morgan Stanley Securities Limited (“Morgan Stanley”) on behalf of Scottish Power plc (“ScottishPower”) for ScottishPower’s non-cumulative preference shares (“B Shares”), ScottishPower announces that valid elections to accept the Second Repurchase Offer were received in relation to 5,315,091 B Shares (41 per cent. of the issued B Shares).
ScottishPower reaction to Government's White Paper 23 May 2007 Welcoming the Energy White Paper published today, ScottishPower Chief Executive José Luis del Valle said: “It is a considered and comprehensive report. I am pleased to see the Government taking a serious and consultative approach to the major energy issues we face.
IBERDROLA To List Shares In 20% Of Its Renewable Energy Subsidiary 22 May 2007 IBERENOVA will thus obtain financing for future growth and development without affecting financial strength of the IBERDROLA group, thus meeting one of its key strategic objectives.
ScottishPower Plans Europe's Biggest Clean Coal Project 17 May 2007 ScottishPower today (17 May) unveiled a feasibility study to convert its two biggest power stations to clean coal technology in what would be the largest project of its type in Europe.
Iberdrola Acquires UK Regasification Capacity of up to 2.75 Billion Cubic Metres 17 May 2007 IBERDROLA has signed a contract with Britain’s National Grid plc to obtain annual regasification capacity of up to 2.75 bcm starting in October 2010.
ScottishPower & Hammerfest Strøm Form Pioneering Tidal Company 14 May 2007 ScottishPower and Norwegian technology company Hammerfest Strřm have set up a new tidal power company Hammerfest UK utilising devices of Hammerfest Strřm. The new company will help Scotland to deploy its considerable tidal power resources for the benefit of the environment, and for the Scottish economy and jobs.
Iberdrola Carries out a Second Capital Increase, of €424 Million 11 May 2007 IBERDROLA today increased its share capital by 12,945,379 new shares, equivalent to €423.96 million, which are expected to commence trading on the Spanish continuous market tomorrow 11 May with the IBE.SM symbol.
The Desafío Español 2007 qualifies for the semifinals! 9 May 2007 On May 7th, Desafío Espańol 2007 qualified for the semifinals of the Louis Vuitton Cup. For the first time in the history of the America’s Cup a Spanish team has qualified among the four finalists of the most prestigious competition in the world.
Suzlon announces 400-MW deal with PPM Energy 4 May 2007 Suzlon Wind Energy Corporation, the US-based subsidiary of Suzlon Energy A/S of Denmark, has signed a contract for a total of 400 MW of wind turbine capacity with PPM Energy of Portland, Oregon, one of the largest wind power developers in North America.
Scottish Power plc - B Shares Declaration of Dividend and Second Repurchase Offer 3 May 2007 Scottish Power plc ("ScottishPower") announces that the dividend on its non-cumulative preference shares of 50 pence each (the "B Shares") in respect of the period 22 May 2006 to 28 May 2007 will be 13.3 pence per B Share (the "B Share 2007 Dividend") (such dividend being calculated in accordance with ScottishPower’s articles of association).
ScottishPower Announced Energy Price Cuts of up to 16.5% 30 April 2007 ScottishPower today announced energy price cuts for domestic customers and launched one of the cheapest dual fuel products in the UK market1. From 15 June gas prices will drop by up to 16.5% and electricity by up to 6%, taking the typical direct debit bill down Ł75 to Ł836 per year.
Iberdrola is now one of the world's largest electricity companies 26 April 2007 GROWTH: With an enterprise value of more than €67 billion and a project pipeline in renewables of 37,700 MW, the combination of Iberdrola and ScottishPower represents a platform for future growth in Europe and the Americas
Ignacio Galán named new Chairman of ScottishPower 25 April 2007 The Board of ScottishPower today approved the appointment of Ignacio Galán, Chairman and CEO of IBERDROLA, as the new Chairman of the Scottish company and of the Board Member José Luis del Valle, Director of Strategy and Development of IBERDROLA, as its new CEO.
Scottish Power plc - Announcement of Changes to the Board 25 April 2007 The Board of Scottish Power (the “Board”) announces that it has appointed Ignacio Sánchez Galán, José Luís del Valle Doblado, José Luís San Pedro Guerenabarrena, José Sainz Armada, Fernando Becker Zuazua, Francisco Javier Morras Zuazo and José Miguel Alcolea Cantos as Directors of Scottish Power with immediate effect.
New Iberdrola Shares Start Trading Tomorrow 24 April 2007 Tomorrow, the 245,225,982 new shares of IBERDROLA, issued in the context of the capital increase required to meet the terms of the recommended offer for ScottishPower, will commence trading on the Spanish continuous market at 9am local time. This follows final approval of the transaction by the Court of Session in Edinburgh.
Iberdrola-ScottishPower Transaction Takes Effect 23 April 2007 IBERDROLA and ScottishPower have completed the transaction signed on November 27 of last year, following sanction as required under UK legislation (Companies Act 1985) at the meeting of the Court of Session held this afternoon in Edinburgh.
ScottishPower plc - Results of the mix and match elections and loan note alternative announced 23 April 2007 The Board of Scottish Power plc (“ScottishPower”) today announces the results of the Mix and Match Elections and the Loan Note Alternative.
ScottishPower Wins Best FTSE 100 Website Award 20 April 2007 At the recent 2007 Investor Relations Best Practice Awards, The Investor Relations Society awarded ScottishPower "Winner of Best Website of the FTSE 100 Companies."
ScottishPower plc - Sanction of the scheme of arrangement by the court of session, Edinburgh 19 April 2007 The Board of Scottish Power plc (“ScottishPower”) announces that the Court of Session, Edinburgh, Scotland (the “Court”) today approved the reorganisation of capital comprised within the Scheme of Arrangement (the “Scheme”) to effect the offer by Iberdrola, S.A. (“Iberdrola”) for ScottishPower. The Scheme and its implementation were approved by ScottishPower’s shareholders on 30 March 2007 at the Court Meeting and the ScottishPower EGM. Following such sanction by the Court, options in respect of 4,088,767 ordinary shares have been exercised and such shares have been issued or transferred today.
Results of the Court Meeting and ScottishPower EGM 30 March 2007
SHAREHOLDER APPROVAL OF RECOMMENDED OFFER BY IBERDROLA, S.A., INFORMATION ON DELIVERY OF CONSIDERATION TO ADS HOLDERS, ANNOUNCEMENT OF PRELIMINARY RESULTS
Iberdrola Offer: Final US Regulatory Approval now received 12 March 2007 The final regulatory hurdle in Iberdrola’s offer for ScottishPower has been cleared with the approval from the State of New York Public Service Commission.
Recommended Offer by IBERDROLA, S.A. for Scottish Power PLC 26 February 2007 Scottish Power plc (“ScottishPower”) announces that it will commence posting later today to ScottishPower shareholders and ADS holders of the document (the “Scheme Document”) detailing the scheme of arrangement (the “Scheme”) relating to the recommended offer (the ”Offer”) by Iberdrola, S.A. (“Iberdrola”) to acquire the entire issued share capital of ScottishPower. The court meeting and extraordinary general meeting of ScottishPower shareholders to approve the Scheme will be held on 30 March 2007. These documents are also now available in the Iberdrola section of this website.
ScottishPower to Build World's Biggest Wave Project off Orkney 20 February 2007 ScottishPower, working closely with the Scottish Executive, today announced a Ł10m wave power project designed to push Scotland to the forefront of global marine energy development.
ScottishPower Trade Unions Visit Iberdrola in Spain 15 February 2007 From 5th to 8th of February a delegation of trade union representatives from ScottishPower visited Spain to meet with both Iberdrola management and Spanish trade union colleagues.
Important Customer Service Milestone 1 February 2007 ScottishPower has confirmed it has made significant progress in driving customer service standards.
Celtic Connections - sponsored by ScottishPower - breaks all previous box office records!! 30 January 2007 ScottishPower are the new principal sponsor of Celtic Connections, the Glasgow music festival which takes place from 17 Jan - 4 Feb 2007 in a number of venues in Glasgow City Centre.
ScottishPower Brings Al Gore's 'An Inconvenient Truth' to Schools 18 January 2007 Former US President Al Gore’s climate change film, An Inconvenient Truth, will be shown in all of Scotland’s Secondary Schools this year thanks to an initiative from ScottishPower and the Scottish Executive.

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