Press Releases
California First State to Approve ScottishPower-PacifiCorp Merger
11 June 1999
ScottishPower and PacifiCorp announced 10 June 1999 that the California Public Utilities Commission authorised the approval of the companies' merger application. This marks the achievement of the first of six state regulatory approvals necessary for the merger to be completed. The Commission also noted that it would continue to exercise its regulatory authority over PacifiCorp, thereby ensuring continued protection of the interest of customers.
Ian Russell, Deputy Chief Executive & Finance Director said, "We are pleased that the California Public Utilities Commission has recognised the benefits this merger will bring to PacifiCorp's customers and have authorised the approval of the merger. This announcement marks a significant milestone in the completion of the merger transaction, which we expect to achieve by the end of this year."
Further Information:
Sue Clark, Director of Corporate Affairs 0141 636 4560
Andrew Jamieson, Investor Relations Manager 0141 636 4527