Press Releases
PacifiCorp Granted $40.5 Million Revenue Increase in Utah
11 September 2001
ScottishPower announces that on 10 September 2001 the Utah Public Service Commission (PSC) granted its US subsidiary, PacifiCorp, a $40.5 million revenue increase. This decision sets new revenues about 5.1% higher than previous base levels. The award is $29.5 million lower than the annual $70 million interim revenue award made in February 2001. As a result PacifiCorp is required to refund approximately $22 million of revenue collected from February to October when the PSC will address tariffs for each customer class. Based on the outcome of this order, PacifiCorp is reviewing options for reconsideration and appeal.
In addition to setting the revenue increase above, the order also reaffirmed the allowed return on equity as being 11%.
Further information:
Andrew Jamieson, Head of Investor Relations 0141 636 527
Colin McSeveny, Group Media Relations Manager 0141 636 4515