ScottishPower

ScottishPower Ltd.

Type	Subsidiary
Industry	Electricity generation, transmission, distribution, retailing
Founded	1990
Headquarters	Glasgow, Scotland
Key people	Ignacio Sanchez Galan (Chairman) Keith Anderson (CCO)
Products	Electricity and Natural gas
Revenue	£5,446.1 million (2006)
Operating income	£869.7 million (2006)
Net income	£507.7 million (2006)
Number of employees	9,953 (2006)
Parent	Iberdrola
Website	www.scottishpower.com

ScottishPower Ltd. is a vertically integrated energy company with its headquarters in Glasgow, Scotland. It was once a constituent of the FTSE 100 Index but in 2006 it became a subsidiary of the Spanish utility Iberdrola.

ScottishPower is the distribution network operator for central and southern Scotland, Merseyside and North Wales. It is also the Transmission Owner for the south of Scotland. The company also supplies electricity and gas to homes and business around the United Kingdom and generates power for supply to the grid. It owns PPM Energy in the United States.

ScottishPower was formed in 1990, in preparation for the privatisation of the previously state owned Scottish electricity industry the following year. Previously the UK government had privatised the English and Welsh electricity industry by splitting the market into 12 regional electricity companies (RECs) and two power generators. However, in Scotland, the industry was already organised on an integrated generation, distribution and supply basis, and this integration survived the privatisation to become a model for the rest of the United Kingdom. ScottishPower was largely formed from the larger of the two Scottish electricity boards, the South of Scotland Electricity Board, whilst the other, the North of Scotland Hydro Board, eventually became part of the Scottish and Southern Energy Group (the nuclear power stations in Scotland were spun off into a third company, Scottish Nuclear, which was not sold off with ScottishPower and Scottish Hydro Electric, but was sold later as part of British Energy).