scottish power

ScottishPower Plc is an energy company headquartered in Glasgow, Scotland. It owns the National Grid system in the south of Scotland, supplies electricity and gas to homes and business around the United Kingdom, and generates power for supply to the grid. It also owns PPM Energy in the United States. ScottishPower is quoted on the London Stock Exchange as part of the FTSE 100 Index, and has a secondary listing on the New York Stock Exchange. Scottish Power.

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 of 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, ScottishNuclear, which was not sold off with ScottishPower and Scottish Hydro Electric, but was sold later as part of British Energy). 19-Jan-2006 its 50% stake in Core Utility Solutions to Scottish Power for £10m.