Scottish Power Limited (ScottishPower) is part of the IBERDROLA Group of Spain, one of the world’s largest electricity utilities by market capitalisation. The Group employs more than 33,000 people in 40 countries worldwide, with operations concentrated in the Atlantic region, including the Iberian Peninsula, the UK, the United States and Latin America.

IBERDROLA is the world leader in renewable energy, but in 2007, ScottishPower Renewables became part of IBERDROLA Renovables and while it remains a sister company to Scottish Power Ltd, as we are both part of the IBERDROLA Group, it is a separate legal entity.

During 2010 ScottishPower had three main business divisions:

Energy Wholesale – operates a diverse generation fleet with a capacity of 6,000 MW, plus gas storage, and trades energy commodities and carbon

Energy Networks – owns and operates our electricity transmission and distribution networks in south and central Scotland, Merseyside, Cheshire and North Wales

Energy Retail – supplies customer services to 5.2 million electricity and gas customers across the UK

We also continued to operate several joint ventures and subsidiaries. These include SWM Ltd, a wholly owned subsidiary of our Energy Wholesale business that operates a sludge drying facility near Glasgow and ScotAsh Ltd, a 50:50 joint venture with Lafarge Cement UK, which processes power station ash into products for the construction industry.

ScottishPower’s headquarters continues to be located at: 1 Atlantic Quay, Glasgow, G2 8SP.

Key Statistics

At the end of December 2010 our key statistics were:

8,039 employees

5,234,309 electricity and gas customers

3.48 million electricity connections

6,139 MW of generation capacity

117,223 of underground cables and overhead lines

Turnover of £7,134 million

Net profit of £527 million

Procurement spend of £5,511 million

Community investment of £3.4 million