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BUSINESS
November 29, 2006 | From Bloomberg News
Iberdrola, Spain's second-largest power company, agreed Tuesday to buy Scottish Power for 11.6 billion pounds ($22.6 billion), increasing its electricity production by almost a third and adding plants in Britain and North America. Iberdrola, the world's largest producer of electricity from wind, will increase its renewable-power capacity 48% with the purchase as European governments tighten limits on carbon dioxide emissions.
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SPORTS
May 24, 2007 | Grahame L. Jones, Times Staff Writer
One of Scotland's storied soccer teams -- there are only two with genuine pedigree -- this week paid a flying visit to Los Angeles, where Rangers did just enough Wednesday night to defeat the Galaxy, 1-0, in front of an announced Home Depot Center crowd of 15,295. The friendly game's only goal came from the expected source, Kris Boyd, whose 20 goals in the European season just ended made him the Scottish Premier League's top scorer.
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BUSINESS
December 8, 1998 | From Reuters
Scottish Power, aiming to become the first foreign company to buy a major U.S. utility, said Monday it agreed to pay about $7.8 billion in stock for PacifiCorp. The deal, which values Portland, Ore.-based PacifiCorp at about $12.8 billion including the assumption of about $4.9 billion in debt, comes amid rapid consolidation in an industry being deregulated around the world. It also follows PacifiCorp's own failed bid to acquire a British utility, Energy Group, earlier this year.
BUSINESS
November 29, 2006 | From Bloomberg News
Iberdrola, Spain's second-largest power company, agreed Tuesday to buy Scottish Power for 11.6 billion pounds ($22.6 billion), increasing its electricity production by almost a third and adding plants in Britain and North America. Iberdrola, the world's largest producer of electricity from wind, will increase its renewable-power capacity 48% with the purchase as European governments tighten limits on carbon dioxide emissions.
BUSINESS
May 30, 1996
Water Utility Gets Another Bidder: The British power supplier kicked off a battle for one of Britain's big water companies by making a $2.42-billion takeover offer. Analysts said the bid is unlikely to be enough to deter utility giant Scottish Power, which Tuesday offered $2.36 billion.
NATIONAL
December 28, 2002 | From Times Wire Services
A winter storm whipped the coasts of Oregon and Washington on Friday, dumped snow in the western mountains and knocked out power to thousands of people before sweeping north into Canada. One child was killed. More than 300,000 homes and businesses were without power at the height of the storm, when wind gusted to 45 mph in the Puget Sound region. The strongest gust -- 128 mph -- was recorded at White Pass, Wash., in the Cascades.
SPORTS
May 24, 2007 | Grahame L. Jones, Times Staff Writer
One of Scotland's storied soccer teams -- there are only two with genuine pedigree -- this week paid a flying visit to Los Angeles, where Rangers did just enough Wednesday night to defeat the Galaxy, 1-0, in front of an announced Home Depot Center crowd of 15,295. The friendly game's only goal came from the expected source, Kris Boyd, whose 20 goals in the European season just ended made him the Scottish Premier League's top scorer.
BUSINESS
September 6, 2005 | From Times Wire Services
European shares closed at their strongest levels in about two weeks Monday as takeover talk fueled a rally in utilities such as Spain's Endesa and Britain's Scottish Power. Endesa rallied nearly 3% after a source familiar with the situation said Spain's Gas Natural would attempt a takeover of the country's leading utility. Shares in Endesa and Gas Natural were suspended in the session. Scottish Power was among the biggest gainers in the sector and rose 4%, stoked by a weekend newspaper report that German utility E.ON had hired an investment bank to advise it on a potential bid for the firm.
BUSINESS
December 7, 1998
* In a surprise move to halt deflation and revive economic growth, the People's Bank of China, the central bank, cut interest rates on deposits and loans by 0.5 percentage point, Chinese media reported. * ScottishPower confirmed it was in talks to buy Oregon-based PacifiCorp. British media reports valued the deal at $12 billion.
BUSINESS
May 26, 2005 | From a Times Staff Writer
PPM Energy, a subsidiary of Scottish Power, said it would build a 150-megawatt wind farm in Northern California's Solano County for $235 million. The project, which would generate enough power to serve 112,500 homes, is expected to be completed late this year. PPM said it acquired the fully permitted project from an affiliate of EDF Energies Nouvelles of France for an undisclosed amount.
BUSINESS
September 6, 2005 | From Times Wire Services
European shares closed at their strongest levels in about two weeks Monday as takeover talk fueled a rally in utilities such as Spain's Endesa and Britain's Scottish Power. Endesa rallied nearly 3% after a source familiar with the situation said Spain's Gas Natural would attempt a takeover of the country's leading utility. Shares in Endesa and Gas Natural were suspended in the session. Scottish Power was among the biggest gainers in the sector and rose 4%, stoked by a weekend newspaper report that German utility E.ON had hired an investment bank to advise it on a potential bid for the firm.
NATIONAL
December 28, 2002 | From Times Wire Services
A winter storm whipped the coasts of Oregon and Washington on Friday, dumped snow in the western mountains and knocked out power to thousands of people before sweeping north into Canada. One child was killed. More than 300,000 homes and businesses were without power at the height of the storm, when wind gusted to 45 mph in the Puget Sound region. The strongest gust -- 128 mph -- was recorded at White Pass, Wash., in the Cascades.
BUSINESS
December 8, 1998 | From Reuters
Scottish Power, aiming to become the first foreign company to buy a major U.S. utility, said Monday it agreed to pay about $7.8 billion in stock for PacifiCorp. The deal, which values Portland, Ore.-based PacifiCorp at about $12.8 billion including the assumption of about $4.9 billion in debt, comes amid rapid consolidation in an industry being deregulated around the world. It also follows PacifiCorp's own failed bid to acquire a British utility, Energy Group, earlier this year.
BUSINESS
May 30, 1996
Water Utility Gets Another Bidder: The British power supplier kicked off a battle for one of Britain's big water companies by making a $2.42-billion takeover offer. Analysts said the bid is unlikely to be enough to deter utility giant Scottish Power, which Tuesday offered $2.36 billion.
BUSINESS
December 14, 1998 | Times Wire Services
New England Electric System said it will be acquired by National Grid of Britain for about $3.2 billion in cash and assumed debt, the second purchase of a U.S. utility by a British power company in a week. The deal includes the assumption of $1 billion in New England Electric debt. National Grid operates Britain's electricity transmission network. New England Electric, based in Westboro, Mass., is the state's largest electricity distributor. Neither firm would comment.
BUSINESS
December 24, 2005 | From Bloomberg News
MidAmerican Energy Holdings Co., controlled by billionaire investor Warren Buffett, reached a settlement with Oregon consumer groups and state regulatory staff members that would allow the company's purchase of PacifiCorp to proceed. MidAmerican needs the approval of Oregon and federal regulators to complete its $5.1-billion purchase of Portland, Ore.-based PacifiCorp from Scottish Power, which was announced in May.
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