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10/31/2019

PPM Explores Canadian Wind Market

PPM Explores Canadian Wind Market

Click Here  for a PDF version of this press release.

October 17, 2006

PORTLAND, Ore. - PPM Energy, ScottishPower's (NYSE: SPI) competitive U.S. energy business, today announced its intention to expand its wind development activities to Canada through its affiliate PPM Energy Canada.

"We have enjoyed great success to date from our gas storage operations in Alberta," said Terry Hudgens, PPM Energy CEO. "We want to build on this success and leverage our impressive track record of wind development and operations from the US into the Canadian market."

PPM Energy Canada's objective is to build a development portfolio and convert this to operational assets. PPM Energy's initial focus will be on the provinces of Ontario, British Columbia and possibly Quebec. PPM sees this as a natural extension of its successful wind business, bringing its industry leading wind development skills and customer focus to Canada where renewable energy is gaining momentum among Canada's utility companies.

About PPM Energy
PPM Energy (PPM), the U.S. competitive subsidiary of ScottishPower (NYSE: SPI), now has nearly 2000 megawatts of wind energy in operation or under construction. The strength of its renewable project pipeline has allowed the company to increase its 2010 target by more than 50 percent to at least 3,500 megawatts developed or controlled by PPM. PPM balances its supply portfolio with sales to wholesale customers, placing almost all of its output in long-term contracts. Major customers include the cities of Seattle, Sacramento, Eugene, Pasadena, and Anaheim as well as investor-owned utilities such as Xcel Energy and Pacific Gas & Electric Company and the federal Bonneville Power Administration. PPM also creates innovative new products to meet customer needs, such as operations and maintenance services and build-own transfers.

About PPM Energy Canada
PPM Energy Canada (PECL) is an affiliate of PPM Energy and a wholly owned subsidiary of ScottishPower (NYSE: SPI). PECL provides energy management products and services to wholesale customers in Canada.

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

 

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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