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10/31/2019

ScottishPower's Canadian Operations Changes Name to PPM Energy Canada Ltd.

ScottishPower's Canadian Operations Changes Name to PPM Energy Canada Ltd.

Click Here  for a PDF version of this press release.

July 15, 2005

CALGARY, Alberta, Canada – PacifiCorp Energy Canada Ltd.,  part of the ScottishPower (NYSE: SPI, LSE: SPW) group of companies, has changed its name to PPM Energy Canada Ltd., effective at close of business on July 15, 2005, to more closely resemble the name of ScottishPower’s US competitive business -- PPM Energy, Inc.  There is no change in company management or personnel and all contractual obligations, credit, and all other underlying support continues without interruption.

PPM Energy Canada trades physical and financial gas throughout Canada and to  various markets in the United States.  ENSTOR, a division of PPM Energy Canada, is the operator and majority owner of the Alberta Hub Gas Storage Facility, strategically located in the Western Canadian Sedimentary Basin.

“We are still the same people continuing to build on our reputation of providing superior products and services in our gas trading and storage businesses – just with a new name,” said Mark Tumbach, president of PPM Energy Canada Ltd..

PPM Energy Inc. is ScottishPower’s competitive energy business in the United States.  PacifiCorp is ScottishPower’s US regulated business.   On May 24, 2005, ScottishPower announced plans to sell the US regulated utilities of PacifiCorp to MidAmerican Energy Holdings Company in the coming year

For official documentation of the name change, click here to download a copy of the Certificate of Amendment.

 

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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