ScottishPower owner buys north-west England’s power network for £2.1bn
Parent firm Iberdrola has agreed to buy Electricity North West, which operates the power grid stretching from Carlisle to Manchester and Merseyside.
ScottishPower is to add a large chunk of north-west England’s power grid to its network, after its parent company bought it for £2.1 billion.
Spanish giant Iberdrola, which owns ScottishPower, said on Friday it has agreed to buy 88% of Electricity North West (ENW), which operates the grid from Carlisle down to Manchester and Merseyside.
ENW distributes electricity to almost five million people and has about 60,000km of electricity distribution networks, which will be operated by ScottishPower when the deal goes through.
The Glasgow-based firm will overtake SSE as the second largest distribution network operator in the UK, behind National Grid, serving about 12 million people – just under six million homes – across southern Scotland, northern England and parts of Wales.
