ScottishPower restructures:

UK multi-utility ScottishPower is to create a new holding company in a move which it believes will assist in gaining regulatory approval in the USA for its proposed merger with PacifiCorp. The holding company will ensure separation of the parent company, its existing trading activities and PacifiCorp. In February a political obstacle to the merger was removed when a bill to give the Utah legislature and governor the final say in the deal was dropped.