Iberdrola Canada Energy Services Ltd. Credit Information
Iberdrola Canada Energy Services Ltd. (formerly PPM Energy Canada Ltd.) is part of the IBERDROLA, S.A. family of companies operating wind, power and gas storage assets in North America. Iberdrola Canada Energy Services Ltd. is a wholly-owned subsidiary of Scottish Power plc and an indirect, wholly-owned subsidiary of IBERDROLA, S.A. IBERDROLA, S.A. is one of the five biggest electricity companies in the world, operating gas and electricity businesses in 28 countries.
Credit Support for Iberdrola Canada Energy Services Ltd. is through Scottish Power Finance (US), Inc. ("SPF(US)"). SPF(US) is incorporated under the laws of the State of Delaware, and is a wholly-owned, indirect subsidiary of Scottish Power Ltd. Click here for the most recent ScottishPower financial information. (For ScottishPower 2006-2007 financial information, click here.)
IBERDROLA recognizes the importance of maintaining appropriate credit ratings in Scottish Power Finance (US), Inc. and Scottish Power Ltd. as required to support its continued growth throughout Canada. Click here for IBERDROLA, S.A. group financial information.
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At present, SPF(US) holds no assets and no liabilities, but is backed by the full support of Scottish Power Ltd., which has provide a guaranty to SPF(US). Standard & Poor's (S&P) and Moody's Investor Service ("Moody's) have reviewed this guaranty. On this basis, S&P has issued a corporate credit rating (CCR) of 'A-' with a stable outlook and Moody's has assigned an Issuer credit rating of 'A3' with a stable outlook.
back to topCredit Risk Management Contacts
Contact any of the following individuals regarding Iberdrola Canada Energy Services Ltd. credit information:
Annette Sturgill
Director of Credit Risk
Phone: (503) 241-3214; Fax: (503) 796-6902
Toby Harrington
Credit Manager
Phone: (503) 241-3215; Fax: (503) 796-6902
Erica Kang
Primary Margin & Collateral Contact
Phone: (503) 241-3203; Fax: (503) 796-6902
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