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25 July 2003 - Better than expected trading results from US activities were the main contributing factor to a 48 per cent rise in first quarter results from utility group Scottish Power. Profits for the quarter were £170.7m ($275.9m) compared with £115.4m for the same period in 2002.

Scottish Power operates in six states and had suffered losses arising from the Californian power crisis. Recent warm weather and increased use of air conditioning during the three months ending June has lifted US operating profit before goodwill by 34 per cent to £169m, 63 per cent of group operating profit.

Ian Russell, chief executive, warned that it was too early to assume that the growth would continue into the following quarter. He said that all divisions had reported improved performance. UK electricity generation and supply had produced a £10m operating profit and had added 100 000 new customers.

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