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 ScottishPower financial information.
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.
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Contact any of the following individuals regarding IBERDROLA Canada Energy Services Ltd. credit information:
Craig Ward
Director of Credit Risk
Phone: (281) 379-7416; Fax: (281) 379-7444
Annette Sturgill
Credit Manager
Primary Renewable Energy Contact
Phone: (503) 241-3214; Fax: (503) 796-6902
Erica Kang
Senior Credit Analyst
Primary Guaranty Contact
Gas Desk
Phone: (503) 241-3203; Fax: (503) 796-6902
Toby Harrington
Senior Credit Analyst
Primary Margin Contact
Power Desk & REC Transactions
Phone: (503) 241-3215; Fax: (503) 796-6902
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