Scottish Power mulls 1 bln usd wind sale.

Philip Bowman, the new chief executive of Scottish Power PLC, is to review the future of its US wind power and gas storage division PPM Energy in a move which could signal the 1 bln usd plus sale of the business, The Independent said based on an interview with Bowman.

In his first interview since taking over at Scottish Power two weeks ago, Bowman told the newspaper that PPM would become something of an ‘orphan’ once the sale of PacifiCorp to Warren Buffett was complete and highlighted the substantial amounts of investment that would be required if it was retained within the group.