EX-99.3 4 dex993.htm CAPITALIZATION RATION OF SCOTTISHPOWER Capitalization Ration of ScottishPower

Exhibit A-3

 

The capitalization ratio of ScottishPower under US GAAP as of 30 June 2004 is as follows:

 

Narrative

    In Millions ($)
    % of
Capitalization
  

Common Stock Holders Funds

    10,578    53 %

Short term debt

    995    5 %

Long term debt

    8,365    42 %

Total Capitalization

    19,938    100 %