EX-99.3 4 dex993.htm CAPITALIZATION RATIO OF SCOTTISHPOWER CAPITALIZATION RATIO OF SCOTTISHPOWER

Exhibit A-3

 

The capitalization ratio of ScottishPower under US GAAP as of 31 December 2004 is as follows:

 

Narrative

    In Millions ($)
    % of Capitalization
  

Common Stock Holders Funds

    11,336.6    54 %

Short term debt

    825.9    4 %

Long term debt

    8,738.0    42 %

Total Capitalization

    20,900.5    100 %