ScottishPower, which is owned by Spanish utility Iberdrola SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Iberdrola-ES0144580Y14" target="_blank">BME:IBE</a>), has secured a GBP-1.35-billion (USD 1.8bn/EUR 1.57bn) financing package for UK grid upgrades.