While addressing an audience of 650 Iberdrola employees, company CEO Ignacio Galan has said that the proposed merger with ScottishPower was "a new milestone" that will be "beneficial for the workers of both companies."

Mr Galan said, the resulting group will offer us new opportunities and great possibilities for professional development on all the markets on which we are present, adding a new dimension and boost to training to ensure that the company’s growth focuses on the growth of the individuals on which it is based.

Meanwhile, the CEO commented that Iberdrola has more than fulfilled the objectives it set in its strategic plan for 2002 to 2006, increasing the power installed and the production of electricity by 80%, the energy distributed by 40% and the supply quality in Spain by 30%.