ENERGY group Scottish Power will benefit by £20m a year from the early termination of electricity contracts with rival Scottish and Southern Energy (SSE).
Scottish Power said it had conditionally agreed to end the agreements, which have been in place since privatisation in 1991.
Scottish Power said the deals had forced it to pay an above market rate for electricity produced by SSE's Peterhead station until 2012, and by SSE's hydro electricity plants until 2039.
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