Stan
- 22 Aug 2005 17:26
Market sort of going side ways of late
But I'm amazed that this one has hardly moved up In the last week
30p divi due tomorrow.
Anyone else watching these?
skinny
- 26 May 2010 11:45
- 18 of 339
NOTTINGHAM STREET LIGHTING PFI
SSE (Scottish and Southern Energy plc), through its wholly-owned subsidiary Tay
Valley Lighting (Nottingham) Ltd has been awarded a 25-year contract with
Nottingham City Council for the replacement and maintenance of over 40,000
lighting columns and illuminated signs in the city, under the Private Finance
Initiative (PFI). It was appointed preferred bidder in March 2010.
This latest contract takes the number of local authorities with which SSE has
long-term street lighting replacement and maintenance PFI contracts to 11 and
the number of lighting units covered by such contracts to over 550,000.
Colin Hood, Chief Operating Officer of SSE, said:
"SSE is well
established as the UK's leading street lighting contractor, and this latest
contract will build on that. The Nottingham Street Lighting PFI will create
safer and improved lighting for the people of Nottingham, and we will work hard
to make sure a high standard of service and delivery."
skinny
- 26 May 2010 13:12
- 19 of 339
EDF Sets Second UK Grid Sale Bid Date For June 21-Source
By Carol Dean
Of Dow Jones Newswires
LONDON (Dow Jones)
State-controlled utility Electricite de France SA (EDF.FR) has requested second round bids by June 21 in the sale of its U.K. power grids, said one person familiar with the situation Wednesday.
These bids are binding and require the bidder to disclose its financing arrangements for the acquisition, the person said.
Binding offers were initially expected to take place by the end of May but the process has been delayed to enable the potential buyers to carry out their due diligence and to enable the trustees of the U.K. grids business pension plan to undertake a review of bids made to date, the person said.
As previously reported by Dow Jones Newswires, the three potential buyers comprise Hong Kong-based Cheung Kong Infrastructure, or CKI; the U.K. utility Scottish and Southern Energy PLC (SSE.LN) along with Canadian infrastructure fund Borealis; and sovereign wealth fund Abu Dhabi Investment Authority, Macquarie Capital and Canada Pension Plan.
Indicative bids were submitted by these three consortium in March, people close to the matter previously told Dow Jones Newswires.
Buyers are likely to be looking at valuations of around GBP4 billion to GBP4.5 billion while EDF may be looking at GBP4.5 billion to GBP5 billion for the assets, the people said.
skinny
- 01 Jun 2010 08:48
- 20 of 339
CORRECT:Scottish&Southern Not Planning EDF Distribution Networks Deal
("Scottish & Southern Not Planning EDF Distribution Networks Deal," at 0614 GMT, misstated the company code for EDF Energy in the first paragraph. The correct version follows:)
LONDON (Dow Jones)
Scottish & Southern Energy PLC (SSE.LN), an electricity company, said Tuesday it will not seek to acquire an ownership interest in the electricity distribution networks currently owned by EDF Energy Networks (EDF.FR) on a scale that would need to be funded by issuing new shares.
MAIN FACTS:
-Scottish & Southern will continue to work with Borealis Infrastructure (Borealis) in the current sale process being run by EDF, the outcome of which could, potentially, result in SSE having a small ownership interest in the networks.
-Shares closed at 1052 pence Friday.
mnamreh
- 01 Jun 2010 08:54
- 21 of 339
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skinny
- 04 Jun 2010 07:05
- 22 of 339
Acquisition of Upstream Gas Assets
TIDMSSE
RNS Number : 0563N
Scottish & Southern Energy PLC
04 June 2010
?
SCOTTISH AND SOUTHERN ENERGY PLC
ACQUISITION OF UPSTREAM GAS ASSETS
Rights of pre-emption associated with the North Sea natural gas and
infrastructure assets which SSE (Scottish and Southern Energy plc) agreed on 1
April 2010 to acquire from Hess Limited have now been exercised or expired.
Following this, almost 80% of the resources from the original package of
around 383billion cubic feet (bcf) are available for SSE to acquire at an
equivalent value as indicated in April. Gas production from these assets is
forecast to be in excess of 200Mth (million therms) in 2010, rising to about
300Mth in 2012, which will provide approximately 6% of SSE's needs. A revised
cash consideration of $324million will be paid for these assets subject to
further partner and regulatory approvals before completion later this year.
The assets subjected to pre-emption were primarily Everest, Lomond, Neptune and
the CATS pipeline.
Alistair Phillips-Davies, Energy Supply Director of SSE, said:
"It
was to be expected that some of Hess' existing partners would exercise their
pre-emption rights, but we are very pleased with the assets which we can now go
ahead and acquire. For a fair price, we will secure a new source of primary
fuel and a hedge for our gas generation and supply activities, taking a very
useful first step into the upstream gas sector."
This information is provided by RNS
The company news service from the London Stock Exchange
END
skinny
- 16 Jul 2010 11:32
- 23 of 339
Scottish & Southern Energy: Low Carbon Energy Deal With Mitsubishi
Scot.&Sth.Enrgy (LSE:SSE)
Intraday Stock Chart
Today : Friday 16 July 2010
Scottish & Southern Energy PLC (SSE.LN), a U.K. energy company, said Friday it has entered into a strategic agreement with Mitsubishi Heavy Industries Ltd. (7011.TO) and Mitsubishi Power Systems Europe Ltd. to co-operate on low carbon energy developments.
MAIN FACTS:
-The agreement will enable the partners to explore a range of technologies including offshore wind farms, advanced technology for smart electricity grids and low carbon vehicles, carbon capture and storage and high-efficiency power generation.
-Companies hope to establish joint development projects, ventures, investments and supply arrangements through this agreement.
-The agreement with Mitsubishi expected to lead to up to 100 additional new, highly-skilled, engineering-based jobs being created at the Centre of Engineering Excellence in Renewable Energy in partnership with the University of Strathclyde.
-Subject to the progress of the agreement, SSE and Mitsubishi intend to focus on, in the first instance, the delivery of renewable energy from offshore sites and the deployment of low carbon vehicles.
skinny
- 22 Jul 2010 07:10
- 24 of 339
Interim Management Statement.
Operational update
In the three months to 30 June 2010 (comparisons with the same three months in 2009, unless otherwise stated):
SSE's Total Recordable Injury Rate was 0.10 per 100,000 hours worked, compared with 0.14 during 2009/10 as a whole;
the number of electricity and gas supply customer accounts in the energy markets in Great Britain and Ireland increased by 100,000 to 9.45 million; including home services, SSE's total customer base is now 9.87 million, up from 9.5 million a year ago;
gas-fired power stations achieved 97% of their maximum availability to generate electricity, excluding planned outages; coal-fired stations achieved 90%*;
output from gas-fired and coal-fired power stations was 5,450GWh, compared with 5,085GWh*;
renewable energy output (from conventional hydro electric schemes, wind farms** and dedicated biomass plant) was 700GWh, compared with 1,000GWh, reflecting weather conditions;
underlying consumption of electricity by SSE's household customers in Great Britain fell by 2.0 %; underlying consumption of gas by SSE's household customers fell by 2.4 %;
the number of Customer Minutes Lost in the Scottish Hydro Electric Power Distribution area was 16, compared with 14; in the Southern Electric Power Distribution area it was also 16, compared with 14; and
the amount of replacement and reinforcement gas mains laid by Scotia Gas Networks was 325km, compared with 310 km.
skinny
- 29 Oct 2010 10:53
- 25 of 339
Scottish & Southern Energy Raises Household Gas Bills By 9.4%
Today : Friday 29 October 2010
Scottish & Southern Energy PLC (SSE.LN) said Friday it will increase its prices for household gas by 9.4% on Dec. 1.
MAIN FACTS:
-The increase will affect around 3.6 million customers, including 0.4 million customers in Scotland and 0.4 million in Wales.
-Current forward annual wholesale gas prices (for the period from October) have increased by over 25% since SSE last implemented a package of changes to prices for household gas, in March 2010.
-Since this price change, SSE has been the cheapest 'big six' supplier of household gas, with a price 6% cheaper than the average of this group.
-Throughout this time, gas supply has been a loss-making activity for SSE and its gas supply business, Southern Electric Gas Ltd, has traded at a loss for several years.
-Following the implementation of the price change announced Friday an annual SSE gas bill for a standard quarterly customer will increase by:
* GBP4.64 per month, to GBP650, based on a consumption of 16,500kWh, the new typical annual domestic gas consumption proposed by Ofgem in July following a consistent decline in average domestic gas consumption levels; or
* GBP5.60 per month, to GBP782, based on the current typical annual domestic gas consumption value used by Ofgem of 20,500kWh.
mnamreh
- 29 Oct 2010 12:01
- 26 of 339
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skinny
- 10 Nov 2010 07:12
- 27 of 339
mnamreh
- 10 Nov 2010 08:03
- 28 of 339
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skinny
- 14 Jan 2011 13:19
- 29 of 339
RNS Number : 4994Z
Scottish & Southern Energy PLC
14 January 2011
SCOTTISH AND SOUTHERN ENERGY PLC
FIRST ELECTRICITY GENERATED AT GREATER GABBARD AND WALNEY OFFSHORE WIND FARMS
SSE (Scottish and Southern Energy plc) has confirmed today that a milestone has been reached at both Greater Gabbard and Walney offshore wind farms, which have each generated electricity for the first time.
Colin Hood, SSE's Chief Operating Officer, said: "This is a major milestone in the development of Walney and Greater Gabbard offshore wind farms. As the UK's leading generator of electricity from renewable sources, SSE is committed to helping to increase further the amount of renewable electricity generation in the UK, and the export of electricity at Walney and Greater Gabbard is a step towards achieving this."
Greater Gabbard offshore wind farm, in which SSE owns a 50% stake, is being developed with RWE npower renewables, the UK subsidiary of RWE Innogy. It is located approximately 23km off the Suffolk coast, in the North Sea. The first three turbines have now been energised and have exported electricity to the National Grid.
Paul Coffey, Chief Operating Officer at RWE Innogy, said: "We are delighted to have reached this stage in the project. Constructing a wind farm of this size is a complex task but once fully operational, Greater Gabbard will be the world's largest offshore wind farm."
Walney offshore wind farm, in which SSE owns a 25.1% stake, is being developed with DONG Energy and a consortium of PGGM and Dutch Ampere Equity Fund. Located in the Irish Sea, approximately 15km west of Barrow-in-Furness, it consists of two wind farms - Walney 1 and Walney 2 each with a capacity of 183.6MW.
Construction of Walney 1 started in March 2010 and is progressing well with all of the planned 51 turbines having been successfully installed. The first turbines have now been energised and have exported power to the national grid. Walney 1 is expected to be fully commissioned in the first half of 2011. Construction of Walney 2 is due to start around March and be fully commissioned by the end of 2011.
Niels Bergh-Hansen, Executive Vice President of DONG Energy, said: "The United Kingdom has a very ambitious plan for expanding the production of renewable energy and a target of making green energy and reliability of supply go hand in hand, and we are pleased to be able to contribute to the expansion of renewable energy. The first power from Walney is a tangible result of our efforts to increase our production of renewable energy".
skinny
- 21 Jul 2011 07:19
- 31 of 339
skinny
- 20 Sep 2011 15:26
- 32 of 339
Nice brace of 'higher lows'.
mnamreh
- 20 Sep 2011 15:34
- 33 of 339
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skinny
- 20 Sep 2011 15:41
- 34 of 339
Yes - they are just below my last exit point and they are on my buy list (again).
mnamreh
- 20 Sep 2011 15:49
- 35 of 339
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skinny
- 20 Sep 2011 16:19
- 36 of 339
Paid this Friday :-)
mnamreh
- 20 Sep 2011 16:28
- 37 of 339
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