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?

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.

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.

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Half Year Results.

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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".

12 month high today.

Interim Management Statement.

Nice brace of 'higher lows'.

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Yes - they are just below my last exit point and they are on my buy list (again).

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Paid this Friday :-)

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Yes 526 - having said that, they are up +39 on the day.

Close period and large capital projects update


As stated in its Interim Management Statement on 21 July 2011, SSE expects that a particularly large proportion of its adjusted profit before tax will be delivered in the second half of this financial year. This means that adjusted profit before tax for the six months to 30 September 2011 will be significantly lower than in the same six months in 2010 and 2009, but this should have no implications for the full financial year.

SSE remains on course to achieve its principal financial objective for 2011/12, an increase of at least 2% more than RPI inflation in the dividend payable to shareholders, and expects to maintain a dividend cover around its established range.

WHOLESALE ELECTRICITY PRICE TRANSPARENCY

SSE is to introduce a new and transparent approach to the management of its electricity supply and demand requirements. This approach will see SSE phase in the auction of all of its electricity supply1 and purchase all of its electricity demand, in the day ahead market.

SSE aims to begin this approach by trading a proportion of its total electricity supply and demand by Friday 14 October 2011 - with the expectation that it will reach 25% during November. The volume of electricity transacted in this way will then be increased gradually over the next few months with the expectation that all of SSE's electricity supply and demand will be traded in the day ahead market by the end of its current financial year (subject to market conditions and costs).

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Yes - along with British Gas.

Half Year Results.

Continuing commitment to financial principles

13th successive increase in the interim dividend - up 7.1%
Targeting full-year dividend increase of at least RPI + 2%
Moderate increase forecast for full-year adjusted PBT*
Single A credit rating maintained
Additional long-term funding of 426m secured at good rates
Ongoing investment in new assets through six-month capital investment of 796.9m
Forecasting capital/investment expenditure of around 1.7bn for 2011/12

Delivering efficiency and innovation in energy networks

Energy Networks operating profit up 9.5% to 320.4m
Focus on staying at efficiency frontier in electricity distribution
NINES 'smart' programme on Shetland secured Ofgem funding approval
Ofgem funding approval for Beauly-Denny upgrade (539m at 2009/10 prices)
Inclusion of SHETL in Ofgem's new fast-tracking process for post-2013 Price
Control
Continuing progress by SGN regarding in-sourcing services from National Grid
Biggest award (1.3m) made to SGN under Ofgem's Discretionary Reward Scheme


CCS Joint Development Agreement