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We published our half-year results for the year ending 30 September 2013 on 13 November, announcing a year-on-year drop in Group profits of 12% and an operating loss of £115m in our Energy Supply Business.You can view the presentation again by clicking the link below.
Following the announcement by the UK government that it is to consult on proposals to reduce the future costs associated with ECO and to facilitate other measures to reduce the cost of electricity and gas for customers, SSE can confirm that it will pass any resulting savings on to customers before the end of the current financial year.
26.0p interim dividend to be paid on 21 March 2014Dividend information page »
We own around 13,000 megawatts of electricity generation capacity, distribute electricity to 3.5 million homes and workplaces and supply electricity, gas and other services to over 10 million customers.
We are one of the UK's largest generators of electricity with around 13,000MW of generation capacity in total (UK and Ireland) from the most diverse portfolio of power stations.
We’re the only energy company in the UK to be involved in electricity transmission, electricity distribution and gas distribution, giving us a diverse range of economically-regulated businesses.
SSE has the greatest diversity in fuels for generating electricity among UK generators.
The 24th Annual General Meeting (AGM) of SSE plc was held at the Perth Concert Hall on the 25 of July.Full details of this event, and previous shareholder meetings, are available using the link below.
SSE's annual report for the financial year ending 31 March 2013.
Our first commitment is to ensure energy supplies are safe and reliable. But we also provide real, practical support which we hope will bring lasting benefit to communities in a number of ways.
Clyde has the largest wind farm Community Investment Fund in Scotland which is expected to be worth around £22million (£875,000 a year for the lifetime of the wind farm).
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SSE's core purpose is to provide the energy people need in a reliable and sustainable way. In fulfilling this purpose, SSE requires the support of the shareholders who have invested in its shares, and it believes their investment should be remunerated through the payment of dividends, for four key reasons:
As a result of this, SSE's strategy is to deliver sustained real growth in the dividend payable to shareholders through the efficient operation of, and investment in, a balanced range of economically-regulated and market-based businesses in energy production, storage, distribution, supply and related services, mainly in the UK and Ireland.The delivery of annual above-inflation increases in the dividend paid to shareholders is a clear, measurable and practical goal which sets the long-term financial context for SSE's operational and investment decisions.
Alistair Phillips-Davies, CEO, and others talk about what it means to work for SSE.