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The 24th Annual General Meeting (AGM) of SSE plc will be held at the Perth Concert Hall, Mill Street, Perth, PH1 5HZ on Thursday, 25 July 2013 at 12 noon.Full details, together with guidance on how to vote electronically, are available using the link below.
SSE has today published its Annual Report and Accounts for the financial year ending 31 March 2013.Read the full report online.
59.0p a share on 27 September 2013This is subject to shareholder approvalDividend information page »
We own over 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 over 13,000MW of generation capacity in total (UK and Ireland) from the most diverse portfolio of power stations.
We provide services from street lighting maintenance to gas storage and telecoms networks, all designed to help customers from large local authorities to householders meet their energy and utility needs.
SSE has the greatest diversity in fuels for generating electricity among UK generators.
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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CCS is likely to be a crucial tool in enabling the UK to maintain secure energy supplies, meet its climate change targets, and provide affordable energy to consumers. It is also widely recognised that the economic benefits associated with the development of a UK-based CCS industry could bring to the UK economy, are substantial. The Coalition Government has recognised the key role which CCS could play, both in the UK and globally, and has committed to invest in four CCS demonstration projects. In the CSR of October 2010 the Government provided £1 billion from the public finances for the first of these projects, but has not yet decided on how the next three will be funded. The Government has also recognised that, in order to realise the full potential of CCS, a demonstration project on a gas-fired power station should be eligible for any future funding.
In July 2010 SSE announced its plans to develop a CCS project at its gas-fired power station at Peterhead in Scotland. The plan is for a post-combustion project on one of the existing gas turbines at Peterhead, which is approximately 400MW. The proposal is in development and SSE has submited a bid for EU funding for part of the project. As the project is being developed at an existing plant Peterhead will provide invaluable learning for the future retrofitting of gas power stations, which will be necessary if the UK is to meet its ambitions of decarbonising the power sector by 2030. SSE also believes that the Peterhead project offers the greatest value for money achievable in the UK due to its prime location close to potential storage sites in the North Sea, the access it has to existing pipeline infrastructure, and the fact that the cost of developing a gas CCS project is also likely to be cheaper than its coal equivalent.
For more information about our CCS projects please read our press releases on Peterhead and Ferrybridge. You can also visit our Ferrybridge website.