Interim management statement

We remain on course to deliver an increase in the dividend per share, an increase in adjusted profit before tax for the financial year to 31 March 2012 and to deliver on its key operational goals.

Ofgem recommends SHETL business plan for 2013 – 2021 Transmission Price Control

23 Jan 2012

Ofgem has today confirmed it is recommending that SSE’s electricity transmission business, Scottish Hydro Electric Transmission Ltd (SHETL), is fast tracked under the RIIOT1 process for the Transmission Price Control period April 2013 – Mar 2021.

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Doing business responsibly

We don’t seek to maximise profitability in any one year but to maintain and develop a sustainable business that serves customers, employs people and pays dividends over the long term.

What we do

Engineer wearing a hard hat

We are the UK’s second largest generation business, with an ownership interest in over 100 thermal and renewable power stations, with a total capacity of just over 11,300MW.

Supplying electricity, gas and home services

We supply electricity, gas and other energy services to over 10 million customers in the energy markets in Great Britain and Ireland, focusing on strong products, good service and value for money.

Supply

Engineer on the job in dark, confined conditions.

We supply electricity and gas to over 10 million homes and businesses throughout Great Britain and Ireland.

Lowering customers' energy use

We believe that sustainable energy supply is about providing the energy and related products and services that people actually need in the low carbon environment of the future.

Generation

Hydro electric dam at Pitlochry

We are the UK's second largest generation business, with a total capacity of just over 11,300MW.

Our half year results

We announced our results to 30 September 2011 on Wednesday 9 November 2011. Listen to the webcast.

Ian Marchant, SSE's Chief Executive, and Gregor Alexander, our Finance Director, discuss different aspects of our half-year position.

Annual Report

Our latest annual report

Annual report 2011 Annual report 2011

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News

We welcome enquiries from professional journalists and provide a 24-hour service for urgent enquiries.

For more information, look at our media contacts section.

Interim management statement

We remain on course to deliver an increase in the dividend per share, an increase in adjusted profit before tax for the financial year to 31 March 2012 and to deliver on its key operational goals.

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06 Jan 2012

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  • Gas storage

    We operate two salt cavity natural gas storage sites on the East Yorkshire coast, at Hornsea and Aldbrough. To form gas storage cavities, salt deposits around 2km under ground are leached by seawater (a process of pumping water from the North Sea into the salt, dissolving the salt and returning the brine to the North Sea). At the end of the process, up to 4 years, the water in each of the cavities created is replaced (dewatered) by gas under pressure. Around 45% of the gas must remain in the cavity for the life of the site, the remaining 55% is available for storage services.

    Hornsea is currently the UK's largest onshore gas storage facility and has nine salt cavities, 325mscm of gas storage, fully utilised for commercial operations. Services from Hornsea are offered for use by the energy industry.

    Aldbrough is in the final stages of its development, with the surface plant and six of the nine cavities already in operation.  Leaching at the remaining three caverns has been completed and they are now being de-watered through injection of gas. They should be ready for operation by the summer of this calendar year.

    They will ultimately give the opportunity to store around 330mscm of gas, at an injection rate of up to 20mscm/d and a withdrawal rate of up to 40mscm/d. The Aldbrough site, operated by SSE Hornsea Ltd, is a two thirds / one third joint venture between SSE and Statoil (UK).When complete, SSE will have invested a total of around £290m in this development