Table of Contents
Table of Contents 2
List of Tables 7
Company Snapshot 8
Key Information 8
Company Overview 8
SWOT Snapshot 8
Operational Metrics 9
Scottish and Southern Energy plc, Operational Metrics, By Capacity 9
Scottish and Southern Energy plc, Operational Metrics, By Generation 9
Scottish and Southern Energy plc, Operational Metrics, By Customers 9
Scottish and Southern Energy plc, Operational Metrics, By Sales 9
Scottish and Southern Energy plc, Operational Metrics, By Sales 10
Scottish and Southern Energy plc, Wind Farms 11
Scottish and Southern Energy plc, Wind Farms, Ireland 11
Scottish and Southern Energy plc, Wind Farms, Netherlands 13
Scottish and Southern Energy plc, Wind Farms, Sweden 13
Scottish and Southern Energy plc, Wind Farms, United Kingdom 13
Scottish and Southern Energy plc, Wind Farms, United States 18
Scottish and Southern Energy plc, Hydro Power Plants 19
Scottish and Southern Energy plc, Hydro Power Plants, Australia 19
Scottish and Southern Energy plc, Hydro Power Plants, United Kingdom 19
Scottish and Southern Energy plc, Biomass Power Plants 24
Scottish and Southern Energy plc, Biomass Power Plants, United Kingdom 24
Scottish and Southern Energy plc, Thermal Power Plants 25
Scottish and Southern Energy plc, Thermal Power Plants, United Kingdom 25
Business Description 27
Business Overview 27
Major Products and Services 28
History 29
SWOT Analysis 32
Overview 32
Scottish and Southern Energy plc Strengths 32
Operational Efficiency 32
Diversified Business Activities 32
Strong and Diversified Power Generation Portfolio 33
Growing Customer Base 33
Dividend Growth- Better than Inflation 33
Scottish and Southern Energy plc Weaknesses 33
Substantial Debt Burden 33
Declining Revenue from Generation and Supply 33
Scottish and Southern Energy plc Opportunities 34
Wave and Tidal Energy Development Project 34
Increased Global Offshore Wind Market 34
Growing Focus on Renewable Energy 34
Investment Plans for 2008-2013 34
Scottish and Southern Energy plc Threats 34
Limited Geographical Presence 34
Fluctuating Oil Markets 35
Stringent Regulations 35
Financial Ratios - Capital Market Ratios 36
Financial Ratios - Annual Ratios 36
Financial Ratios - Interim Ratios 38
Key Employees 39
Key Employee Biographies 40
Company Statement 41
Locations And Subsidiaries 42
Head Office 42
Other Locations & Subsidiaries 42
Recent Developments 44
Mar 22, 2011: Scottish Government Approves Two Wind Farms 44
Feb 23, 2011: DECC Gives Go-Ahead For SSE To Build 870 MW CCGTP At Baglan Bay Energy Park, UK 44
Feb 09, 2011: SSE Submits Proposal To Develop CCS Project At Its Gas-Fired Power Station In Peterhead, Aberdeenshire 45
Oct 25, 2010: Scotland Energy Ministry Intends To Approve Beauly-Denny Electricity Transmission Line Rationalization Schemes 45
Oct 08, 2010: SSE Generation Receives Consent To Develop 60MW Pumped Storage Scheme At Sloy Hydro Electric Power Station At Loch Lomond, Scotland 46
May 11, 2010: SSE, RWE npower Secure Rights To Develop New Wind Farm Off The Coast Of Suffolk, UK 46
Jan 08, 2010: Fluor Consortium Wins Exclusive Rights In Round 3 Of UK Offshore Wind Farm Development Programme 46
Sep 08, 2009: SSE Submits Planning Application To Extend Sloy Hydro Power Station 47
May 20, 2009: Viking Energy Submits Application For 150 Turbine Wind Farm On Shetland, UK 48
Jan 15, 2009: SSE Receives Consent From Dutch Ministry To Construct West-Rijn Wind Farm 49
Nov 29, 2008: SSE Receives Approval For Hydro Power Project From SEPA 49
Jul 21, 2008: SSE Secures Consent To Build Onshore Wind Farm In Scotland 49
Apr 09, 2008: SSE Receives Planning Permission To Develop Gordonbush Wind Farm 50
Jan 16, 2008: SSE Receives Consent For Fairburn Wind Farm 51
Apr 01, 2011: SSE Plans To Develop New Offshore Wind Turbine Testing Facility In Scotland 51
Mar 08, 2011: SSE Decides To Release Electricity TEC Rights For Two-Unit CCGT Power Station In Abernedd Brownfield, South Wales 52
Feb 03, 2011: SSE Opens New Offices In Glasgow, UK 52
Feb 01, 2011: SSE Interconnector Signs Cooperation Agreement To Investigate Feasibility Of Electricity Interconnector Between UK And Norway 52
Jan 19, 2011: SSE Announces Offshore Wind Alliance 53
Dec 09, 2010: SSE Undertakes Re-Allocation Of Executive Directors Responsibilities 54
Dec 06, 2010: Converteam And SSE Sign Agreement To Reduce Total Cost Of Ownership Of Offshore Wind Power Generation 54
Nov 29, 2010: Iberdrola, GDF SUEZ And SSE Establish JV To Develop New Generation Nuclear Power Station In West Cumbria 55
Nov 10, 2010: SSE May Decide Final Investment On Building Nuclear Plant By 2015 56
Jul 16, 2010: MHI, Mitsubishi Power Enter Strategic Agreement With SSE For Low Carbon Energy Developments 56
Jul 08, 2010: SSE Decides To Prepare CCS Project At Its Gas-Fired Power Station At Peterhead, Aberdeenshire 57
Mar 23, 2010: $30 million carbon capture pilot plant to be developed at Yorkshire 57
Mar 16, 2010: SSE Renewables Wins Exclusive Rights To Develop 400MW Of Wave And Tidal Energy In Pentland Firth And Orkney Waters 58
Dec 23, 2009: SSE To Acquire Stake In Walney Offshore Wind Farm 58
Nov 06, 2009: Scottish and Southern Energy Plans Hydro Power Plant Above Loch Ness In UK 59
Oct 07, 2009: SSE Announces New Renewable Energy Centre Of Excellence In Glasgow 59
Sep 22, 2009: Iberdrola, GDF SUEZ And SSE Shows Interest In Buying Land For Nuclear Power Plants At Sellafield Site In UK 60
Aug 27, 2009: Forth Energy Proposes Biomass Developments In Scotland 60
Aug 13, 2009: SSE To Acquire Uskmouth Power For $44.86m 61
Jun 29, 2009: Scottish and Southern Energy Proposes To Develop Pumped Storage Hydro Electric Schemes In Great Glen, Scotland 61
May 25, 2009: Iberdrola To Become Part Of UK's Nuclear Power Development 62
May 21, 2009: Scottish and Southern Energy To Build Power Plants Across The UK 62
Apr 29, 2009: GDF SUEZ, SSE And Iberdrola Consortium Reasserts Its Nuclear Ambitions In UK 63
Apr 15, 2009: Fluor And Airtricity Form New Consortium For Round 3 OF UK Wind Farm Programme 63
Mar 30, 2009: SSE To Begin Work At Wind Farm In Achany, UK 63
Mar 05, 2009: SSE Plans To Build Multi-Fuel CHP Facility In Yorkshire 64
Jan 30, 2009: SSE Opens New Customer Service Centre In Cumbernauld, Lanarkshire 64
Nov 07, 2008: SSE And Shanks Come Together To Build CHP Plant In Yorkshire 65
Jun 23, 2008: SSE To Build Wind Energy R&D Unit In Beijing 65
May 29, 2008: SSE Adopts New Target To Reduce Carbon Dioxide Emissions 65
Apr 03, 2008: SSE Announces Renewable Plans 66
Mar 26, 2008: SSE Plans To Double Renewable Energy Output By 2013 66
Dec 17, 2007: SSE Receives Consent For Achany Wind Farm In Sutherland 68
Jun 07, 2007: SSE Applies For Permit To Build Wind Farm On Lewis 69
May 03, 2007: SSE Applies For Permit To Build 3.5 Megawatt Hydro Electric Power Station 69
Mar 30, 2007: SSE Applies For Permit To Build Hydro Electric Power Station 69
Jan 18, 2007: SSE Receives Consent For Development Of Toddleburn Wind Farm 70
Jul 01, 2009: SSE Provides Electricity Generation And Gas Storage Update 70
Dec 11, 2008: SSE Generates 100 MW Electricity At Glendoe Hydro Electric Station 72
Nov 10, 2010: SSE Reports H1 Fiscal 2010 Results 73
Nov 11, 2009: SSE H1 Profits Surge Despite Revenue Decline 73
May 21, 2009: Scottish and Southern Energy Reports Revenue Of GBP25.4 Billion For Fiscal Year 2009 73
Nov 12, 2008: SSE Declares 1H Fiscal 2009 Results 76
May 29, 2008: SSE Reports Fiscal 2008 Preliminary Results 79
May 29, 2008: SSE Declares Final Dividend 80
Nov 14, 2007: SSE Declares Interim Dividend 80
Nov 14, 2007: SSE Declares H1 Fiscal 2008 Results 80
May 31, 2007: SSE Declares Final Dividend 83
May 31, 2007: SSE Reports Fiscal 2007 Preliminary Results 83
Jun 06, 2011: SSE And Statoil Enter Into Contract For Supply Of Natural Gas To Peterhead Power Station 84
Jun 02, 2011: GE Smart Meters Make UK Community More Energy Efficient 84
Jun 01, 2011: SSE Announces First Electricity Generation At Clyde Wind Farm In South Lanarkshire, UK 85
May 23, 2011: Doosan Power Systems Selects Emerson's PlantWeb Digital Plant Architecture To Control Carbon Capture Demonstration Project 85
Apr 27, 2011: SSE Appoints Jeremy Beeton And Katie Bickerstaffe As Non-Executive Directors To Board 86
Apr 01, 2011: SSE Announces Resignation Of Nick Baldwin From Board 86
Apr 01, 2011: SSE Provides Update On Its Wind Farm Projects 86
Mar 31, 2011: SSE Provides Update On Beauly-Denny Replacement Electricity Transmission Line 87
Mar 08, 2011: SSE Suspends Commercial Operations At 120 MW Fife Power Station 87
Mar 01, 2011: SSE To Halt Work On Development Of Its Proposed Offshore Wind Farm At Kintyre, Scotland 88
Feb 23, 2011: DECC Gives Consent To SSE To Retrofit Coal Plant In Fiddler's Ferry, Warrington, UK 89
Jan 14, 2011: DONG Energy Announces Start Of Electricity Generation At Walney 1 Offshore Wind Farm In UK 89
Jan 14, 2011: RWE npower Announces Start Of Electricity Generation At Gabbard Offshore Wind Farm 89
Jan 10, 2011: SEPD Installs Electric Car Charging Points In 11 Public Car Parks Around Oxford, UK 89
Nov 08, 2010: SSE Launches New Solar PV Offering For Customers 90
Oct 20, 2010: Forewind Announces First Stage In Building Dogger Bank Offshore Wind Farm 90
Sep 29, 2010: Viking Energy Unveils Revised Version Of Its Wind Farm Proposal In Shetland 91
Sep 29, 2010: SSE Provides Update On Major Wind Farm Projects 92
Sep 19, 2010: SSE Generation Seeks Permission To Erect Meteorological Mast In Glen Prosen, Scotland 92
Sep 15, 2010: SSE Starts Nationwide Launch Of iplan 93
Sep 10, 2010: Jumbo Offshore Installs Last TP At Greater Gabbard Wind Farm 93
Sep 02, 2010: SHETL Seeks Public Comment On Future Of Electricity Transmission In North Of Scotland 93
Sep 02, 2010: Ofgem Launches Investigations Into Misselling And Sets Up Hotline For Consumers To Report Misleading Energy Sales 94
Aug 31, 2010: SSE Announces Installation Of 140 Turbine Foundations At Greater Gabbard Offshore Wind Farm In UK 95
Aug 29, 2010: SSE Says Electricity Output From Wind Farms In North Of Scotland Exceeds Demand 95
Aug 05, 2010: SSE Starts Construction Of 71.75MW Wind Farm At Gordonbush 95
May 19, 2010: SSE Postpones Power Generation From First 435MW Unit Of Abernedd Combined-Cycle Power Plant 96
May 19, 2010: SSE Announces Installation Of First Wind Turbines At Greater Gabbard Offshore Wind Farm 96
Apr 23, 2010: Jumbo Offshore Installs First 18 Transition Pieces For Greater Gabbard Offshore Wind Farm 96
Apr 12, 2010: BiFab Secures GBP6 Million In Funding From Scottish Government To Promote Offshore Wind Industry 97
Apr 06, 2010: SSE to construct tunnel to overcome Glendoe blockage 98
Mar 22, 2010: SSE Releases 344MW TEC Rights Of Peterhead Power Station 98
Mar 17, 2010: SSE, Doosan Babcock And Vattenfall Receive GBP6.3 Million From DECC To Trial CCS Technology At Ferrybridge Power Station 99
Feb 01, 2010: Walney (UK) Offshore To Commence Construction Work Of Walney Offshore Windfarm In Cumbria 99
Jan 03, 2010: UK To Announce GBP100 Billion Offshore Wind Farm Awards Next Week 100
Dec 22, 2009: SSE Water Applies To Water Services Regulation Authority To Be Appointed As Water And Sewerage Undertaker 100
Nov 12, 2009: Scottish and Southern Energy Provides Update On Its Glendoe Hydro Electric Project In UK 100
Nov 11, 2009: SSE To Build 5MW CCS Trial Project 100
Oct 30, 2009: EIB To Finance Connection Of Offshore Wind Energy To Grid In UK 101
Oct 28, 2009: NDA Announces Sale Of Sellafield Land In Cumbria, UK 102
Oct 12, 2009: Airtricity's Renewable Energy Development Business To Be Renamed SSE Renewables 102
Oct 09, 2009: Sensonics Takes Part In Upgrading Uskmouth Power Station In Newport, South Wales 103
Oct 05, 2009: EC To Grant More Than GBP100 Million Funds For Wind Farm And Transmission Project In Scotland 103
Sep 29, 2009: Scottish and Southern Energy Updates On Glendoe Hydro Electric Scheme In UK 104
Aug 26, 2009: Scotland's Wave Power May Contribute GBP2.5 Billion By 2020, Study Reports 104
Aug 17, 2009: Scottish and Southern Energy Updates On Glendoe Hydro Electric Scheme, UK 105
Jul 23, 2009: SSE Provides Updates On Its Operations, Projects, And Other Developments 105
Jul 06, 2009: Scottish and Southern Energy's Greater Gabbard Windfarm Nears Completion, UK 107
Jul 01, 2009: StatoilHydro Starts Operations At Aldbrough Gas Storage Facility In East Yorkshire, UK 107
Jun 29, 2009: Scottish and Southern Energy Opens GBP160 Million Glendoe Hydro Electric Scheme 108
May 29, 2009: Scottish And Southern Energy Plans Energy Projects in UK 108
May 21, 2009: SSE to construct new power plants across UK 109
May 21, 2009: Scottish and Southern Energy Stalls Restart Of 700 MW Medway Gas Station 109
May 21, 2009: SSE Seeks Funding From EBI For Wind Power Projects In Britain 110
Apr 15, 2009: Fluor arm bids for exclusive rights to develop wind power plants 110
Feb 12, 2009: Novera's 30 MW Lissett Airfield Wind Farm Starts Production And Sale 110
Feb 06, 2009: SSE Provides Nine Months 2008 Operations Update 111
Feb 05, 2009: SSE Submits Amended Design To Scottish Ministers For 94 MW Pairc Wind Farm 112
Jan 06, 2009: SSE Starts Operations At Ferrybridge Coal Fired Power Station 113
Dec 08, 2008: Scottish Government Approves Two New Hydro Power Projects 113
Oct 30, 2008: BiFab Completes GBP5 Million Contract To Provide Structures For Beatrice Wind Farm In North Sea 114
Oct 27, 2008: Ramco Updates On SeaEnergy Operations 114
Oct 03, 2008: SSE Granted Extension To Article 5(1) Of The Large Combustion Plant 114
Jan 07, 2008: SSE Completes Phase Of Glendoe Hydro Electric Project 114
Jun 27, 2007: TFS Announces Finalization Of Agreement Between SSE And GD Power 115
Jun 14, 2007: SSE Invests In Sustainable Energy Fund 115
May 08, 2007: Talisman Announces Renewable Energy From Beatrice Project 115
Mar 07, 2007: SSE Appoints Non-Executive Director 116
Jan 23, 2011: ERM To Perform EIA For Beatrice Offshore Wind Farm In Scotland 116
Nov 10, 2010: KBR Secures Contract From SSE To Provide Project Management Services 116
Jun 08, 2010: Ballast Nedam To Install Foundations For Offshore Wind Turbines At Walney II Project 117
Oct 06, 2009: Roxtec International To Supply Equipments For Greater Gabbard Wind Farm In UK 117
Aug 20, 2009: SSE, Preferred Bidder For GBP225m South Coast Street lighting PFI 117
Jul 21, 2009: Fluor Wins FEED Contract For Nitrogen Oxide Reduction Program In UK 118
Jun 12, 2009: Scottish Companies Receive Contract Of Worth GBP200 Million For Clyde Wind Farm Development 118
Feb 16, 2009: Ramco Energy's Subsidiary Receives Contract From Crown Estate For Offshore Wind Farm In Scotland 119
Aug 13, 2008: Siemens Wins EUR84 Million Contract To Connect Greater Gabbard Offshore Wind Farm To The British Power Grid 120
Aug 05, 2008: Ability Drilling Receives NOK100 Million Contract In UK For Drilling Of Gas Storage Caverns 120
May 15, 2008: Siemens Receives Order From Greater Gabbard To Supply 140 Wind Turbines 121
May 14, 2008: Fluor Signs Contract With SSE To Construct Wind Farm In UK 121
May 14, 2008: Siemens Receives Order From SSE For 140 Wind Turbines 122
Nov 21, 2007: Siemens Secures Follow-Up Contract For Power Plant Services From SSE 122
Mar 15, 2004: GE Energy Wins Substation Services Agreement From SSE 122
Appendix 124
Methodology 124
Contact Us 125
Disclaimer 125
List of Tables
Table 1: Scottish and Southern Energy plc, Key Facts 8
Table 2: Scottish and Southern Energy plc, Operational Metrics, Capacity 9
Table 3: Scottish and Southern Energy plc, Operational Metrics, Generation 9
Table 4: Scottish and Southern Energy plc, Operational Metrics, Customers 9
Table 5: Scottish and Southern Energy plc, Operational Metrics, Sales 9
Table 6: Scottish and Southern Energy plc, Operational Metrics, Sales 10
Table 7: Scottish and Southern Energy plc, Wind Farms, Ireland 11
Table 8: Scottish and Southern Energy plc, Wind Farms, Netherlands 13
Table 9: Scottish and Southern Energy plc, Wind Farms, Sweden 13
Table 10: Scottish and Southern Energy plc, Wind Farms, United Kingdom 13
Table 11: Scottish and Southern Energy plc, Wind Farms, United States 18
Table 12: Scottish and Southern Energy plc, Hydro Power Plants, Australia 19
Table 13: Scottish and Southern Energy plc, Hydro Power Plants, United Kingdom 19
Table 14: Scottish and Southern Energy plc, Biomass Power Plants, United Kingdom 24
Table 15: Scottish and Southern Energy plc, Thermal Power Plants, United Kingdom 25
Table 16: Major Products and Services 28
Table 17: Scottish and Southern Energy plc, SWOT Analysis 32
Table 18: Scottish and Southern Energy plc, Ratios based on current share price 36
Table 19: Scottish and Southern Energy plc, Annual Ratios 36
Table 20: Scottish and Southern Energy plc, Interim Ratios 38
Table 21: Scottish and Southern Energy plc, Key Employees 39
Table 22: Scottish and Southern Energy plc, Subsidiaries 42
