Scottish & Southern Energy Share Price (SSE)

SSE - Scottish & Southern Energy Investor Summary

Scottish & Southern Energy Investor PLC: one of the UK's largest energy companies. They transmit, generate, distribute and supply electricity. They also handle the storage, distribution and supply of gas as well as utility contracting and telecoms.

This company formed in 1998 as part of a successful merger between Southern Electric and Scottish Hydro-Electric. It now also incorporates the brand SWALEC. It is now the second largest supplier of gas and electricity in the UK

Since the merger SSE have built up a whole portfolio of businesses such as energy suppliers Atlantic Electricity and Gas, electric networks such as Scottish and South energy power, Gas networks, telecoms, contracting, retail, gas storage, SSE pipelines and national networks. Most recently in December 2008 they purchased Airtricity.

As well as businesses SSE have expanded their possession of resources and own 10,500 of electricity generation capacity (including its share of joint ventures and associates) and operate a 2000mv Fiddler's Ferry fire station. They sought permission in December 2008 to develop a Dutch wind farm offshore. In this same month SSE also achieved their 9,000,000 customer mark for the first time.

SSE have been successful in terms of both core growth and new projects. They have been growing both their customer base and their generation capacity in almost like for like measure. They have also been successful with the acquisition of companies in related businesses and thus been particularly profitable in 2008. They are of course in the FTSE 100. SEE- a company with energy that keeps on growing.