7th Aug 2007 12:30
Scottish & Southern Energy PLC07 August 2007 SCOTTISH AND SOUTHERN ENERGY PLC SUBMITS APPLICATION FOR ENERGY SUPPLY LICENCES IN IRELAND Scottish and Southern Energy plc ("SSE") has today submitted applications for anElectricity Supply Licence and a Gas Supply & Shipping Licence to enable it toenter and compete in the de-regulated Irish energy markets. SSE proposes that its wholly owned subsidiary, SSE (Ireland) Ltd*, will own,operate and manage these licences. This business is registered and based inIreland. SSE intends to enter the electricity and gas markets simultaneously,concentrating on the industrial and commercial market as a first priority andthen expanding into the domestic markets. Alistair Phillips-Davies, Energy Supply Director said: "As a proven low costsupplier and with experience of operating in de-regulated markets, the openingup of the Irish market presents a real opportunity for SSE to pursue itsstrategy of delivering sustained real dividend growth through investmentopportunities in regulated and non-regulated energy related businesses. "Our intention is to become a significant new player in the Irish market. Wewill initially aim to sell a range of electricity and gas products which maythen be followed by renewable products, metering, telecoms and energy services." SSE intends to establish the necessary infrastructure to manage and grow anelectricity and gas supply business in Ireland; including sales, marketing,customer service and risk management teams. The new teams will be entirelyfocussed on developing the Irish market and will be able to call upon additionalexpertise and support from SSE's well established existing businesses. -ends- Notes to Editors: * SSE (Ireland) Ltd is a wholly owned subsidiary of SSE Energy Supply Ltd whichis a wholly owned subsidiary of Scottish and Southern Energy plc. 1. SSE Energy Supply Limited already holds an electricity supply licence for Northern Ireland. 2. Scottish and Southern Energy (SSE) is one of the largest energy companies in the UK. It is involved in the generation, transmission, distribution and supply of electricity; energy trading; the storage, distribution and supply of gas, electrical and utility contracting; and telecoms. 3. SSE supplies more than 8 million customers through its retail brands, Southern Electric, SWALEC, Scottish Hydro Electric and Atlantic. It transmits and distributes electricity to over 3.6 million customers in central southern England and the north of Scotland. SSE is the largest non-nuclear electricity generator with over 10,000 megawatts of capacity from the most diverse portfolio of power stations. It is also the leading generator of electricity from renewable resources. Media enquiries to: Justyn Smith, Head of Media Relations - 0845 0760 530 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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