3rd Oct 2007 10:30
Scottish & Southern Energy PLC03 October 2007 SCOTTISH AND SOUTHERN ENERGY PLC APPROVAL OF WATER 'INSET APPOINTMENT' SSE Water ("SSEW"), a subsidiary of Scottish and Southern Energy plc ("SSE"),has today been granted an 'inset appointment' that will allow it to supply waterand sewerage services to a housing development near Salisbury. The appointmentwill enable SSEW to install, own and operate the water network within thedevlopment. Inset appointments are allowed when sites are not currently served by anexisting appointed water company, or where the current appointed water companyagrees to the application, or when each of the premises in the inset area usesat least 50 million litres of water per year. There are currently 11 suchappointments but this is the first one since privatisation 18 years ago where anew entrant to the water industry will be serving households. SSE announced in November 2006 its intention to seek such an appointment as partof a 'multi-utlity' strategy for larger developments and Ofwat announced in May2007 its proposal to grant the appointment, subject to consultation. Ian Marchant, Chief Executive of SSE, said: "This appointment will allow SSE toprovide a more comprehensive multi-utility solution to customers, through beingable to install, own, operate and supply water and sewerage services alongsideSSE's existing Gas and Electricity services. It is an evolutionary step in thedevelopment of our business and also means competition in the water industry inEngland and Wales is continuing to make progress. "Our existing gas and electricity customers expect and receive the best customerservice in the industry. SSE is committed to delivering the same excellence toour new water customers." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SSE