Scottish & Southern Energy plc Case Study Example | Topics and Well Written Essays - 1500 words

frugal & Southern efficiency plc - Case Study ExampleSSEs dodging is to deliver sustain real growth in the dividend payable to shareholders through the efficient operation of, and investment in, a balanced range of regulated and non-regulated energy-related businesses. The successful implementation of this strategy in 2006/07 delivered another social class of excellent financial performance, with profit in the lead tax exceeding 1 billion for the first time, and strong operational performance, with our constitution of responsible pricing helping us to gain more than one million additional customers (Miranda.com, 2007).We are committed to offering customers a combination of price, usefulness and products which will enable us to achieve further growth during the rest of the financial year and beyond (Ian Marchant, as quoted by Hamish Rutherford, The Scotsman, 2007).Scottish and Southern Energy plc, believe that the companys rapid growth has been due to a consistent and continui ng focus on four essential areas the maintenance and investment in evince energy networks continued investment in SSEs leading-edge portfolio (Annual Review, 2006, p.1) increasing and developing energy supply and through the development of a strong presence in businesses such(prenominal) as gas storage, contracting connections, and telecoms. As a result of the achievements and progress made within these central goals, the companys 2006 reported its financial performance, with adjusted profit before tax, as being at approximately 858.2 million (Annual Review, 2006).Scottish and Southern Energy was formed in 1998, following the no-premium merger of Southern Electric and Scottish Hydro Electric, and required Connect South West contracting business just a year later. Following this Scottish Hydro Electric Contracting was launched, while by 2000, the company had acquired the energy supply business, SWALEC, it had completed its 50% investments into the Seabank 2 gas-fired big businessma n station, and the number of customers had exceeded more than four million. Then, in 2001, SSE began operating Cuilieg, the corporations hydro election power station - its first in forty years - and in 2002, the companys Annual Report showed profits of some 597.2 million (Annual Report, 2002).SSEs growth continued in 2003, the year in which the company acquired Neos Telecom, and customers passed the five million mark. It was also during this period that Scottish and Southern Energy announced its plans to construct the Glendoe hydro-electric power station, while also acquiring the balance of equity for the