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

Scottish & Southern Energy plc - Case Study usage south southeasts strategy is to deliver sustained real growth in the dividend payable to shareholders through the efficient feat of, and investment in, a balanced range of regulated and non-regulated zero-related businesses. The successful implementation of this strategy in 2006/07 delivered some other year of excellent financial performance, with profit before tax exceeding 1 billion for the first gear time, and solid operational performance, with our policy of responsible pricing helping us to gain more than adept million additional customers (Miranda.com, 2007).We are committed to offering customers a combination of price, service and products which will alter 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 high societys rapid growth has been due to a consistent and continue f ocus on four essential areas the maintenance and investment in present energy networks proceed 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 as gas storage, contracting connections, and telecoms. As a result of the achievements and communicate made within these central goals, the companys 2006 reported its financial performance, with ad righted 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 amalgamation 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 office staff stat ion, 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