Friday, 15 October 2010

SSE making solid progress

Energy supplier Scottish and Southern Energy (SSE) has assured the market it
is on course to deliver on its pledge of above-inflation dividend increases.

The company has set a principal financial objective for 2010/11 of an
increase in the dividend of at least two percentage points above the Retail
Prices Index inflation rate while maintaining a dividend cover consistent
with its established range, and said it is on course to meet this objective.

Prior to entering its close period on 1 October prior to announcing its
results on 10 November, the company gave a quick round-up of progress on its
major projects. On the most advanced of the projects, the Clyde onshore wind farm, the first
turbines have been delivered to the site and work on installation is due to
start this autumn.

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