“Market Cap $24.15 B As of May 2014
At a Glance
- Industry: Electric Utilities
- Founded: 1998
- Country: United Kingdom
- CEO: Alistair Phillips-Davies
- Website: www.sse.com
- Employees: 19,795
- Sales: $47.54 B
- Headquarters: Perth
#336 Global 2000
- #178 in Sales
- #545 in Profit
- #739 in Assets
- #462 in Market value
SSE Plc is an electricity and gas company, which engages in the generation, transmission, distribution and supply of electricity. The company also engages in the production, storage, distribution and supply of gas. It operates through three segments: Networks, Retail and Wholesale. The Networks segment includes electricity distribution, electricity transmission, gas distribution and other Networks. The Retail segment provides energy supply and energy-related services to household and business customers. The Wholesale segment includes portfolio management, electricity, gas storage and gas production. SSE was formerly known as Scottish & Southern Energy Plc. The company was founded in December 1998 and is headquartered in Perth, the United Kingdom.“
SSE was formed in 1998 following the merger of Scottish Hydro Electric and Southern Electric, but it can trace its heritage back far further.
SSE played a proud role in Scotland’s hydro revolution, which began in 1943 with the Hydro Electric Development Act. This delivered electricity across the Highlands and dramatically improved the lives of hundreds of thousands of Scots.
But building dams and power stations across Scotland’s rugged landscape was no easy feat. For example, workers at St Fillans set a world tunnelling record in 1955, when they ground their way through 557 feet of rock in just a week.
By the mid 1960’s, Scotland could boast of 56 dams connected by over 600km of rock tunnel, aqueducts and pipelines.
Electricity has transformed the way we all live our lives. It took over many of the domestic chores, helped Britain win the First World War and lit up the night in our towns and cities.
Today SSE remains the UK’s largest generator of renewable energy, in keeping with its historic aim to provide safe and reliable energy for all.”
*Information from Forbes.com and Sse.com
**Video published on YouTube by “sseplc“