SSE on track for payout rise

City A.M. Reporter
SSE said yesterday it was on track for a full-year dividend increase of at least two per cent more than retail price inflation (RPI) for 2012-2013 and above-RPI inflation dividend increases from 2013-2014 onwards.

The utility also saw a steep drop in output from its gas and coal-fired power plants, with 43 per cent less generated in its first quarter than the same time last year, mainly due to maintenance work, it said.

The company, which last year withdrew from a consortium investing in new nuclear plants to focus on renewable energy instead, saw a slight increase in power production from its hydro, onshore wind farms and biomass plants to 1.33 gigawatt-hours (GWh).