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National Tree Day Planet Ark Home
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Scottish & Southern Outlines CO2 Plans, Results Ahead |
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| UK: October 2, 2007 | ||
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LONDON - Scottish & Southern Energy said on Monday it expected results for its 2007-8 financial year to be slightly ahead of analysts' consensus forecast, as it unveiled investment plans aimed at reducing its CO2 emissions.
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Scottish & Southern (SSE) said it expected to complete investments in coal, gas, hydro and wind generation developments with a total value of over 600 million pounds (US$1.2 billion) between now and the end of the decade. The plans include adding carbon capture technologies to a raft of its power plants including Ferrybridge, Marchwood, and Peterhead and building wind and wave energy farms. It will also buy carbon credits from Brazil. It said results would be slightly ahead of brokers' expectations. Analysts polled by Reuters expect average pretax, pre-exceptional profit of 1.186 billion pounds.
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REUTERS NEWS SERVICE
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